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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: zzpat who wrote (1070434)	5/28/2018 1:47:33 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1576124

So let's see here. You expect Congress to pass tax cuts and for the economy to fill it in its entirety the following month? You are indeed a silly socialist, like all Democrats. In addition, the 2.3% reading is called an "Advance" reading, which means it is not complete and has not accounted for all the data. Every quarter, there are 3 readings, the final one, being the official reading. The high likelihood is the final reading will be a full percentage point higher than 2.3%. We know this, because the Q1 earnings were blockbuster. We'll revisit this when the final reading comes through. Lastly, having said all that, you keep attributing the entirety of the economy and GDP to the President, which is patently silly. The President can have an impact, but not the all encompassing impact that you seem to credit him for. The fact is that 99% of the debt has been accrued prior to Trump. That and monetary policy by the Fed has created a situation where no matter who is in the White House, we will be plagued by slow to middling growth going forward. The only policy that would get us back to the high growth of the past is if we moved back to a hard dollar policy with floating, free market interest rates, and limited the Federal Reserve as lender of last resort. In addition, we'd have to move to strong regulation against cronyism by banning lobbyists and the revolving door between DC and businesses. That would unleash capitalism to its greatest effect. But since those things happening are a fantasy, we are going to go down the tubes. It will either be fast or slow. If we get socialism, then it will be fast and shocking. If we cling to the last vestiges of capitalism that we have, then we may have another decade or two of middling growth before we get to zero to negative growth. advisorperspectives.com