John Maynard … Trump? President’s tax cuts, spending spree evoke liberals’ favorite economist

Republicans use government to turbocharge U.S. economy

MarketWatch/Jeffry Bartash/2-9-2018

“The theories of John Maynard Keynes — using the government to turbocharge the economy — are apparently alive and well thanks to a Republican party historically hostile to the early 20th-century British economist. President Trump on Friday signed a two-year bill that busted prior budget caps and boosts federal spending by an additional $300 billion. The bipartisan plan, championed by House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell, follows on the heels of massive cuts in personal and corporate tax rates, the centerpiece of Trump’s ‘Make America Great’ blueprint.”

MK note:  Hmmmmm. And we haven’t even gotten around to infrastructure yet.

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