The economic growth rate for the second quarter of 2018 was 4.1%. That means growth for the year is above 3% – almost double the growth rate under President Obama. Of course, Obama used every possible spending ploy to boost the economy known to man for 8 years – but it didn’t work. He was the only post war president not to see economic growth above 3% for a year in any of his 8.
Leaving money in the private sector, i.e. tax reduction, on the other hand, under Trump is working.
Not to be deterred by the weak economy under Obama, leaders of the Democrat Party are touting socialism. Bernie Sanders famously wrote that “These days, the American dream is more apt to be realized in South America, in places such as Ecuador, Venezuela and Argentina. . .” Of course, after following a socialist course, oil rich Venezuela has collapsed, unemployment skyrocketed ( above 30%) and it is now facing a possible inflation rate of one million percent.
Still not to be deterred, other Democrats are demanding socialist policies like Elizabeth Warren, who wants to roll back the recent tax cuts and the likes of California’s Kamala Harris and New York’s Alexandria Ocasio-Cortez, a 28-year-old who beat 10-term incumbent Rep. Joe Crowley in New York’s 14th congressional district despite it being her first ever campaign. Their goal is equality of outcome – no whatever what the cost. Well there is equality in poverty for many in Venezuela.
Under Trump, there are more job openings than job seekers. In Venezuela, jobs have disappeared.
That’s the choice between economic growth and socialism. Economic growth, jobs and prosperity – or socialism, a lack of jobs and equality in poverty.
What are you going to choose?
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