Economy Reaches Longest Expansion in U.S. History

[Harpy Eagle]

ME: Yes I know this is a couple of months old but the historic landmark of the Economy Reaching the Longest Expansion in U.S. History is important to note in the current climate.

[/QUOTE]

Yes it is important to note the landmark of the Economy Reaching the Longest Expansion.

It is also important to note that Trump was president for less than 30% of said expansion.

 

[Terri4Trump]

US Economic Outlook for 2020 and Beyond
Experts Forecast Steady Growth
What Will the Economy Do in 2020 and Beyond?

The U.S. economic outlook is healthy according to the key economic indicators. The most critical indicator is the gross domestic product, which measures the nation's production output. The GDP growth rate is expected to fall below the 2% and 3% ideal range. Unemployment is forecast to continue below the natural rate. There isn't too much inflation or deflation. That's close to a Goldilocks economy.

 

[Terri4Trump]

America's booming economy is Trump’s 2020 tailwind
History shows America's booming economy could hand Trump a win in 2020

Every incumbent president since FDR who has avoided a recession in the lead-up to an election year was re-elected.

Why it matters: More Americans are saying they approve of President Trump's handling of the economy, even though they disapprove overall. 51% of people disapprove of Trump's job performance in a Wall Street Journal/NBC News poll out last week, but 51% approve of him on the economy. If he loses, it would be a big break with recent history.

The 2020 election is about 18 months away, and key metrics show the economy is surprising to the upside.

Details:

• The economy grew 2.3% during Trump's first full year in office, and it hit 2.9% in 2018 — slightly less than the 3% the White House promised, but still the fastest annual pace since 2015.
• Unemployment is at a 50-year low, and the stretch of job growth that began under Obama has continued for a record 103 months.
• By the Federal Reserve's own guidance, low interest rates will stay low for a while longer. (In fact, inflation is so tepid, traders are betting interest rates will be even lower in coming months.)

 

[Dragonlady]

America's booming economy is Trump’s 2020 tailwind
History shows America's booming economy could hand Trump a win in 2020

Every incumbent president since FDR who has avoided a recession in the lead-up to an election year was re-elected.

Why it matters: More Americans are saying they approve of President Trump's handling of the economy, even though they disapprove overall. 51% of people disapprove of Trump's job performance in a Wall Street Journal/NBC News poll out last week, but 51% approve of him on the economy. If he loses, it would be a big break with recent history.

The 2020 election is about 18 months away, and key metrics show the economy is surprising to the upside.

Details:

• The economy grew 2.3% during Trump's first full year in office, and it hit 2.9% in 2018 — slightly less than the 3% the White House promised, but still the fastest annual pace since 2015.
• Unemployment is at a 50-year low, and the stretch of job growth that began under Obama has continued for a record 103 months.
• By the Federal Reserve's own guidance, low interest rates will stay low for a while longer. (In fact, inflation is so tepid, traders are betting interest rates will be even lower in coming months.)

But the rest of the Presidents weren’t lying, treasonous scumbags like Trump.

I love the roses and sunshine forecast which ignores the long term losses in your export markets, and the lack of impact of the tax cuts on job creation or business investment, not to mention the stimulus of one of the highest deficits in history.

Trump is buying this robust economy on the backs of the working people and the national debt.

 

[Terri4Trump]

[........Trump is buying this robust economy on the backs of the working people and the national debt.

You're just a liar, plain and simple, and a pretty ignorant one at that.

Trump is allowing business to grow by getting rid of strangling regulations, and that is REAL job growth

 

[WTH_Progs?]

[........Trump is buying this robust economy on the backs of the working people and the national debt.

You're just a liar, plain and simple, and a pretty ignorant one at that.

Trump is allowing business to grow by getting rid of strangling regulations, and that is REAL job growth

Correct, especially your first point.

 

[Dragonlady]

[........Trump is buying this robust economy on the backs of the working people and the national debt.

You're just a liar, plain and simple, and a pretty ignorant one at that.

Trump is allowing business to grow by getting rid of strangling regulations, and that is REAL job growth

Correct, especially your first point.

Business aren't growing. That's the whole point. Manufacturing output is now at the same level it was in 2009. Trump's much vaunted trade deal resets trade between the two countries at what it was in 2017 before the tariffs, and gets nothing in return. The Chinese promises all require 2 years to complete - increased agricultural purchase AFTER TWO YEARS, but Trump will be gone in 2020, so the two year promises are meaningless.

 

[Dragonlady]

[........Trump is buying this robust economy on the backs of the working people and the national debt.

You're just a liar, plain and simple, and a pretty ignorant one at that.

Trump is allowing business to grow by getting rid of strangling regulations, and that is REAL job growth

Correct, especially your first point.

Business aren't growing. That's the whole point. Manufacturing output is now at the same level it was in 2009. Trump's much vaunted trade deal resets trade between the two countries at what it was in 2017 before the tariffs, and gets nothing in return. The Chinese promises all require 2 years to complete - increased agricultural purchase AFTER TWO YEARS, but Trump will be gone in 2020, so the two year promises are meaningless.

Prove I lied about anything. With creditable sources.

 

[WTH_Progs?]

[........Trump is buying this robust economy on the backs of the working people and the national debt.

You're just a liar, plain and simple, and a pretty ignorant one at that.

Trump is allowing business to grow by getting rid of strangling regulations, and that is REAL job growth

Correct, especially your first point.

Business aren't growing. That's the whole point. Manufacturing output is now at the same level it was in 2009. Trump's much vaunted trade deal resets trade between the two countries at what it was in 2017 before the tariffs, and gets nothing in return. The Chinese promises all require 2 years to complete - increased agricultural purchase AFTER TWO YEARS, but Trump will be gone in 2020, so the two year promises are meaningless.

Prove I lied about anything. With creditable sources.

You make yourself an easy target. You said the GDP under Trump is less than O'bummer's. Here's your credible source, but there's nothing credible when it comes to you. You're not right about anything. An Annual Review of the U.S. Economy Since 1929

 

[Bush92]

Economy Reaches Longest Expansion in U.S. History in Third Quarter of 2019, Beats Market Expectations
Economy Reaches Longest Expansion in U.S. History in Third Quarter of 2019, Beats Market Expectations

The current economic expansion, which began roughly a decade ago, became the longest in U.S. history on July 1, 2019, beating the previous record that lasted from March 1991 through March 2001. As today’s advance Gross Domestic Product (GDP) release confirms, economic growth continued in the third quarter of 2019, beating market expectations and adding to the expansion’s record length. The release also confirms that the Trump Administration’s policies support sustained economic growth and lead to higher incomes for American families.

In its final projection before the 2016 election, the Congressional Budget Office (CBO) estimated that real GDP would grow at a 2.1 percent annual rate in the first 11 quarters of a new Administration. Instead, under President Trump, real GDP as of the third quarter has grown at a strong 2.6 percent annual rate since the election. As of the third quarter, real GDP is $230 billion—or 1.2 percent—higher than CBO’s projection (Figure 1). Furthermore, under President Obama’s expansion period, real GDP grew at only a 2.2 percent annual rate compared to the Trump Administration’s 2.6 percent rate.

ME: Yes I know this is a couple of months old but the historic landmark of the Economy Reaching the Longest Expansion in U.S. History is important to note in the current climate.

All the way with Donald J!!!

 

[WTH_Progs?]

[........Trump is buying this robust economy on the backs of the working people and the national debt.

You're just a liar, plain and simple, and a pretty ignorant one at that.

Trump is allowing business to grow by getting rid of strangling regulations, and that is REAL job growth

Correct, especially your first point.

Business aren't growing. That's the whole point. Manufacturing output is now at the same level it was in 2009. Trump's much vaunted trade deal resets trade between the two countries at what it was in 2017 before the tariffs, and gets nothing in return. The Chinese promises all require 2 years to complete - increased agricultural purchase AFTER TWO YEARS, but Trump will be gone in 2020, so the two year promises are meaningless.

I only read your first sentence. Of course you're wrong, you're always wrong: Manufacturing Sector: Real Output

 

[Mac1958]

Regardless of who gets the credit from the wingers...



... a lot of people I trust are thinking this still has a nice ways to go. That 20% drop at the end of 2018 may be our "bear market" for a while. If the China deal turns out to be good and wages keep improving we'll be in good shape for some time.

This is being helped quite a bit by exploding the deficit and knowing that the Fed is pouring hundreds of billions back into markets, but we take the good where we find it. Evidently we'll wait until later to pay the piper, maybe 2025 when the tax cuts expire. Interesting that they expire in 2025, huh?
.

 

[Harpy Eagle]

[........Trump is buying this robust economy on the backs of the working people and the national debt.

You're just a liar, plain and simple, and a pretty ignorant one at that.

Trump is allowing business to grow by getting rid of strangling regulations, and that is REAL job growth

Correct, especially your first point.

Business aren't growing. That's the whole point. Manufacturing output is now at the same level it was in 2009. Trump's much vaunted trade deal resets trade between the two countries at what it was in 2017 before the tariffs, and gets nothing in return. The Chinese promises all require 2 years to complete - increased agricultural purchase AFTER TWO YEARS, but Trump will be gone in 2020, so the two year promises are meaningless.

I only read your first sentence. Of course you're wrong, you're always wrong: Manufacturing Sector: Real Output

She was off by a year wasn't she. Manufacturing output is now at the same level it was in 2008, not 2009

 

[WTH_Progs?]

[........Trump is buying this robust economy on the backs of the working people and the national debt.

You're just a liar, plain and simple, and a pretty ignorant one at that.

Trump is allowing business to grow by getting rid of strangling regulations, and that is REAL job growth

Correct, especially your first point.

Business aren't growing. That's the whole point. Manufacturing output is now at the same level it was in 2009. Trump's much vaunted trade deal resets trade between the two countries at what it was in 2017 before the tariffs, and gets nothing in return. The Chinese promises all require 2 years to complete - increased agricultural purchase AFTER TWO YEARS, but Trump will be gone in 2020, so the two year promises are meaningless.

I only read your first sentence. Of course you're wrong, you're always wrong: Manufacturing Sector: Real Output

She was off by a year wasn't she. Manufacturing output is now at the same level it was in 2008, not 2009

2015-2016 (two years) steadily declined (beginning 1st qtr. 2015)
2nd qtr. 2015 102.98
4th qtr. 2015 102.58
2nd qtr. 2016 102.41
3rd qtr. 2016 102.87
4th qtr. 2016 103.57 (looking forward to Trump)
2nd qtr. 2017 105.25
3rd qtr. 2019 108.04