Breaking: Terrible GDP report just dropped… halfway to recession

[Marener]

It really was.

By what measure?

 

[rightwinger]

Right, but up til biden, what qualified as a recession was 2 consecutive quarters of negative gdp. Then biden came along and they started adding more qualifiers to the definition.

Well then let’s apply the same metric to Trump
See how he does next quarter and see if GDP and employment are up

 

[Marener]

It really was. And that article is from Oct of 19, not Feb of 20 like I said. Feds cut interest rates when inflation is extremely low. That's just proof of Trumps fantastic low inflation economy. Thanks for playing!!

Unemployment rate further down to 2.9 percent in February

Between November 2019 and February 2020, the number of people in paid employment rose by 21 thousand per month on average, ending at 9.1 million in February.

www.cbs.nl

Unemployment rate further down to 2.9 percent in February​

The feds cut interest rates when the economy started to slow down. GDP growth was only 2.3% in 2019 and private investment had fallen a lot.

 

[airplanemechanic]

By what measure?

Unemployment at 2.9%?

 

[Winco]

Oh you want facts? Let's list some facts.

Facts:

1. The US has been getting screwed by trade imbalances for DECADES. Trump is the first president in 50 years to actually DO SOMETHING about it.

2. Under Biden, we had RECORD INFLATION FOR YEARS. These prices remain high, and continue to harm the American worker.

3. Trump fixed the Obama fucked up economy in less than a year. Record job growth, record low inflation, record high employment. DOW almost doubled in Trump 1.0.

4. Trump is the first president in 40 years to NOT have Russia steal territory while he was president.

5. Trump has been deemed a "war monger" by the left, yet has done FAR MORE to avoid war, and stop democrat wars, than any other president in 50 years.

These ^^^^ are Opinions.

 

[Marener]

Unemployment at 2.9%?

Sorry buddy, Trump never got unemployment down to 2.9%. Your link is for the Netherlands.

Trump did get it down to 3.6%, which is very good.

Unemployment was also 3.6% in 2022 when Republicans said we were in a recession.

So unemployment of 3.6% means the economy is on fire when it’s Trump and it’s a recession when it’s Biden.

 

[ThisIsMe]

Well then let’s apply the same metric to Trump
See how he does next quarter and see if GDP and employment are up

Sure, but let's be fair. We need to remove all of the covid rebound jobs from biden, to get an accurate picture.

 

[Marener]

Unemployment at 2.9%?

Data for Q1 2020 is obviously not very easily interpreted because COVID was hitting during that quarter, so we look at the end of 2019.

We were seeing signs of impending recession throughout entirety of 2019.

Manufacturing output slid the entire year
Q4 private investment had a bigger percent drop than any other quarter since the great recession.
We saw a bond inversion.

The Fed was lowering interest rates because they saw recession coming. Lots of people did. It was not a strong economy.

 

[rightwinger]

Sure, but let's be fair. We need to remove all of the covid rebound jobs from biden, to get an accurate picture.

Then don’t stick Biden with the negative GDP due to COVID

Biden had an excuse….a global pandemic
Trumps economy is self inflicted

If it ain’t broke, don’t fix it

 

[protectionist]

COVID was not some evil plot to destroy trump.
Dear Lord.

I did highlight Q3 and Q4, pisses me off when I give that information, honestly, and you claim I didn't.

Why was Q3 so high, same reason Q2 was so low.
Trump doesn't get credit for 33.4% gain without taking the blame for -31.4% in Q2.

Both were COVID related, and YES, trump was POTUS, and the failure and closures fall on him, not (D).

You claimed THIS >>
"Overall for 2020
Annual GDP Change: -3.4%

As if to say that Trump had a bad year. NO. The Democrats MADE IT a bad year, by giving us Covid, and then shutting down the economy, and Pelosi refusing to send out stimulus checks. All to make Trump look bad .

This was all exposed years ago, and you're here now trying to make hay out of it. A failed scam long disintegrated- PATHETIC.

Look at your post. Still trying to lay the blame of the DEMOCRAT NIH CREATED & MAINTAINED & PUSHED PANDEMIC on Trump.
Wow! Are your ever pathetic. Hey, did you notice what happened in November 2024. Your scam is DEAD, stupid. (and has been for years now) Pheeew!

 

[protectionist]

Then don’t stick Biden with the negative GDP due to COVID

Biden had an excuse….a global pandemic
Trumps economy is self inflicted

If it ain’t broke, don’t fix it

WHAT "Trumps economy" ?

 

[protectionist]

Data for Q1 2020 is obviously not very easily interpreted because COVID was hitting during that quarter, so we look at the end of 2019.

We were seeing signs of impending recession throughout entirety of 2019.

Manufacturing output slid the entire year
Q4 private investment had a bigger percent drop than any other quarter since the great recession.
We saw a bond inversion.

The Fed was lowering interest rates because they saw recession coming. Lots of people did. It was not a strong economy.

Forgot about what people are really concerned about ?
1.4% inflation when Trump left office.
1.8% inflation overall (2017-2020)
3 consecutive quarters of ZERO inflation.
2 years of RISING GDPs (2017/2018) after Obama's sinking GDPs.

 

[airplanemechanic]

Sorry buddy, Trump never got unemployment down to 2.9%. Your link is for the Netherlands.

Trump did get it down to 3.6%, which is very good.

Unemployment was also 3.6% in 2022 when Republicans said we were in a recession.

So unemployment of 3.6% means the economy is on fire when it’s Trump and it’s a recession when it’s Biden.

It is. I don't know why but it was 3.5% for sure.

https://www.bls.gov/news.release/archives/empsit_03062020.pdf

THE EMPLOYMENT SITUATION — FEBRUARY 2020Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today

 

[protectionist]

Well then let’s apply the same metric to Trump
See how he does next quarter and see if GDP and employment are up

We will see 3 months from now, but it will still be early in the overall transition of things from presidential (Clinton/Bush,Obama/Biden) neglect, to America First presidential policy.

 

[Winco]

Forgot about what people are really concerned about ?
1.4% inflation when Trump left office.
1.8% inflation overall (2017-2020)
3 consecutive quarters of ZERO inflation.
2 years of RISING GDPs (2017/2018) after Obama's sinking GDPs.

Post the documented FACTS to support these claims.
That's how it works here in this thread.
We post FACTS with evidence.

 

[protectionist]

These ^^^^ are Opinions.

No they're not. I had to move because my rent in 2021, jumped from $600/mo to $850. That apt is now $1800.
That is FACT, not opinion.

 

[protectionist]

Post the documented FACTS to support these claims.
That's how it works here in this thread.
We post FACTS with evidence.

HA. I've only posted it 50 times in this forum - That's how I WORK in this forum. And I just posted it 40 minutes ago in another forum.

2020
0.3% - April
0.1% - May
0.6% - June​

Historical Inflation Rates: 1914-2025

The table displays historical inflation rates with annual figures from 1914 to the present. These inflation rates are calculated using the Consumer Price Index, which is published monthly by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor. The latest BLS data, covering up to...

www.usinflationcalculator.com

 

[Marener]

It is. I don't know why but it was 3.5% for sure.

https://www.bls.gov/news.release/archives/empsit_03062020.pdf

THE EMPLOYMENT SITUATION — FEBRUARY 2020Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today

Nobody would say the economy is “on fire” based solely on the unemployment rate.

 

[rightwinger]

We will see 3 months from now, but it will still be early in the overall transition of things from presidential (Clinton/Bush,Obama/Biden) neglect, to America First presidential policy.

So far America First has gotten us a ten percent drop in the stock market and negative .3 GDP

 

[protectionist]

So far America First has gotten us a ten percent drop in the stock market and negative .3 GDP

"So far" is the carry over lag of the Biden train wreck, and the last quarter of the latest of Biden's 3 recessions. (some people would say it was 4)
Remember - anything you say now, can be revisited a year from now.