No, Trump didn't invent 'prime the pump'

No, Trump didn't invent 'prime the pump'

No, Trump didn't invent 'prime the pump'

President Trump offered a simple justification for tax reform: "priming the pump". Trump just repeats that his plans will be great for everybody, that more and more people love it, and, impossible as it sounds, that it's getting better and better all the time. Trump asked. "Because I haven't heard it".

Mr Trump's economic philosophy is one of "self-respect as a nation", he told The Economist, in which America's trade deficits are at or near zero, tax is favourable to business and no country can "take advantage" of the U.S. through worldwide arbitration courts.

Trump said he was fine with the increase because it would be essentially "priming the pump" - a practice that involves government spending to stimulate the economy (and a phrase Trump said he coined, though Quartz has a different view). His sentences ramble on with no discernable point, he conjures up words that you won't find in any dictionary, and his lack of political correctness is laughable.

"I came up with it a couple of days ago and I thought it was good", Trump told "The Economist" magazine in an interview published Thursday. Trump asked the Economist.

However, the now-popular phrase, "priming the pump" appeared to be used 13 years before he was even born.

Most hilariously, though, Trump, who has used the phrase in previous months, managed to deny credit to his own past self, saying, "I mean, I just". We got 96 million people out there. We just need to find out who. "You know if I ever stop wanting to pay the subsidies, which I will". "I think he likes me a lot ... he's a great guy" - and instead I'll skip right to the end where he wandered into addressing the charge that he broke a campaign promise when he declined to label China a currency manipulator.

Treasury Secretary Steven Mnuchin interjected during the interview that the administration believes its proposals can generate $2 trillion in revenue over the next decade. "In fact, the entire deal hinges on the idea that states will be allowed to pick and choose which Obamacare regulations they want to keep within their borders".

President Trump: I might release them after I'm out of office.

The President first said he doubted he would do it, and insisted that "nobody" cared about his returns "except the media".

You can read a full transcript of The Economist's interview here.

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