In catapulting economic activity

Posted on: November 16, 2016 at 09:18:24 CT

See Reagan and defense spending in the 80s. You said nothing about public spending, but it will be the massive public spending that Trump promises that will spearhead recovery. Never fail. He has HUUUUGE defense spending coming, Huuuuge infrastructure investment coming. That's just for starters. All his "solutions' are based of govt programs from stop and frisk to making inner city streets safe for the blacks again.

Public investments never fail to spur growth and there is a well-known ripple effect in the areas around such investments that out-last the original programs. See Boston in the 80s. The Stimulus program Obama put in place was very successful but limited by its size. Economists widely agreed that it should have been bigger - but we had blown our wad as it were saving Wall St and the Auto Industry and the cupboard was a little bare.

For the following six years the GOP-led Congress deprived Obama and the country of investments that would have spurred growth and further private investments b/c their #1 goal as stated by Mitch McConnell was to deprive the man a second term or any level of success. That they deprived the nation of growth while depriving Obama was of no concern.

NOW that the GOP is in power, the money gates will open and public spending will flow and the GOP will claim it was them that did it.