Scott, I agree 100% but would like to add that cutting taxes and regulations were actual economic measures, not just perceived benefits, that Trump provided after Obama did not. The recovery started under Obama but is rampaging under Trump.https://twitter.com/ScottAdamsSays/status/1058387745305841665 …
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I will look Lisa, but consumer confidence often has little to do with actual numbers. It's perception. Tell them the economy is awful and they save more. Even though nothing has changed for them personally. Someone wrote a cool paper on it back in 2010 or 11. I'll dig for it.
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Seems to me both Obama and Trump inherited messes. Obama: after 8 yrs, this is the new normal Trump: within 2 yrs, stock and employment records broken.
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Economies are bigger than "anyone you know." Presidents can harm, hinder, support, or bolster them, but business confidence and consumer confidence actually move them. It takes the confidence of many, many people "you know" to tip the scale.
End of conversation
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I might also suggest that Obama was NOT good w economy. Energy prices collapsed on his watch thnx to fracking which he opposed, still <3% growth
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The economy itself shows that to be true.
End of conversation
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Consumer confidence sure. hiring, unemployment, gdp, and gains in the stock market all have to do with the changes in law and reduction of regulations. One example, the ability to 100% depreciate business purchases in the first year.
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Does that mean our deficit is 80 percent psychological as well?
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