Trump blames Fed for holding back economic growth in 2018

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  • Jim Chee Lahaina, HI
    March 22, 2019 4:52 p.m.

    Contrast what Donald Trump said during the primary and campaign and what he is saying today. Remember REPEAL AND REPLACE? It somehow morphed into REPEAL ONLY and John McCain squelched that. Then there was tax cuts for the Middle Class which (surprise, surprise) became tax cuts for the wealthy. And let's not get into foreign policy where Trump has done much to undermine our alliances and cozy up to tyrants and dictators in an overt move to join their club as Ruler of America.

    This man knows almost nothing about economics. Why, most trained economists disagree with him on the economy. He is a promoter, salesman, and con man to the Nth degree and will sell you a used car and tell you it just came off the factory line. The only basis for a good economic growth is that that's what he's selling at this time. Any problems are someone else's fault regardless that only the wealthy are benefiting most and Trickle Down has been a fraud since Ronald Reagan, but Republicans keep selling it since they get elected on anger and fear.

    Jobs aren't returning like they had been in the 70's. Automation and greed have driven them away never to return. But Trump doesn't see that.

  • FT salt lake city, UT
    March 22, 2019 10:16 a.m.

    So we want to listen to a man that has declared bankruptcy several times, admitted to fraud and had to compensate millions for damages? The current economy is being supercharged right now due to a heavy influx of government stimulus paid with additional debt. There is a reason why our President runs to his country club and his cronies every weekend. It's not only the golf but the adulation he receives from those whose pockets he's lined with more gold than they'll ever be able to spend.

  • JLindow St. George, UT
    March 22, 2019 10:07 a.m.

    If you have roaring, uncontrolled growth, you're going to have to pay the piper eventually.

    Moderate growth and stability are better than boom and bust cycles.

  • Fred44 Salt Lake City, Utah
    March 22, 2019 9:33 a.m.

    Thid,

    An honest appraisal would actually indicate Trump's economic policies are great for the wealthy and not so great for everyone else. Lots of tax relief was given to the wealthy with the misguided expectation they would invest that money in the economy. Much like with Reagan's trickle down economics in the 80's, there was a little bit of money invested the first year and virtually none after that. Not reading about bonuses and salary increases this year are we? The real folly in the Trump tax cut will play out in years 2-5. Ask George H Bush how that worked out for him. The next President will be charged with digging out from under this mess.

  • unrepentant progressive Bozeman, MT
    March 22, 2019 8:08 a.m.

    Thid

    You seem to think that we either do as Trump tells us or become like Venezuela. Rather a silly argument, wouldn't you think?

    The world is never completley an either/or proposition. Most especially when the either/or's are so extreme. And the Trump tax cut was as extreme as is the Venezuelan economic disaster.

  • Impartial7 DRAPER, UT
    March 22, 2019 7:58 a.m.

    Does anyone care what Trump says anymore? He's NEVER takes responsibility. He takes credit for anything good, whether he contributed or not, and blames everyone but himself for his failings. Nobody believes anything that he says. Foreign leaders are waiting him out and will resume relations with our country in 2021, when he's replaced. Zero credibility.

  • Fullypresent Salt Lake City, UT
    March 22, 2019 7:57 a.m.

    Third Barker.
    For many years the backbone of this country were farmers, the middle class, and small businesses. There was more economic balance across the country. This wasn't a bad thing.

    Having a few people control the majority of the wealth in our country and world will never be a good thing for our country or the world whether you are a Republican or a Democrat.

  • Bob67 Glenn Dale, MD
    March 22, 2019 7:16 a.m.

    The mission of the Fed is to maintain a stable monetary system, not to bolster the image of the POTUS. A mission that is made much more difficult when tariff tantrums by the President create uncertainty.

    The snake oil in the “Tax Cut and Jobs Act” (TCJA) of 2017, was anything to actually create jobs. A more accurate title would have been the “Tax Cut and Treasury Plunder Act.”

    The premise of the TCJA was that benefits would “trickle down” to the economy from the largess awarded the rich. Instead, assets of the rich are locked up and hidden away, while safety net programs are underfunded.

    It is hard for an economy to thrive under our current President. The political game of claiming credit for the good and blaming others for the bad is not leadership that inspires or continues.

  • one vote Salt Lake City, UT
    March 22, 2019 6:44 a.m.

    The Hannity mode is in effect take credit for everything good shift blame for everything bad all the time. The Donald's mentor supported Bush 100% of the time and blames Democrats 100% of the time for everything.

  • unrepentant progressive Bozeman, MT
    March 22, 2019 6:27 a.m.

    Trump promised 3,4,5,6 percent growth with his tax cut for the already well-off and Corporate America.

    Nope, like Mexico paying for the wall, it was never going to happen. Trump has convinced his stalwart supporters that his promise on the Wall is broken due to "others". And he is doing the same thing now that his only significant legislative accomplishment is not going to deliver as promised.

    You just can not believe the man. But you can believe that he will blame someone else for his failures. It is a pattern, one that anyone who has declared multiple bankruptcies, as has Trump, knows how do well.

    Will the majority let his get away with it? More importantly, will his "I can get away with murder, but who cares" supporters lose their ardent devotion to this bankrupt personality.

  • Thid Barker Victor, ID
    March 22, 2019 5:53 a.m.

    Fullypresent: When was the last time an unemployed person or a failing business offered you a job? Heaven help a business if they are profitable, pays taxes, invests back into the economy, produces products/services and provides employment! Your comments show massive economic ignorance. Don't want businesses to be profitable? Try Venezuela, you would love it there. Nobody except their ruling dictator has any money and businesses are gone! What will you do for a job?

  • Fullypresent Salt Lake City, UT
    March 21, 2019 9:33 p.m.

    He has been filling the coffers of the wealthy & corporations, adding greatly to the national debt, decimating the middle class, pushing more people into poverty with his policies along with some of those of his cronies in Congress, and he blames the Feds?

    One of the strongest economic times in our country and greatest growth of the middle class was during the 50's and 60's when there were high taxes on the wealthy to balance out the economic well being of the country as a whole. This balance increased consumer spending by the country as a whole. There was strong job growth, a strong middle class, growth of home ownership, and many other things for about 15 yrs. after WWII. It was gov't policies after that which have slowly taken us to the place we are at today and created the widest gap between the rich and the poor we have ever had in the history of our country.

    We should be proud of this?