The economy was already in its eighth year of expansion when Trump came in. National debt just hit a record high of $22 trillion. Pig with Sunflower. The annual deficit is fast approaching $1 trillion, accelerated by the middle class tax cut. Corporate debt is at $9 trillion. America is the 13th-most indebted county globally. Seems the self-proclaimed “King of Debt” made good on that promise.
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Wall Street’s consensus for Q4 GDP growth was 5 percent. The new forecast has lowered it to almost 0. Given the tax cuts, businesses were supposed to expand production, reinvest, hire millions of people.
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What they did instead was set new records for buying their own stock, pushing prices to record highs, while laying off employees. Over the past two years, the bot-driven market has seen a net selling of stocks, in aggregate. Pig with Sunflower. To be clear, Trump totally misrepresents trade deficits; still, his promise was to end it.He submissively parrots Putin’s rhetoric, supports his agenda, discredits our country, even eliminating our cybersecurity coordinator and gutting the task forces protecting elections from foreign meddling. Is this putting America first.