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<blockquote data-quote="bacha29" data-source="post: 3832307" data-attributes="member: 58386"><p>Trump as well as the GOP congress were told as plainly as it could be made not to cut taxes because it could not be made up without a continuous 4% annual growth in GDP which as never happened.</p><p>We are now desperately trying to find a new level of support. If I had to make purely a guess the new support level with be in the general area of DOW 22,500, S&P 2515 NASDAQ 6200. </p><p>With the debt clearly piling up it's important to remember that the GOP members of Congress who hollered the loudest about the deficit hollered the loudest for tax cuts in order to appease their donors with the expectation that future massive spending cuts would offset the revenue loss. </p><p>Losing the House was something they didn't planned on.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3832307, member: 58386"] Trump as well as the GOP congress were told as plainly as it could be made not to cut taxes because it could not be made up without a continuous 4% annual growth in GDP which as never happened. We are now desperately trying to find a new level of support. If I had to make purely a guess the new support level with be in the general area of DOW 22,500, S&P 2515 NASDAQ 6200. With the debt clearly piling up it's important to remember that the GOP members of Congress who hollered the loudest about the deficit hollered the loudest for tax cuts in order to appease their donors with the expectation that future massive spending cuts would offset the revenue loss. Losing the House was something they didn't planned on. [/QUOTE]
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