Kudlow: Trump Policies ‘Are Rebuilding the Economy’

Fiscal responsibility would have called for NOT cutting taxes when times are good. When the economy is good, people can afford to pay taxes. I'm not saying that spending shouldn't also be addressed, but fiscal responsibility calls for cutting the deficit when times are good, not increasing it.

As a fiscal conservative I am in favor of cutting taxes AFTER the deficit is under control. Not cutting taxes to create a fiscal nightmare.

 

Obama has the fourth worst annual GDP growth average of any and every U.S. president in history - 1.48%.

 

Except Trump is racist and was supposed to DESTROY black people? That's what Hillary implied. That's what all the talking heads having been saying since 2016. Trump would destroy black people and women....yet.....they're doing better. What happened? Everything since 2016 has been Obama's doing. I hope you'll stick to those words if anything bad happens. But I'm sure Trump is able to whip out the magic wand and have no effect what so ever, then suddenly destroy the economy at a moments notice=)

 

Obama was left with the worst recession ever left by a Republican President.
The country lost over 10 trillion dollars in one year.

 

They won't give credit to Trump. Reason being is orange man bad.

 

Another reason why his growth numbers should have been much higher.

But as Chuck Schumer pointed out in his post-shellacking mea culpa, Obama and his party were focused on other things:



The economy was something he "pivoted" to when it was politically expedient to do so.

 

Really? What would you have done?

 

Really. Did you miss Cryin' Chuck's mea culpa?

Back in 2008 many people including myself stated that Obama was the worst person America could elect in the midst of a severe economic downturn and it came as no surprise when he proved us right. That was about as difficult to predict as Secretariat winning the Belmont.

 

So, nothing?

 

I know! He could have created a world war. Many say that's what finally got us out of the depression.

 

Actually, nothing would have been better than what Obama & Co. did, but I pointed out Cryin' Chuck's mea culpa for a reason (which I pointed out in Post #31). The ANSWERnik in Chief and his comrades should have put the people's priorities, jobs and the economy, before their own priorities, enacting a massive new entitlement-based vote-buying racket, raising taxes and saddling people with costly mandates.

Furthermore, it could be said that the Obama economy was a fish that stunk from the head down. The man was a walking talking confidence killer, and confidence effects how individuals, businesses and investors think and act.

LOL - Creating a world war to get us out of the recession would have required focusing on the economy, which Obama was no more willing to do than he was willing to give up golf to fight ISIS.

 

In the 90's, Clinton and his Congress lowered the Debt to GDP by 15%. "This requires fiscal responsibility and willingness to do the right thing"

Today, due to rising deficits, a 2.9% GDP growth rate will keep the Debt to GDP above 104%.

Let's play with actual numbers;

First, Debt to GDP as of Dec 31st, 2018

Q4 2017 GDP Nominal; $19.831 trillion
Q4 2018 GDP Nominal; $20.891 trillion UP $1.06 trillion
https://alfred.stlouisfed.org/serie...tm_term=related_resources&utm_campaign=Alfred

Debt as of Dec 31st, 2018; $21.974 trillion
https://www.treasurydirect.gov/govt/reports/pd/debttothepenny.htm
Debt to GDP as of Dec 31st 2018; 105.2%

Q3 2017 GDP Nominal; $19.588 trillion
Q3 2018 GDP Nominal; $20.658 trillion
Debt as of Oct 1st, 2018; $21.607 trillion
Debt to GDP as of Oct 1st, 2018; 104.6%

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Had Uncle Sam lowered its FY2017 deficit by $100 billion, and kept lowering it, calculate Debt to GDP;

FY 2017 Deficit; $666 billion
FY 2018 Deficit; $566 billion
Debt as of Oct 1st, 2018; $21.607 - $100 billion = $21.507
Q3 2018 GDP Nominal; $20.658 trillion
Debt to GDP as of Oct 1st, 2018; 104.1%
"and kept lowering it"
Estimated Debt to GDP as of Dec 31st, 2018; 103.4% versus 105.2%, a difference of 1.8%.

 

Who said anything about destroying black folks.

Take it up what whoever said it. How are we doing better?

I believe we have said all the trends that you guys have been patting Trump on the back for started under Pres Obama.

Time will tell.

 

Past performance IS NOT indicative of future results.....

In the 90's, prior to lowering the long term capital gains rate, increasing the Child Tax Credit, and other goodies, THE PRIVATE SECTOR HAD ALREADY TOOK OVER THE ECONOMY, thus, allowing Uncle Sam to reduce its deficits with HIGHER marginal rates, a higher corporate tax rate, and excess contributions were well above $100 billion.

THAT WAS GREAT!

In other words, if today's private sector would take over the economy, that would be GREAT....AGAIN.