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Rates. they were 18%. right. or higher, when reagan took office. they cut that in half. down to 9%. what are we at now? 1%? that was enormously powerful. rp to the current stock market boom, it may be more powerful. put the s&p 500 up since 2009. pretend you re a company here. going on since march of 2009. you have if you re a ceo of a company, stock price going up. profitability very high. your cost of capital, because of interest rates you talked about, is virtually nothing. so what are we looking to solve here? because companies in america are not having a problem. that s right. i think you point offed out, just now, something extremely important. the the trump administration is promising a huge capital spending boom that will be so ....
Because you know i love this stuch. i cannot wait to actually get my teeth into whatever s in that bill. thanks a million. garrett haake on capitol hill. republicans are working towards a $1.5 trillion tax cut that they promise is going to jump-start the economy, but an economic expert says there s no evidence a tax cut now would spur growth. bru this man was saying cutting taxes grows the economy proven by the positive impact reagan s tax cuts had on the economy, or so we thought. bartlett calls this a myth. a piece wrote in september for the washington post he said trump is wrong. tax cuts don t equal growth and lloyd out the other factors that contributed to the rising economy in the 80s. that is a magical term. the other factors. there are always other factors even if the economy is going um, even if it s going down, or up, ....