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Politics

Thanks for responding - sm

Posted: Dec 27th, 2017 - 12:27 am In Reply to: Just a few - thoughts on this

You write:
"AT&T gave 2 million dollars to help get Trump elected. I do realize companies do donate to one party or the other but still they could have rewarded their employees before Trump was elected since they already earned a lot of money in profits."

Can you reference this? The article below is the closest I could find. But it says AT&T donated $2 million to Trump's inaugural committee, not his election. I'm not sure why that would be significant. The article also says they gave Obama $3 million. It sounds more like they're just trying to kiss up to whoever the new president is.

http://thehill.com/policy/technology/329484-att-gave-2-million-to-trumps-inaugural-committee

This is the statement from your previous post that I was calling a theory:
"In the course of the great improvement of the economy under Obama (his budget was in effect until 2 months ago, I believe, in October) and the 75 straight months of job growth under Obama, it is only fitting that companies have to raise their wages."

I actually agree more with your most recent version. Specifically, that the economy was primed to improve under Obama, but Trump brought it about by cutting taxes and removing Obama-era regulations.

I'm not sure I agree with the opinion that we'll live to regret some of those decisions. Some of Obama's "environmental" regulations were specifically designed to hurt industries he didn't like, such as coal and oil. The he had the EPA and Justice Department enforced those regulations as law. In that environment, it's easy to see why companies laid low until he was out of office. It's also easy to see why Trump made so many reversals to those policies. In a way, Obama made it easy for Trump to succeed. If Obama had convinced Congress to make those regulations into law, Trump would have had a much tougher time undoing them.

Like you, I do worry about the stock market. But my worries started during the Obama years with all the Qualitative Easing he did. Since I haven't heard anything about Trump stopping those policies, I'm still worried. I'm not sure how increases in the stock market lead to inflation, but I do see how Qualitative Easing can cause inflation.

Well, I think we've strayed sufficiently far from the original topic of whether trickle down actually happens or not. But I did want to thank you for responding in a civil and respectful manner. Until we discuss again... :)

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