Greatest Economy Ever at 1.9% GDP

[Weatherman2020]

And far short of what’s needed to pay for the tax cuts. Remember the growth that was promised? You like huge deficits?

We'd have been there too had the Fed not chocked off the economy with their spikes in interest rates.

The economy is going to remain choked off even with the cuts. Far, far too many believe that Wall Street is the economy. It is not. No one was begging for rate cuts other than wall street.

Yeah, with this economy everyone will embrace communism.
Run with that, Sparky.

 

[SassyIrishLass]

The GDP used to be a decent measure of economic growth but it's changed, we're now a more serviced based economy instead of industrial mass produced goods and it doesn't factor in digital services. To be fair that applied with Obama's economy also

Why GDP is a poor measure of progress

 

[Toddsterpatriot]

And yet, the market has performed better since Trump was elected than it did under Obama.

False.

Show me.
1/20/2009-11/8/2016 versus
11/9/2016-10/30/2019

 

[Mac1958]

GDP slows slightly to 1.9% in the third quarter
The Fed will step in again, most likely. Markets will expect it now.

Did you complain about Obama's .8 % growth?

Probably not (although it was quite a bit higher, as you know). But then, I was just thankful that we were getting out of the historic ******* mess he inherited.

And of course, he wasn't running around making stupid promises like 5% and 6% growth. Because he's not a buffoon like Trump.
.

 

[Mac1958]

GDP slows slightly to 1.9% in the third quarter

The Fed will step in again, most likely. Markets will expect it now.
.

Did you complain about Obama's .8 % growth?

What .8% growth?

Real GDP growth under Obama from after Bush's Great Recession ended:

2.4%

Real GDP growth under Trump:

2.6%

https://www.bea.gov/system/files/2019-10/gdplev_0.xlsx

Waste of time.
.

 

[Markle]

What .8% growth?

Real GDP growth under Obama from after Bush's Great Recession ended:

2.4%

Real GDP growth under Trump:

2.6%

https://www.bea.gov/system/files/2019-10/gdplev_0.xlsx

If you want the GDP, why not post all the facts?

 

[Markle]

Probably not (although it was quite a bit higher, as you know). But then, I was just thankful that we were getting out of the historic ******* mess he inherited.

And of course, he wasn't running around making stupid promises like 5% and 6% growth. Because he's not a buffoon like Trump.

Plenty of time left, six more years! Patience my son.

 

[Mac1958]

Probably not (although it was quite a bit higher, as you know). But then, I was just thankful that we were getting out of the historic ******* mess he inherited.

And of course, he wasn't running around making stupid promises like 5% and 6% growth. Because he's not a buffoon like Trump.

Plenty of time left, six more years! Patience my son.

And you'd be spinning and making excuses then, too.

That's what sheep do.
.

 

[Faun]

Unemployment is all he has. Market is stagnant. Sure can’t make money on interest. Retired people can’t be too happy. And given our economic indicators such as a slow 1.9% growth, i doubt he’ll have unemployment come
Election Day.

Market is stagnant.

And yet, the market has performed better since Trump was elected than it did under Obama.

WTF??

DJIA
1/20/2009 ...... 7949.09
1/20/2017 ... 19,827.25
TODAY ......... 26,978.35

NASDAQ
1/20/2009 ...... 1,520.76
1/20/2017 ...... 5,556.87
TODAY ............ 8,272.09

S&P500
1/20/2009 ......... 849.64
1/20/2017 ...... 2,269.96
TODAY ............ 3,028.79

Obama:

• DJIA: UP 149%
• NASDAQ: UP 265%
• S&P500: UP 167%

Trump:

• DJIA: UP 36%
• NASDAQ: UP 49%
• S&P500: UP 33%

since Trump was elected than it did under Obama.

You need to look at Obama from 1/20/2009 - 11/07/2016
You need to look at Trump from 11/08/2016 - 10/30/2019

LOLOL

No, I don't need to look at how Bush's Great Recession dragged down Onama's numbers just to make Trump look better.

I understand, because you'd have to admit the market performed better since Trump was elected.

LOL

It still didn't. Not even if you want to give credit to Trump for gains made under Obama.


DJIA
01/20/2009 ...... 7949.09
11/07/2016 ... 18,259.60
10/30/2019 ... 27,186.69

NASDAQ
01/20/2009 ...... 1,520.76
11/07/2016 ...... 5,166.17
10/30/2019 ...... 8,303.98

S&P500
01/20/2009 ......... 849.64
11/07/2016 ...... 2,131.52
10/30/2019 ...... 3,046.77

Obama:

• DJIA: UP 130%
• NASDAQ: UP 240%
• S&P500: UP 151%

Trump:

• DJIA: UP 49%
• NASDAQ: UP 61%
• S&P500: UP 43%

So in your moment of desperation, trying to shift numbers in favor of Trump, your idiotic claim that the market did better under Trump than Obama still remains bullshit.

Even with your skewed dates, Obama still did roughly 3 times better than Trump.

 

[Brain357]

And far short of what’s needed to pay for the tax cuts. Remember the growth that was promised? You like huge deficits?

We'd have been there too had the Fed not chocked off the economy with their spikes in interest rates.

The fed rate is at historical lows and has been for trumps whole term. You live in fantasy land.

 

[Brain357]

Trump has at least doubled the last Obama deficit. Repubs can’t pretend to be responsible...

What is your definition of a deficit?

Sorry, almost doubled.

 

[Brain357]

LOLOL

Maybe you didn't, but most did. He took us out of Bush's Great Recession and handed Trump a strong economy. Unemployment dropping from 10% to 4.7%.

Sorry you missed it.

Slowest recovery in history.

And about the same speed now...

 

[Faun]

What .8% growth?

Real GDP growth under Obama from after Bush's Great Recession ended:

2.4%

Real GDP growth under Trump:

2.6%

https://www.bea.gov/system/files/2019-10/gdplev_0.xlsx

If you want the GDP, why not post all the facts?

I posted the actual figures straight from the BEA.

It's not my problem you don't like 'em

 

[Toddsterpatriot]

Market is stagnant.

And yet, the market has performed better since Trump was elected than it did under Obama.

WTF??

DJIA
1/20/2009 ...... 7949.09
1/20/2017 ... 19,827.25
TODAY ......... 26,978.35

NASDAQ
1/20/2009 ...... 1,520.76
1/20/2017 ...... 5,556.87
TODAY ............ 8,272.09

S&P500
1/20/2009 ......... 849.64
1/20/2017 ...... 2,269.96
TODAY ............ 3,028.79

Obama:

• DJIA: UP 149%
• NASDAQ: UP 265%
• S&P500: UP 167%

Trump:

• DJIA: UP 36%
• NASDAQ: UP 49%
• S&P500: UP 33%

since Trump was elected than it did under Obama.

You need to look at Obama from 1/20/2009 - 11/07/2016
You need to look at Trump from 11/08/2016 - 10/30/2019

LOLOL

No, I don't need to look at how Bush's Great Recession dragged down Onama's numbers just to make Trump look better.

I understand, because you'd have to admit the market performed better since Trump was elected.

Sorry, my bad,

Market is stagnant.

And yet, the market has performed better since Trump was elected than it did under Obama.

WTF??

DJIA
1/20/2009 ...... 7949.09
1/20/2017 ... 19,827.25
TODAY ......... 26,978.35

NASDAQ
1/20/2009 ...... 1,520.76
1/20/2017 ...... 5,556.87
TODAY ............ 8,272.09

S&P500
1/20/2009 ......... 849.64
1/20/2017 ...... 2,269.96
TODAY ............ 3,028.79

Obama:

• DJIA: UP 149%
• NASDAQ: UP 265%
• S&P500: UP 167%

Trump:

• DJIA: UP 36%
• NASDAQ: UP 49%
• S&P500: UP 33%

since Trump was elected than it did under Obama.

You need to look at Obama from 1/20/2009 - 11/07/2016
You need to look at Trump from 11/08/2016 - 10/30/2019

LOLOL

No, I don't need to look at how Bush's Great Recession dragged down Onama's numbers just to make Trump look better.

I understand, because you'd have to admit the market performed better since Trump was elected.

LOL

It still didn't. Not even if you want to give credit to Trump for gains made under Obama.


DJIA
01/20/2009 ...... 7949.09
11/07/2016 ... 18,259.60
10/30/2019 ... 27,186.69

NASDAQ
01/20/2009 ...... 1,520.76
11/07/2016 ...... 5,166.17
10/30/2019 ...... 8,303.98

S&P500
01/20/2009 ......... 849.64
11/07/2016 ...... 2,131.52
10/30/2019 ...... 3,046.77

Obama:

• DJIA: UP 130%
• NASDAQ: UP 240%
• S&P500: UP 151%

Trump:

• DJIA: UP 49%
• NASDAQ: UP 61%
• S&P500: UP 43%

So in your moment of desperation, trying to shift numbers in favor of Trump, your idiotic claim that the market did better under Trump than Obama still remains bullshit.

Even with your skewed dates, Obama still did roughly 3 times better than Trump.

Not even if you want to give credit to Trump for gains made under Obama

Why would Obama deserve credit for the nearly 6% gain in the S&P between Trump's election and his inauguration? Was lame duck Obama, with a Republican House and Senate doing something good for the market or the economy?

your idiotic claim that the market did better under Trump than Obama still remains bullshit.

You still can't do the math, can you?

Even with your skewed dates, Obama still did roughly 3 times better than Trump.

Hilarious!

What was Obama's annual return? Use 7.8 years.

What was Trump's annual return? Use 3 years.

 

[Toddsterpatriot]

And far short of what’s needed to pay for the tax cuts. Remember the growth that was promised? You like huge deficits?

We'd have been there too had the Fed not chocked off the economy with their spikes in interest rates.

The fed rate is at historical lows and has been for trumps whole term. You live in fantasy land.

The fed rate is at historical lows and has been for trumps whole term.

The Fed Funds rate was 0.25% for Obama's first 7 years.
It's never been that low under Trump. Currently at 1.75%

 

[Toddsterpatriot]

And far short of what’s needed to pay for the tax cuts. Remember the growth that was promised? You like huge deficits?

We'd have been there too had the Fed not chocked off the economy with their spikes in interest rates.

The fed rate is at historical lows and has been for trumps whole term. You live in fantasy land.

The fed rate is at historical lows and has been for trumps whole term.

DURR

 

[Brain357]

And far short of what’s needed to pay for the tax cuts. Remember the growth that was promised? You like huge deficits?

We'd have been there too had the Fed not chocked off the economy with their spikes in interest rates.

The fed rate is at historical lows and has been for trumps whole term. You live in fantasy land.

The fed rate is at historical lows and has been for trumps whole term.

The Fed Funds rate was 0.25% for Obama's first 7 years.
It's never been that low under Trump. Currently at 1.75%

We have a bit more history than that. Was over 5 for much of the Clinton presidency. When we had much stronger growth and actually lowered deficits.

Highest and Lowest Interest Rates and Why They Changed

 

[Faun]

WTF??

DJIA
1/20/2009 ...... 7949.09
1/20/2017 ... 19,827.25
TODAY ......... 26,978.35

NASDAQ
1/20/2009 ...... 1,520.76
1/20/2017 ...... 5,556.87
TODAY ............ 8,272.09

S&P500
1/20/2009 ......... 849.64
1/20/2017 ...... 2,269.96
TODAY ............ 3,028.79

Obama:

• DJIA: UP 149%
• NASDAQ: UP 265%
• S&P500: UP 167%

Trump:

• DJIA: UP 36%
• NASDAQ: UP 49%
• S&P500: UP 33%

since Trump was elected than it did under Obama.

You need to look at Obama from 1/20/2009 - 11/07/2016
You need to look at Trump from 11/08/2016 - 10/30/2019

LOLOL

No, I don't need to look at how Bush's Great Recession dragged down Onama's numbers just to make Trump look better.

I understand, because you'd have to admit the market performed better since Trump was elected.

Sorry, my bad,

WTF??

DJIA
1/20/2009 ...... 7949.09
1/20/2017 ... 19,827.25
TODAY ......... 26,978.35

NASDAQ
1/20/2009 ...... 1,520.76
1/20/2017 ...... 5,556.87
TODAY ............ 8,272.09

S&P500
1/20/2009 ......... 849.64
1/20/2017 ...... 2,269.96
TODAY ............ 3,028.79

Obama:

• DJIA: UP 149%
• NASDAQ: UP 265%
• S&P500: UP 167%

Trump:

• DJIA: UP 36%
• NASDAQ: UP 49%
• S&P500: UP 33%

since Trump was elected than it did under Obama.

You need to look at Obama from 1/20/2009 - 11/07/2016
You need to look at Trump from 11/08/2016 - 10/30/2019

LOLOL

No, I don't need to look at how Bush's Great Recession dragged down Onama's numbers just to make Trump look better.

I understand, because you'd have to admit the market performed better since Trump was elected.

LOL

It still didn't. Not even if you want to give credit to Trump for gains made under Obama.


DJIA
01/20/2009 ...... 7949.09
11/07/2016 ... 18,259.60
10/30/2019 ... 27,186.69

NASDAQ
01/20/2009 ...... 1,520.76
11/07/2016 ...... 5,166.17
10/30/2019 ...... 8,303.98

S&P500
01/20/2009 ......... 849.64
11/07/2016 ...... 2,131.52
10/30/2019 ...... 3,046.77

Obama:

• DJIA: UP 130%
• NASDAQ: UP 240%
• S&P500: UP 151%

Trump:

• DJIA: UP 49%
• NASDAQ: UP 61%
• S&P500: UP 43%

So in your moment of desperation, trying to shift numbers in favor of Trump, your idiotic claim that the market did better under Trump than Obama still remains bullshit.

Even with your skewed dates, Obama still did roughly 3 times better than Trump.

Not even if you want to give credit to Trump for gains made under Obama

Why would Obama deserve credit for the nearly 6% gain in the S&P between Trump's election and his inauguration? Was lame duck Obama, with a Republican House and Senate doing something good for the market or the economy?

your idiotic claim that the market did better under Trump than Obama still remains bullshit.

You still can't do the math, can you?

Even with your skewed dates, Obama still did roughly 3 times better than Trump.

Hilarious!

What was Obama's annual return? Use 7.8 years.

What was Trump's annual return? Use 3 years.

"Why would Obama deserve credit for the nearly 6% gain in the S&P between Trump's election and his inauguration?"

Because Obama was still president and the economy was still driving under his policies. Whereas Trump had not passed a single one of his policies. Even worse for your ridiculous nonsense, there isn't a poster on this forum who knows you'd be blaming Obama, and not Trump, had the market gone down during that period.

"Hilarious! What was Obama's annual return? Use 7.8 years. What was Trump's annual return? Use 3 years."

What's hilarious is your utter desperation to keep shifting the parameters, hoping to find some algorithm to get Trump ahead of Obama.

But guess what? You fail yet again.

Even using you're skewed date range and even using your math, Obama still comes out ahead....

Obama:

• DJIA: UP 17%
• NASDAQ: UP 31%
• S&P500: UP 19%

Trump:

• DJIA: UP 16%
• NASDAQ: UP 20%
• S&P500: UP 14%

Time for you to think up something new. This one's failed you 3 times now.

 

[Brain357]

And far short of what’s needed to pay for the tax cuts. Remember the growth that was promised? You like huge deficits?

We'd have been there too had the Fed not chocked off the economy with their spikes in interest rates.

The fed rate is at historical lows and has been for trumps whole term. You live in fantasy land.

The fed rate is at historical lows and has been for trumps whole term.

View attachment 287341

DURR

Wow, lotta history you grabbed there. Are you always such a joke? They lower rates during a recession...

 

[Faun]

And far short of what’s needed to pay for the tax cuts. Remember the growth that was promised? You like huge deficits?

We'd have been there too had the Fed not chocked off the economy with their spikes in interest rates.

The fed rate is at historical lows and has been for trumps whole term. You live in fantasy land.

The fed rate is at historical lows and has been for trumps whole term.

The Fed Funds rate was 0.25% for Obama's first 7 years.
It's never been that low under Trump. Currently at 1.75%

LOLOL

Poor baby Donny Boo Boo .... the world's greatest businessman, greatest president, greatest economy ever .... can't compete with Obama, who rightards call a socialist Kenyan who was the worst president ever, because the federal fund rate went up a measly one point since he's been president.