William Thien

Archive for January 23rd, 2018

If you examine the chart of historical stock market activity, you can see a direct effect upon the stock market demonstrating that Reagan’s two major tax cuts, The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986 improved market performance over the long run. There is in fact a constant uptick with the occasional correction but the trend is generally upwards and at times rather steeply.

http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

Let’s hope Trump’s tax cuts have the same effect.

Aside from the tax cuts, I was not a big fan of Reagan. He re-invigorated the drug war and changed the model from treatment to incarceration at great cost to the taxpayer and society. It was as if he was doing the dirty work for the drug cartels who wanted drugs to remain illegal while having a negative social impact. Such an approach romanticized drug use and actually fueled violence. It was an unforgivable approach that all the tax cuts in the world couldn’t reverse.

Let’s hope Trump’s administration doesn’t follow suit.

Copyright © William Thien 2018

Sign up to receive updates. It’s easy and safe. Just go to the upper right hand corner of this page and add your email address. We will never sell your contact information to anyone.

Were I to give Donald Trump and his handling of the presidency so far a letter grade or a series of stars, I’d have to say he’d be in that “A” letter grade range, definitely four and a half out of five stars.

Aside from a few pieces of legislation which will have to be reversed somehow, such as letting corporations trade your personal internet history and activity data freely (which is huge), and another which I will refrain from discussing now that pertains to public education, I’d say he is doing exactly what those who voted for him asked him to do. That is a major diversion from past presidents of whatever party. We can all agree on that.

Also, while the Never Trumpers have focused all of their anger at Trump, he hasn’t once said that I can recall in retort but I wouldn’t blame him if he did, “well I’m just doing what I was elected to do.” In other words, he is protecting his charges, those who voted for him. That’s called guts. You really can’t ask for me than that.

The guy is a fighter.

Copyright © William Thien 2018

Sign up to receive updates. It’s easy and safe. Just go to the upper right hand corner of this page and add your email address. We will never sell your contact information to anyone.

 

 


Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Find by month

Find by date

January 2018
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
Follow William Thien on WordPress.com
%d bloggers like this: