Here We Go Again – More Supply-Side B.S.

Supply-Side B.S.

Donald Trump’s tax plan, unveiled Wednesday, calls for massive tax cuts for corporations and the wealthy (i.e. “small business”). He also threw a bone to the “middle class” in the form of increasing the standard deduction from $12,700 to $24,000 for a married couple. All justified in the name of jobs and economic growth. Economist…

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The Big Picture of U.S. Economy – It’s Ugly

Economic Growth Rates

Last week, the unemployment report came out for July.  The U.S. added 255,000 jobs, more than economists had forecast, and suddenly the economy is doing great, everything is back on track, and the Federal Reserve is likely to raise interest rates later this year. If you follow the economy through the daily media or the…

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