Vote by Number

In my day job, I'm a number cruncher.  Here are some recent charts that I picked up off the twitter feed of the economist Steven Rattner.  I included his tweet comment with each chart he shared. 


(5/8/18):
"A future of debt...not brought on by financial crisis or recession, but by Trump policies."




(5/10/18):
"Evidence that the tax cut is working: Record buybacks."

(5/11/18):
"Wage growth continues to surprise to the downside-a disappointment give the sub-4% u rate."  Meaning the sub 4% unemployment rate.

(5/11/18)
"Higher gas prices on track to wipe out half of tax cut benefit; low income hit the hardest."

(5/16/18):
The next tweet was from Tyler Evilsizer that included the chart. Mr. Rattner had re-tweeted Mr. Evilsizer's tweet.  "Rattner's testimony at Ways & Means hearing -- most growth estimates for the tax bill are very similar to CBO (and far short of the .4% that supporters said would pay for the bill).

(5/17/18):
"Growth required to balance the budget/10y: 4.8%/yr on avg or 5.9% if tax cuts/spending was extended.  CBO is calling for 2% growth."

(5/18/18):
"Equities have added $22tln in value since '09 while workers' share of biz income is still stuck near record lows."

It might be wise for all of us to pay attention to the numbers when making our choices for elected officials this fall.