Foxes and Hedgehogs

It's obvious that much economic sentiment is simply political allegiance, although even that has some fact-based reasoning behind it. When Republicans harm Democratic-leaning states or focus on the industries of the Rust Belt, Democrats worry. Conversely, Republican worry when the newer industries common in Blue states are given prominence by Democrats. That said, little that Trump has done is good for the long-term welfare of the country, and much of the short-term benefits are really long-term losses, specifically, the reductions in taxes which will likely entail future belt-tightening, loosening of corporate regulation will lead to future costs for healthcare, environmental cleanup, and consumer debt. Rather than play the safe hand of trying to bring down an inflated market, Republicans instead chose to 'put out the fire with gasoline'. Eventually, there will be pain, suffering, and loss, but who will suffer, and by how much, is yet to be seen. As for outright ignorant...

In response to a NY Times article discussing the non-sensical hype surrounding Trump and the economy, How Good Is the Trump Economy, Really? , my post received over 600 Recommended clicks, the equivalent of likes: I see several major issues with the Trump economy: The current economy is really an extension of the Obama economy. Obama inherited a miserable situation created by Republicans, the same Republicans that prevented the economy from regrowing by implementing austerity measures, in effect harming many people. Whatever exuberance beyond that is the irresponsibility of tax cuts and deficit spending that Republicans are going to use to eventually harm Medicare, Medicaid, and Socal Security. The good of the economy is mostly for the upper end of the income spectrum. Even though there is low unemployment, most Americans are not really thriving.