Trump Policy

[tw]

Originally Posted by Luce

Meanwhile, Trump is now saying federal workers can't have a raise this year because the economy sucks.

If the economy is doing so well, then why did the Fed do three rate cuts? We are starting to see the results of his tax cuts. And serious reductions in exports due to his 'let's screws our counter-parties' tariffs and canceled trade deals.

When does a downturn appear as job losses? The stock market crashed in 1929. When were the jobs lost? 1933. Jobs are a lagging indicator. Jobs are lost long after a recession has really started. Leading indicators of a serious downturn have appeared. Which is expected. Tax cuts traditionally have resulted in recessionary economics many years later.

[Luce]

Originally Posted by tw

If the economy is doing so well, then why did the Fed do three rate cuts?

Because bubbles don't matter, I'd presume.

(that's sarcasm, by the way)

[tw]

Originally Posted by Luce

Because bubbles don't matter, I'd presume.

Bubbles do matter to the many still living in a Lawrence Welk era.

Where is Archie Bunker when we really need him?