7 Oct 2021 8:09 am
Total ****, ***. So, does the privately owned fed (and you) think that braindead biden's reckless spending spree with the accompanying tax hikes for everyone will not be more inflationary than already exists and a provide and economic boon? You and they are lying idiots!!!Blackvegetable » 07 Oct 2021, 7:47 am » wrote: ↑ You roamed Google for a week to come up with James Pethokoukis?
Do you have any idea who he is?
They trot his *** out to bleat apologias for reactionary policy failures.
I'll take that **** apart this afternoon, but while you wait, here's some unqualified data.....from a professional.
The Tax Cuts and Jobs Act, introduced at the end of 2017, was a complex tax reform that included tax cuts for individuals and businesses. One of the anticipated effects of the reform was to stimulate investment (Council of Economic Advisers, 2017). Business investment, however, grew more slowly after the tax reform than before it (figure 1). The average quarterly growth rate of business investment was 2.8 percent in 2018–2019, lower than the rates in 2016–2017 (4.0 percent), 2013–2017 (3.9 percent), or 2010–2017 (5.5 percent). Even taking into account that other economic factors, such as changes in trade policy and a global economic slowdown, may have held investment down, these data suggest that the stimulus provided by the tax reform was not large.
https://www.clevelandfed.org/newsroom-a ... tment.aspx