The very simple answer to that question is……freedom. How much economic growth can you accomplish while imprisoned in a jail cell? Well, not very much. President Trump has done more to expand freedom from government tyranny than probably any president ever has. The problem with the Obama years is that like all leftists, he is an economic illiterate, and was a shackler of the economy. Leftists don’t view the economy as a way to innovate and move forward as a society, but rather they view it as a social engineering project. They view it as a way to get even, which is why statism in its various forms never works economically….never.
President Trump on the other hand has been seen as a liberator to entrepreneurial and business innovation which is why the economy started improving even before the tax reform package was signed into law. The tax reform package is already paying dividends in the form of bonuses to employees, and will encourage businesses to bring off-shore money back to America for investment in the American economy and employees such as the announcement by Apple to bring $252b back to the United States, give employees $2500 in stock bonuses, and create 10’s of thousands of jobs. I can’t wait for the looney left to demonize that.
Economics really is not very difficult to understand. You don’t need to understand the velocity of money, price elasticity, factors of production, aggregate demand or any other of those useless terms. There is one economic term yet to be listed that is very important. That term would be the Penetration Factor that describes how Americans take it where the sun doesn’t shine because of politicians and economists who actually believe they can lead, guide and direct an economy of over 300 million with trillions of economic decisions made daily to a desired destination. It simply is impossible.
The most important thing to know when I comes to the economy is human nature. Human nature dictates everything. It dictates that if you make something more difficult or costly to accomplish, you will get less of it. Which automatically means the reverse. If you make something easier and less costly to accomplish, you will get more of it. Let’s consider the Obama care law that required all employees who worked over a certain number of hours, or worked for businesses that exceeded a certain number of employees, were to be given health insurance. Well, what was the result of that law? Employers kept employee hours down, and kept the employee count below the triggering threshold. Unintended consequences of laws that shackle employers are not unknown consequences. An adversarial relationship between government and business will never result in a thriving and bustling economy. Contrary to what our Liberal pals think, it is impossible to be a friend to the employee while being an enemy to the employer.