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

[rightwinger]

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

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

/----/ Prove it or bow down to your Daddy Donald Trump.

GOP tax law will add $1.9 trillion to debt: CBO

 

[Cellblock2429]

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

/----/ Prove it or bow down to your Daddy Donald Trump.

GOP tax law will add $1.9 trillion to debt: CBO

/----/ I'm going to use a very confusing term that will confound you. The CBO does not dynamically score tax bills. It's a static estimate. In words you can understand, the CBO DOES NOT take into account economic activity generated by the tax cuts. They assume nothing will change except a loss of revenue. (Am I losing you?) Anyway, the two trillion is spread out over 10 years according to your link which also says: "
Others estimated that a dynamic score of the tax law — one that incorporated macroeconomic effects — would reduce the $1.5 trillion cost of the tax cut down to $1 trillion in added debt or 200 billion a year.

 

[Toddsterpatriot]

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

Yes, $2 trillion and growing

$1.35 trillion.

If we have GDP of 4.1 percent, WHY do we need a growing deficit!

The government spends way too much.

Who increased spending?
Why did we escalate military spending 20 percent in a time of peace?

The Great Obama got the deficit down to $400 billion, why did Crooked Donnie double it to $800 billion?

Who increased spending?

Everybody increased spending. They need to stop.

The Great Obama got the deficit down to $400 billion

Imagine how high he'd have gone if the Republicans hadn't squashed his hopes.

 

[Cellblock2429]

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

Yes, $2 trillion and growing

$1.35 trillion.

If we have GDP of 4.1 percent, WHY do we need a growing deficit!

The government spends way too much.

Who increased spending?
Why did we escalate military spending 20 percent in a time of peace?

The Great Obama got the deficit down to $400 billion, why did Crooked Donnie double it to $800 billion?

Who increased spending?

Everybody increased spending. They need to stop.

The Great Obama got the deficit down to $400 billion

Imagine how high he'd have gone if the Republicans hadn't squashed his hopes.

/----/ The Republican Congress get's credit not Obozo.

• Fiscal 2007: $161 billion (next to last year of Bush’s second term)
• Fiscal 2008: $459 billion (beginning impact from the Great Recession)
• Fiscal 2009: $1.4 trillion (Obama’s first year and in the teeth of the Recession)
• Fiscal 2010: $1.3 trillion
• Fiscal 2011: $1.3 trillion
• Fiscal 2012: $1.1 trillion
• Fiscal 2013: $680 billion
• Fiscal 2014: $485 billion
• Fiscal 2015: $438 billion
• Fiscal 2016: $587 billion
• Fiscal 2017: $666 billion (Trump’s first year of his Presidency)

 

[Toddsterpatriot]

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

Yes, $2 trillion and growing

$1.35 trillion.

If we have GDP of 4.1 percent, WHY do we need a growing deficit!

The government spends way too much.

Who increased spending?
Why did we escalate military spending 20 percent in a time of peace?

The Great Obama got the deficit down to $400 billion, why did Crooked Donnie double it to $800 billion?

Who increased spending?

Everybody increased spending. They need to stop.

The Great Obama got the deficit down to $400 billion

Imagine how high he'd have gone if the Republicans hadn't squashed his hopes.

/----/ The Republican Congress get's credit not Obozo.

• Fiscal 2007: $161 billion (next to last year of Bush’s second term)
• Fiscal 2008: $459 billion (beginning impact from the Great Recession)
• Fiscal 2009: $1.4 trillion (Obama’s first year and in the teeth of the Recession)
• Fiscal 2010: $1.3 trillion
• Fiscal 2011: $1.3 trillion
• Fiscal 2012: $1.1 trillion
• Fiscal 2013: $680 billion
• Fiscal 2014: $485 billion
• Fiscal 2015: $438 billion
• Fiscal 2016: $587 billion
• Fiscal 2017: $666 billion (Trump’s first year of his Presidency)

But that would mean the deficit was already increasing under Obama...…..

 

[rightwinger]

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

/----/ Prove it or bow down to your Daddy Donald Trump.

GOP tax law will add $1.9 trillion to debt: CBO

/----/ I'm going to use a very confusing term that will confound you. The CBO does not dynamically score tax bills. It's a static estimate. In words you can understand, the CBO DOES NOT take into account economic activity generated by the tax cuts. They assume nothing will change except a loss of revenue. (Am I losing you?) Anyway, the two trillion is spread out over 10 years according to your link which also says: "
Others estimated that a dynamic score of the tax law — one that incorporated macroeconomic effects — would reduce the $1.5 trillion cost of the tax cut down to $1 trillion in added debt or 200 billion a year.

That is why the true deficit will be much higher

 

[Cellblock2429]

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

/----/ Prove it or bow down to your Daddy Donald Trump.

GOP tax law will add $1.9 trillion to debt: CBO

/----/ I'm going to use a very confusing term that will confound you. The CBO does not dynamically score tax bills. It's a static estimate. In words you can understand, the CBO DOES NOT take into account economic activity generated by the tax cuts. They assume nothing will change except a loss of revenue. (Am I losing you?) Anyway, the two trillion is spread out over 10 years according to your link which also says: "
Others estimated that a dynamic score of the tax law — one that incorporated macroeconomic effects — would reduce the $1.5 trillion cost of the tax cut down to $1 trillion in added debt or 200 billion a year.

That is why the true deficit will be much higher

/----/ Ahhhh, I still confused you. Sorry about that.

 

[Reasonable]

Putin’s Poodle’s numbers ain’t shit.

under Obama:

—5.1% Q2 2014

—4.9% Q3 2014

—4.7% Q4 2011

—4.5% Q4 2009

Donald Duck Jr. :

Incredible numbers. I remember when “the experts” laughed about breaking 3%. Just because Obama never broke 2% doesn’t mean that someone with great policies can’t. Let’s keep this going.

Even dumber than Pops.

 

[Reasonable]

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!

Poll: Barack Obama Was the Greatest President of Our Lifetime

 

[Slyhunter]

I'm the only one who cares?

 

[francoHFW]

Didn’t think so...it’s unexplainable with any logic, isn’t it?

GDP is going to decelerate as the effects of the tax cuts wear off.

Any Trump haters want to explain who is to blame for 1.6% growth for the entire year of 2016?

Stop asking dumb questions We were recovering from one of the if not the worst recession ever. Obama was good but not a miracle worker especially with ah repub congress lined up against him

Hahaha, of course. At least you are consistent.

Everything Obama ever did was 100% perfect, Got it.

Obama’s 1.6% growth rate in 2016 was the fault of a Pub Congress?

Remind me who has the majority in both houses of Congress currently.

Your logic fails.

So why were more jobs produced in 2016 than in 2017? And why do economists think 1% of today's 4.1% is because China bought huge amounts of soybeans before the Tariff comes up?

Obama’s average quarter was 1.8% growth.

Yea.....when you stick him with some of those quarters from Bush’s economy

By the way folks, you notice that his majesty _oh-Wing-dinger, loves to tell you how much money Trump borrowed to produce the desired results when he gave tax breaks.

He doesn't tell you how much Obysmal raised the debt, talks about Tarp 1 through 14 or whatever, nor even acknowledges QE.

Now why do you think that is? Why was the Obysmal deficit somehow BETTER than Trumps?

ANSWER-----------> Because the Trump deficit went BACK TO THE PEOPLE, the Obysmal deficit money was INJECTED into government, where his hero, the Community Organizer and chief, could decide what to do with it, who to give it to, who NOT to give it to, and who to bribe-)

So in essence, Mr Hum-ding-a-ling-winger is telling you that----------> you are baaaaaaaaaad because you got some of your money back, but Obysmal was goooooooood, because he stole some of your money, then gave it away to whomever he decided to.

What did you buy with your tax break so far, or did you invest it instead?

HOW DARE YOU, how double DARE YOU! Keep your own money, when there is so much transfer of wealth to accomplish, so many illegals to take care of, and so many liberal states to bail out, what are you thinking COMRADES-) You MUST immediately turn over that extra cash to fancy-Nancy, Chucky Shmucky, and the Charming and delightful, Maxy Maxine! They know what to do with YOUR money, far better than you do!

Of course Obama's debt was 80 to 90% averting another full blown corrupt GOP World depression and unemployment and Welfare for the victims. And no laws changed to do it. Tarp one was Bush's bailout of Wall Street...

 

[francoHFW]

Didn’t think so...it’s unexplainable with any logic, isn’t it?

GDP is going to decelerate as the effects of the tax cuts wear off.

Stop asking dumb questions We were recovering from one of the if not the worst recession ever. Obama was good but not a miracle worker especially with ah repub congress lined up against him

Hahaha, of course. At least you are consistent.

Everything Obama ever did was 100% perfect, Got it.

Obama’s 1.6% growth rate in 2016 was the fault of a Pub Congress?

Remind me who has the majority in both houses of Congress currently.

Your logic fails.

So why were more jobs produced in 2016 than in 2017? And why do economists think 1% of today's 4.1% is because China bought huge amounts of soybeans before the Tariff comes up?

Obama’s average quarter was 1.8% growth.

Yea.....when you stick him with some of those quarters from Bush’s economy

By the way folks, you notice that his majesty _oh-Wing-dinger, loves to tell you how much money Trump borrowed to produce the desired results when he gave tax breaks.

He doesn't tell you how much Obysmal raised the debt, talks about Tarp 1 through 14 or whatever, nor even acknowledges QE.

Now why do you think that is? Why was the Obysmal deficit somehow BETTER than Trumps?

ANSWER-----------> Because the Trump deficit went BACK TO THE PEOPLE, the Obysmal deficit money was INJECTED into government, where his hero, the Community Organizer and chief, could decide what to do with it, who to give it to, who NOT to give it to, and who to bribe-)

So in essence, Mr Hum-ding-a-ling-winger is telling you that----------> you are baaaaaaaaaad because you got some of your money back, but Obysmal was goooooooood, because he stole some of your money, then gave it away to whomever he decided to.

What did you buy with your tax break so far, or did you invest it instead?

HOW DARE YOU, how double DARE YOU! Keep your own money, when there is so much transfer of wealth to accomplish, so many illegals to take care of, and so many liberal states to bail out, what are you thinking COMRADES-) You MUST immediately turn over that extra cash to fancy-Nancy, Chucky Shmucky, and the Charming and delightful, Maxy Maxine! They know what to do with YOUR money, far better than you do!

The difference between Crooked Donnie and the Great Obama is that Obama borrowed money to prop up an economy on the brink of depression

Crooked Donnie is borrowing money in a strong economy.

Obama borrowed money to prop up an economy on the brink of depression

The recession ended in June 2009.

Technically... Millions of unemployed would beg to differ...

 

[Fang]

Obama's average GDP over 8 years is 1.5%. Trump GDP over is time so far is 2.9%.

With the much improved economy, record low unemployment (especially for blacks and Hispanics), excellent Constitutional SCOTUS picks, demilitarization talks with North Korea, border security and overall focus on putting Americans first you would seriously need to be a fascist, commie bastard to vote against Trump in 2020.

Way to cherry pick AND get your stats wrong.

Obama inherited the Great Recession...it is not his responsibility. So obviously you take his GDP numbers from the end of that Recession (which most economists do).
Obama's GDP (before BEA GDP calculation changes implemented this month) post-GR were 2.17%. Nothing to write home about.
But Trump's numbers during his first year (2017) were 2.2%...not much better.

The Strange Ups and Downs of the U.S. Economy Since 1929


And Trump's total GDP growth since he took office is not 2.9%... it's 2.7%.

United States GDP Growth Rate | 1947-2018 | Data | Chart | Calendar

And that was before this latest 4.1% number is adjusted. And it WILL be adjusted...guaranteed.

Plus, many economists see the latest number as an aberration...brought on largely by Trump's trade war threats and a huge, one time purchase of Soybeans by China to try and get ahead of the tariffs.

My stats are 100% correct for the time each President has been in office. Nothing whatsoever cherry-picked.

 

[edward37]

Obama's average GDP over 8 years is 1.5%. Trump GDP over is time so far is 2.9%.

With the much improved economy, record low unemployment (especially for blacks and Hispanics), excellent Constitutional SCOTUS picks, demilitarization talks with North Korea, border security and overall focus on putting Americans first you would seriously need to be a fascist, commie bastard to vote against Trump in 2020.

Way to cherry pick AND get your stats wrong.

Obama inherited the Great Recession...it is not his responsibility. So obviously you take his GDP numbers from the end of that Recession (which most economists do).
Obama's GDP (before BEA GDP calculation changes implemented this month) post-GR were 2.17%. Nothing to write home about.
But Trump's numbers during his first year (2017) were 2.2%...not much better.

The Strange Ups and Downs of the U.S. Economy Since 1929


And Trump's total GDP growth since he took office is not 2.9%... it's 2.7%.

United States GDP Growth Rate | 1947-2018 | Data | Chart | Calendar

And that was before this latest 4.1% number is adjusted. And it WILL be adjusted...guaranteed.

Plus, many economists see the latest number as an aberration...brought on largely by Trump's trade war threats and a huge, one time purchase of Soybeans by China to try and get ahead of the tariffs.

My stats are 100% correct for the time each President has been in office. Nothing whatsoever cherry-picked.

Conor Sen
2014 Had Great GDP Quarter, Too. It Didn’t Last.

 

[ThunderKiss1965]

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

Obama debt very good, Trump debt very bad. You Libs continue to think anyone other than the sheep will buy that bullshit and your going to keep losing. Its insulting to anyone with even a tiny amount of grey matter between their ears. Honestly I think there should be a balanced budget amendment in the Constitution but know that will never happen.

I would like to know were you got the 2 trillion from ?

 

[edward37]

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

Obama debt very good, Trump debt very bad. You Libs continue to think anyone other than the sheep will buy that bullshit and your going to keep losing. Its insulting to anyone with even a tiny amount of grey matter between their ears. Honestly I think there should be a balanced budget amendment in the Constitution but know that will never happen.

I would like to know were you got the 2 trillion from ?

Obama debt pulling us out of a republican recession Trump debt making billionaires richer Now do you understand ??

 

[Cellblock2429]

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

Obama debt very good, Trump debt very bad. You Libs continue to think anyone other than the sheep will buy that bullshit and your going to keep losing. Its insulting to anyone with even a tiny amount of grey matter between their ears. Honestly I think there should be a balanced budget amendment in the Constitution but know that will never happen.

I would like to know were you got the 2 trillion from ?

/----/ The danger of a balanced budget amendment is that a court can order tax hikes to close a deficit. I doubt they would order reduced spending.

 

[ThunderKiss1965]

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

Obama debt very good, Trump debt very bad. You Libs continue to think anyone other than the sheep will buy that bullshit and your going to keep losing. Its insulting to anyone with even a tiny amount of grey matter between their ears. Honestly I think there should be a balanced budget amendment in the Constitution but know that will never happen.

I would like to know were you got the 2 trillion from ?

Obama debt pulling us out of a republican recession Trump debt making billionaires richer Now do you understand ??

Ha ha ha and you believe that bullshit ?

 

[McRocket]

Obama's average GDP over 8 years is 1.5%. Trump GDP over is time so far is 2.9%.

With the much improved economy, record low unemployment (especially for blacks and Hispanics), excellent Constitutional SCOTUS picks, demilitarization talks with North Korea, border security and overall focus on putting Americans first you would seriously need to be a fascist, commie bastard to vote against Trump in 2020.

Way to cherry pick AND get your stats wrong.

Obama inherited the Great Recession...it is not his responsibility. So obviously you take his GDP numbers from the end of that Recession (which most economists do).
Obama's GDP (before BEA GDP calculation changes implemented this month) post-GR were 2.17%. Nothing to write home about.
But Trump's numbers during his first year (2017) were 2.2%...not much better.

The Strange Ups and Downs of the U.S. Economy Since 1929


And Trump's total GDP growth since he took office is not 2.9%... it's 2.7%.

United States GDP Growth Rate | 1947-2018 | Data | Chart | Calendar

And that was before this latest 4.1% number is adjusted. And it WILL be adjusted...guaranteed.

Plus, many economists see the latest number as an aberration...brought on largely by Trump's trade war threats and a huge, one time purchase of Soybeans by China to try and get ahead of the tariffs.

My stats are 100% correct for the time each President has been in office. Nothing whatsoever cherry-picked.

1) a link to your stats please (I already gave you one to mine)?
2) you 'cherry picked' by including the Great Recession which Obama inherited...it was not his fault. So it is hardly fair to hold him accountable for it.
As I said, most respected economists take Obama's GDP growth performance from the end of the Great Recession.

 

[rightwinger]

Putin’s Poodle’s numbers ain’t shit.

under Obama:

—5.1% Q2 2014

—4.9% Q3 2014

—4.7% Q4 2011

—4.5% Q4 2009

Donald Duck Jr. :

Incredible numbers. I remember when “the experts” laughed about breaking 3%. Just because Obama never broke 2% doesn’t mean that someone with great policies can’t. Let’s keep this going.

Even dumber than Pops.

It is not fair to compare the economic numbers of the Great Obama to Crooked Donnie. Donnie was never a community organizer