BoilerAnimal
New member
Yes, it's good news.
The problem comes when assigning blame or taking credit.
Personally I think the economy is so much bigger than the government that it's wrong for anybody to claim credit or take blame. The economy does what it wants to do. George W. Bush didn't cause the recession, ***** didn't fix it but he did leave things alone so it could fix itself, and Trump didn't cause the current boom although he hasn't hurt things, either. I don't think any of the three deserves the bad rap they get.
I pretty much agree, with some caveats, however.
The new tax cuts have helped those whom they were really designed to help, quite well. The rest, to a far lesser degree. The cuts also have the distinction of adding an immense amount to the national debt, which will have the effect of greatly limiting ability of the government to add any needed stimulus to the economy in an eventual economic downturn.
Still to be determined and/or felt is the result of tariffs and and the retaliation from other countries, any of which could lead to an all out trade war.
If any of these actions cause more than a ripple in the economy, the effects could be very severe for many workers in the U.S. and other countries.
Like it or not, the results of Trump's handling of the economy are far from certain.