It is rather interesting today to see the articles in the Hillary-supporting mainstream media about the economic plans of the two candidates. There are actually a slew of columns that explain that Trump's plan to get the rate of economic growth back to 3.5% or maybe even 4% annually is just unrealistic. These economic "experts" put forth the opinion that the current rate of growth of 1% is about the best we can realistically expect for the near term.
This may sound like some sort of dense argument about economics. Actually, however, it is an attempt by Hillary and the Democrats to lie to the American people about a few simple economic realities. Here's what you need to know:
1. Between 1945 and 2007, the average annual growth rate of the US economy was roughly 3.5%. There were some years that were twice as high, and there were some years when there were recessions, but on average we hit 3.5% growth. That's 62 years after World War II when America averaged a 3.5% growth rate.
2. Since president Obama took office, America has not once managed to have a growth rate as high as 3.5%. Obama is the first two term president in American history to NEVER have even one year when economic growth was as high as 3.5%.
3. These simple facts tell us that Donald Trump is not shooting towards some crazy unreachable goal. Trump just wants the country to get back to having a growing economy like we did for centuries before Obama took office.
4. The economic policies followed by Obama have failed. After 8 years in office, Obama should have managed to get the economy back to an average growth rate. Hillary Clinton's economic plans are to continue the Obama policies but even more so. There is no reason to believe that doing the same thing for a ninth, tenth, eleventh and twelfth year will bring different results than were achieved in the first eight years these policies were pushed.
5. Trump wants to adopt the policies that brought the USA the highest rates of growth during the last 70 years. Trump wants to repeat what worked in the past and abandon the Obama policies that have failed.
This is not hard to understand. Nevertheless, the media is pushing a narrative that very, very slow growth is now the "new normal". It's not. Slow growth is the necessary result of policies in Washington that work to slow the economy; those are the policies of Obama and Hillary.
On all the points discussed in the debates, none is clearer than this: we know that Hillary's economic policies will not work; they will cause more misery for more people. We also know that Trump's plans have worked well in the past. Despite that basic truth, the media is out there just telling lies to the American people.
This may sound like some sort of dense argument about economics. Actually, however, it is an attempt by Hillary and the Democrats to lie to the American people about a few simple economic realities. Here's what you need to know:
1. Between 1945 and 2007, the average annual growth rate of the US economy was roughly 3.5%. There were some years that were twice as high, and there were some years when there were recessions, but on average we hit 3.5% growth. That's 62 years after World War II when America averaged a 3.5% growth rate.
2. Since president Obama took office, America has not once managed to have a growth rate as high as 3.5%. Obama is the first two term president in American history to NEVER have even one year when economic growth was as high as 3.5%.
3. These simple facts tell us that Donald Trump is not shooting towards some crazy unreachable goal. Trump just wants the country to get back to having a growing economy like we did for centuries before Obama took office.
4. The economic policies followed by Obama have failed. After 8 years in office, Obama should have managed to get the economy back to an average growth rate. Hillary Clinton's economic plans are to continue the Obama policies but even more so. There is no reason to believe that doing the same thing for a ninth, tenth, eleventh and twelfth year will bring different results than were achieved in the first eight years these policies were pushed.
5. Trump wants to adopt the policies that brought the USA the highest rates of growth during the last 70 years. Trump wants to repeat what worked in the past and abandon the Obama policies that have failed.
This is not hard to understand. Nevertheless, the media is pushing a narrative that very, very slow growth is now the "new normal". It's not. Slow growth is the necessary result of policies in Washington that work to slow the economy; those are the policies of Obama and Hillary.
On all the points discussed in the debates, none is clearer than this: we know that Hillary's economic policies will not work; they will cause more misery for more people. We also know that Trump's plans have worked well in the past. Despite that basic truth, the media is out there just telling lies to the American people.
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