Look up the reason for the Housing boom, then collapse........It had a lot to do with "Reaganomics" and the failure it had.
Amazon and certain politicians
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Look up the reason for the Housing boom, then collapse........It had a lot to do with "Reaganomics" and the failure it had.
The entire premise of reaganomics is that you will increase tax revenue by slashing rates and spurring growth so that you are taking a smaller piece of a bigger pie. That has never panned out, instead we just see skyrocketing deficits each time.
So, yes, they are supposed to pay for themselves.
Tax cuts are the the only point of trickle down economics, deregulation is another pillar. There isnt an economist in the world who will say that deregulation wasnt the central reason for 2008. By the mid 2000's lenders were empowered to take a lot more risk than they would have at the turn of the century.
See Barney Frank and his band of Liberal Wing Nuts, in their successful passage of regulations to ensure a Mortgage for anyone who had a pulse.
LMAO....
In a crayon world, I can see where you would attempt to make that arguement.
Again.... WHO signed the overwhelmingly BIPARTISAN Gramm-Leach-Bliley Act into law? One of those key deregulation measures that you are talking about that led to over lending in the housing market?
Depends on who you ask. A while back there were people arguing we didn't want growth greater than 3-4%. CBO wasn't predicting 3% a year ago.
There's a lot of other factors though that we should be watching as well to determine where this economy is headed and how the tax cuts are impacting it.
There have been aspects of the cuts I was opposed to from day 1. For example I believe that the mortgage deduction cap is going to have an impact on high end residential construction.
I already did, you're just reading poorly.
Tax cuts paying for themselves..... they only pay for the projection made by someone.
Always conflating revenue with spending. Revenue is flat to slightly up with the tax cuts. Spending is out of control.
Someone likened it to sleeping with a porn star. I guess it depends on who the porn star is whether you brag or not?
Pretty sure annual will exceed 3% when they finally calculate it or did I miss the news?
That would be news to me. Kiplinger (my God, Bible, baby mama, whatever) is saying 2.9%
Growth was a solid 3.4% in the third quarter following a strong second quarter gain of 4.2%. Fourth-quarter growth should also be good, around 2.8%. However, quarterly growth in 2019 will likely be much lower, leaving a yearly average of 2.5%, down from 2.9% in 2018.
https://www.kiplinger.com/article/business/T019-C000-S010-gdp-growth-rate-and-forecast.html
Who is we and where is this proof? If companies have more money to grow and growth is their goal they will absolutely spend money to grow and it has happened time after time.
RETAIL
Walmart shares surge as holiday sales CRUSH estimates, boosted by e-commerce growth. Tuesday Feb. 19, 2019
The company said it's maintaining its sales outlook for the current year, as it raised its annual dividend — payable to shareholders on April 1 — by 2 percent to $2.12 per share, up from $2.08 a share.
I know you think you are dunking on me, but that is one company and for a specific reason . Retail went in the ******* overall.
https://www.google.com/amp/s/financ...ail-sales-declined-in-december-153022812.html
No, you asked the question, when is the next recession coming, specifically pointing to retail as some kind of near term indication. Walmart executives obviously believe otherwise not only maintaining existing projections, but increasing future dividends. An unlikely scenario if present forecasting saw the any likelihood of a market contraction / recession.