“Reagan proved that deficits don’t matter,” Vice President Dick Cheney said when the Bush administration sought a second round of tax cuts in 2003. This fits with a rich tradition of conservative tax-cutters abandoning deficit hawkery when they want to hand money to favored groups. But some economists on the left agree with Cheney that deficits don’t matter—at least not as much as more jobs and prosperity for all—and their views are getting newfound attention because of an offhand comment by presumptive Republican presidential nominee Donald Trump. ............................ As Cheney’s quote about Reagan shows, Republicans habitually ignore deficits when they obtain power. It’s a matter of convenience, a tempting way out of the fiscal responsibility trap that makes it difficult for politicians to keep their campaign promises. But every time a Bill Clinton or a Barack Obama gets the keys to the Oval Office, Republicans flip the script, generating a sudden fear of mountains of debt. Congressman Paul Ryan has been claiming the U.S. is about to turn into Greece for eight years. A deficit hawk industry in Washington comes alive to tell the nation that we’re broke. This creates practical constraints on liberal spending programs to help the poor and the elderly. https://newrepublic.com/article/133431/donald-trump-right-deficits-dont-matter What would you have done in 2008 GWB?
Open question for all you keyboard economists, Also how many jobs has Trump brought back from China/India/Mexico ?
The University of Michigan's consumer sentiment for the United States was revised down to 100.7 in October of 2017 from 101.1 in the preliminary estimate and lower than market expectations of 100.9. Still it is the strongest number since January 2004 amid more favorable consumers' assessments of current economic conditions as well as expected economic prospects. Consumer Confidence in the United States averaged 86.16 from 1952 until 2017, reaching an all time high of 111.40 in January of 2000 and a record low of 51.70 in May of 1980.
Where were you during the Obama administration's 8 years with these questions? Not a peep out of you on any of the economics.
Well to re-frame. What we learned is robots got most of the work. Not so much the Mexicans. Robots got the jobs and oligarchs got the money cutting out the pesky middle class. http://www.businessinsider.com/map-shows-most-job-will-be-lost-to-automation-2017-5
Obama didn't go all out campaigning to bring back jobs from oversea countries like Trump did. You are an economist , so here is your opportunity to present an indepth view even in hindsight of what you would have done in 2008. Go on . . . Give it a shot.
Record number Don’t forget coal mining jobs, Trump promised to bring them back too. Except in the month of October because there was a loss of jobs in mining and logging.