Althea
Althea told me...
to be clear...you agree that Wall St is rarely an indicator of the actual economy?I think we’re on the cusp of a boom, actually.
All the indicators are pointed in the right direction and the tax bill hasn’t kick-in yet. Meanwhile, Democrats have all their political eggs in The Resistance basket. Which is fine, if the economy sucks a year from now.
If the economy is booming, democrats will have to explain why they were against it.
Interestingly enough, any 'boom' will come from an infrastructure spending bill, not unlike Obama's Stimulus spending (which, as few know, was 40% payroll tax cuts for the middle class).
So if we have a boom, it will not come from the private sector, rather, from tax dollars going to badly needed repairs across this country. Something Obama repeatedly called for, but was rejected by a Republican Congress. As long as we're discussing 'resistance'.
I don't really see manufacturing coming back, because all the tax cuts in the world won't make our labor rates on the same par as overseas labor. Sure...trump is systematically giving free rein to industry to pollute at will, so lax enviro regulations overseas might not be as large a factor as before.
This next year is going to be interesting. We'll see news about hiring, but ignore the low key layoffs by those same companies.