President Trump frequently touts the strong economy as one of his great achievements, and he will likely do so again in his State of the Union address Tuesday. Nearly a year ago, Trump pushed massive deficit-financed tax cuts through the Republican Congress that temporarily juiced up the economy. Growth now, as the stimulus wears off, has slowed to where it was prior to the tax cut. The president also argued that the tax cuts would pay for themselves. The rest of the global economy is also suffering fallout from the trade war, which is blowing back on us.

Source: CNN February 05, 2019 13:47 UTC