Trump's economy is just another con job.
No doubt you're impressed.
https://cloudofdoubt.com/2018/07/the-illusion-of-economic-growth/
"The question that comes to mind is: if the US experienced just a little over 2 percent growth in Q1, how did it double in just one quarter?
"The tax cuts have fueled more stock buybacks, consumers are spending just as much as they were in previous quarters, and US production of goods has more or less flat-lined – so what changed? The answer? Tariffs.
"Not only are tariffs ‘
unsustainable’ in the long term, they are essentially a
tax on the US citizens who buy goods other than American…but it’s not like the US produces the goods in which it imports.
"As a reference, just about everything in a Wal-Mart used to be all American made goods, now one would be lucky to find something made in America that is not in the hunting section.
[2]
"To explain this jump in growth in the GDP one can look to the exports. Net exports contributed 1.06 percent to the pace of growth in GDP (the most since 2013).
"This increase in exports was from businesses trying to export their goods, i.e. soybeans, before the tariffs are actually in place.
"This comes from the Commerce Department who said inventories dipped 1 percent (the most since 2014) attributing the dip to 'soybean stocks as well as those of drugs and sundries and petroleum and related products.'
[3]"