Armstrong Economics Blog/2016 U.S. Presidential Election
Re-Posted Sep 27, 2016 by Martin Armstrong
Well of course the press has made it known that their verdict on the first U.S. presidential debate is that Hillary Clinton “won”, yet Donald Trump didn’t lose badly enough to really change anything. Hillary avoided offering to produce her emails and Trump was playing Mr. Nice Guy while Hillary was negative and nasty. The roles did switch. Otherwise, it was a rather non-event with Hillary claiming “trickle down” economics failed and she will raise taxes on the rich which she does not define as household income of $250,000. She had no plan to cut taxes to bring back more than $2 trillion in cash corporate keep offshore. Economic growth increased with Reagan and has declined ever since raising taxes. Hillary said students should get a better deal, and Trump missed the opportunity to point out it was the Clinton Administration that made student loans not dischargeable. There are cases where a student dies and the parents must still pay.
