Q1 2019 watch - if under 3.0% - where is Trump’s economic miracle - can Trump beat O’s 2.9% ever?

ph3iron

VIP Member
Joined
Jul 22, 2010
Messages
6,686
Reaction score
292
Points
85
The OP is a troll. I get to devour his "point".

1. Trump matched Obama's 2.9%.
2. Obama's average was 1.59%.
3. Trump's average is 2.53%
4. Obama's last year was 1.6%.

There was more room for growth under Obama, due to economic recovery from the recession. I don't expect PROGS to admit to or understand the logic. Regardless, Trump clearly trumps O'bummer.

TrumpO’s economy way below 2017 Tax Cut Projections. A will never beat beat Obama economy when based on GDP growth:


The U.S. economy grew 2.1% in the fourth quarter, matching estimates.​
  • The 2.3% growth in U.S. gross domestic product for the full year was below the 2.9% increase from 2018 and the 2.4% gain in 2017.
  • It also was well below the White House's projections following the 2017 tax revamp.
  • Continued gains in consumer spending helped propel the economy in the year's final three months
Fourth-quarter GDP rose only 2.1% and full-year 2019 posts slowest growth in three years at 2.3%
WASHINGTON — The U.S. economy grew 2.1% in the fourth quarter, closing out a year in which gross domestic product decelerated to its slowest pace in three years amid a continuing drag in business investment.

So m what’s with the TRUMPO drag on business investments?
Real GDP under Trump ... 2.6%

Under Obama since the end of Bush's Great Recession ... 2.4%
Here’s more data
2010-16. 2.2


2000- 09. 1.8

1990- 99. 3.6. 2.4 average

1980-89. 2.7

1970-80. 2.1
I presume the old white trump fart thinks mueller exonerated him.
Like 90% of republicans, never read the report
 

ph3iron

VIP Member
Joined
Jul 22, 2010
Messages
6,686
Reaction score
292
Points
85
The OP is a troll. I get to devour his "point".

1. Trump matched Obama's 2.9%.
2. Obama's average was 1.59%.
3. Trump's average is 2.53%
4. Obama's last year was 1.6%.

There was more room for growth under Obama, due to economic recovery from the recession. I don't expect PROGS to admit to or understand the logic. Regardless, Trump clearly trumps O'bummer.
Obummer
Say no more.
Zero college trumpanzee?

Where’s the 5%?
I see,o created the depression so he could create more room?
I remember o created more jobs in his last 3years than the con did in his first three
2, let me check
I assume you are sucking off your socialist benefits?
Where do you get your 1.6from?knees news?
 
OP
NotfooledbyW

NotfooledbyW

Gold Member
Joined
Jul 9, 2014
Messages
10,190
Reaction score
1,088
Points
245
1. Trump matched Obama's 2.9%.
Exactly. TrumpO said staying under 3.0 was a failed economic Presidency since Obama was the first President to do that.

Its true, so TrumpO and you to be honest must now admit that TrumpO is having a failed economic Presidency by his own standard.

The failure to achieve a full years growth about 3.0.

And TrumpO said his tax cuts wouid push GDP
above 3.0 to 4.0 and each 6.0. So he lied.
 

WTH_Progs?

Gold Member
Joined
Feb 19, 2019
Messages
2,412
Reaction score
916
Points
210
The OP is a troll. I get to devour his "point".

1. Trump matched Obama's 2.9%.
2. Obama's average was 1.59%.
3. Trump's average is 2.53%
4. Obama's last year was 1.6%.

There was more room for growth under Obama, due to economic recovery from the recession. I don't expect PROGS to admit to or understand the logic. Regardless, Trump clearly trumps O'bummer.

TrumpO’s economy way below 2017 Tax Cut Projections. A will never beat beat Obama economy when based on GDP growth:


The U.S. economy grew 2.1% in the fourth quarter, matching estimates.​
  • The 2.3% growth in U.S. gross domestic product for the full year was below the 2.9% increase from 2018 and the 2.4% gain in 2017.
  • It also was well below the White House's projections following the 2017 tax revamp.
  • Continued gains in consumer spending helped propel the economy in the year's final three months
Fourth-quarter GDP rose only 2.1% and full-year 2019 posts slowest growth in three years at 2.3%
WASHINGTON — The U.S. economy grew 2.1% in the fourth quarter, closing out a year in which gross domestic product decelerated to its slowest pace in three years amid a continuing drag in business investment.

So m what’s with the TRUMPO drag on business investments?
Real GDP under Trump ... 2.6%

Under Obama since the end of Bush's Great Recession ... 2.4%
Here’s more data
2010-16. 2.2


2000- 09. 1.8

1990- 99. 3.6. 2.4 average

1980-89. 2.7

1970-80. 2.1
I presume the old white trump fart thinks mueller exonerated him.
Like 90% of republicans, never read the report
I know you think mueller made an accusation, never mind one that would stick.
Like 90% of Democrats who never read or could comprehend the report[/QUOTE]
 

Brain357

Platinum Member
Joined
Mar 30, 2013
Messages
32,642
Reaction score
2,048
Points
1,115
1. Trump matched Obama's 2.9%.
Exactly. TrumpO said staying under 3.0 was a failed economic Presidency since Obama was the first President to do that.

Its true, so TrumpO and you to be honest must now admit that TrumpO is having a failed economic Presidency by his own standard.

The failure to achieve a full years growth about 3.0.

And TrumpO said his tax cuts wouid push GDP
above 3.0 to 4.0 and each 6.0. So he lied.
Trump won’t be honest....
 
OP
NotfooledbyW

NotfooledbyW

Gold Member
Joined
Jul 9, 2014
Messages
10,190
Reaction score
1,088
Points
245
TrumpO will never have a full year GDP above 3% as promised.

TRUMPo will end the record eleven years of continuous economic growth that Obama started.

This recession is all his. T TrumpO could have averted recession with Pandemic preparedness.

Goldman Sachs now says US GDP will shrink 24% next quarter amid the coronavirus pandemic - which would be 2.5 times bigger than any decline in history

Carmen Reinicke
Mar. 20, 2020, 01:21 PM​
 

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
123,179
Reaction score
17,723
Points
2,180
TrumpO will never have a full year GDP above 3% as promised.

TRUMPo will end the record eleven years of continuous economic growth that Obama started.

This recession is all his. T TrumpO could have averted recession with Pandemic preparedness.

Goldman Sachs now says US GDP will shrink 24% next quarter amid the coronavirus pandemic - which would be 2.5 times bigger than any decline in history

Carmen Reinicke
Mar. 20, 2020, 01:21 PM​
This is the fake news recession, dumbass
 
OP
NotfooledbyW

NotfooledbyW

Gold Member
Joined
Jul 9, 2014
Messages
10,190
Reaction score
1,088
Points
245
This is the fake news recession, dumbass
It’s not the news media Predicting it . It Is the banks and investment firms. TRUMPO’s swamp pals,​

“Next week, roughly 3 million Americans will file first-time claims for unemployment assistance, more than four times the record high set in the depths of the 1982 recession, according to Bank of America Merrill Lynch. That is just the start of a surge that could send the jobless rate spiking to 20 percent from today’s 3.5 percent, a JPMorgan Chase economist told clients on a conference call Friday,” the newspaper reported.​

“Estimates of the pandemic’s overall cost are staggering. Bridgewater Associates, a hedge fund manager, says the economy will shrink over the next three months at an annual rate of 30 percent. Goldman Sachs pegs the drop at 24 percent,” The Post reported. “JPMorgan Chase says 14 percent.”​

 

bripat9643

Diamond Member
Joined
Apr 1, 2011
Messages
123,179
Reaction score
17,723
Points
2,180
This is the fake news recession, dumbass
It’s not the news media Predicting it . It Is the banks and investment firms. TRUMPO’s swamp pals,​

“Next week, roughly 3 million Americans will file first-time claims for unemployment assistance, more than four times the record high set in the depths of the 1982 recession, according to Bank of America Merrill Lynch. That is just the start of a surge that could send the jobless rate spiking to 20 percent from today’s 3.5 percent, a JPMorgan Chase economist told clients on a conference call Friday,” the newspaper reported.​

“Estimates of the pandemic’s overall cost are staggering. Bridgewater Associates, a hedge fund manager, says the economy will shrink over the next three months at an annual rate of 30 percent. Goldman Sachs pegs the drop at 24 percent,” The Post reported. “JPMorgan Chase says 14 percent.”​

How does that prove that fake news generated hysteria didn't cause it?

Here's a clue for you: it doesn't.
 
OP
NotfooledbyW

NotfooledbyW

Gold Member
Joined
Jul 9, 2014
Messages
10,190
Reaction score
1,088
Points
245
How does that prove that fake news generated hysteria didn't cause it?
Can you tell us how the news media generated what hysteria. I have seen no hysteria unless you mean the panic on Wall Street that TrumpO’s incompetence set off.
 

Most reactions - Past 7 days

Forum List

Top