The truth about the Trump economy, explained - The Bush Boom II

[TomCADem]

In short, it is amazing how having Fox News suddenly start celebrating the Trump economy before Trump takes office has an impact on conservative voters who were fed a steady diet of the Obama economy is dismal for 8 solid years. Now, where are the gold commercials by Glenn Beck even as the U.S. deficit soars due to Republican tax cuts?

Of course, we have seen this before when Republicans celebrated the Bush Boom following tax cuts under Dubya. Of course, we know how that worked out.

https://www.vox.com/policy-and-politics/2018/1/30/16945146/trump-economic-record

That perceptions of the economy would be mediated by partisanship is perhaps to be expected. But Trump’s key achievement here is that while both Democrats and Republicans have changed their minds about the economy, Republicans have responded more sharply. They’ve nearly uniformly developed positive views about the economy due to Trump, while many Democrats also hold positive views about the economy and likely simply give former President Barack Obama the credit for it.

Even more strikingly, Gallup’s weekly numbers show that the Republican turnaround in perceptions largely happened before Trump even took office.

https://cdn.vox-cdn.com/thumbor/CJTGbWodJvpNXCsEg68i7MjaS-U=/0x0:682x460/920x0/filters:focal(0x0:682x460):format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/10115471/Screen_Shot_2018_01_29_at_10.38.15_AM.png

It wasn’t, in other words, that something changed in the economy, Republicans gave Trump credit for it and then decided to start praising the economy. The mere fact that Trump had won the election made Democrats feel somewhat worse about economic conditions and Republicans feel a lot better.

Actual economic conditions, meanwhile, really have improved — but only at a modest pace that is entirely continuous with previous trends.

[Turbineguy]

1. It took the bankers about 6 years

to figure out how to collapse the economy last time. I don't think it will take as long this time.