Second-quarter GDP jumps 4.1% for best pace in nearly four years

Discussion in 'Politics' started by deltex1, Jul 27, 2018.

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  1. deltex1
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    deltex1 Gold Member

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  2. K9Buck
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    K9Buck Gold Member

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  3. TNHarley
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    TNHarley Diamond Member

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    Thats awesome!
     
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  4. deanrd
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    deanrd BANNED

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    Numbers just released. Last quarter was 2%.
    During the Obama years, GDP passed 4.1% four times.
    How is it different now?
     
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  5. deanrd
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    deanrd BANNED

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    Unfortunately wages have been going down.
    The only thing keeping them as high as they are now are one time bonuses from the tax cuts for corporations and billionaires.
    The speculation there is new workers are entering the market and people my age have been retiring.

    So is GDP sustainable at 4.1% if wages are dropping?
     
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  6. deanrd
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    deanrd BANNED

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    They have been stockpiling soy beans overseas to get ahead of the tariffs. Some estimates by 9000%.
    What happens next quarter?
     
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  7. Mac1958
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    Mac1958 Diamond Member

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    Very nice. Now we have to sustain it for a bit.
     
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  8. BuckToothMoron
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    BuckToothMoron Gold Member

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    It’s nice, but the reality is the president, Trump in this instance, has little influence on the economy/gdp. Economies go thru natural cycles beyond the control of a president. Ironically, the economy is the one thing most people use to judge or re-elect a president, unless of course they are black. Then the economy doesn’t matter apparently.
     
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  9. Johnlaw
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    Johnlaw Gold Member

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    Last edited: Jul 27, 2018
  10. Billy_Kinetta
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    Billy_Kinetta Paladin of the Lost Hour Gold Supporting Member Supporting Member

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