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Originally Posted by lustylad
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It's ok. We've known for a long time you are "gender fluid".
With any luck, maybe tomorrow you'll wake up and imagine you have a dick again.
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You love to imagine there is a dick in your ass and mouth....you spit roasted queen.
In 2018 you , bambino and Trump were dancing around like gaymos with your 3% nonsense.
https://www.businessinsider.com/trum...omy-gdp-2020-1
The administration's bullish forecast was (and is since they've yet to dial it back)based on the belief that the tax cut developed and passed by Trump and the Republicans at the end of 2017 would increase the economy's trend growth rate. A key word there is "trend," meaning a long-term shift in trajectory as opposed to the pattern you see above.
Trump and his economic team have long argued that the tax cuts — especially the big drop in the corporate rate from 35% to 21% would kick off a virtuous cycle delivering lasting growth above the roughly 2 percent that has prevailed for the past two decades. The idea was that lower corporate rates would incentivize more capital investment in things like factories or large equipment and that this added capital stock would permanently boost the economy's productive capacity.
You may recognize this as the supply-side-tax-cut scenario popularized by economists Art Laffer and Rober Mundell, wherein tax cuts targeted at investors "trickle down" through the broader economy, lifting growth, wages, and spinning off more tax revenue to help offset the tax cut's initial cost.
Thus far, however, none of the links on the supply-side chain are anywhere to be seen. To the contrary, as the new GDP report showed real business investment has declined for three quarters in a row, the worst such stretch since the last
recession
What is a recession? How economists define periods of economic downturn
A recession is a period of economic decline spread across the economy that occurs more often than you may think. Here's why and how they happen.
Keynes can tell you why there's no boost
So then why was GDP growth at least temporarily elevated in 2018, the very year the tax cut went into effect? In fact, that's no coincidence. The tax cut did clearly juice growth for a moment. But that moment has passed. It's effects, in other words, were the type associated with John Maynard Keynes, not Laffer.
Keynesian economics, in this context, argues that in periods when private sector demand is inadequate to achieve full employment, the government should step in and temporarily make up for the lost demand through deficit spending.
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