posted by like_that
Not sure which 68 economists they spoke to, but thoughts on this?
http://thehill.com/opinion/finance/368904-economists-agree-trump-not-obama-gets-credit-for-economy
I think that article is 100% on-the-money. Only big gubmit Keynesians like Krugman would possibly disagree.
The corporate tax cuts is a big deal. Even Obama talked about it - after mocking Romney for it in every debate - but of course didn't get it done. Eliminating 20 regulations for every new 1 is probably typical Trump "facts", but not doubt that has been a real positive development after the direction we were trending under Obama (and likely to continue with Hillary).
I think businesses know how close we were to never coming back, and so they are voting their approval with their wallets and paying bonuses and investing to really try to convince people this is the path forward. It probably won't work.
The more interesting aspect is we had two major recessions in a decade, have not fully recovered from the last one and had only illusory "cash and carry" growth under W before the house of cards collapsed. Millenials in their 30's and nearing their 40's have never experienced a real economic boom, and probably limited financial success. As the Boomers well, die, Millenials are going to choose the direction of this country. And if they finally see some growth and opportunity in their careers then we may yet talk them back off the ledge of big gubmit.
Millenials are entering their prime earning years, and family expenses are becoming significant for them. They get knocked down again they will never vote Republican.