Why Trump Cant Make It 1981 Again

[elleng]

*Indeed Mr. Trump’s advisers say that over the next decade, their plans for tax cuts and deregulation could push the average annual growth rate back up to 3.5 percent — the same as during the Reagan presidency. Mr. Trump says the country can grow even faster. His backers dismiss skeptics as defeatists and have insisted there is “no law of nature or economics” that would prevent the United States from reviving the boom of the 1980s.

Only there is such a law. The forces that underlie economic growth have weakened significantly since the Reagan years, worldwide. No nation, no matter how exceptional, can try to grow faster than economic forces allow without the risk of provoking a volatile boom-bust cycle.'>>>

https://www.nytimes.com/2017/01/14/opinion/sunday/why-trump-cant-make-it-1981-again.html?

[democratisphere]

1. 1981 was when the national debt started to steadily climb until

Clinton took over. RepubliCON economic insanity always repeats itself.

[Warpy]

2. The rich adore boom and bust cycles

During the boom, they grab everything they can. During the bust, they force austerity on the rest of us so they can keep it.

[Buckeye_Democrat]

5. Or they gobble up property during the bust years, like...

banks foreclosing on farms and homes.

[Warpy]

6. Exactly, and there's nothing like austerity

to make sure all that land becomes available for a relative song.

[pansypoo53219]

3. reagan got away w/ it because the democrats paid bills. georgee didn't + ruined the economy.

credit card publikkkans.

[elleng]

4. and on and on it goes.