One of Donald Trump's signature campaign promises is a 4
percent growth rate for real GDP. During his confirmation hearings,
Treasury secretary designate Steven Mnuchin scaled that back to a 3 to 4
percent range, but that is still an ambitious goal. US GDP growth has
not reached 4 percent in any year since the start of the century and has
not averaged 4 percent over any four-year period since the 1970s.
The
new administration is counting on changes in tax rates, trade policy,
infrastructure investment, and the burden of federal regulation to reach
its growth targets. Assessing the effects of those policies would be
speculative at this point, as they exist only in outline. One thing we
can be fairly sure about, though, is the demographic environment that
the Trump administration faces. Let's look at some of the key
demographic dividends that boosted growth in the past and at the
headwinds the American economy will face over the next eight years. . . .
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Well, we know what the opposition looks like http://www.harlemlook.net/2017/01/womens-march-or-genocide-march.html but do the pro-Trump people have their heads on straight? Really is Glass Steagall Act, bank separation or die... Why do we insure these mega-banks... separate them and things will be much clearer.
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