CBO Cuts U.S. Growth Forecast Amid Warnings on Trade Spats

[McRocket]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

 

[McRocket]

Also, the non-partisan CBO forecasts a 2020 Real GDP growth rate of only 1.7%.

Pretty pathetic.

From the CBO report:

An Update to the Economic Outlook: 2018 to 2028 | Congressional Budget Office

 

[ABikerSailor]

Wait a minute...................didn't Trump and his cronies say that the growth wasn't just a one time thing, but rather something that was sustainable and would last a long time?

Did he lie again?

 

[imawhosure]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

Wait a minute...................didn't Trump and his cronies say that the growth wasn't just a one time thing, but rather something that was sustainable and would last a long time?

Did he lie again?

Hey, I got a question for both you brilliant people------------> Can you remind us what the CBO said the economy would grow at during the 2nd term of Obama-) Hurry now, give us the BRILLIANT report on what they projected, lol!

 

[Siete]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

Wait a minute...................didn't Trump and his cronies say that the growth wasn't just a one time thing, but rather something that was sustainable and would last a long time?

Did he lie again?

Hey, I got a question for both you brilliant people------------> Can you remind us what the CBO said the economy would grow at during the 2nd term of Obama-) Hurry now, give us the BRILLIANT report on what they projected, lol!

here idiotboi -it did grow

• The economy gained a net 11.6 million jobs. The unemployment rate dropped to below the historical norm.
• Average weekly earnings for all workers were up 4.0 percent after inflation. The gain was 3.7 percent for just production and nonsupervisory employees.
• After-tax corporate profits also set records, as did stock prices. The S&P 500 index rose 166 percent.
• The number of people lacking health insurance dropped by 15 million. Premiums rose, but more slowly than before.

yada yada yada ---

dumbass RW's could care less, they just eat the shit Trump feeds them and grin ..............

 

[Rambunctious]

The hate Trump establishment congressional budget office???? When was the last time the CBO was correct?....answer never....

 

[depotoo]

https://www.cbo.gov/sites/default/files/111th-congress-2009-2010/reports/01-07-outlook.pdf

 

[McRocket]

The hate Trump establishment congressional budget office????

'CBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation. CBO does not make policy recommendations, and each report and cost estimate summarizes the methodology underlying the analysis. Learn more about CBO's commitment to objectivity and transparency.'

Introduction to CBO | Congressional Budget Office

When was the last time the CBO was correct?....answer never....

OMB Director Mick Mulvaney Says CBO Was Right After All

Don't you Trumpbots EVER get tired of being proven wrong SO often?

Apparently not.


We are done here.

Have a nice day.


Once again, I am neither Dem nor Rep.

 

[Rambunctious]

'CBO is strictly nonpartisan; conducts objective, impartial analysis;

I call bullshit to that....but my main point is they are never correct...I can't remember one of their predictions coming to be.....not one....

 

[eagle1462010]

The Sky is falling........RUN.........

 

[Siete]

'CBO is strictly nonpartisan; conducts objective, impartial analysis;

I call bullshit to that....but my main point is they are never correct...I can't remember one of their predictions coming to be.....not one....

since 1975 RW's have dissed the CBO - of course their crystal ball is more accurate than any non partisan think tank .........

 

[Rambunctious]

since 1975 RW's have dissed the CBO - of course their crystal ball is more accurate than any non partisan think tank ........

Their predictions are always wrong number 7....they are used for news making and mind changing only....think about it....congressional...who besides progs hates Trump more than the swamp?....

 

[Siete]

since 1975 RW's have dissed the CBO - of course their crystal ball is more accurate than any non partisan think tank ........

Their predictions are always wrong number 7....they are used for news making and mind changing only....think about it....congressional...who besides progs hates Trump more than the swamp?....

theyre in the predicting business - they dont have the same favorable odds as casino does.

like I said, since 1975 ............................

 

[danielpalos]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

thanks for all of the friction instead of all of the liquidity, right wingers.

 

[Rambunctious]

theyre in the predicting business - they dont have the same favorable odds as casino does.

Well they have zero credibility with me....you don't have to kick me in the head....

 

[imawhosure]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

Wait a minute...................didn't Trump and his cronies say that the growth wasn't just a one time thing, but rather something that was sustainable and would last a long time?

Did he lie again?

Hey, I got a question for both you brilliant people------------> Can you remind us what the CBO said the economy would grow at during the 2nd term of Obama-) Hurry now, give us the BRILLIANT report on what they projected, lol!

here idiotboi -it did grow

• The economy gained a net 11.6 million jobs. The unemployment rate dropped to below the historical norm.
• Average weekly earnings for all workers were up 4.0 percent after inflation. The gain was 3.7 percent for just production and nonsupervisory employees.
• After-tax corporate profits also set records, as did stock prices. The S&P 500 index rose 166 percent.
• The number of people lacking health insurance dropped by 15 million. Premiums rose, but more slowly than before.

yada yada yada ---

dumbass RW's could care less, they just eat the shit Trump feeds them and grin ..............

Your a damn fool, and can NOT read worth a damn either!

I did NOT ask you what the Obama economy actually did, I asked what the CBO projected it WOULD DO. Next time, read before you write!

 

[g5000]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

The CBO has also projected Trump will be creating trillion dollar deficits soon.

He's on track to bust Obama's record debt wide open.

 

[ABikerSailor]

'The Congressional Budget Office slightly lowered its forecast for U.S. economic growth for this year, and warned of increasing uncertainty from American plans to widen tariffs.

The U.S. economy is projected to expand 3.1 percent this year, down from a previous forecast in April of 3.3 percent, the non-partisan group said in a report on Monday. The expansion will ease to 2.4 percent in 2019, unchanged from April’s projection, on slowing growth in business investment and government purchases, the CBO said.'

Terms of Service Violation

Interesting.

The CBO has also projected Trump will be creating trillion dollar deficits soon.

He's on track to bust Obama's record debt wide open.

If it wasn't so sad, I would have given you a funny and agree, but unfortunately, you might be right, and there is nothing funny about that.

I do however agree completely with your statement.

 

[grainbely]

Wait a minute...................didn't Trump and his cronies say that the growth wasn't just a one time thing, but rather something that was sustainable and would last a long time?

Did he lie again?

Yep they are doing a bunch of stuff right now when things are good then are going to clutch their cash and wait to capitalize on disruption if at all. Wages wont have increased and demand wont have increased enough for continued growth.

 

[ABikerSailor]

Wait a minute...................didn't Trump and his cronies say that the growth wasn't just a one time thing, but rather something that was sustainable and would last a long time?

Did he lie again?

Yep they are doing a bunch of stuff right now when things are good then are going to clutch their cash and wait to capitalize on disruption if at all. Wages wont have increased and demand wont have increased enough for continued growth.

Don't forget about the tariffs. They are just now starting to affect people here in the US, and there are more threatened from other places like Turkey, which will cause even more pressure on the economy.