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Reply to "Trump 47 Economy"
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[quote=Anonymous][quote=Anonymous]The stock market has been absolutely speculatively raging since Trump won the election. Biden will get credit for it, but it is really about pricing in a Trump presidency.[/quote] If I guzzle a 5-hour energy drink, I'll feel a temporary surge of energy, but eventually I'll crash. This is the same situation when an administration cuts (or promises to cut taxes), but plans to finance those cuts by issuing more debt. There might be a temporary uptick in the economy and the financial markets, but the sugar high eventually goes away, and we are left with the long-term reality that the tax cuts and the associated deficits are unsustainable. [/quote]
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