Tags: Financial Markets | National Debt | chinese | corporate | profits

Will Debt Doom Trump Economy?

the national debt in the united states

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Wednesday, 05 June 2019 08:49 AM Current | Bio | Archive

Now for a few words of praise and caution.

First, Trump is now presiding over almost the longest, most robust recovery in the economic history of the United States. Only the ten-year boom culminating in the tech crash of 2000 to 2001 was longer and Mr. Trump’s is far more robust.

Unless there is a recession in the next few weeks, Trump will break all records.

And if you don’t think he’s responsible, think what Nancy Pelosi would be saying if we were in a recession. Donald Trump likes to exaggerate his accomplishments and himself, but in this case he’s totally on the money.

This really is the best economy ever in terms of growth, unemployment, especially black unemployment, Hispanic unemployment (and for all I know, Jewish unemployment, which is basically always zero), and we are even seeing a bounce in manufacturing, which we all thought was impossible.

Mr. Trump is shepherding the economy through all of this while also trying to make some basic changes for the better in how the economy works. He is doing something no one thought could be done: he’s standing up to the mighty China, Incorporated.

How that will work out is unknown, but both the Chinese and we like to do business. We’re deal makers, not deal breakers. So if I were a betting man, which I am, I would bet Trump will get a trade deal that makes some progress in protecting our intellectual property and opening the Chinese markets to U.S. products.That will make the economy grow even more if all is well.

And it will be about some justice.

Corporate profits are spectacular, and so is the stock market with the exception of the last few weeks. It’s raining miracles.

Trump’s promise that we would win so much that we would get tired of winning is coming true. There’s just one big problem.

The national debt.

To read Ben Stein's full article, please visit The American Spectator.

Ben Stein is a writer, an actor, and a lawyer who served as a speechwriter in the Nixon administration as the Watergate scandal unfolded. He began his unlikely road to stardom when director John Hughes as the numbingly dull economics teacher in the urban comedy, "Ferris Bueller's Day Off." Read more more reports from Ben Stein — Click Here Now.

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Mr. Trump is shepherding the economy while also trying to make some basic changes for the better. He is doing something no one thought could be done: he’s standing up to China. We’re deal makers, not deal breakers. If I were a betting man, which I am, I would bet Trump will get a trade deal.
chinese, corporate, profits
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2019-49-05
Wednesday, 05 June 2019 08:49 AM
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