LogFAQs > #933585859

Zeus posted...

1) Considering stagnant wage growth, etc, this is hardly a "boom economy." And thanks to the minimum wage increases driving up costs, people need to keep more of their money
2) "Trillion dollar deficits" is both bullshit (per annum it's hundred billions, the same as other previous presidencies going back to the last true boom economy which was largely a bubble anyway) and ignores that controlling spending is much more effective than trying to tax more.

It would probably help if you actually understood *why* 2008 was bad.

1) Trump constantly talks up how great the economy is. If you disagree, take it up w/ him. And what minimum wage increases? Companies aren't keeping more of their money b/c they have to pay a little extra to min. wage staff. Rather than hire people or increase wages (as you said, stagnant), they're plowing unprecedented levels of cash into their own stocks, buying them back to artificially inflate their value, using near zero interest rates (courtesy of Trump's Federal Reserve) to keep pumping more money in.
2) Zeus spewing utter bull shit? I'm shocked! Shocked! well, not that shocked...
https://www.reuters.com/article/us-usa-economy-budget/u-s-governments-annual-budget-deficit-largest-since-2012-idUSKBN1X426T
The deficit is at a trillion dollars ($984 billion, close e- fucking -nough)
It hasn't been that bad since THE HEIGHT OF THE GREAT RECESSION and since Trump took office has nearly doubled from the $585 billion in Obama's last term.

It would probably help if you understood...anything.