Dopey Donald broke the world economy ... New Reports Show That Trump’s Economic Promises Were Empty

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... as empty and vacuous as Donald Trump's cranium.

Donald Trump promised the world and delivered a world of financial hurt and ruin.

Donald Trump started a trade war which is not going well. The trade war negated Donald Trump's stimulation of the US economy by blowout debt.

How can Donald Trump's howling mob believe the bullshit, blather, slander, and insults he feeds them at his rallies?

The US economy is in a parlous condition with government debt increasing faster than GDP and interest on debt growing so fast it will be unpayable.

Dopey, morally bankrupt, Donald Trump has broken the world economy which was so peaceful and growing at the end of Obama's tenure.

New Reports Show That Trump’s Economic Promises Were Empty

New Reports Show That Trump’s Economic Promises Were Empty

By John Cassidy

January 31, 2020

Two new reports suggest that, although the boost from President Trump’s 2017 tax cuts is fading, the resulting budget deficit will linger for decades.

With the impeachment trial, the coronavirus, and the Iowa caucuses in the news, dry economic statistics aren’t getting much attention right now. But two new reports—the latest gross-domestic-product figures from the Commerce Department and a new set of budget projections from the Congressional Budget Office—shouldn’t be allowed to pass without comment. Indeed, the issues they raise should be central to the 2020 election.

The core of Donald Trump’s platform is that his policies have produced what he touts as “The Greatest Economy in American History!” The truth is very different. By enacting a huge tax cut, in late 2017, that was heavily slanted toward corporations and the rich, Trump and the Republicans gave the economy a temporary boost—in 2018, it grew at an annual rate of 2.9 per cent—that has now faded.

In the fourth quarter of last year, G.D.P.—the broadest measure of activity in the economy—expanded at an annual rate of 2.1 per cent, the new report from the Commerce Department showed. Taking 2019 as a whole, G.D.P. grew at 2.3 per cent. These growth rates are nowhere near the four-per-cent growth that Trump promised in 2016. Instead, they are in line with the average growth rate since 2000, which is 2.2 per cent. And this ho-hum outcome has only been achieved at a tremendous cost. The federal government is now running an enormous budget deficit and accumulating vast amounts of new debt, which will burden taxpayers for decades to come. After three years of Trump’s Presidency, in fact, the United States is starting to look like one of his highly indebted business ventures.

This year, the new report from the C.B.O. says, the deficit will be about a trillion dollars. Ten years from now, it will be roughly $1.3 trillion. Numbers like these are so big that they are hard to take in. The way economists make sense of them is by comparing the dollar amount to the level of G.D.P., much like a family might compare its mortgage to its income. If you do this, you can see just how out of whack with history the Trump Presidency really is.

According to the C.B.O.’s projections, the budget deficit will be 4.6 per cent of G.D.P. this year, and by 2030 it will have risen to 5.4 per cent of G.D.P. Before Trump took office, the United States had never run sustained deficits of this magnitude except during wars ...
 
LOL!! The US economy has never been better, ever, and Trump isn't finished improving it.
So good luck in November with "President" Joe Biden.
I'm looking forward to the Trump-Biden debates, are you??
 
... as empty and vacuous as Donald Trump's cranium.

Donald Trump promised the world and delivered a world of financial hurt and ruin.

Donald Trump started a trade war which is not going well. The trade war negated Donald Trump's stimulation of the US economy by blowout debt.

How can Donald Trump's howling mob believe the bullshit, blather, slander, and insults he feeds them at his rallies?

The US economy is in a parlous condition with government debt increasing faster than GDP and interest on debt growing so fast it will be unpayable.

Dopey, morally bankrupt, Donald Trump has broken the world economy which was so peaceful and growing at the end of Obama's tenure.

New Reports Show That Trump’s Economic Promises Were Empty

New Reports Show That Trump’s Economic Promises Were Empty

By John Cassidy

January 31, 2020

Two new reports suggest that, although the boost from President Trump’s 2017 tax cuts is fading, the resulting budget deficit will linger for decades.

With the impeachment trial, the coronavirus, and the Iowa caucuses in the news, dry economic statistics aren’t getting much attention right now. But two new reports—the latest gross-domestic-product figures from the Commerce Department and a new set of budget projections from the Congressional Budget Office—shouldn’t be allowed to pass without comment. Indeed, the issues they raise should be central to the 2020 election.

The core of Donald Trump’s platform is that his policies have produced what he touts as “The Greatest Economy in American History!” The truth is very different. By enacting a huge tax cut, in late 2017, that was heavily slanted toward corporations and the rich, Trump and the Republicans gave the economy a temporary boost—in 2018, it grew at an annual rate of 2.9 per cent—that has now faded.

In the fourth quarter of last year, G.D.P.—the broadest measure of activity in the economy—expanded at an annual rate of 2.1 per cent, the new report from the Commerce Department showed. Taking 2019 as a whole, G.D.P. grew at 2.3 per cent. These growth rates are nowhere near the four-per-cent growth that Trump promised in 2016. Instead, they are in line with the average growth rate since 2000, which is 2.2 per cent. And this ho-hum outcome has only been achieved at a tremendous cost. The federal government is now running an enormous budget deficit and accumulating vast amounts of new debt, which will burden taxpayers for decades to come. After three years of Trump’s Presidency, in fact, the United States is starting to look like one of his highly indebted business ventures.

This year, the new report from the C.B.O. says, the deficit will be about a trillion dollars. Ten years from now, it will be roughly $1.3 trillion. Numbers like these are so big that they are hard to take in. The way economists make sense of them is by comparing the dollar amount to the level of G.D.P., much like a family might compare its mortgage to its income. If you do this, you can see just how out of whack with history the Trump Presidency really is.

According to the C.B.O.’s projections, the budget deficit will be 4.6 per cent of G.D.P. this year, and by 2030 it will have risen to 5.4 per cent of G.D.P. Before Trump took office, the United States had never run sustained deficits of this magnitude except during wars ...
2MinuteHate.jpg
 
Strongest economy ever, record successes...and he just reversed the stock market panic plunge - stocks are soaring in a record-matching climb....and snowflakes are in anguish as their cheering for disaster for this country / the world seems to be cut short again...


:p. Suck it, snowflakes

BWUHAHAHAHAHA....
 
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The last time the economy collapsed was during the democrat takeover of congress in the last half of Dubya's second term. A openly gay democrat with little experience in the business world , Barney Frank, became chairperson of the House Banking Committee with oversight responsibility for Fannie Mae. Frank pronounced Fannie May to be solvent and thriving while it was on the brink of disaster. The first thing democrats addressed when they took over total congressional power at the time was to create McCarthy like hearings regarding steroid use in baseball. The freaking economy was about to collapse under an inept Banking chairperson and democrats were worried about steroid use. I don't have to illustrate what happened. Fannie Mae went under and took the world's economy with it just in time for the the Obama socialist movement. Nobody in the liberal media ever asked Rep. Frank what the hell he was doing and he retired with his new husband.
 
... as empty and vacuous as Donald Trump's cranium.

Donald Trump promised the world and delivered a world of financial hurt and ruin.

Donald Trump started a trade war which is not going well. The trade war negated Donald Trump's stimulation of the US economy by blowout debt.

How can Donald Trump's howling mob believe the bullshit, blather, slander, and insults he feeds them at his rallies?

The US economy is in a parlous condition with government debt increasing faster than GDP and interest on debt growing so fast it will be unpayable.

Dopey, morally bankrupt, Donald Trump has broken the world economy which was so peaceful and growing at the end of Obama's tenure.

New Reports Show That Trump’s Economic Promises Were Empty

New Reports Show That Trump’s Economic Promises Were Empty

By John Cassidy

January 31, 2020

Two new reports suggest that, although the boost from President Trump’s 2017 tax cuts is fading, the resulting budget deficit will linger for decades.

With the impeachment trial, the coronavirus, and the Iowa caucuses in the news, dry economic statistics aren’t getting much attention right now. But two new reports—the latest gross-domestic-product figures from the Commerce Department and a new set of budget projections from the Congressional Budget Office—shouldn’t be allowed to pass without comment. Indeed, the issues they raise should be central to the 2020 election.

The core of Donald Trump’s platform is that his policies have produced what he touts as “The Greatest Economy in American History!” The truth is very different. By enacting a huge tax cut, in late 2017, that was heavily slanted toward corporations and the rich, Trump and the Republicans gave the economy a temporary boost—in 2018, it grew at an annual rate of 2.9 per cent—that has now faded.

In the fourth quarter of last year, G.D.P.—the broadest measure of activity in the economy—expanded at an annual rate of 2.1 per cent, the new report from the Commerce Department showed. Taking 2019 as a whole, G.D.P. grew at 2.3 per cent. These growth rates are nowhere near the four-per-cent growth that Trump promised in 2016. Instead, they are in line with the average growth rate since 2000, which is 2.2 per cent. And this ho-hum outcome has only been achieved at a tremendous cost. The federal government is now running an enormous budget deficit and accumulating vast amounts of new debt, which will burden taxpayers for decades to come. After three years of Trump’s Presidency, in fact, the United States is starting to look like one of his highly indebted business ventures.

This year, the new report from the C.B.O. says, the deficit will be about a trillion dollars. Ten years from now, it will be roughly $1.3 trillion. Numbers like these are so big that they are hard to take in. The way economists make sense of them is by comparing the dollar amount to the level of G.D.P., much like a family might compare its mortgage to its income. If you do this, you can see just how out of whack with history the Trump Presidency really is.

According to the C.B.O.’s projections, the budget deficit will be 4.6 per cent of G.D.P. this year, and by 2030 it will have risen to 5.4 per cent of G.D.P. Before Trump took office, the United States had never run sustained deficits of this magnitude except during wars ...



I clearly remember Democrats and the left bitching about Walmart importing goods from China to sell in the U.S.,
and hurting the made in U.S.A. brand and that it would be better to suffer with higher prices instead. Now that Trump got tougher with China, you all want to bitch about it because its Trump. Well, now its time to either get better trade deals with China, or figure out other means. Guarantee you that Clinton's NAFTA was much worse than anything Trump could do. I remember the work in the US evaporating back then. The world economy will begin to recover when the virus runs its course.

The current world downturn is due to the damn virus and the worlds reaction to it. Of course your going to blame it on Trump, what else would you do? Does Trump cause your toast to burn? Does he turn your milk sour, make your colors run in the wash? shrink your wool shirts and hide the matching pairs of your sockS? It's simply amazing, he has become the borg, assimilating every aspect of your life and turning it to shit.
 
... as empty and vacuous as Donald Trump's cranium.

Donald Trump promised the world and delivered a world of financial hurt and ruin.

Donald Trump started a trade war which is not going well. The trade war negated Donald Trump's stimulation of the US economy by blowout debt.

How can Donald Trump's howling mob believe the bullshit, blather, slander, and insults he feeds them at his rallies?

The US economy is in a parlous condition with government debt increasing faster than GDP and interest on debt growing so fast it will be unpayable.

Dopey, morally bankrupt, Donald Trump has broken the world economy which was so peaceful and growing at the end of Obama's tenure.

New Reports Show That Trump’s Economic Promises Were Empty

New Reports Show That Trump’s Economic Promises Were Empty

By John Cassidy

January 31, 2020

Two new reports suggest that, although the boost from President Trump’s 2017 tax cuts is fading, the resulting budget deficit will linger for decades.

With the impeachment trial, the coronavirus, and the Iowa caucuses in the news, dry economic statistics aren’t getting much attention right now. But two new reports—the latest gross-domestic-product figures from the Commerce Department and a new set of budget projections from the Congressional Budget Office—shouldn’t be allowed to pass without comment. Indeed, the issues they raise should be central to the 2020 election.

The core of Donald Trump’s platform is that his policies have produced what he touts as “The Greatest Economy in American History!” The truth is very different. By enacting a huge tax cut, in late 2017, that was heavily slanted toward corporations and the rich, Trump and the Republicans gave the economy a temporary boost—in 2018, it grew at an annual rate of 2.9 per cent—that has now faded.

In the fourth quarter of last year, G.D.P.—the broadest measure of activity in the economy—expanded at an annual rate of 2.1 per cent, the new report from the Commerce Department showed. Taking 2019 as a whole, G.D.P. grew at 2.3 per cent. These growth rates are nowhere near the four-per-cent growth that Trump promised in 2016. Instead, they are in line with the average growth rate since 2000, which is 2.2 per cent. And this ho-hum outcome has only been achieved at a tremendous cost. The federal government is now running an enormous budget deficit and accumulating vast amounts of new debt, which will burden taxpayers for decades to come. After three years of Trump’s Presidency, in fact, the United States is starting to look like one of his highly indebted business ventures.

This year, the new report from the C.B.O. says, the deficit will be about a trillion dollars. Ten years from now, it will be roughly $1.3 trillion. Numbers like these are so big that they are hard to take in. The way economists make sense of them is by comparing the dollar amount to the level of G.D.P., much like a family might compare its mortgage to its income. If you do this, you can see just how out of whack with history the Trump Presidency really is.

According to the C.B.O.’s projections, the budget deficit will be 4.6 per cent of G.D.P. this year, and by 2030 it will have risen to 5.4 per cent of G.D.P. Before Trump took office, the United States had never run sustained deficits of this magnitude except during wars ...


Compare the U.S economy to the world and the U.S is doing much better.

I do agree, the U.S debt is a problem, as is almost every Western nations debt. Nobody can stop it because people don't vote for austerity so everyone promises more and more, all to fund their own boutiques.

I think Trump doesn't like the debt, but he will never get the government to pass something without more spending. It's been embraced by everyone, those making the cash don't care, they will just fly over to their own private islands if inflation and another Great Depression hit.
 
Government spending grows because it's designed to do exactly that. When the budget for any government program is established for the next fiscal year, the budget doesn't start with zero, like our budgets, they start with a 'baseline' which is the amount it costs to provide that service the previous year, plus inflation, and projected growth of the program.

P.J. O'Rourke, the libertarian satirist, uses the fictional example of a federal program to teach self-esteem, motivation, and marketable job skills to debutantes, called Deb-Self.

Last year's budget for the program was $100 million. Including 5% for inflation, a 10% increase based on the number of coming-out parties in metropolitan areas in the last fiscal year, and 10% increase in projected number of cotillions based on surveys of 17-year-old girls, the next fiscal baseline for Deb-Self is $125 million. In a mere 20 years, Deb-self grows to a $10 BILLION program expenditure.

June-2019-Debutante-00001.jpg
 
Trump is still riding President Obama's coattails on the economy. Trump just artificially juiced the economy with massive deregulation and massive tax cuts for the rich. Republicans didn't want to do jack shit to help President Obama on the economy - but he did it in spite of their obstruction. It's interesting that Trump and his Republican sycophants have absolutely no concern for the deficit and national debt. They will spend their asses off to keep Trump and themselves in power.

boner-obstruction-5.jpg
 
LOL!! The US economy has never been better, ever, and Trump isn't finished improving it.
So good luck in November with "President" Joe Biden.
I'm looking forward to the Trump-Biden debates, are you??

The economy is not the best its ever been.

The GDP is likely to be negative and likely to be so for several years because of Donald Trump's disruption of the world economy.

The growth in budget deficits and debt is out of control.

Debt is growing at > 2 x GDP growth.

New Reports Show That Trump’s Economic Promises Were Empty

... What about the level of government debt? “Because of the large deficits, federal debt held by the public is projected to grow, from 81 percent of GDP in 2020 to 98 percent in 2030 (its highest percentage since 1946),” the C.B.O. report says. “By 2050, debt would be 180 percent of GDP—far higher than it has ever been.” ...
 
The last time the economy collapsed was during the democrat takeover of congress in the last half of Dubya's second term. A openly gay democrat with little experience in the business world , Barney Frank, became chairperson of the House Banking Committee with oversight responsibility for Fannie Mae. Frank pronounced Fannie May to be solvent and thriving while it was on the brink of disaster. The first thing democrats addressed when they took over total congressional power at the time was to create McCarthy like hearings regarding steroid use in baseball. The freaking economy was about to collapse under an inept Banking chairperson and democrats were worried about steroid use. I don't have to illustrate what happened. Fannie Mae went under and took the world's economy with it just in time for the the Obama socialist movement. Nobody in the liberal media ever asked Rep. Frank what the hell he was doing and he retired with his new husband.
LOLOL

Yeah, the toxic loans written during Bush's early days had nothing to do with it.
icon_rolleyes.gif
 
... as empty and vacuous as Donald Trump's cranium.

Donald Trump promised the world and delivered a world of financial hurt and ruin.

Donald Trump started a trade war which is not going well. The trade war negated Donald Trump's stimulation of the US economy by blowout debt.

How can Donald Trump's howling mob believe the bullshit, blather, slander, and insults he feeds them at his rallies?

The US economy is in a parlous condition with government debt increasing faster than GDP and interest on debt growing so fast it will be unpayable.

Dopey, morally bankrupt, Donald Trump has broken the world economy which was so peaceful and growing at the end of Obama's tenure.

New Reports Show That Trump’s Economic Promises Were Empty

New Reports Show That Trump’s Economic Promises Were Empty

By John Cassidy

January 31, 2020

Two new reports suggest that, although the boost from President Trump’s 2017 tax cuts is fading, the resulting budget deficit will linger for decades.

With the impeachment trial, the coronavirus, and the Iowa caucuses in the news, dry economic statistics aren’t getting much attention right now. But two new reports—the latest gross-domestic-product figures from the Commerce Department and a new set of budget projections from the Congressional Budget Office—shouldn’t be allowed to pass without comment. Indeed, the issues they raise should be central to the 2020 election.

The core of Donald Trump’s platform is that his policies have produced what he touts as “The Greatest Economy in American History!” The truth is very different. By enacting a huge tax cut, in late 2017, that was heavily slanted toward corporations and the rich, Trump and the Republicans gave the economy a temporary boost—in 2018, it grew at an annual rate of 2.9 per cent—that has now faded.

In the fourth quarter of last year, G.D.P.—the broadest measure of activity in the economy—expanded at an annual rate of 2.1 per cent, the new report from the Commerce Department showed. Taking 2019 as a whole, G.D.P. grew at 2.3 per cent. These growth rates are nowhere near the four-per-cent growth that Trump promised in 2016. Instead, they are in line with the average growth rate since 2000, which is 2.2 per cent. And this ho-hum outcome has only been achieved at a tremendous cost. The federal government is now running an enormous budget deficit and accumulating vast amounts of new debt, which will burden taxpayers for decades to come. After three years of Trump’s Presidency, in fact, the United States is starting to look like one of his highly indebted business ventures.

This year, the new report from the C.B.O. says, the deficit will be about a trillion dollars. Ten years from now, it will be roughly $1.3 trillion. Numbers like these are so big that they are hard to take in. The way economists make sense of them is by comparing the dollar amount to the level of G.D.P., much like a family might compare its mortgage to its income. If you do this, you can see just how out of whack with history the Trump Presidency really is.

According to the C.B.O.’s projections, the budget deficit will be 4.6 per cent of G.D.P. this year, and by 2030 it will have risen to 5.4 per cent of G.D.P. Before Trump took office, the United States had never run sustained deficits of this magnitude except during wars ...



I clearly remember Democrats and the left bitching about Walmart importing goods from China to sell in the U.S.,
and hurting the made in U.S.A. brand and that it would be better to suffer with higher prices instead. Now that Trump got tougher with China, you all want to bitch about it because its Trump. Well, now its time to either get better trade deals with China, or figure out other means. Guarantee you that Clinton's NAFTA was much worse than anything Trump could do. I remember the work in the US evaporating back then. The world economy will begin to recover when the virus runs its course.

The current world downturn is due to the damn virus and the worlds reaction to it. Of course your going to blame it on Trump, what else would you do? Does Trump cause your toast to burn? Does he turn your milk sour, make your colors run in the wash? shrink your wool shirts and hide the matching pairs of your sockS? It's simply amazing, he has become the borg, assimilating every aspect of your life and turning it to shit.

Donald Trump has splattered the economy and the US moral fabric with lies and bullshit.

Donald Trump and his whole administration is corrupt.
 
... as empty and vacuous as Donald Trump's cranium.

Donald Trump promised the world and delivered a world of financial hurt and ruin.

Donald Trump started a trade war which is not going well. The trade war negated Donald Trump's stimulation of the US economy by blowout debt.

How can Donald Trump's howling mob believe the bullshit, blather, slander, and insults he feeds them at his rallies?

The US economy is in a parlous condition with government debt increasing faster than GDP and interest on debt growing so fast it will be unpayable.

Dopey, morally bankrupt, Donald Trump has broken the world economy which was so peaceful and growing at the end of Obama's tenure.

New Reports Show That Trump’s Economic Promises Were Empty

New Reports Show That Trump’s Economic Promises Were Empty

By John Cassidy

January 31, 2020

Two new reports suggest that, although the boost from President Trump’s 2017 tax cuts is fading, the resulting budget deficit will linger for decades.

With the impeachment trial, the coronavirus, and the Iowa caucuses in the news, dry economic statistics aren’t getting much attention right now. But two new reports—the latest gross-domestic-product figures from the Commerce Department and a new set of budget projections from the Congressional Budget Office—shouldn’t be allowed to pass without comment. Indeed, the issues they raise should be central to the 2020 election.

The core of Donald Trump’s platform is that his policies have produced what he touts as “The Greatest Economy in American History!” The truth is very different. By enacting a huge tax cut, in late 2017, that was heavily slanted toward corporations and the rich, Trump and the Republicans gave the economy a temporary boost—in 2018, it grew at an annual rate of 2.9 per cent—that has now faded.

In the fourth quarter of last year, G.D.P.—the broadest measure of activity in the economy—expanded at an annual rate of 2.1 per cent, the new report from the Commerce Department showed. Taking 2019 as a whole, G.D.P. grew at 2.3 per cent. These growth rates are nowhere near the four-per-cent growth that Trump promised in 2016. Instead, they are in line with the average growth rate since 2000, which is 2.2 per cent. And this ho-hum outcome has only been achieved at a tremendous cost. The federal government is now running an enormous budget deficit and accumulating vast amounts of new debt, which will burden taxpayers for decades to come. After three years of Trump’s Presidency, in fact, the United States is starting to look like one of his highly indebted business ventures.

This year, the new report from the C.B.O. says, the deficit will be about a trillion dollars. Ten years from now, it will be roughly $1.3 trillion. Numbers like these are so big that they are hard to take in. The way economists make sense of them is by comparing the dollar amount to the level of G.D.P., much like a family might compare its mortgage to its income. If you do this, you can see just how out of whack with history the Trump Presidency really is.

According to the C.B.O.’s projections, the budget deficit will be 4.6 per cent of G.D.P. this year, and by 2030 it will have risen to 5.4 per cent of G.D.P. Before Trump took office, the United States had never run sustained deficits of this magnitude except during wars ...


Compare the U.S economy to the world and the U.S is doing much better.

I do agree, the U.S debt is a problem, as is almost every Western nations debt. Nobody can stop it because people don't vote for austerity so everyone promises more and more, all to fund their own boutiques.

I think Trump doesn't like the debt, but he will never get the government to pass something without more spending. It's been embraced by everyone, those making the cash don't care, they will just fly over to their own private islands if inflation and another Great Depression hit.

I'm shocked, and I'm not Canadian.

The blatant pumping of the economy with the proceeds of debt is scurrilous.

In foreign affairs, Dopey Donald Trump uses carrots as a suppository.
 

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