Trump’s multi-trillion-dollar giveaway to the richest Americans and
largest US corporations led to a rise in GDP, but it was a short-lived
sugar-high: the major effect was a trillion dollars in stock buybacks
that padded the bottom lines of super-rich investors who barely touch
the real economy (you can only own so many super-yachts and operating
costs are funneled through offshore flags-of-convenience anyway).
But investment in “factories, software and new equipment” only rose modestly for a single quarter, and has now fallen again.
