Surprise! Steve Mnuchin's Budget Plans Are Voodoo Economics!
Now that the Republicans are in charge of the economy....
Seriously, you don't even have to read between any lines in this interview with Steve Mnuchin, Trump's Investment Banker Treasury Secretary. He says it in plain language.
1. He treats the stock market as a "report card" for the Trump administration until it goes south.
Steve Mnuchin says market is a "report card" for an administration. Market gained 235% during #Obama admin Is that an A+? #obamalegacy
— Ty Cox (@_21stCenturyCox) February 23, 2017
2. He is committed to his bong pipe projection of 3% growth for the US economy.
I'd put a lot more faith in Mnuchin's 3% growth promise --if we weren't deporting service workers and killing int'l tourism
— Daniel Gross (@grossdm) February 24, 2017
3. His tax cut proposals will use "dynamic scoring." Which is another word for the Laffer Curve. Imaginary "tax cuts will grow the economy" BS. Same as Bush.