What I find so confusing is that people who claim to know about how the economy works seems so blind to what happened. That or they just lie about it. You choose. And I'm certainly no economic expert but it only takes a basic grasp of the economy to understand. When the economy turns bad there are some basic tools that can be used to try and stem the tide. Tax cuts being one. It puts more money in the hands of workers which would help increase spending. In a consumer based economy, which we are, that can be a huge help.
Secondly is interest rate cuts. Especially to the working class. They are the ones buying homes, cars and goods. When they buy these products business also thrives.
What Trump did was use the tools available for emergencies when the economy goes south, and used those tools to make what was already a very good economy when he was elected look even better. And just giving business who were thriving 900 billion in interest free loans when it was totally unneeded.
What people seem to continue to refuse to grasp or admit, once again take your pick, is that it's putting money in the hands of consumers that drives the economy. Business only adds jobs that are needed. they only increase jobs when demand increases to the point they need to add jobs to keep up with increased production.
Business doesn't just create jobs because someone hands them a boat load of money.
I certainly don't want anyone to take this the wrong way. Business needs to make money. They need to thrive and have the ability to expand. But that is their entire goal. Taking the bulk of a huge tax cut and turning that money into buying stock options and even bigger bonuses for their top executives does not help stimulate the economy.
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