Trump lies are unraveling ... New data challenges Trump's economic narrative

New Data huh?

The old data turned out to be bullshit so the bed wetters came up with some "new data" and now we are to believe THAT?

Go eat a bag of dicks.


.
 
This was kind of interesting.

Bloomberg - Are you a robot?

The U.S. budget deficit is growing faster than expected and President Donald Trump’s trade war is weighing on the economy, according to a new Congressional Budget Office forecast that highlights key challenges ahead of the 2020 elections.


The shortfall is set to widen to $1 trillion by fiscal year 2020, two years earlier than previously estimated, according to the non-partisan group’s annual budget outlook released Wednesday in Washington. That’s up from an estimated $960 billion in the 12 months that ends Sept. 30. The CBO said in January saw a gap of $890 billion next year and didn’t see it topping $1 trillion until 2022.
 
LMAO, okay when did it become Trump's economy pick a date because not a month has gone by when the left wasn't crediting Obama for Trump's economy when spin was all they had to explain Trump's wins.

Not a problem.

The bill was signed into law by President Donald Trump on December 22, 2017. Most of the changes introduced by the bill went into effect on January 1, 2018, and did not affect 2017 taxes.

The date it became Trump's economy was January 1st, 2018 when the tax plan took effect. You can use that date against the liberals if you want. But, many of them look at it the same way I do.
Oh, so you're one of those dishonest folk that think a president cannot sign EOs that take effect immediately?

Heck....Obama raised excise-taxes on goods and services within his first week, breaking his promise not to raise taxes on the poor. That had immediate effect on the economy. Trump was busy reversing much of the damage that Obama caused and did alot of it in the first 100 days.

So WTF? Obama actually tried to take credit for the effects of that tax-cut.......saying that all of the good things were only happening because Obama started it moving. That was what you penis-breath Mofos were trying to say before the left started this recession campaign.

I wasn't asked about EO's, I was asked what date it went from the Obama economy to the Trump economy, and that date was 1 Jan, 2018, when the tax plan went into effect. Ever since that day, it has firmly been Trump's economy. Obama didn't have any say in what was in that bill, or if it went into effect.

So, knock it off with the "Obama economy" bullshit.

Well since its only YOUR side that keeps trying to give Obozo credit for all Trump has done tell your people to knock it off. Obozo himself keeps trying to take credit for everything.

To tell you the truth, the only time I hear sneering remarks about "Obama's economy" is when it's coming from conservatives.
NO SHIT?????

I WONDER WHY??????
 
LMAO Trump has broken decades old records in both domestic and global economic optimism, numbers Obama could have only dreamed of achieving. :itsok:
Link?
Where is YOUR link? Or video? Or note from your mother. Try using your brain for once instead of expecting everybody else to explain the hard stuff to you.
Damn dude, you are really worked up over this. Maybe you should just learn to post a link, then you won't take it so hard.
 
Democrats intend to destroy the economy. They can only rumor it to death and lie about everything possible. This is what they have been bragging about.
 
The greatest economy the world has ever seen is a humongous lie that Trump followers swallow.

The contrary truth to Trump's lies:

1. "I would actually say it’s been a weaker recovery than what we’ve seen previously, particular in comparison to the expansions of the '80s and '90s,” said PNC Bank Chief Economist Gus Faucher."

2. "The recent revision puts Trump's overall monthly average at 177,000.
“We thought we had a bit of acceleration in job growth in 2018, but it looks like instead what we had was roughly the same trend we had before,” Faucher said."

3. "But 31 months into his presidency, Trump now lags previous Democratic presidents when it comes to the Dow's performance. At this point in Obama's first term, the Dow was up 45.2 percent since he took office. For former President Clinton, it was up 39.3 percent. Trump clocks in at 32.2 percent."

4. "“Notwithstanding the White House’s focus on shrinking the trade deficit, expect it to widen by 7 percent to 8 percent for all of 2019, to about $670 billion,” Kiplinger projected"

Trump has damaged the world economy and has started a trade war that may have adverse consequences for decades, for the USA and the global economy.

Meanwhile, US manufacturing is declining, the trade deficit is higher than under Obama, the budget deficit is growing uncontrollably, and Donald Trump has offended allies and supported murderer Mohammed Bin Salman and despots.

The USA is heading towards isolationism which will undo the work of all the presidents who preceded Trump since world war 2 and will trash brand America and damage exports.

New data challenges Trump's economic narrative

New data challenges Trump's economic narrative
BY NIV ELIS - 08/25/19 10:50 AM EDT 1,295

President Trump has repeatedly said the U.S. economy under his watch has been extraordinary.
His tweeted descriptors have included "BOOMING," "GREAT," "stronger than ever" and "perhaps the greatest ECONOMY and most successful first two years of any President in history."

But a slew of recent data suggests the Trump economy has fared no differently than other expansions at this stage. And those same numbers indicate the president's economy may be headed toward a downturn.
“I would actually say it’s been a weaker recovery than what we’ve seen previously, particular in comparison to the expansions of the '80s and '90s,” said PNC Bank Chief Economist Gus Faucher.
That viewpoint has been shaped by figures like the ones released by the Bureau of Labor Statistics on Thursday. The agency issued a downward revision showing the economy added 500,000 fewer jobs from January 2018 through March 2019.
What was once an impressive 223,000 jobs added each month last year, on average, may have been closer to 191,000, according to the new data.
Even before the revision, average monthly job growth since Trump took office has been 193,000, below the 208,000 average in former President Obama's second term. The recent revision puts Trump's overall monthly average at 177,000.
“We thought we had a bit of acceleration in job growth in 2018, but it looks like instead what we had was roughly the same trend we had before,” Faucher said.
Economic growth has exhibited a similar pattern.
A downward revision in gross domestic product by government economists robbed the Trump administration of a talking point that it had achieved four consecutive quarters of growth averaging 3 percent, a threshold Trump has long argued is sustainable over a 10-year period.
Goldman Sachs now estimates that growth will slow to 1.8 percent in the fourth quarter of 2019, a figure Trump is unlikely to trumpet.
“If you judge the economy based on how he’s judged the economy, it’s pretty mixed,” says Mark Zandi, chief economist at Moody’s Analytics, referring to Trump. “He took a lot of credit on the stock market, but it’s gone nowhere since January of 2018.”
Indeed, when it comes to the markets, Trump’s first year set him apart from his predecessors. Twelve months into his presidency, the Dow Jones Industrial Average had soared 31.6 percent, more than any other president, and nearly 6 percentage points better than Obama's first year, when the economy was still in recession.
But 31 months into his presidency, Trump now lags previous Democratic presidents when it comes to the Dow's performance. At this point in Obama's first term, the Dow was up 45.2 percent since he took office. For former President Clinton, it was up 39.3 percent. Trump clocks in at 32.2 percent.
In fact, the Dow's performance under Trump is closest to former President George H.W. Bush, who lost his reelection bid after the economy slipped into a recession.
Trump also came into office promising to wipe out the national debt and lower the trade deficit. Instead, the opposite has happened.
The federal deficit this year is expected to hit close to $1 trillion, up some 70 percent from its 2016 level of $587 billion. Meanwhile, the trade deficit, which stood at $502.3 billion before Trump came into office, has also ballooned.
“Notwithstanding the White House’s focus on shrinking the trade deficit, expect it to widen by 7 percent to 8 percent for all of 2019, to about $670 billion,” Kiplinger projected earlier this month in its economic forecast. “It’s up by 8 percent already in the first half of this year from the comparable first six months of 2018.”
But that's not say the economy is in dire straits. Some bright spots stand out.
“In terms of unemployment levels, the economy looks great,” said Barry Bosworth, a senior fellow in the Economic Studies program at the Brookings Institution.
He noted that the jobless rate is near 50-year lows, more people are working and wages have even started ticking up.
“But if you’re looking at growth rates, it’s unusually slow,” Bosworth added. “This is the longest economic expansion in history, but it’s also the slowest."
Economists point to lower productivity as one reason growth has not accelerated.
Then there are the concerns that a downturn could be on the horizon. In recent weeks, yields on long-term bonds have risen higher than those on short-term ones, creating what's known as “an inverted yield curve.” It's considered one of the best predictors of a recession, though on average the events are separated by 22 months.
“I would expect to see growth slow in the next couple of years, even if there’s not a recession,” said Faucher.
With the stimulus of the 2017 tax law wearing off and a trade war with China escalating almost monthly, Trump may have to answer for a slowing economy as he seeks a second term in office.
“I would say his economy is on borrowed time,” said Zandi. “He bought himself some time by borrowing lots of money and cutting a big check to business and high-income households, but I think his policies are driving the economy into the ditch.”
]
Somebody sounds desperate.
 
A Danish Parliament Member put together this hilarious video.



It ends with Trump grab your p.......wait for it........pen.
 
The greatest economy the world has ever seen is a humongous lie that Trump followers swallow.

The contrary truth to Trump's lies:

1. "I would actually say it’s been a weaker recovery than what we’ve seen previously, particular in comparison to the expansions of the '80s and '90s,” said PNC Bank Chief Economist Gus Faucher."

2. "The recent revision puts Trump's overall monthly average at 177,000.
“We thought we had a bit of acceleration in job growth in 2018, but it looks like instead what we had was roughly the same trend we had before,” Faucher said."

3. "But 31 months into his presidency, Trump now lags previous Democratic presidents when it comes to the Dow's performance. At this point in Obama's first term, the Dow was up 45.2 percent since he took office. For former President Clinton, it was up 39.3 percent. Trump clocks in at 32.2 percent."

4. "“Notwithstanding the White House’s focus on shrinking the trade deficit, expect it to widen by 7 percent to 8 percent for all of 2019, to about $670 billion,” Kiplinger projected"

Trump has damaged the world economy and has started a trade war that may have adverse consequences for decades, for the USA and the global economy.

Meanwhile, US manufacturing is declining, the trade deficit is higher than under Obama, the budget deficit is growing uncontrollably, and Donald Trump has offended allies and supported murderer Mohammed Bin Salman and despots.

The USA is heading towards isolationism which will undo the work of all the presidents who preceded Trump since world war 2 and will trash brand America and damage exports.

New data challenges Trump's economic narrative

New data challenges Trump's economic narrative
BY NIV ELIS - 08/25/19 10:50 AM EDT 1,295

President Trump has repeatedly said the U.S. economy under his watch has been extraordinary.
His tweeted descriptors have included "BOOMING," "GREAT," "stronger than ever" and "perhaps the greatest ECONOMY and most successful first two years of any President in history."

But a slew of recent data suggests the Trump economy has fared no differently than other expansions at this stage. And those same numbers indicate the president's economy may be headed toward a downturn.
“I would actually say it’s been a weaker recovery than what we’ve seen previously, particular in comparison to the expansions of the '80s and '90s,” said PNC Bank Chief Economist Gus Faucher.
That viewpoint has been shaped by figures like the ones released by the Bureau of Labor Statistics on Thursday. The agency issued a downward revision showing the economy added 500,000 fewer jobs from January 2018 through March 2019.
What was once an impressive 223,000 jobs added each month last year, on average, may have been closer to 191,000, according to the new data.
Even before the revision, average monthly job growth since Trump took office has been 193,000, below the 208,000 average in former President Obama's second term. The recent revision puts Trump's overall monthly average at 177,000.
“We thought we had a bit of acceleration in job growth in 2018, but it looks like instead what we had was roughly the same trend we had before,” Faucher said.
Economic growth has exhibited a similar pattern.
A downward revision in gross domestic product by government economists robbed the Trump administration of a talking point that it had achieved four consecutive quarters of growth averaging 3 percent, a threshold Trump has long argued is sustainable over a 10-year period.
Goldman Sachs now estimates that growth will slow to 1.8 percent in the fourth quarter of 2019, a figure Trump is unlikely to trumpet.
“If you judge the economy based on how he’s judged the economy, it’s pretty mixed,” says Mark Zandi, chief economist at Moody’s Analytics, referring to Trump. “He took a lot of credit on the stock market, but it’s gone nowhere since January of 2018.”
Indeed, when it comes to the markets, Trump’s first year set him apart from his predecessors. Twelve months into his presidency, the Dow Jones Industrial Average had soared 31.6 percent, more than any other president, and nearly 6 percentage points better than Obama's first year, when the economy was still in recession.
But 31 months into his presidency, Trump now lags previous Democratic presidents when it comes to the Dow's performance. At this point in Obama's first term, the Dow was up 45.2 percent since he took office. For former President Clinton, it was up 39.3 percent. Trump clocks in at 32.2 percent.
In fact, the Dow's performance under Trump is closest to former President George H.W. Bush, who lost his reelection bid after the economy slipped into a recession.
Trump also came into office promising to wipe out the national debt and lower the trade deficit. Instead, the opposite has happened.
The federal deficit this year is expected to hit close to $1 trillion, up some 70 percent from its 2016 level of $587 billion. Meanwhile, the trade deficit, which stood at $502.3 billion before Trump came into office, has also ballooned.
“Notwithstanding the White House’s focus on shrinking the trade deficit, expect it to widen by 7 percent to 8 percent for all of 2019, to about $670 billion,” Kiplinger projected earlier this month in its economic forecast. “It’s up by 8 percent already in the first half of this year from the comparable first six months of 2018.”
But that's not say the economy is in dire straits. Some bright spots stand out.
“In terms of unemployment levels, the economy looks great,” said Barry Bosworth, a senior fellow in the Economic Studies program at the Brookings Institution.
He noted that the jobless rate is near 50-year lows, more people are working and wages have even started ticking up.
“But if you’re looking at growth rates, it’s unusually slow,” Bosworth added. “This is the longest economic expansion in history, but it’s also the slowest."
Economists point to lower productivity as one reason growth has not accelerated.
Then there are the concerns that a downturn could be on the horizon. In recent weeks, yields on long-term bonds have risen higher than those on short-term ones, creating what's known as “an inverted yield curve.” It's considered one of the best predictors of a recession, though on average the events are separated by 22 months.
“I would expect to see growth slow in the next couple of years, even if there’s not a recession,” said Faucher.
With the stimulus of the 2017 tax law wearing off and a trade war with China escalating almost monthly, Trump may have to answer for a slowing economy as he seeks a second term in office.
“I would say his economy is on borrowed time,” said Zandi. “He bought himself some time by borrowing lots of money and cutting a big check to business and high-income households, but I think his policies are driving the economy into the ditch.”
]
Somebody sounds desperate.

The voices you hear in your head are your conscience telling you to waken from your Trump nightmare.
 
All you have to do is look at the numbers. The basic unemployment rate is excellent. Everything else? Nothing special, and we have an exploded budget to boot. The Laffer Curve has been a straight line.

Trump is doing what he always does, comically overstate the good and transparently dismiss the bad. Trumpsters are doing what they always do, swallow it whole.
.

Do you deny that the entire Dem party in congress and their pals in the fake news are rooting against president Trump?
You guys sure cry a lot. What causes that syndrome?
 
LMAO Trump has broken decades old records in both domestic and global economic optimism, numbers Obama could have only dreamed of achieving. :itsok:

That's the problem between optimism and reality. Trump has broken the link to reality.

Obama was the sorcerer and Trump is the sorcerer's apprentice who screws up.

Who wants a Warlock for a president, faggot?
 
All you have to do is look at the numbers. The basic unemployment rate is excellent. Everything else? Nothing special, and we have an exploded budget to boot. The Laffer Curve has been a straight line.

Trump is doing what he always does, comically overstate the good and transparently dismiss the bad. Trumpsters are doing what they always do, swallow it whole.
.

Do you deny that the entire Dem party in congress and their pals in the fake news are rooting against president Trump?
You guys sure cry a lot. What causes that syndrome?
Knowing that you represent death. Carnage.....destruction wrapped up in a package of niceness. You abhor the young. From fertilization to be used as sex dolls dressed in clothes of the opposite sex, operated on to change their sex and more. Just the start. And people have been hypnotized by your god, the deceiver of light even as you promote love for the children of illegals. You lack sense in a rich land. We are not remaining rich.
 
All you have to do is look at the numbers. The basic unemployment rate is excellent. Everything else? Nothing special, and we have an exploded budget to boot. The Laffer Curve has been a straight line.

Trump is doing what he always does, comically overstate the good and transparently dismiss the bad. Trumpsters are doing what they always do, swallow it whole.
.

Do you deny that the entire Dem party in congress and their pals in the fake news are rooting against president Trump?
You guys sure cry a lot. What causes that syndrome?
Knowing that you represent death. Carnage.....destruction wrapped up in a package of niceness. You abhor the young. From fertilization to be used as sex dolls dressed in clothes of the opposite sex, operated on to change their sex and more. Just the start. And people have been hypnotized by your god, the deceiver of light even as you promote love for the children of illegals. You lack sense in a rich land. We are not remaining rich.
What the fuck is that shit? Seek some help.
 
LMAO Trump has broken decades old records in both domestic and global economic optimism, numbers Obama could have only dreamed of achieving. :itsok:
Link?
Where is YOUR link? Or video? Or note from your mother. Try using your brain for once instead of expecting everybody else to explain the hard stuff to you.
Damn dude, you are really worked up over this. Maybe you should just learn to post a link, then you won't take it so hard.
Instead of posting links or videos, how about you learn to think so you don't need a crutch?
 
LMAO Trump has broken decades old records in both domestic and global economic optimism, numbers Obama could have only dreamed of achieving. :itsok:
Link?
Where is YOUR link? Or video? Or note from your mother. Try using your brain for once instead of expecting everybody else to explain the hard stuff to you.
Damn dude, you are really worked up over this. Maybe you should just learn to post a link, then you won't take it so hard.
Instead of posting links or videos, how about you learn to think so you don't need a crutch?
Damn, that was a quick about face!!

Did you hurt your neck snapping around like that?
 
LMAO Trump has broken decades old records in both domestic and global economic optimism, numbers Obama could have only dreamed of achieving. :itsok:
Link?
Where is YOUR link? Or video? Or note from your mother. Try using your brain for once instead of expecting everybody else to explain the hard stuff to you.
Damn dude, you are really worked up over this. Maybe you should just learn to post a link, then you won't take it so hard.
Instead of posting links or videos, how about you learn to think so you don't need a crutch?
Damn, that was a quick about face!!

Did you hurt your neck snapping around like that?
Had a neck operation-can't snap anymore. Don't understand your meaning -use bigger words
 
LMAO Trump has broken decades old records in both domestic and global economic optimism, numbers Obama could have only dreamed of achieving. :itsok:
Link?
Where is YOUR link? Or video? Or note from your mother. Try using your brain for once instead of expecting everybody else to explain the hard stuff to you.
Damn dude, you are really worked up over this. Maybe you should just learn to post a link, then you won't take it so hard.

Maybe you should arrive to a politics discussion informed. Trump setting these records was in the news, global CEO optimism, U.S. optimism among small business owners.
 
LMAO Trump has broken decades old records in both domestic and global economic optimism, numbers Obama could have only dreamed of achieving. :itsok:
Link?
Where is YOUR link? Or video? Or note from your mother. Try using your brain for once instead of expecting everybody else to explain the hard stuff to you.
Damn dude, you are really worked up over this. Maybe you should just learn to post a link, then you won't take it so hard.

Maybe you should arrive to a politics discussion informed. Trump setting these records was in the news, global CEO optimism, U.S. optimism among small business owners.

No links, it never happened.
 
LMAO Trump has broken decades old records in both domestic and global economic optimism, numbers Obama could have only dreamed of achieving. :itsok:
Link?
Where is YOUR link? Or video? Or note from your mother. Try using your brain for once instead of expecting everybody else to explain the hard stuff to you.
Damn dude, you are really worked up over this. Maybe you should just learn to post a link, then you won't take it so hard.

Maybe you should arrive to a politics discussion informed. Trump setting these records was in the news, global CEO optimism, U.S. optimism among small business owners.

No links, it never happened.

^^^ said and idiot. I'll make your quote my sig line. lol
 

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