Daily Caller:
The American economy grew at a 3 percent rate in the third quarter of 2017, continuing to expand after posting an impressive 3.1 percent growth rate in the second quarter, according to the most recent data from the Bureau of Economic Analysis.
President Donald Trump and members of his cabinet have repeatedly pledgedto get the economy growing at a 3 percent, or higher, during his tenure in the White House. Republican leadership in Congress is on board with this message, barreling ahead with a tax reform to keep the economy revved up.
The U.S. stock market has skyrocketed since Trump defeated former Secretary of State Hillary Clinton, posting record highs on a near-weekly basis. The Dow Jones Industrial Average–the benchmark stock market index–is up 4,500 points since the 2016 November election, and the market has gained roughly $4 trillion in capitalization.
Lets see prior to the election, Steve Rattner on MSNBC, an Obama economic guy, predicted a big crash on wall street if Trump were somehow elected. Mark Cuban proclaimed a drop of 900 points and then some if I recall correctly. I have a 401k and a rollover IRA upon hearing this from both of them at the time I did nothing. Their words seemed stupid to me. Today I am happy. More than 50 new highs for the DOW in a year. Gee why does our news media ignore this?
Just how clueless are these guys.
Keep in mind that the most significant thing Trump has done economically is NOT be Obama. Business no longer worries what new regulations and taxes are going to be imposed, so they invest and grow. If tax reform goes through, the economy will finally explode.
This is the last thing the left wants to see. I said long ago that if Obama had only spent more attention (or some attention) on economic recovery, the economy would have expanded and grown and Democrats would be in power indefinitely. The same holds true for Trump and Republicans and Trump is well on his way to achieving that goal, even though the Democrats (and never-Trumper Republicans) try to block his efforts.
The economy is the key and tax reform is imperative.
Trump low balled the numbers, if the real agenda of the republican party gets beyond “what can we do to make the democrats happy” we can rival Chinas 7 and 8%
“Well, how exactly are you going to do that? What exactly are you going to do? There’s no answer to it,” Obama said.
“He just says, ‘Well, I’m going to negotiate a better deal.’ Well, what, how exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer.”
Not on the video:
Obama called Trump’s pledge to roll back Wall Street regulations “crazy.”
“That will not help us win,” Obama said of Trump. “That is not going to make your lives better.”
3.1% growth followed by 3%.
Why?
Because Mr. Trump isn’t afraid to negotiate with both businesses and leaders of other nations.
Oh, and also because over 1,000 regulations, mostly from the Obama era, have all been done away with.
Mully. This just proves you cant belevie a things they say at A-Mess-NBC the lying peacock lies and lies and lies
@Nanny G:
And he isn’t afraid because he knows a thing or two about capitalism. Unlike Obama and the left, who believe wealth comes from taxation, Trump knows that free enterprise fuels economic growth and economic growth creates wealth and tax revenues.
Leftists cannot STAND to see a dollar slip through their fingers. You can hear it in their rhetoric. For instance, nothing turns their stomachs like tax cuts and tax reform; to them, this is just flushing money the government deserves down the toilet. So, they lie about them. Tell me, if tax reform is going to RAISE taxes on the vast majority of taxpayers while cutting taxes of the 1% (who don’t pay any taxes anyway, you know), how is this going to lead to an increase in the deficit? Wouldn’t increasing taxes on the middle class lead to MORE revenue (the liberal dream)? Once again, their lies simply do not add up.
@Bill… Deplorable Me: @Bill… Deplorable Me: What is interesting is the tax proposal would eliminate deductions for state taxes on your federal form. This will hurt those from high tax states the most. Meaning the more wealthy in Democrat states would get hit with a bigger tax bite. Yet Democrat lawmakers are crying foul over this trying to protect the rich from actually paying more. One would think they would be happy to have their constituents pony up their fair share.
@Mully: Yeah, blue states will hate this because it will make their high taxes that support their liberal agendas more painful to their constituents. This will cause either more flight from those high-tax regions or a lot of liberal state legislators losing their jobs.
I don’t think the American taxpayer should be subsidizing the high taxes in failing liberal states and cities.