Source: abc news
The Associated Press
A few days ago, the stock market took a significant plunge and the nation spread with anxiety.
However, under all this anxiety, there lies the fundamentally stable US economy. The job market is at the best it has been in years and wages are increasing with Trump’s recent tax cuts. With better job
security and higher pay, businesses and consumers are spending more. The economy seems to be
okay even after the dramatic plunge the stock market recently experienced. However, with this
increase in spending, inflation is always peeking around the corner and yet another government
shutdown is possibly around the corner.
I definitely agree that Trump has indeed brought jobs back to the United States and that this has
truly helped stabilize the economy. However, I do not believe this will last if there continue to be
disagreements among the House members as government shutdowns are obviously detrimental
to the economy.
Is the economy’s stability due to Trump’s first year in office or is it the effect of Obama’s last few
years in office?
What do you think the future of the US economy is?
1 comment:
I don't believe that the economy's stability can be completely contributed to either president's actions, but rather by the entire history of the economy. As we live in a relatively free market economy with limited government interference, the recent trends in the economy can be more attributed to the stock market itself rather than any president's doings. It's hard to determine the future of the economy at any time, but following the recent trends, it appears to be fine and should remain relatively stable in years to come.
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