, 6 tweets, 1 min read Read on Twitter
If you tell me we’re going to experience lower taxes & reduced regulation, I’ll tell you the economy will improve.

GDP will move up, the jobless rate will fall & stock markets will move up.

Every. Single. Time.

Financial markets hate regulations even more than they hate taxes.
Financial markets hate regulations for two primary reasons:

1) Regulations are costly – the hidden costs of regulations exceed even those of taxes.

2) A regulatory-heavy environment introduces uncertainty – which corporations, CEOs and markets abhor.
Obama personally ushered in the greatest level of needless regulation this country has ever seen.

Which is exactly why Obama never saw 3% GDP.
The Federal Register is the depository of rules and regulations.

Of the ten all-time-highest annual Federal Register page counts, seven occurred under President Obama.
In 2016, Obama shattered his own previous record by issuing 97,110 pages of regulations – 15,705 pages more than the previous all-time high of 81,405 pages that Obama “achieved” in 2010.
You have to laugh when some credit Obama for our current economy.

The simplest answer to that nonsensical argument is the fact that President Trump reversed Obama's economic policies.
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