How would President Trump earn your vote in 2020?

@Caramelwonder 3 straight quarters of normal, i.e., more than 2.5% GDP growth, when we haven't seen GDP growth north of 2% in 8 years. That pretty Fucking good where I sit.

👏🏼👏🏼👏🏼👏🏼 @HoraceGreenley

@jackjjackson Normal US GDP growth is 2.5% to 3.5%. Normal, as in business as usual. If GDP growth falls below 2%, we have problems, i.e., increasing national debt, unemployment and falling tax receipts.

The unemployment rate is a farce. During the Obama administration, the Dept. of Labor just stopped counting people as part of the work force, if they had been unemployed after their benefits were exhausted. Nice trick.

the real number is the Labor Participation percentage:

The participation rate is a measure of the active portion of an economy's labor force. It refers to the number of people who are either employed or are actively looking for work.

Without jobs, there is no competition for labor. Without that, compensation does not rise.

We are at 40 year lows in labor participation.

People need to get jobs. Now!!!!

@HoraceGreenley He accomplished that target within 3 months of his presidency. He is immortal

@SimplyTracie All I know is, we haven't seen normal GDP Growth in any quarter during the Obama Administration. Obama had the worst economic performance of any President in US history.

@HoraceGreenley Some have said it takes years for an economic plan to bear fruit, not weeks.

@SimplyTracie Obama had 8 years, and had below average GDP growth for 32 straight quarters.

Trump has been in office for 9 quarters and has had much higher GDP growth than Obama. Trump has not had time for legislation to effect economic growth.

Do you know why we've had normal GDP growth for 3 straight quarters after 32 quarters of below normal growth?

@HoraceGreenley Yes. That’s what I understand.

If Trump has not had time to effect economic growth, how do you give him credit for the performance of the last nine months? Anyone who credits Trump for the last nine (9) months of economic growth has to do better analysis.

@SimplyTracie I disagree. Trump has done a few things to stimulate growth:

1. His comments are Pro-Business. Obama was always Anti-Business. Obama's speeches and press confidences hurt consumer and business confidence. No one knew what anti-business agenda Obama would peddle next.
2. Obama never had a budget. Even though the President is required to submit a budget to Congress, and get it passed, Obama never did. Obama submitted one his first year in office, and it was so ridiculous, that Congress, even with a Democrat majority, refused to send it to committee. That's why we had fights over the debt ceiling every 6 months and continuing resolutions passed each year.
3. Debt spiraled out of control under Obama, beginning with his "Stimulus Package" which was nothing more than previously suggested bills that were never passed. The package had no effect on the economy and added tremendously to US debt.
4. Obama raised taxes and increased regulation, both of which stifle business growth.

So even without legislation, Trump has stimulated the economy be rolling back Obama-era regulations, cut the federal budget by issuing Executive Orders for agencies to reduce budget and headcount, and continuously talked about lowering taxes, reducing the deficit and continuing deregulation.

It is these things, in addition to setting Pro-Business expectations, which has inspired confidence in businesses to start spending money again and effected an immediate increase in GDP.

The Presidency is about more than just getting legislation passed.

@HoraceGreenley Well said

@HoraceGreenley I agree with you. But his posturing can only last so long.

Unless real legitimate legislation is passed, this will soon fade. I’m thinking he has no plan, only words. And his words are only that.

@HoraceGreenley You mentioned reducing the deficit just now but doesn’t this last budget and tax bill increase the deficit?

There are two factors at least affecting the deficit. Spending g and income. Higher GNP = more tax revenues. Whether or not the President’s lofty expectations are met is another question. @SimplyTracie

@SimplyTracie The Trump Plan is already being executed:

1. Deregulate - eliminating Obama Era executive orders expanding Federal agency impact
2. Defunding ObamaCare- not only saving federal money but also lessening the burden on businesses
3. Passed a Budget - Obama never had a budget passed in his entire administration, even though this is required by law. That's why we had continuing resolutions and debt ceiling votes because these issue are supposed to be addressed in the budget. No one understood what the federal government would be spending.
4. Passed a Balance Budget, therefore not increasing the deficit

All of these things have been done already and all of them have a positive impact on the economy, i.e., GDP Growth above 2.5%.

Remember, the Stock Market is a Forward Looking Animal. Current prices reflect what investors think will be happening 18 months from now.

@SimplyTracie Lower taxes have a stimulatory effect on the economy and will drive higher GDP Growth. Increased economic activity and wealth creation will increase tax receipts not decrease them. Look up the Laffer Curve. This is one reason why tax cuts increase the amount of taxes paid. It is not a Zero Sum Game.