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

Discussion in 'Economy' started by McRocket, Aug 13, 2018.

  1. McRocket
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    McRocket VIP Member

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    '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.
     
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  2. McRocket
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    McRocket VIP Member

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  3. ABikerSailor
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    ABikerSailor Diamond Member

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    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?
     
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  4. imawhosure
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    imawhosure Platinum Member

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    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!
     
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  5. Siete
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    Siete Gold Member

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    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 ..............
     
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  6. Rambunctious
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    Rambunctious Gold Member

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

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  8. McRocket
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    McRocket VIP Member

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    '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

    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.
     
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  9. Rambunctious
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    Rambunctious Gold Member

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    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....
     
  10. eagle1462010
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    eagle1462010 Platinum Member

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