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Originally Posted by CoolbreezeNJ
With all due respect that is an absolutely stupid statement. The previous administration in the Whitehouse gave you 2% GDP growth said "these jobs" are gone forever and all the while doubled the US debt. Honestly you couldn't do a worse job then that!!!! Do you understand that the GDP is now near 4%???
W/o the tax cuts companies like Apple and Microsoft are not US companies as they keep their profits overseas to avoid the worst corporate taxes in the world. The tariffs will work themselves out and if your actually paying attention, the US has huge tariffs against them by other countries. The US does get screwed on that royally. When I worked in Brasil all US technology was taxed at 100% so you pay $2000 US for an iPhone X in Brasil. How would you like to be Boeing and if you want to sell the 787 in China? Boeing has to make it in China then all of the plans and Intellectual Property rights are then just stolen. That happens across a variety of countries from everything from planes to pharmaceuticals.
The best thing that we can all do is see with our eyes (facts) and not with our hearts, (politics). I honestly didn't care if we were ruled by Hindu monks as long as they delivered the best overall opportunities for all Americans!!!
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The writing is on the wall and the economy has been overheated.... Two Thirds of economists now predict a downturn in the US economy within the next few years, of a recession or much worse. The reasoning... Fear and insecurity over the trade war, plus rising interest rates required to keep inflation in check from the large corporate tax cuts in an already booming economy, not to mention the huge additional debt load created from these cuts complicated by ongoing necessary interest rate hikes. Normally a booming economy is the time to pay down debt and not add to it. There are a lot of smart people that warned against these moves for these exact reasons....Overheated!!!!