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The Memo
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Comments by "The Memo" (@thememo6019) on "Kudlow: Trump's policies are rebuilding the economy" video.
America is in the 11th straight year of the longest running economic recovery in American history following the biggest financial disaster since the Great Depression. From 2010-2017 Obama’s economy grew GDP by a 2.2% average with 4 quarters over 4%. Trump returned 2.9% in 2018 WITH the bogus $1.5 TRILLION tax cut for for corporations and the wealthy. AND according to CBO trump has increased the National Debt 17% since taking office. CBO predicts less than 2.2% growth for this year and possible recession in 2020. So much for trumps economy and trumps bogus claims of 4-5-6% growth
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Average User The Debt increases during the Obama administration were due to the financial stimulus needed to enable the American economy to recover from the financial disaster caused by the Bush administration monetary policy. The exact same monetary policy trump has reinstated. Trump increased the national debt in a time of low unemployment and an expanding economy. That is not at all normal economic policy. Trump increased the debt to give a $1.7 TRILLION tax cut that benefited corporations and the wealthy like trump. You appear to have no real understanding of economics like most trump supporters
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Average User 60 of the biggest Corporations in the world paid ZERO taxes on over $80 BILLION in profits last year thanks to trumps tax giveaway to corporations and the wealthy. Trump claimed Corporations would repatriate $4 trillion dollars. It’s only an accounting gimmick. Corporations do not HAVE $4 trillion overseas. They had less than $1 trillion. 85% of the tax cut for corporations went to stock buybacks to artificially raise stock prices. You should probably do some research yourself
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