[Marxism] Trump’s trickle dries up | Michael Roberts Blog

Louis Proyect lnp3 at panix.com
Wed Feb 5 05:41:02 MST 2020

Well, Trump’s boast turned to dust in 2019. US GDP grew by 2.3% in 2019, 
well below President Trump’s promise of 3%+ growth. The most recent GDP 
number proved that the tax cuts championed by Trump had no sustained 
impact on US growth.  Indeed , even the most optimistic forecasts see 
growth to stay well below 3% for the next few years. Of course, that 
won’t stop Trump in his State of the Union speech today in Congress 
proclaiming a huge rise in the living standards of working people under 
his reign.  Actually, cumulative growth under Trump has been lower than 
under both Obama and Bush Jnr.


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