Economists Hilariously Over-Predicted Economic Growth Under Obama

[bripat9643]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

The economy is following all the trends started with Obama. I'm not sure you have noticed but there has been nothing passed that would significantly change the economy. It is still the Obama economy.

Trump repealed a lot of Obama's damaging regulations that would have cost American companies trillions of dollars. That's why the economy is growing, and why it didn't grow under Obama.

Thats funny cause the trends really haven't changed. So please share some specific regulations that were so damaging.

Obama's "Clean Power Plan." It hadn't gone into effect by Trump's innauguration.

What trends haven't changed? Our economic growth rate certainly reached a new low under Obama

 

[sealybobo]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

U.S. Economic Growth Slowed In 2019 To 2.3%

You should be fucking embarrassed

U.S. Economic Growth Slowed In 2019 To 2.3%

 

[sealybobo]

Granny says, "Dat's right - the Donald is good for dis country...

U.S. GDP Beats Expectations, Growing At 3 Percent
October 27, 2017 - The U.S. economy grew faster than analysts had expected in the third quarter of 2017, with the Bureau of Economic Analysis saying America's real gross domestic product increased at 3 percent — below the 3.1 percent rise in the previous quarter, but showing resilience in the face of debilitating hurricanes.

"Together they represent the fastest six-month period of growth since 2014,' NPR's John Ydstie reports. He adds, "Economic growth has reached or exceeded the 3 percent rate a number of times during this recovery, but the economy hasn't been able to sustain that pace." The growth "was supported by consumer spending and business investment," the BEA says. Its report also cites positive data in exports and federal government spending. Welcoming the news,

White House press secretary Sarah Sanders said via a statement, "With unemployment at a 16-year low, the stock market at new highs and economic confidence soaring, the U.S. economy is surging under this President's leadership." Sanders added that for growth to continue, Congress should adopt the Trump administration's approach to changing the tax code. Analysts had predicted a possible slowdown, after Hurricanes Harvey, Irma and Maria brought extensive problems and slowed economic activity in Texas, Florida, Puerto Rico and other areas.

Before those catastrophic storms hit, economists had been expecting an even stronger showing for the third quarter — as high as nearly 4 percent, according to the Atlanta Federal Reserve Bank's GDP Now forecast. Reporting on Friday's numbers, John says that a big surge in inventories added by businesses was the main reason third-quarter growth exceeded expectations.

U.S. GDP Beats Expectations, Growing At 3 Percent

Isn't this when Trump gave away all the tax breaks? We will be paying for those tax breaks for years to come. Our great grandkids will be paying for it too. And how effective were those tax breaks? They only lasted about a year. 2 years later and where are we?

U.S. Economic Growth Slowed In 2019 To 2.3%

2.3% growth in 2019? Candidate Trump would say President trump sucks balls.

 

[easyt65]

U.S. Economic Growth Slowed In 2019 To 2.3%
- You should be fucking embarrassed

Why?

Trump has created the strongest economy with more success than any President in the last 50 years and did things Barry claimed were impossible to do:

 

[edthecynic]

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."
The Obama 'Legacy' is being factually corrected by history ...

Tramp predicted 4 to 6% GDP growth and never hit above 2.8%. 2019 GDP growth was 2.3%.

The Tramp 'Legacy' is being factually corrected by history ...

 

[LAUGHatLEFTISTS]

The only thing funnier than leftists explaining Russian collusion is leftists explaining economics.

 

[Brain357]

The only thing funnier than leftists explaining Russian collusion is leftists explaining economics.

Yeah the right is so great at economics that trump has used their whole economic growth playbook and he can't hit 3%. That's with trillion dollar deficits and a historically low rate from the fed. Pretty pathetic.

 

[LAUGHatLEFTISTS]

The only thing funnier than leftists explaining Russian collusion is leftists explaining economics.

Yeah the right is so great at economics that trump has used their whole economic growth playbook and he can't hit 3%. That's with trillion dollar deficits and a historically low rate from the fed. Pretty pathetic.

You must be a huge Paul Krugman fan.

 

[Mac1958]

So the spinning over being stuck at 2.1%, even with all that spending and Fed intervention, appears to be at full speed now.

 

[LAUGHatLEFTISTS]

Please explain all that spending?
Please explain fed intervention?

 

[edthecynic]

Please explain all that spending?
Please explain fed intervention?

Ahhhhhh, the perpetual DUMB act again!