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

[Harpy Eagle]

U.S. Economy Grew at 4.1% Rate in Second Quarter

"...The president touted his own track record since taking office, saying that the economy is growing at a pace 10 times faster than during the presidencies of George W. Bush or Barack Obama.

Actually, the U.S. economy grew faster than a 4.1% annual rate in four quarters of Mr. Obama’s presidency and four quarters of Mr. Bush’s. In the second quarter of 2014, GDP rose at an annual rate of 5.1%—the peak quarterly growth rate of the current expansion so far....​

`

Where does he come up with this shit? 10 times faster? He is either really shitty at math or a liar that knows his sheep will not care about his lies


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[dave p]

Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

while they are allowed to pollute at free now,

What the hell are you mumbling about? Link?

Come on, all the deregulation he has done. Destroy the EPA and cut spending for alt power. I will be surprised if we even can find a non polluted drop of water by the time Trump is done, well we will probably all die from air pollution before that or a major flood. He is bringing on doomsday.

Enough of the drama and alarmist talking points. How has he destroyed the EPA? What deregulation has occurred that has made our lives worse?

 

[dave p]

Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

Who and what is pollute at free? What is wrong with at will employment?

Businesses are allowed to pollute freely and one can get fired just for giving a frown to the boss.
When Can a Person Sue After Getting Fired From an At-Will Job?

Try reading your own link. An employer cannot fire based on discrimination or by simply using the at will doctrine. You also forget the other side of the coin which is the employer and employee must still go through the unemployment process and arbitration. Please show us the law which allows businesses to pollute freely?

 

[whitehall]

What does "best pace" mean. The GDP never reached 3% during Hussein's eight years.

 

[Harpy Eagle]

What does "best pace" mean. The GDP never reached 3% during Hussein's eight years.

It reached 3% for a quarter multiple times. So far Trump has reached 3% for a year the same number of times that Obama did


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[Toddsterpatriot]

Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

while they are allowed to pollute at free now,

What the hell are you mumbling about? Link?

Come on, all the deregulation he has done. Destroy the EPA and cut spending for alt power. I will be surprised if we even can find a non polluted drop of water by the time Trump is done, well we will probably all die from air pollution before that or a major flood. He is bringing on doomsday.

Come on, all the deregulation he has done.

Which bit of deregulation allows someone to "pollute at free now"?

Be specific.

 

[Toddsterpatriot]

Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

while they are allowed to pollute at free now,

What the hell are you mumbling about? Link?

Come on, all the deregulation he has done. Destroy the EPA and cut spending for alt power. I will be surprised if we even can find a non polluted drop of water by the time Trump is done, well we will probably all die from air pollution before that or a major flood. He is bringing on doomsday.

by the time Trump is done, well we will probably all die from air pollution before that or a major flood.

Which regulation did he eliminate that would stop "a major flood that will kill everyone"?

 

[dave p]

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

Socialism to Corps and LLC and SP are. First they get tax cuts, then we subsidize them, while they are allowed to pollute at free now, how much more socialism do you want, or now there is at will employment as well.

That is the reason for an abnormal rate, and the sow products being stock piled, at best it will be hard to sustained 3% for the DON and probably lower than 3%. Must you use such language??

while they are allowed to pollute at free now,

What the hell are you mumbling about? Link?

Come on, all the deregulation he has done. Destroy the EPA and cut spending for alt power. I will be surprised if we even can find a non polluted drop of water by the time Trump is done, well we will probably all die from air pollution before that or a major flood. He is bringing on doomsday.

Come on, all the deregulation he has done.

Which bit of deregulation allows someone to "pollute at free now"?

Be specific.

I asked the same thing. We both know she has moved on to something else because as she usually does, she has backed herself into a corner and cant come up with anything significant.

 

[ColonelAngus]

United States GDP | 1960-2018 | Data | Chart | Calendar | Forecast | News

Education is better than ignorance.

 

[grainbely]

Very nice. Now we have to sustain it for a bit.

And balance the budget. And pay the workers. And assess what was sacrificed and future cost of the wave of deregulation.

 

[ColonelAngus]

Very nice. Now we have to sustain it for a bit.

And balance the budget. And pay the workers. And assess what was sacrificed and future cost of the wave of deregulation.

What specific regulations has Trump removed that should not have been?

 

[Cellblock2429]

GDP at 4.1% Great job President Trump! Second-quarter GDP up 4.1%, as expected. Second-quarter GDP jumps 4.1% for best pace in nearly four years

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.

/----/ Libtards are such sore losers.

 

[mudwhistle]

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

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

I remember the time Obama passed 3%(in his mind), when he needed 800,000 new jobs to go below 8% unemployment. Experts said that growth had to be roughly 4.5% to create 800,000 new jobs in a month. But strangely growth was almost zero. So Obama must have been a graduate from Hogwarts to pull that one off.

I bet he was in Slytherin House.

 

[grainbely]

Very nice. Now we have to sustain it for a bit.

And balance the budget. And pay the workers. And assess what was sacrificed and future cost of the wave of deregulation.

What specific regulations has Trump removed that should not have been?

Here's a good resource. I suspect that whether or not they should be removed will be a bit subjective. It shouldn't be surprising that most deregulation would lead to cost savings for businesses. My concern is whether it's worth it on a case by case basis. Another concern is that in general some policy is backed by elements of the private sector to be barriers to entrance in their markets. I'd hope that the policies are scrutinized enough to protect competition.

Obama's admin overreached with some of their plans but I agreed with some of them so it was hard to be critical. The Republican Congress he had for 6 years certainly wasn't going to back him on much.

Tracking deregulation in the Trump era

 

[Mac1958]

Very nice. Now we have to sustain it for a bit.

And balance the budget. And pay the workers. And assess what was sacrificed and future cost of the wave of deregulation.

Agreed. We've paid for this (so far) with an exploding deficit, and wages have not cracked 3% growth.

We have a ways to go for sure, but I'm always hopeful, and I'll cheer any good news.
.

 

[McRocket]

BEA’s 15th Comprehensive Update Improves Measurement of the Economy

'BEA has updated gross domestic product and related statistics covering the past five years, and in some cases reaching back decades, to reflect newly available source data; improved seasonal adjustment; innovations in measuring the prices of software, medical equipment, and cellphones; and more.

After today’s comprehensive update, the general picture of U.S. economic activity remains largely the same. From 2007-2017, real GDP is now estimated to have increased at an annual average rate of 1.5 percent; In our previously published estimates, GDP increased 1.4 percent.

Over the expansion period from the second quarter of 2009 through the fourth quarter of 2017, the estimate remains the same as previously reported, growing at an annual average rate of 2.2 percent.

Our updated statistics revise modestly the size of the economic contraction from the fourth quarter of 2007 to the second quarter of 2009. Real GDP decreased at an average annual rate of 2.7 percent; in the previously published estimates, it decreased 2.8 percent.'

BEA’s 15th Comprehensive Update Improves Measurement of the Economy


I get nervous whenever the government starts revising statistics...in a way that makes the government (both past and present ones) look better.

 

[LeeOnLido]

Very nice. Now we have to sustain it for a bit.

And balance the budget. And pay the workers. And assess what was sacrificed and future cost of the wave of deregulation.

What specific regulations has Trump removed that should not have been?

the economy is jammin! I guess Obama-Phone-Girl will finally get that dream job at a KFC counter taking orders

 

[DigitalDrifter]

U.S. Economy Grew at 4.1% Rate in Second Quarter

"...The president touted his own track record since taking office, saying that the economy is growing at a pace 10 times faster than during the presidencies of George W. Bush or Barack Obama.

Actually, the U.S. economy grew faster than a 4.1% annual rate in four quarters of Mr. Obama’s presidency and four quarters of Mr. Bush’s. In the second quarter of 2014, GDP rose at an annual rate of 5.1%—the peak quarterly growth rate of the current expansion so far....​

`

Where does he come up with this shit? 10 times faster? He is either really shitty at math or a liar that knows his sheep will not care about his lies


Sent from my iPhone using USMessageBoard.com

It's a figure of speech. Remember, the guy isn't a politician.

 

[edward37]

Very nice. Now we have to sustain it for a bit.

And balance the budget. And pay the workers. And assess what was sacrificed and future cost of the wave of deregulation.

What specific regulations has Trump removed that should not have been?

the economy is jammin! I guess Obama-Phone-Girl will finally get that dream job at a KFC counter taking orders

Have gov't spend billions ,,have exports over exceed because of coming tariffs ,give huge tax breaks and VOILA ,,,,you have a 4.1 What will he do for his next trick??

 

[Harpy Eagle]

U.S. Economy Grew at 4.1% Rate in Second Quarter

"...The president touted his own track record since taking office, saying that the economy is growing at a pace 10 times faster than during the presidencies of George W. Bush or Barack Obama.

Actually, the U.S. economy grew faster than a 4.1% annual rate in four quarters of Mr. Obama’s presidency and four quarters of Mr. Bush’s. In the second quarter of 2014, GDP rose at an annual rate of 5.1%—the peak quarterly growth rate of the current expansion so far....​

`

Where does he come up with this shit? 10 times faster? He is either really shitty at math or a liar that knows his sheep will not care about his lies


Sent from my iPhone using USMessageBoard.com

It's a figure of speech. Remember, the guy isn't a politician.

No, he is a fucking liar. And his sheep will always cover for him.