Second-quarter GDP jumps 4.1% for best pace in nearly four years

deanrd

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Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?
 

deanrd

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Unfortunately wages have been going down.
The only thing keeping them as high as they are now are one time bonuses from the tax cuts for corporations and billionaires.
The speculation there is new workers are entering the market and people my age have been retiring.

So is GDP sustainable at 4.1% if wages are dropping?
 

deanrd

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They have been stockpiling soy beans overseas to get ahead of the tariffs. Some estimates by 9000%.
What happens next quarter?
 

BuckToothMoron

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GDP at 4.1% Great job President Trump! Second-quarter GDP up 4.1%, as expected. Second-quarter GDP jumps 4.1% for best pace in nearly four years
It’s nice, but the reality is the president, Trump in this instance, has little influence on the economy/gdp. Economies go thru natural cycles beyond the control of a president. Ironically, the economy is the one thing most people use to judge or re-elect a president, unless of course they are black. Then the economy doesn’t matter apparently.
 

Toddsterpatriot

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They have been stockpiling soy beans overseas to get ahead of the tariffs. Some estimates by 9000%.
What happens next quarter?
They have been stockpiling soy beans overseas to get ahead of the tariffs. Some estimates by 9000%.

Link to the 9000% estimates.
 

Toddsterpatriot

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Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?
During the Obama years, GDP passed 4.1% four times.

4 times out of 32? Impressive!
 

DigitalDrifter

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By the way, lousy thread title. It gives you no idea that' it's about the economy.
 
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dave p

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Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?
Try reading. " the fastest rate since 2014" . Do we need to send someone to explain it to you?
 

iceberg

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GDP at 4.1% Great job President Trump! Second-quarter GDP up 4.1%, as expected. Second-quarter GDP jumps 4.1% for best pace in nearly four years
It’s nice, but the reality is the president, Trump in this instance, has little influence on the economy/gdp. Economies go thru natural cycles beyond the control of a president. Ironically, the economy is the one thing most people use to judge or re-elect a president, unless of course they are black. Then the economy doesn’t matter apparently.
disagree. while i will agree the president can only do so much, they can have an effect on overall policy and set the stage and leave it up to the rest of us from there.

10+ years of less than 3%
U.S. Has Record 10th Straight Year Without 3% Growth in GDP
 

airplanemechanic

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Good job Obama!! He did the best thing for the economy that he could have possibly done on Jan 20th, 2017. Get the fuck out of here!
 

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