Q1 2019 watch - if under 3.0% - where is Trump’s economic miracle - can Trump beat O’s 2.9% ever?

[NotfooledbyW]

Toddsterpatriot, post: 22166253

Weakest recovery since WWII

The structural foundations of the economy have been transformed immensely since WWII. If you want to argue that the labor market, communication technology, automation, rust belt foundries and heavy industries, global trade, service economy vs manufacturing economy, women in the workforce. etc etc etc have not changed at all since WWII you go for it.

Most know you are an idiot already anyway. But keep up with the good idiocy.

 

[NotfooledbyW]

The National Association of Manufacturers estimates the U.S. economy would lose $2.5 trillion in GDP over the next decade if the 2.4 million jobs are not filled.

Jitss617, post: 22166254

We have many Americans for the job

How many?

• Why should we care?The National Association of Manufacturers says the problem of not being able to hire qualified workers is getting worse as the unemployment rate drops and the labor market tightens and baby boomers retire.
• Those are problems facing the economy at large, not just the manufacturing industry. And if jobs go unfilled, that's lost economic potential.
• The National Association of Manufacturers estimates the U.S. economy would lose $2.5 trillion in GDP over the next decade if the 2.4 million jobs are not filled.

Manufacturers say their worker shortage is getting worse. Here’s why

 

[Jitss617]

The National Association of Manufacturers estimates the U.S. economy would lose $2.5 trillion in GDP over the next decade if the 2.4 million jobs are not filled.

Jitss617, post: 22166254

We have many Americans for the job

How many?

• Why should we care?The National Association of Manufacturers says the problem of not being able to hire qualified workers is getting worse as the unemployment rate drops and the labor market tightens and baby boomers retire.
• Those are problems facing the economy at large, not just the manufacturing industry. And if jobs go unfilled, that's lost economic potential.
• The National Association of Manufacturers estimates the U.S. economy would lose $2.5 trillion in GDP over the next decade if the 2.4 million jobs are not filled.

Manufacturers say their worker shortage is getting worse. Here’s why

We have many. Look at African American neighborhoods and rural areas, look at Europe

 

[Hellokitty]

He will crush it if congress approves his trade deals

What trade deals? NAFTA 2.0 is the only one's he's done. Canada was the big winner in that one. The US got nothing.

Um, Canada got screwed with the USMCA deal...

You just proved you do not have nary a clue what is actually in the deal.

'Prime Minister Justin Trudeau. There might not be a lot of love lost between Trump and Trudeau, but in the end, Trudeau didn’t cave much on his key issues: dairy and Chapter 19, the treaty’s dispute resolution mechanism. Trudeau held out and got what he wanted: Canada’s dairy supply management system stays mostly intact, and Chapter 19 remains in place, a win for the Canadian lumber sector. On dairy, Canada is mainly giving U.S. farmers more ability to sell milk protein concentrate, skim milk powder and infant formula. On top of the substantive issues, Trump went out of his way to criticize the Canadian negotiating team in the final days of deliberations, which Trudeau can play up as a sign of just how hard his staff fought on this deal.'

Winners and losers of the ‘USMCA’ trade deal

PLUS, it looks like Canada will not even ratify it.

Bloomberg - Are you a robot?


I suggest you stick to whatever the hell it is you do know.

Because USMCA AIN'T it.

Have a nice day.

Canadian Economy Halts – GDP Growth Drops to 0.1 Percent, and No-One Is Talking About Why…

Within the new USMCA the critically important NAFTA loophole was closed.

Over the past three decades both Canada and Mexico structured key parts of their independent trade agreements to take advantage of their unique access to the U.S. market. Under the existing NAFTA, Mexico and Canada generate billions in economic activity through exploiting the NAFTA loophole.

China, Asia (writ large), and the EU enter into trade agreements with Mexico and Canada as back-doors into the U.S. market. So long as corporations can avoid U.S. tariffs (and rules of origin that pertain to those tariffs), by going through Canada and Mexico they would continue to exploit this approach.

By shipping parts to Mexico and/or Canada; and by deploying satellite assembly facilities in Canada and/or Mexico; China, Asia and to a lesser extent EU corporations exploited a NAFTA loophole for rules of origin on finished goods.

Through a process of building, assembling or partially manufacturing their products in Mexico/Canada those foreign corporations could skirt U.S. trade tariffs and direct U.S. trade agreements. The finished foreign products entered the U.S. under NAFTA rules.

Why deal with the U.S. when you can just deal with Mexico, and use NAFTA rules to ship your product directly into the U.S. market?

This exploitative approach, a backdoor to the U.S. market, was the primary reason for massive foreign investment in Canada and Mexico; it was also the primary reason why candidate Donald Trump, now President Donald Trump, wanted to shut down that loophole and renegotiate NAFTA.

At the conclusion of Round #6, just before giving up on Chrystia Freeland for good, this was the direct issue at the heart of a very frustrated U.S.T.R. Lighthizer’s strongly worded response to Canada:

[…] In another proposal, Canada reserved the right to treat the United States and Mexico even worse than other countries if they enter into future agreements. Those other countries may, in fact, even include China, if there is an agreement between China and [Canada]. This proposal, I think if the United States had made it, would be dubbed a “poison pill.” We did not make it, though. Obviously, this is unacceptable to us, and my guess is it is to the Mexican side also. (read full remarks)

This loophole was the primary reason U.S. manufacturers relocated operations to Mexico. Corporations within the U.S. Auto-Sector could enhance profits by building in Mexico or Canada using cheap parts imported from Asia/China. The labor factor was not as big a part of the overall cost consideration as cheaper machined parts and imported raw materials.

If the U.S. applied the same tariffs to Canada and Mexico we apply to all trade nations, then the benefit of using Canada and Mexico -by those trade nations- is lost.

Corporations will no longer have any advantage, and many are likely to just deal directly with the U.S. This was the reason Trump, Lighthizer and Ross to retained Steel and Aluminum tariffs on Canada and Mexico until they agreed to the new USMCA rules.

When Trump took away the flawed NAFTA market access; and when Trump removed the ability of Mexico and Canada to broker themselves for economic benefit; there was no longer a financial benefit behind corporations investing in Canada. Under a binding trade pact between the USMCA partners, the NAFTA flaw is closed.

As a direct outcome billions of investment dollars are now being removed from any future consideration into Canada.

That’s the overarching reason for the Canadian GDP to halt.

Here’s the proverbial $64,000 question: Can Canada re-engineer their economy and actually begin to “make” products again, not just simply “assemble” foreign products from other nations?

• Can Canada reverse three-decades of specifically structured economic policy decisions that were centered around this “assembly” (brokered) economy?
• Can the environmentalists be put back into a box while heavy manufacturing and raw material development are reconstituted?
• Can the environmentalists allow natural resource development? Oil development, mining operations, lowered overall energy costs, etc?
• Can Canada somehow lower national energy costs so that Heavy manufacturing might consider restarting? (NOTE: heavy manufacturing requires massive energy use.)
• Can Canada find any industrial development investors who would be willing to take a chance on all the above?

See the problem?

The Canadian economy is not likely going to get better without a radical shift in Canadian political perspectives and outlook(s).

Then again, perhaps that’s really why Justin and Chrystia were so damned set on protecting their “cultural industries” (ie. media) from competition.

Think about it.

Canadian Economy Halts – GDP Growth Drops to 0.1 Percent, and No-One Is Talking About Why…

The Last Refuge is a joke of a site. They make FoxNews look like the Washington Post. Whatever they say means NOTHING to me.

'In review, The Last Refuge (Conservative Treehouse) reports news with a strong right wing bias with all stories favoring the right and denigrating the left.'

'Overall, The Last Refuge (Conservative Treehouse) far right biased and borderline questionable based on multiple failed fact checks. This source is one failed fact check from moving to the Questionable list.'

The Last Refuge (Conservative Treehouse) - Media Bias/Fact Check


I suggest you get a source that is UNBIASED...because if this is where you get your 'facts' - you are learning NOTHING.

Have a nice day.

LOL, MBFC is a joke, curious as to how many sites they bumped as far left based just based on their screw up on reporting the Covington Catholic story? That story alone should have bumped several left wing bias outlets to the Questionable list.

 

[AntonToo]

Toddsterpatriot, post: 22164598, He would still have to beat Obama’s 2.9 and he has not?

He doesn't need to break 2.9% to beat Obama's 1.6% average.

Wow you are a total partisan asshole.

Why the hell else would you compare 2009 middle of recession economy Obama was handed off to what Trump was given?

Middle of recession? The recession ended in June 2009.
Feel free to subtract Q1 2009 and Q2 2009 and get back to me with Obama's performance.

Feel free to go fuck yourself and your completely partisan bullshit.

Economy had to digest 8 trillion dollar loss at the end of the recession, what loss did economy need to get through in the past two years?

The growth pattern since Trump got into office is not very different from what we’ve had under Obama, which is in total contradiction what Trump was promising when he ran and pushed for 1.5 Trillion dollar tax-cut stimulus.

Weakest recovery since WWII, but Obama had no responsibility?
What a twat.

Whoop there you go again moving the goal posts because you don’t have any direct reply to what you quoted.

You could write a handbook on how to make dishonest arguments.

 

[NotfooledbyW]

No it's not. Trump took a sinking GDP (2.3 to 1.8) from Obama's last year, and raised it up to 4.2%.

Economic activity fluctuates wildly from qtr to qtr. Yearly growth provides a much better look at an economic trend.

No sinking economy preceded Trumpo.

The sinking is projecting to start in 2019.

The topic of this thread. What do you think about that?

 

[Jitss617]

What does trump have a magic wand?? lol

 

[NotfooledbyW]

easyt65, post: 22164734

Trying to discredit economic success while attempting to falsely claim them as Obama's at the same time is much worse ... and more humiliating, snowflake.

I’ve done neither. Why are you afraid to admit ttat Obama and Trumpo are currently tied at 2.9 % annual GDP growth for their best years to date?

 

[AntonToo]

Here’s the record thru 2018:
View attachment 254781

U.S. - GDP growth by year 1990-2017 | Statista

Trump and Obama are tied a 2.9 Best full year of GDP growth.

Do you think Trump’s Q1 this year will break the tie and boost Trump to 3.0 or more?

Do you believe Trump will ever get a full year of GDP growth this high?

View attachment 254787

Some experts - The liberal fake news WSJ is forecasting 1.4% for Q1.

• Economic Forecasting Survey - The Wall Street Journal. Economist Q&A. Forecast Edition: March 2019 ..... Projected: Q1 2019. 1.4%. Projected: Q2 2019. 2.6%. Projected: Q3 2019. 2.2%. Projected: ...

Trump supporters tell us your forecast?

What happens if Trump’s third year ends (GDP-wise) anywhere below Obama’s 2.9% in 2015?

According to Trump 2.9 is anemic and weak.

"Obama is the first president in modern history not to have a single year of 3 percent growth," Trump said during an Oct. 28 campaign rally in Manchester, N.H.

Trump's claim about Obama's weak economic growth is limited

Do you think Trump will be the second president in modern history not to have a single year of 3 percent growth,"

What does an “anemic” Trump do for Obama’s legacy?

• Moving forward, there are reasons to believe that growth will continue to be slower than was originally hoped. Annual U.S. GDP growth exceeding 3.0 percent, as experienced in the mid- to late 1990s and mid-2000s, is not expected to be attainable over the coming decade.

The U.S. economy to 2022: settling into a new normal : Monthly Labor Review: U.S. Bureau of Labor Statistics

Are we settling into a new normal that is not so horrible without 3% sustained GDP growth?

You fricken loons are, if nothing else, quite entertaining. You piss and moan month after month for the last couple of years, resisting everything and anything possible. Then you want to whine about GDP numbers not reaching a certain level. Why the hell don't ya try contributing for once in your stinkin life.

Moron, what the fuck makes you think we don’t contribute?

You are just making up bullshit because you know you can’t defend Trump selling 4-5% growth and talking about “best economy Eva!!!” while reality is that it’s same ol’ 2.X% growth he was blasting under Obama.

You do realize Obama had a ZERO percent interest rate, right? Dumbass.

Yes I realize our monetary policy appropriately looks to keep inflation (and deflation) in check.

But when Trump ran on the promise of 4-5% growth he SPECIFICALLY COMPLAINED ABOUT LOW INTEREST RATES, talking about how they are causing a massive bubble. Now that rates are up slightly (they are still low) he suddenly is running around like chicken without a head threatening to fire his Fed appointee, because he needs an excuse for his promises not panning out.

 

[Toddsterpatriot]

He doesn't need to break 2.9% to beat Obama's 1.6% average.

Wow you are a total partisan asshole.

Why the hell else would you compare 2009 middle of recession economy Obama was handed off to what Trump was given?

Middle of recession? The recession ended in June 2009.
Feel free to subtract Q1 2009 and Q2 2009 and get back to me with Obama's performance.

Feel free to go fuck yourself and your completely partisan bullshit.

Economy had to digest 8 trillion dollar loss at the end of the recession, what loss did economy need to get through in the past two years?

The growth pattern since Trump got into office is not very different from what we’ve had under Obama, which is in total contradiction what Trump was promising when he ran and pushed for 1.5 Trillion dollar tax-cut stimulus.

Weakest recovery since WWII, but Obama had no responsibility?
What a twat.

Whoop there you go again moving the goal posts because you don’t have any direct reply to what you quoted.

You could write a handbook on how to make dishonest arguments.

Poor Obama.....

 

[Toddsterpatriot]

easyt65, post: 22164734

Trying to discredit economic success while attempting to falsely claim them as Obama's at the same time is much worse ... and more humiliating, snowflake.

I’ve done neither. Why are you afraid to admit ttat Obama and Trumpo are currently tied at 2.9 % annual GDP growth for their best years to date?

Why are you afraid to admit ttat Obama and Trumpo are currently tied at 2.9 % annual GDP growth for their best years to date?

Why are you afraid to admit that Obama has a lower average than Trump?

 

[Brain357]

easyt65, post: 22164734

Trying to discredit economic success while attempting to falsely claim them as Obama's at the same time is much worse ... and more humiliating, snowflake.

I’ve done neither. Why are you afraid to admit ttat Obama and Trumpo are currently tied at 2.9 % annual GDP growth for their best years to date?

Why are you afraid to admit ttat Obama and Trumpo are currently tied at 2.9 % annual GDP growth for their best years to date?

Why are you afraid to admit that Obama has a lower average than Trump?

That is funny given obama was handed a recession. Your dishonesty is impressive.

 

[Aldo Raine]

Here’s the record thru 2018:
View attachment 254781

U.S. - GDP growth by year 1990-2017 | Statista

Trump and Obama are tied a 2.9 Best full year of GDP growth.

Do you think Trump’s Q1 this year will break the tie and boost Trump to 3.0 or more?

Do you believe Trump will ever get a full year of GDP growth this high?

View attachment 254787

Some experts - The liberal fake news WSJ is forecasting 1.4% for Q1.

• Economic Forecasting Survey - The Wall Street Journal. Economist Q&A. Forecast Edition: March 2019 ..... Projected: Q1 2019. 1.4%. Projected: Q2 2019. 2.6%. Projected: Q3 2019. 2.2%. Projected: ...

Trump supporters tell us your forecast?

What happens if Trump’s third year ends (GDP-wise) anywhere below Obama’s 2.9% in 2015?

According to Trump 2.9 is anemic and weak.

"Obama is the first president in modern history not to have a single year of 3 percent growth," Trump said during an Oct. 28 campaign rally in Manchester, N.H.

Trump's claim about Obama's weak economic growth is limited

Do you think Trump will be the second president in modern history not to have a single year of 3 percent growth,"

What does an “anemic” Trump do for Obama’s legacy?

• Moving forward, there are reasons to believe that growth will continue to be slower than was originally hoped. Annual U.S. GDP growth exceeding 3.0 percent, as experienced in the mid- to late 1990s and mid-2000s, is not expected to be attainable over the coming decade.

The U.S. economy to 2022: settling into a new normal : Monthly Labor Review: U.S. Bureau of Labor Statistics

Are we settling into a new normal that is not so horrible without 3% sustained GDP growth?

You fricken loons are, if nothing else, quite entertaining. You piss and moan month after month for the last couple of years, resisting everything and anything possible. Then you want to whine about GDP numbers not reaching a certain level. Why the hell don't ya try contributing for once in your stinkin life.

Obama took over a global recession with 800,000 jobs a month being lost, and a compete crash of the bank and real estate industries and achieved his growth.

Trump was handed a growing economy in all sectors with the largest employment boom since the 50’s.

He should be averaging 3% by accident/

Unfortunately Tramp is the accident. Don't you remember that the real unemployment rate before the election was actually over 40%? Tramp fixed that so fast that it was like 4.3% in his first month!
MAGA!

 

[Toddsterpatriot]

easyt65, post: 22164734

Trying to discredit economic success while attempting to falsely claim them as Obama's at the same time is much worse ... and more humiliating, snowflake.

I’ve done neither. Why are you afraid to admit ttat Obama and Trumpo are currently tied at 2.9 % annual GDP growth for their best years to date?

Why are you afraid to admit ttat Obama and Trumpo are currently tied at 2.9 % annual GDP growth for their best years to date?

Why are you afraid to admit that Obama has a lower average than Trump?

That is funny given obama was handed a recession. Your dishonesty is impressive.

That is funny given obama was handed a recession.

Yeah, how did he ever survive that recession that ended in June 2009?

He really was magic!

 

[mikegriffith1]

Oh, gosh. Let me guess: You're going to ignore the Fed's raising of interest rates, right?

 

[mikegriffith1]

So never mind all the other good economic news, and never mind the Fed's raising of interest rates, right?

 

[Harpy Eagle]

So never mind all the other good economic news, and never mind the Fed's raising of interest rates, right?

The current interest rate is still historically low.

 

[Toddsterpatriot]

So never mind all the other good economic news, and never mind the Fed's raising of interest rates, right?

The current interest rate is still historically low.

And only 9 times what it was for the first 7 years of Obama's tenure.

 

[NotfooledbyW]

Toddsterpatriot, post: 22168618,

Why are you afraid to admit that Obama has a lower average than Trump?

Because Trumpo has not finished 8 years that can be averaged and compared to Obama’s eight years. We have reason to believe Trumpo will have a mental breakdown before Election Day or if he holds up, he can’t win Pa, Wi and Mi. We will have four years of older voters dearly departing and four yearsof new young voters choosing

When TrumpO’s best full year is compared to Obama’s best full year - The two president’s are tied at 2.9.

 

[Toddsterpatriot]

Toddsterpatriot, post: 22168618,

Why are you afraid to admit that Obama has a lower average than Trump?

Because Trumpo has not finished 8 years that can be averaged and compared to Obama’s eight years. We have reason to believe Trumpo will have a mental breakdown before Election Day or if he holds up, he can’t win Pa, Wi and Mi. We will have four years of older voters dearly departing and four yearsof new young voters choosing

When TrumpO’s best full year is compared to Obama’s best full year - The two president’s are tied at 2.9.

Why can't you compare Trump's 2 year average to Obama's 8 year average?
Is it because Obama's number is lower?
Next year, you can compare Trump's 3 year average to Obama's 8 year average.

We will have four years of older voters dearly departing and four yearsof new young voters choosing ​

Youngsters are super excited about Biden, eh?​