US prepares to hit the wall as reckless Trump undoes years of hard work

The president’s $1tn tax cuts gamble hasn’t worked – the House of Representatives has been lost, the economy has imploded and the stock market has tanked

The accomplishments of a US president’s first year in office can be credited to his predecessor, at least where the economy is concerned. And Donald Trump was handed the best performing economy on the planet. All the tough decisions – to refinance the banks, rescue the car companies and deflate the real-estate bubble – had been made. The stock market was tearing along, setting records almost every week.

Trump gave this rising balloon extra air with $1tn of tax cuts. It was borrowed money, but no matter. The economy sailed along for another year and the stock market carried on rising. His plan was to win the midterm congressional elections and then persuade the Republican party to give him another $1tn, or as near to it as possible.

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Source : US prepares to hit the wall as reckless Trump undoes years of hard work