https://www.cnbc.com/2018/09/07/how-trum...-fire.html
"How he did it
Trump's economic program was very simple: an attack on taxes and regulations with an extra dose of spending on infrastructure and the military that would create a supply shock to a moribund economy.
On the tax side, the White House pushed through a massive $1.5 trillion reform plan that sliced the highest-in-the-world corporate tax from 35 percent to 21 percent and lowered rates for millions of taxpayers, though the cuts for individuals will expire in 2025.
On deregulation, Trump ordered that rules be pared back or eliminated across the board. During his time in office, Congress has cut back on the Dodd-Frank banking reforms, particularly in areas affecting regional and community instiuttions, rolled back a multitude of environmental protections that he said were killing jobs and took a hatchet to dozens of other rules. (The left-leaning Brookings Institution think tank has a rolling deregulation tracker that can be viewed here.)
During the first year of his administration, "significant regulatory activity" had declined 74 percent from where it was in the same period of the Obama administration, according to data collected by Bridget Dooling, research professor at GW's Regulatory Studies Center.....
....In addition to expected deregulation benefits, there's also anticipation that the true benefits of tax cuts have yet to kick in. Mick Mulvaney, the OMB head, recently told CNBC that he attributes the bulk of new economic growth to deregulation rather than the tax cuts, whose benefits he expects to come later.
"It's still too early to tell. We haven't seen any of the multipliers yet from tax reform," said Jacob Oubima, senior U.S. economist at RBC Capital Markets. "We have enough in terms of ammunition to put in 3 percent growth for the rest of this year and even all of 2019, but we haven't seen sort of this spike in activity yet."...
...With mid-term elections fast approaching, Trump's economic record will be front and center. The strong performance could bolster Republicans' hopes as the GOP tries to hold onto control of both the House and the Senate.
So far, though, the experts have gotten it wrong about Trump.
LaVorgna, the Natixis economist, said the final verdict in assessing the Trump performance is yet to come.
When Obama took criticism for the performance during his years, he often blamed obstructionist Republicans.
If the economy falters now, Trump will have no one to blame but himself.
"It's very hard to disentangle all these effects," he said. "If we do get 3 percent growth, which we haven't had since 2005, you have to give credit where it's due. Whether it lasts, who knows?"
So here's the deal. Another article I read today said Republicans give Trump 90% approval on handling of the economy while Dems only give a 20% approval. I take that to mean that democrats are reluctant to give Trump credit where credit is due. The real question is how those democrats will vote in November. Now I'm not saying many will vote for Trump, but I wouldn't be surprised if a good number simply stay home, choosing not to upset the apple cart so to speak rather than risk putting democrats in control of the house which would inevitably lead to obstruction and a faltering economy. I'd love to see a very simple one-question poll leading up to the election. "Overall, are you better off than you were prior to Trump winning the 2016 presidential election?"
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CNBC - Trump has set economic growth on fire. Here is how he did it
