Art Laffer: Not much can go wrong economically ahead of 2020 elections

Art Laffer: Not much can go wrong economically ahead of 2020 elections


VERY, VERY IMPORTANT TO AMERICAN PEOPLE. MARIA: CHAIRMAN FORMER A REGULAR ECONOMIC ADVISER ART LAFFER ON THIS QUESTION THANKS SO MUCH FOR BEING HERE CHARACTERIZE THE ECONOMY FOR US HOW IMPORTANT IS STRONG ECONOMY FOR IT PRESIDENT’S REELECTION?>>WELL, I THINK REALLY, REALLY, REALLY IMPORTANT FOR THE PRESIDENT, AND OUR ECONOMY DOING REALLY WELL THIS LATEST GDP NUMBER, 1.9%, IS OVER A 1.1% ABOVE EUROZONE WE HAVE BEEN TRACKING EUROZONE TWO-PLUS YEARS WE JUST WAY OUTGROWN THE WORLD, WE ARE ABOUT A TRILLION DOLLARS HIGHER GDP TODAY THAN WE WOULD HAVE HAD WE GROWN AT RATE OF EUROZONE, SO MILES ARE WORKING CONTINUING TO INCREASE OUR ADVANTAGE OVER THE REST OF THE WORLD IF YOU LOOK AT THAT EMPLOYMENT MUCH YOU COULDN’T LOVE MORE THAN THAT NUMBER WAS IT WAS GREAT, I THINK THERE ARE MORE TYPES OF NUMBERS COMING BECAUSE OF HOUSEHOLD NUMBERS ARE SO DIFFERENT FROM THE ESTABLISHMENT NUMBERS, I THINK WE’VE GOT A LONG WAY TO CATCH UP SO I AM VERY EXCITED ABOUT THE ECONOMY, AND I THINK WILL INURE ENORMOUSLY TO HIS BENEFIT.>>128,000.>>STOCK MARKET OF COURSE THE STOCK MARKET. MARIA: IT WAS A BLOWOUT NUMBER IN TERMS OF JOBS FRIDAY EVEN WHEN YOU WHEN YOU MEASURE IN THE UPSET OF THE GM STRIKE BOEING PRODUCTION LINE BEING OFF-LINE — IT WAS STILL INCREDIBLY STRONG DO YOU AGREE WITH THAT.>>ABSOLUTELY, WHAT CAN GO WRONG HERE WE HAVE LOW RATES, GREAT JOBS, AND, OF COURSE, LOW REDACTION RATES, SUPPLY-SIDE KNICK SUPPLY-SIDE ECICK SUPPLY-SIDE ECONK SUPPLY-SIDE ECONOMICS WHAT DOES IT MEAN LOOK TO GO 2020.>>I DON’T THINK MUCH COULD GO WRONG OUT TO 2020 TO BE HONESTY WHAT COULD GO WRONG IMPEACHMENT NONSENSE DISRUPTS THOUGHTS TAKES US OFF A TRACK THEIR TRYING TO TAKE ALL BUSINESS DECISIONS AWAY FROM BUSINESS LEADERS, AND PUT THEM IN THE HANDS OF PELOSI AND SCHUMER THIS IS EXACTLY WHAT ELIZABETH WARREN IS RUNNING ON, THEY ARE TRYING TO MOVE AWAY FROM A VOLUNTARY SOCIETY WHERE PEOPLE VOLUNTARYLY LIKELY PAY TAXES TO POLICE ENFORCEMENT IRS AGENTS IT IS A COMPLETELY TWO DIFFERENT WORLD VIEWS, AND THE ONE I CONSIDER VERY, VERY DANGEROUS THE ONE BY ZUCKERMAN, THE ADVISERS TO ELIZABETH WARREN, AND THAT IS WHERE THE REAL CRUX COMES THAT SPLIT WE WILL SEE HOW IT WORKS OUT.>>ART GOOD MORNING MITCH ROSCHELLE CLEARLY CONSUMER DRIVING ECONOMY GDP PRINT, ALL ABOUT THE CONSUMER NOT ALL ABOUT BUSINESS, IN ORDER TO KEEP THE CONSUMER GOING WHAT STIMULI DO THEY TEED WE ARE NOT GETTING A TAX CUT WE HAVE GOTTEN THREE RATE CUTS ANYTHING ELSE FED OR CONGRESS CAN DO TO CONTINUE TO KEEP CONSUMER SOMETIME LADIE CONSUMER SOMETIME STDIE CONSUMER SOMETIME STIME CONSUMER SOMETIME STIMULATED WHAT THEY’VE DONE DEREGULATION TAX CUTS A LONG-LASTING EFFECT LONG LAGS IN THIS THE TAX CUT IS STILL WORKING OVERTIME, ON CREATING HIGHER GDP, HIGHER ECONOMIC GROWTH. AND I EXPECT IT TO CONTINUE TO WORK LONGER, I MEAN, THE TAX CUT NOT JUST ONE SUGAR HIGH THEN BACK TO WHERE IT WAS A BEFORE, NOT TRUE. OUR GROWTH RATES QUARTER IN, QUARTER OUT EXCEEDING THE REST OF THE WORLD BY SUBSTANTIAL AMOUNTS BECAUSE OF THE TAX CUTS BECAUSE OF DEREGULATION I EXPECT THAT WILL BE WORKING WELL INTO 2020, AND WE WILL REAL KEEP US GOING ON STRONG ECONOMY. MARIA: OF YOU SAID IN THE PAST IF A CHINA DEAL THAT IS GRAVY YOU EXPECT MARKETS TO TAKE OFF.>>THAT’S HUGE, IF WE GET A GOOD CHINA DEAL I MEAN AS I SAID NOT JUST GUESSING BY THE WAY, BUSINESSELING IN THE WIND I THINK 4,000, 5,000 ON DOW GOOD CHINA DETAIL WOULD DO FOR USA PHENOMENAL ECONOMY 2020 I HOPE EXPECT IT WILL BE TRUE.

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About the Author: Oren Garnes

77 Comments

  1. "Not much can go wrong economically now"

    probably a good sign that it's the brink of the top's cliff and that it's time to sell

  2. Fed up? QE to Infinity & Beyond…🚀 Who will have the last laugh when America returns to the Gold Standard? Digitally!! 😉 Google: "Gold QFS" 🛰🌎💰

  3. Why are my posts disappearing ?

    Is my post going to be removed again today ?

    Posting in the HeydonMusicpage comment section is pointless if they are just gong to remove my posts for political reasons .

  4. Not much can go wrong… just a clear slowdown in growth both domestically and globally, along with Fed going back into easing cycle with lower interest rates and "not qe".

    Plenty can go wrong. Will it? Probably not.

  5. "It was clear to me that we had a growing problem in the negative narrative about Ukraine, built on these earlier accusations by Mr. Lutsenko, that was impeding the development of our bilateral relationship and the strengthening of our support for Ukraine. I therefore faced a choice: do nothing, and allow this situation to fester; or try to fix it. I tried to fix it." -Kurt Volker, U.S. Special Representative for Ukraine

  6. 🇺🇸 couple months before election liberal media will push the recession idea. Look at Bush when clinton got elected media lied. Said we had recession. 🇺🇸

  7. Hey fox-y-s trump loses in appeals court, now next Supreme Court, which we all know trump has stacked, our country could not be more corrupt !
    And our you complete idiots saying 1.9 GDP is good, your idiots trump said 4 to 5 % or more 1.9 is awful if studied numbers, something your audience does not do !

  8. Sure it can go wrong if the 7,000 pt that were still in the market in January 2009 decide to sell off.
    Let me point out again that the Bush market was on a positive incline until Hillary sustained her Campaign and ran flat until Barack met Joe the Plumber and began to decline to 7,000 in January 2009.
    Those 7,000 points were government investments, retirement plans and such but also were heavily Democrat stock holders.
    So from September 2008 to January 2009 the Right Wing investors bailed.

    People(Democrats) try to claim that the Roosevelt Depression was caused by the 1928 crash.
    Not true!
    Just like the 2007-8 Subprime Goldman Sachs collapse, Goldman Sachs also staged the 1928-9 Collapse. But by 1933 things were turning around and would have taken off but Roosevelt's Socialist Policies drove investors off. My point is, these were 2 different issues. Just like 2007-8 Subprime Collapse and the Market crash were 2 different things.
    Also, "You all" call it the 2008 Subprime Collapse. But that is far from true. In April-May of 2007 Bush, Kennedy and McCain said on a Friday that they were going to pass the Kennedy-McCain Amnesty Act. But Emails and phone calls scared congress from passing the bill, meaning MILLIONS OF ILLEGAL ALIEN HOME OWNERS WERE SUDDENLY FACING THE SUBPRIME RATES AND BAILED OUT OF THEIR HOMES in particularly Florida, that passed an unfriendly Anti Illegals act so they headed for friendlier states. By the end of June 2007, Bears Sterns was collapsing under the weight of foreclosures.
    It was the 2007 Subprime Collapse that rolled into 2008. and then the criminal "picking the winners and losers began with the criminal QE2 by the Federal Reserve.

  9. The Mexico Canada deal is on Nancies desk ready to be signed yet Democrats scream Impeachment. Trump has secured our borders and with the help of Mexico has slowed illegal immigration protecting jobs for our citizens and preserving good wages and stopping crime, Democrats scream Racism. Trump has helped lower Drug prices and legislation is in the hands of democrats and they scream, free healthcare at the expense of the middle class and the wealthy. Trump is about to sign the first part of the China trade deal which will be a start towards free trade and intellectual property protection yet the democrats scream WE LOVE CHINA. Wake up america the democrats are not Americans they are socialist.communist traitors who want to sink this country from within. Vote Red and back your conservative initiatives.

  10. This is what America is supposed to be exceptional.And the Democrats want us to pay for their globalization ambitions and crazy socialist policies!Hell No!Trump 2020 and beyond!

  11. Check POTUS Twitter feed.. he is touting the new record highs of the stock market.. YET no mention of the dive of durable goods/factory orders… nor the entire manufacturing sector in contraction, nor debts/deficits exploding/nor Fed QE….

  12. If Democrats are tired of being losers, they can stop being Democrats. Problem solved. Just self identify as an American, stop wishing for the total destruction of the USA and impeaching Trump, and stop pushing silly little Marxist doctrine like divisive racist policies, political correctness and gun control along with ridiculous taxation schemes for economic redistribution and start winning.

  13. Huh?I thought this was ALL Obama policies?CNN and MSNBC said SO plus my College Professor!If TRUMP made our Economy better I need a SAFE SPACE and a Soy Latte!

  14. What if I told you that every time POTUS says “Do Nothing Democrats” he is speaking in code. He is actually saying “I Am Draining The Swamp”. LEARN OUR COMS

  15. Dems will pull out every dirty trick to tank the US economy. They should all be removed from society. They are anti-America, anti-Constitution and globalism terrorists.

  16. Democrats on Monday pounced on Trump’s contention that the whistleblower must testify publicly rather than answer questions in writing, accusing him of hypocrisy.
“It’s the height of hypocrisy for the president to be asking the whistleblower to testify and then not allowing his own administration officials, who were actually involved in the illegal conduct, to testify”

  17. My question is…How much (as a percentage) of the American markets are directly tied to the CCP? And how much overseas? Let’s get the real answer to WHO is benefiting globally from the US market expansion!

  18. Maybe we can trade New York, California, Puerto Rico, and Connecticut to the EU in exchange for Poland and Greenland.

  19. I’d keep an eye on the known market manipulators. If either Warren or Sanders is the candidate they might not want to take the risk.

  20. Why do you continue to lie about Schiff crap the is not legal. Be yourself like you used to be. That's why your # 1 da . Your watchers like me have had it

  21. I love art he's so smart and knows how to grow the economy get big fat govt off our backs and out of our paychecks

  22. Your news channel and all the other news channel let our President down bunch of traitors and I even have a bag full of names for crusty people like you

  23. if the markets hit 5000 then that is going to be a absolute massive tax windfall for the government many trillions trump is going to drive that revenue he could get enough to pay the national debt its crazy lol america is back in business

  24. Exactly, economy is very inportant! When your stomatch is empty and your pocket burned you are "handycap" right? Vote for president DONALD TRUMP 2020..

  25. Fox News is confusing ! Sometimes they lean to the right then the left then the middle then up and down , can't watch them anymore, OANE news is the best for truth News

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