The Republicans have been saturating the airways with the story that the economy is in bad shape. This summation seems to have resonated with a share of the electorate. A recent CBS News poll found that 65 percent of Americans remember the economy being good under former President Trump while only 38 percent rate the current economy under Biden as positively[1]. … Read the rest
Tag: Economic policy
What has Donald Trump Accomplished?
Presumably a good President fulfills many of their campaign promises. Donald Trump claims great success but he has a mixed record, at best, of keeping campaign promises. Of course, this will not stop him from claiming he accomplished everything he said he would do.… Read the rest
High Marginal Tax Rates: A Radical Policy or a Return to Our Past?
Our current tax rates
Merrian-Webster defines radical as: very different from the usual or traditional: Extreme (Webster). Conservatives have labeled Alexandria Ocasio Cortez’s proposal for a 70 percent marginal tax rate on income over 10 million dollars as radical. However, the reality is that the tax rates we have now are radical.… Read the rest
Dark Clouds on the Economic Horizon?
You will all be rich
If you believed Donald Trump’s claim that we’d all become rich under his presidency, you’re in for some sobering economic reality. In the first year, after the Republican supercharged the economy with a big tax cut, it all looked good.… Read the rest
Responsible fiscal policy
The economy is hot because we are spending like there is no tomorrow. It is a classic example of kicking the can down the road rather than taking on the hard allocation choices.
What needS fixing?
- Social security so it will continue past 2034 AARP
- Medicare so it will continue past 2026 USA Today
- The deficit that is expected to be $1 trillion this year CBO
- The accumulated debt that will exceed $20 trillion this year Market Watch
- Infrastructure rebuilding estimated to cost $4.6 trillion Money.CNN
Trying to buy us off: Trump’s economic policy
Living the high life
The American people overall give the President high marks on his handling of the economy (54% rate it as good or excellent based on a recent CNBC poll). But what has he actually done on the economic front? … Read the rest