Supply-Side Economics

[Chicks]

New GDP data confirms Trump’s tax cuts aren’t working
Growth is slowing and business investment is actually negative.

https://www.vox.com/2019/7/26/893156...ump-tax-failed

The economy slowed down in the second quarter of 2019, according to the latest release of economic data from the Commerce Department — a fact that says less about an impending economic downturn than it does about the way President Donald Trump’s promised supply-side supercharging of growth hasn’t materialized.

In addition to the growth rate slowing to 2.1 percent in the second quarter of 2019, government statisticians also revised downward their previous estimates of 2018 growth.

Only idiots ever believed this supply side nonsense.

[Pio1980]

So the promise of more crumbs rolling off the table never materialized. However, tinkle down economics is working as well as ever. Piss on you, I've got mine.

[Chicks]

Yield curve inverted, Dow sinks 600+ points, recession on the way. Hey, Whell! Do you still believe the Repube line of bullshit? Donny's reelection will be in big trouble once people finally wake up to the massive con.

[Chicks]

DONNY THROWS A FIT, BLAMES “CLUELESS JAY POWELL,” “CRAZY INVERTED YIELD CURVE” FOR MARKET SELL-OFF
The president* spent Wednesday afternoon demanding the Federal Reserve clean up his trade war-induced mess.

https://www.vanityfair.com/news/2019...ess-jay-powell

So utterly predictable. 25th Amendment time is long overdue...

[Chicks]

Donald J. Trump @realDonaldTrump

The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election. The problem they have is that the economy is way too strong and we will soon be winning big on Trade, and everyone knows that, including China!

Christopher Michael @C_M_Writes
Replying to
@realDonaldTrump
Wait...theMEDIA controls the economy? WTF? I knew you were a moron but this is a new level of idiocy.

-----------------------------

So now the "fake" media controls the economy, lol. LMAO. Whell, how are you stupid enough to believe this clown!?

[Chicks]

U.S. deficit to expand by about $800 billion more than previously expected over 10 years, CBO says

https://www.washingtonpost.com/busin...cted-cbo-says/

America’s federal deficit will expand by about $800 billion more than previously expected over 10 years due primarily to two legislative packages approved this year, piling the nation further into levels of debt unseen since the end of World War II, the Congressional Budget Office said Wednesday.

The CBO also said that the impact of higher trade barriers, primarily President* Trump’s trade war, could hurt economic growth amid widespread fears of a recession.

So much trickledown winning!

[Chicks]

FOX “NEWS” GUEST ECONOMIST: IDEA THAT TRUMP'S TAX CUT FOR WEALTHY WOULD BENEFIT ECONOMY 'PRETTY MUCH DISPROVEN'

https://www.newsweek.com/trump-tax-c...olsbee-1455555

“The tax cut that the president passed has thus far remained the most unpopular tax cut in the history of polling," said Goolsbee, now a professor of economics at the University of Chicago. "I think the reason it hasn't been popular, is the idea that if you cut taxes at the top that'll have a kind of magic bean stock bean growth on the economy has been pretty much disproven."

[Chicks]

The U.S. deficit hit $984 billion in 2019, soaring during Trump era
Spending increases, tax cuts and political apathy fueled the surge.

https://www.washingtonpost.com/busin...ing-trump-era/

More proof that cutting taxes on corporations and the wealthy just doesn't work.

[Chicks]

Trump vowed to eliminate the debt in 8 years. He’s on track to leave it at least 50 percent higher.

https://www.washingtonpost.com/busin...ercent-higher/

As above. Promises, promises. Donny lies, constantly.

[Chicks]

9.2 million workers likely lost their employer-provided health insurance in the past four weeks

https://www.epi.org/blog/9-2-million...st-four-weeks/

Ya think any of those healthcare dollars will just magically "trickle down" to these folks, a good percentage of whom are MAGAMorons? Will the Trumpkins finally wake up to the big Repube con job once they're destitute?