so it s very questionable as to why they the republicans keep going here. still ahead it s a personality cult or just blind loyalty. still ahead on morning joe, there s always a tweet when barack obama was president, donald trump thought 1.9% growth meant the economy was in deep trouble. well, listen, that s really bad and i m sure donald trump is glad that he doesn t have an economy growing at 1.9%. that would be really bad. yeah. no, actually, he calls that the greatest economy in american history. these days he believes the same number signals the greatest economy. so ratner s going to help us straighten this out. yeah. you re watching morning joe. 1.9. we ll be right back. ing joe. 1.9. we ll be right back. as a struggling actor, i need all the breaks that i can get. at liberty butchemel. cut. liberty mu. line? cut. liberty mutual customizes your car insurance
does that mean people are holding on to the money because of why? thank you, willie, for a good question. [ laughter ] wee! they are holding on they are holding on to the money first and foremost because of donald trump s trade war, which has caused business to say, let s just pull back, let s hold off, let s see what s going on here before we rush out and spend a lot more money on plants and equipment. and so he has only himself to blame for those two blue bars on the right that go down. now, can we turn to joe s favorite subject, which is federal spending. so, joe, you can see here over on the left that all the way wow. that blue line was the recession fighting spending that barack obama approved. then you can see the cut back, the sequestration, all the stuff we remember. blue line falls into negative
totally romulous there, willie. by the way, why would anybody be so unself-aware as to even throw that question to romulous? you can t be that unself-aware, right? i think he s just trolling right there. when you just said about hunter biden the exact thapg describes you, that without your name you wouldn t have the status you have or the money you have. but hunter biden s a piker compared who to what romulous has done with his name. we have a new name for him. come back to morning joe. willie, joe, and me here thursday, october i think that s a hash tag. jonathan lemire donulous. jonathan, are you a succession fan? huge fan. i don t think donald trump jr.
business investment. wait, wait, wait, steve. i m confused because he s the deal maker. i m really confused, help me out here i m just a poor country lawyer. you about i thought and we were told yeah. and all republicans promised us that if they cut taxes for the richest people in america and multinational corporations, that that would spur investment. now, of course, i don t know a whole lot about economics so i was saying they re going to waste some money on stock buybacks and that actually this tax cut actually wasn t tailored to inspire investment. but all the smart republicans and all the right wing economists said it would spur investment. but could we put the chart back up, because i m confused. i m so deeply confused this halloween morning that it looks like investment is actually plummeted since donald trump s tax cut. so you ve got you can see those three blue bars in the middle.
it comes after the president s extraordinarily reckless spending free. a spending spree that even rand paul said was the most reckless in american history. he couldn t vote for donald trump s budget. then of course that massive tax cut for corporations and the richest people in america, massive tax cut, that gutted actually a lot of deductions for small business owners, that was supposed to energize the economy. it s had the opposite effect and, of course, we now have a $22 trillion national debt because of it. all that s true, joe. so maybe you want to do my charts for me. you ve got all the talking points. but i ll i ll chime in. let me start, because we went out with a donald trump tweet, i ll come in with a donald trump quote from december, 2017, when he said, so we re at 3.3% gdp, i see no reason why we don t go to 4%, 5%, or even 6%. and instead of that, we are at