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Politics : Formerly About Advanced Micro Devices

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To: Heywood40 who wrote (1080559)	7/29/2018 6:18:01 AM
From: puborectalis	Read Replies (1) of 1578897

"So does 2nd quarter growth say anything at all about the Trump economic agenda? The tax cut probably helped give the economy a bit of a bump: massive deficit spending will do that. (Obama could have presided over a much more rapid recovery if Republicans hadn’t insisted that deficits and debt are vast evils – but only when a Democrat is in the White House.) But deficit-based Keynesian stimulus wasn’t how the tax cut was sold, and isn’t a basis for sustained growth. In short, one quarter’s growth is a nothingburger. The real news is that we’re still waiting for both the investment surge and the wage gains the tax cutters promised; as far as we can tell, they’re never coming."

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