by KeithE » Tue Aug 09, 2016 6:24 am
For instance, the 5th fact: Trump says the Obama recovery after the 2008 Bush crash, was only 1.2% per year. Truth is that is the lowest GDP growth rate over the whole period that averaged 2.1% per year (which is a relatively weak short term gain in an expansionary periods). But what he fails to say it has been the longest expansionary period in US history (mostly due to the stimulus in 2009-11).
Or Fact 7: Trump claims that the unemployment rate is anywhere from 23% - 43%. When the truth is the unemployment has shrunk from a high of over 10% in 2009 to 4.9% under a uniform definition. Even if one considers so-called underemployed people, and yes this does include the unemployed. Btw, to reduce this underemployment we need another stimulus this time on infrastructure and green energy.
Trump may be right about #13, the one about Hillary may sign the TPP despite her campaign promise not to. The TPP might not be so bad if they stuck with the trade aspect articles (1-6), article 7 (human rights), and article 8 (workers rights). Read . But the other 16 provisions are mostly to help multinational corporations earn even more profits and having rights to sue countries who they say reduce their profits by say environmental regs, OSHA-type laws, or to avoid taxes via offshore tax havens. Thus signing an appropriately modified TPP might be OK but, as is, it is NAFTA on steroids. NAFTA (btw) was near unanimously approved by Republicans and Bill Clinton managed to get some Democratic support. NAFTA has had many bad consequences (ruining indigenous farmers which has caused much immigration into he US, encouraging border sweat shop businesses, removing manufacturing jobs in the US) among the chief consequences. Btw, . Ridiculous. May be a crowd pleaser but it would tank our economy (read last link).
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