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

[Harpy Eagle]

Trump rocks the world with a 4.1% GDP good job Trump. As for you sour grapes liberals, suck it!

Strange, I looked back at when we hit 4.9 4 years ago and there is no post about the world being rocked.

It is almost as if you are a two faced partisan hack


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^^^ speaking of sour grapes liberals. Are you mad bro that Trump pulled off a 4.1% GDP quarter? Are you butthurt that small business owners optimism is at a historic high a level Obama never came close to? Does it bother you that global CEO optimism under Trump hit 53% a level never before achieved, its never even been over 50% and Obama's best was 33%.

Nice try at diverting from your hypocrisy!

As for the 4.1%, I will wait till the real number comes out to make a determination.


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[Harpy Eagle]

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!

Almost as impressive as 1 times out of 6

Hey, a lib who isn't totally clueless about math!!

Now if we could only find a Trump sheep with that quality


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[Toddsterpatriot]

didnt Obama have to borrow/print up over 4 Trillion Dollars to make it look like we had a booming 1% economy for 8 years?, how much money has Trump printed up to achieve 4.2% GDP?

Most recent Fed Balance Sheet.

The day before he took office.

Looks like the Fed "unprinted" about $161 billion under Trump. So far.

 

[McRocket]

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?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Do you ever tire of being wrong? Wages are up Gdp is up. Deregulation when necessary isn't a bad thing, over regulation stagnates growth and investment. Your comment about pass through income makes absolutely no sense. Since you know where the economy is headed with such certainty, what are the lotto numbers?

Not fast enough.

'Median weekly earnings of the nation’s 115.8 million full-time wage and salary workers were $876 in the second quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported recently.

This was 2.0 percent higher than a year earlier, but not sufficient to keep pace with inflation, which showed a gain of 2.7 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period.'

Wages fall behind inflation

And before you right the stats off as from 'libtard sources'? The source is the government.

 

[Meister]

I am just sitting back and reading posts from the left. By any standards, this is good news for all
America and the left just can't bring themselves to admit it. chuckle
"Strange days indeed, most peculiar, momma...."-John Lennon

 

[depotoo]

Just heard inflation was also almost non existent, too

 

[dave p]

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?

How does it feel to be wrong every time you type? Wages grew 4.89% in may 0f 2018 over the same month in 2017. Hourly wages grew to a record high of $22.62 in June of 2018. If you want to do your homework, these numbers are from the SSA.gov and from tradeeconomics.

How does it feel to just pull numbers out of your ass?

Nominal Wage Tracker | Economic Policy Institute
Nominal Wage Tracker
Chart: Nominal wage growth has been far below target in the recovery; Chart: Mind the ... change in private-sector nominal average hourly earnings, 2007–2018 ...

What's really going on with wages in America - CNN Money
https://money.cnn.com/2018/06/13/news/economy/wage-growth.../index.html
Jun 13, 2018 - With unemployment near historic lows, wage growth remains stubbornly low. ... by Lydia DePillis @CNNMoney June 13, 2018: 7:53 PM ET .... hours — but then they stopped short and have been relatively stagnantever since.

For the biggest group of American workers, wages aren't just flat. They ...
https://www.washingtonpost.com/.../2018/.../for-the-biggest-group-of-american-workers...
Jun 15, 2018 - Average wages for a group that includes about four-fifths of U.S. ... in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

Rising employment overshadowed by unprecedented wage stagnation
www.oecd.org › Newsroom
Jul 4, 2018 - The OECD Employment Outlook 2018 says that the employment rate ... More worryingly, wage stagnation affects low-paid workers much more ...

I don't pull them out of my ass. If you look at my post, I got them from SSA.gov and from tradeeconomics.

 

[LeeOnLido]

i wonder if CNN is gloating that this is all coming from the 2009 stimulus that created about 300,000 jobs a month way back then

 

[LeeOnLido]

Trump rocks the world with a 4.1% GDP good job Trump. As for you sour grapes liberals, suck it!

are the loons gonna claim that this boom at this rate started in 2010?

 

[buckeye45_73]

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?

Again he has no link but I do...and rdean lies again

Salaries: US wage growth in June was 2018's strongest so far

 

[dave p]

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?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Do you ever tire of being wrong? Wages are up Gdp is up. Deregulation when necessary isn't a bad thing, over regulation stagnates growth and investment. Your comment about pass through income makes absolutely no sense. Since you know where the economy is headed with such certainty, what are the lotto numbers?

Not fast enough.

'Median weekly earnings of the nation’s 115.8 million full-time wage and salary workers were $876 in the second quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported recently.

This was 2.0 percent higher than a year earlier, but not sufficient to keep pace with inflation, which showed a gain of 2.7 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period.'

Wages fall behind inflation

And before you right the stats off as from 'libtard sources'? The source is the government.

Perhaps if you look at my other posts you would see that I got stats from the government as well as tradeconimics. I really love when clowns like you decide what someone will say just to try and make the person you are conversing with look small. It backfires however and makes you look like a fool. We must also realize that the CPI has had products and services added to it in the past that make it difficult to track accurately.

 

[K9Buck]

I am just sitting back and reading posts from the left. By any standards, this is good news for all
America and the left just can't bring themselves to admit it. chuckle
"Strange days indeed, most peculiar, momma...."-John Lennon

Liberals' loyalties are to the Democratic Party and NOT to their fellow Americans. That's why they abhor this news and hope and pray for an economic collapse.

 

[buckeye45_73]

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!

Almost as impressive as 1 times out of 6

Hey, a lib who isn't totally clueless about math!!

Now if we could only find a Trump sheep with that quality


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I'm sure I fit the bill as Trump sheep, so what math are you having an issue with?

 

[ThunderKiss1965]

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?

Well when you deregulate everything and give major cuts to Corps (socialism to Corps) and pass through income for non corps, this is what you get, and it will not last. On Obama's last year they still needed many skilled workers. Also Obama inherited the greatest recession since the depression of 1929. The US is headed for another and then we will have major pollution to take care of.

Tax breaks are not socialism you fucking loon.

 

[DigitalDrifter]

Hmmmmmm, let's see.

Who would I rather have in charge of the American economy ? Community organizer, or billionaire businessman ?

It's a tough choice.

 

[LeeOnLido]

it could of been 5.6% and the loons with give Obama all of the credit

 

[Harpy Eagle]

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!

Almost as impressive as 1 times out of 6

Hey, a lib who isn't totally clueless about math!!

Now if we could only find a Trump sheep with that quality


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I'm sure I fit the bill as Trump sheep, so what math are you having an issue with?

You are a Trump sheep, that’s for sure. I have no issue with any math, it is what I do for a living.


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[buckeye45_73]

During the Obama years, GDP passed 4.1% four times.

4 times out of 32? Impressive!

Almost as impressive as 1 times out of 6

Hey, a lib who isn't totally clueless about math!!

Now if we could only find a Trump sheep with that quality


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I'm sure I fit the bill as Trump sheep, so what math are you having an issue with?

You are a Trump sheep, that’s for sure. I have no issue with any math, it is what I do for a living.


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Yeah, I'm honest....everything, the man has done, I want and I cant think of him doing anything I don't want. More to go, but he's only been in 1 1/2 years.
You seemed to state us Trump sheep are clueless about math.. I am not. I work in IT with a degree in it and have taken my share of math. I'm pretty well versed. What math are we clueless about?

 

[Harpy Eagle]

Almost as impressive as 1 times out of 6

Hey, a lib who isn't totally clueless about math!!

Now if we could only find a Trump sheep with that quality


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I'm sure I fit the bill as Trump sheep, so what math are you having an issue with?

You are a Trump sheep, that’s for sure. I have no issue with any math, it is what I do for a living.


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Yeah, I'm honest....everything, the man has done, I want and I cant think of him doing anything I don't want. More to go, but he's only been in 1 1/2 years.
You seemed to state us Trump sheep are clueless about math.. I am not. I work in IT with a degree in it and have taken my share of math. I'm pretty well versed. What math are we clueless about?

My response was a sarcastic response to the post that liberals are clueless at math. The whole point was that people on both are good at math and some are bad at math.

Sorry to try and make a non-partisan point, should have known it would be missed.

Carry on!


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[g5000]

"GDP fails to reach 5 percent. Another Trump fail. Where are the good old days with Barack? Boo hoo!"

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

There have been some dumb shits on this forum, maybe even you, who have claimed Obama never hit 4 percent. And then there was that bullshit claim that unemployement was really 42 percent. Christ, even Trump parroted that fucking lie.

If we were to believe you dumb shits, the Obama years were a period of sackcloth and ashes, instead of the actuality of a 300 percent growth in the Dow and several quarters of +4 percent growth and millions and millions of jobs created.

In fact, Trump has yet to match even Obama's best five years of job growth.

So I would suggest you stop projecting your own side's tactics onto others.