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<blockquote data-quote="Up In Smoke" data-source="post: 5259493" data-attributes="member: 79702"><p>Remind me again what was so good about the Trump economy.&nbsp; Massive government spending, unfunded tax cuts, 2.5% GDP growth, failed tariff hikes, largest trade imbalance in US history, declining employment numbers, flat lined wages growth, flat lined consumer spending or was there something I&#039;m completely missing.&nbsp; We&#039;ve owned and operated businesses for 20 years and there was nothing special about the Trump years as it pertained to small businesses.&nbsp; The Bush administration passed a tax cut and 2 stimulus packages to combat 911.&nbsp; The Obama administration passed 2 of the 3 largest tax cuts in US history to combat the housing bubble along with continuing QE and lowering interest rates.&nbsp; The Trump administration passed another tax cut, continued QE and near 0% interest rates and still no greater than 3% economic growth.&nbsp; The Biden administration has not touched the tax cuts and along with the Fed is tasked to stop QE and raise rates to combat 14 years of wasteful government spending.&nbsp; Anyone who has watched the US debt clock has seen federal spending was down 400 billion dollars in 2021 and on pace to shrink by another 1.2 trillion this year.&nbsp; By approaching near full employment, solid wage growth and responsible spending the economy just might be strong enough this time pull through.&nbsp; Time will tell.</p></blockquote><p></p>

[QUOTE="Up In Smoke, post: 5259493, member: 79702"] Remind me again what was so good about the Trump economy. Massive government spending, unfunded tax cuts, 2.5% GDP growth, failed tariff hikes, largest trade imbalance in US history, declining employment numbers, flat lined wages growth, flat lined consumer spending or was there something I'm completely missing. We've owned and operated businesses for 20 years and there was nothing special about the Trump years as it pertained to small businesses. The Bush administration passed a tax cut and 2 stimulus packages to combat 911. The Obama administration passed 2 of the 3 largest tax cuts in US history to combat the housing bubble along with continuing QE and lowering interest rates. The Trump administration passed another tax cut, continued QE and near 0% interest rates and still no greater than 3% economic growth. The Biden administration has not touched the tax cuts and along with the Fed is tasked to stop QE and raise rates to combat 14 years of wasteful government spending. Anyone who has watched the US debt clock has seen federal spending was down 400 billion dollars in 2021 and on pace to shrink by another 1.2 trillion this year. By approaching near full employment, solid wage growth and responsible spending the economy just might be strong enough this time pull through. Time will tell. [/QUOTE]

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