Economic analysis shows no 'Trump bump' for US economy
Source: The Hill
BY VICKI NEEDHAM - 11/16/17 02:52 PM EST
The U.S. economy isnt on course for a bump from President Trumps policies over the next couple of years, a new economic analysis showed on Thursday.
Growth is expected to remain modest through 2019 even with stronger consumer and business sentiment, a roaring stock market and tax reform teed up by Republicans in Congress.
"We don't see very much of a Trump effect for the U.S. economy over the next two years," said Gabriel Erlich, director of Research Seminar in Quantitative Economics at the University of Michigan.
The report reflects expectations that Congress and the Trump administration will eventually pass a tax reform package that includes corporate tax cuts. But we expect the effects of economic growth to be modest, Erlich said.
The Michigan forecast assumes $150 billion in corporate and personal tax cuts annually, which will expand the deficit.
Read more: http://thehill.com/policy/finance/360735-economic-analysis-shows-no-trump-bump-for-us-economy
SergeStorms
(19,201 posts)a cardboard cut-out of Trump, Obama, Hillary.......anyone, in the Oval Office, and the effect on the economy would have been exactly the same. Puff your chest up about THAT, Donnie Dim-Wit! Give us another half hour speech on your wonderful achievements ( without the bottle of water, please!) that actually achieved nothing and so you can polish your own ego. Assclown!
Igel
(35,309 posts)Trump's victory was supposed to herald a complete and total economic collapse, according to some.
The argument against such twits was that the president is not the end-all and be-all of the economy, and has little impact, if truth be told.
And yet we were to be in an economic panic by last April.
Oddly--or not so oddly--those who made such claims fell silent and probably wish the claims were forgotten. But they have little credibility, for all their "My integrity rests on your forgetfulness" tacit thinking.