Sorry Trumpers ... This Measure Says Growth Is Slower Under Trump Than Obama

Denizen

Gold Member
Oct 23, 2018
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Sorry to burst the cloud over your mind Trumpers. Your delusions are precious to you but I have to prick that orange bubble that has you howling with joy at Trump rallies as lies fall faster from Trump's mouth than Autumn leaves.

Sorry darlings, "According to BEA data, GDI has grown at a 2.3% annualized pace since Trump took office, vs. 2.4% during Obama’s two terms."

Apologies for pricking your orange bubble. Donald Trump is bloating the economy with tax cuts for the rich and burgeoning debt but still can't beat Obama.

Donald Trump has rendered the economy obese and debt-ridden with debt rising faster at >2 x GDP growth.

Bloomberg - Are you a robot?

This Measure Says Growth Is Slower Under Trump Than Obama

Gross domestic income should in theory track GDP, but it tells a slightly different story.

By
Justin Fox
September 23, 2019, 11:00 PM GMT+7
1200x-1.jpg

ILLUSTRATION: GEORGE WYLESOL FOR BLOOMBERG BUSINESSWEEK

The economy has been perhaps the brightest spot of Donald Trump’s unconventional presidency. A recession would tarnish this, which is presumably why he gets so worked up about perceived missteps by the Federal Reserve. But by one measure, economic growth is already slower during the Trump era than during Barack Obama’s eight years as president.
That measure is gross domestic income. GDI is part of the same quarterly national economic accounting by the U.S. Department of Commerce’s Bureau of Economic Analysis that gives us gross domestic product but is released a month later. The two numbers should, in theory, be identical, but they never quite are because of the vagaries of real-world data. In a 2010 paper, economist Jeremy Nalewaik—then at the Fed, now at Morgan Stanley—made the case that “GDI better reflects the business cycle fluctuations in true output growth.”

publishing the average of GDP and GDI. Also, the Federal Reserve Bank of Philadelphia now calculates a statistically smoothed melding of GDP and GDI, devised in part by Nalewaik, that it calls GDPplus. The presidential growth rates admittedly depend a lot on the starting quarter one chooses, especially for Obama, who took office amid the worst recession in 75 years. Also, while growth rates have been about the same or only moderately higher under Trump, people aren’t wrong to think the economy is better. More are sharing in growth now because the long expansion has brought workers off the sidelines.

• Timing Is Everything

If you measure from the quarter before they took office, Trump leads in GDI growth, 2.5% to 2.1%. Measure from the last quarter of the first year in office (because it takes time for policies to have an effect), and it’s Trump 2.5% to Obama 2.4%.



• Smooth Calculator
According to BEA data, GDI has grown at a 2.3% annualized pace since Trump took office, vs. 2.4% during Obama’s two terms.

• On the Job
Payroll employment has grown at a 1.5%annual pace during Trump’s time in office, faster than the 1% during Obama’s entire presidency but slower than the 1.9% of Obama’s second term.
Real annualized growth rate from first quarter of administration

Data: Bureau of Economic Analysis

• But Wait, It Gets Better
Of Americans age 25-54, 80% had jobs in August, according to the Bureau of Labor Statistics, the highest prime-age employment rate in more than a decade and perhaps a better measure of economic health than either GDP or GDI growth.
 
This idiot leftist is claiming even CNN's reporting on the awesome Trump economy is wrong. You know its BS when a post is left of even Trump hater CNN.
 
I got enough and so figure that the Less growth there is the better I like it Deni ,
 
It's the democrat tactic. Repeat a lie often enough and people will believe it. They have been saying they were going to lie about the economy since summer.
 
It's the democrat tactic. Repeat a lie often enough and people will believe it. They have been saying they were going to lie about the economy since summer.

Which part of this is a lie?

View attachment 296081
All of it. You can get a chart or statistic to say any thing. Democrats have been lying about the economy for months. You will continue to lie about the economy because that is all you have.
 
It's the democrat tactic. Repeat a lie often enough and people will believe it. They have been saying they were going to lie about the economy since summer.

Which part of this is a lie?

View attachment 296081
All of it. You can get a chart or statistic to say any thing. Democrats have been lying about the economy for months. You will continue to lie about the economy because that is all you have.

Thank you for highlighting your ignorance...It is always good to see someone like you that embraces being an ignorant fool.
 
The Last Refuge

Forced by Reality – The Washington Post Cancels the Recession…


Excerpt:

In July and August the U.S. was heading into a recession according to the media. The Washington Post was at the forefront of the recession narrative with multiple articles predicting certain doom for the U.S. economy…. except there was a problem. All of the economic data would not support their predictions. Things only got better.

The media gnashed their horrible teeth and stomped their horrible feet; alas Main Street continued to get stronger; wages higher, unemployment lower, and more middle-class Americans gaining strength and financial footing. The media shouted at trees hoping and praying their predictions would soon evidence and the economy would throw itself into reverse. Foiled again, it just never happened. Democrats have permanent frowns.

Today the Washington Post admits defeat, informs their audience that cheering for economic collapse is futile, and states, reluctantly, the U.S. is unlikely to enter a recession:

LINK

==============

No recession during the Trump era.
 
The Last Refuge

Forced by Reality – The Washington Post Cancels the Recession…


Excerpt:

In July and August the U.S. was heading into a recession according to the media. The Washington Post was at the forefront of the recession narrative with multiple articles predicting certain doom for the U.S. economy…. except there was a problem. All of the economic data would not support their predictions. Things only got better.

The media gnashed their horrible teeth and stomped their horrible feet; alas Main Street continued to get stronger; wages higher, unemployment lower, and more middle-class Americans gaining strength and financial footing. The media shouted at trees hoping and praying their predictions would soon evidence and the economy would throw itself into reverse. Foiled again, it just never happened. Democrats have permanent frowns.

Today the Washington Post admits defeat, informs their audience that cheering for economic collapse is futile, and states, reluctantly, the U.S. is unlikely to enter a recession:

LINK

==============

No recession during the Trump era.

IF Trump gets another 4 years there will be a recession during the Trump era. The only question is how deep.
 
Sorry to burst the cloud over your mind Trumpers. Your delusions are precious to you but I have to prick that orange bubble that has you howling with joy at Trump rallies as lies fall faster from Trump's mouth than Autumn leaves.

Sorry darlings, "According to BEA data, GDI has grown at a 2.3% annualized pace since Trump took office, vs. 2.4% during Obama’s two terms."

Apologies for pricking your orange bubble. Donald Trump is bloating the economy with tax cuts for the rich and burgeoning debt but still can't beat Obama.

Donald Trump has rendered the economy obese and debt-ridden with debt rising faster at >2 x GDP growth.

Bloomberg - Are you a robot?

This Measure Says Growth Is Slower Under Trump Than Obama

Gross domestic income should in theory track GDP, but it tells a slightly different story.

By
Justin Fox
September 23, 2019, 11:00 PM GMT+7
1200x-1.jpg

ILLUSTRATION: GEORGE WYLESOL FOR BLOOMBERG BUSINESSWEEK

The economy has been perhaps the brightest spot of Donald Trump’s unconventional presidency. A recession would tarnish this, which is presumably why he gets so worked up about perceived missteps by the Federal Reserve. But by one measure, economic growth is already slower during the Trump era than during Barack Obama’s eight years as president.
That measure is gross domestic income. GDI is part of the same quarterly national economic accounting by the U.S. Department of Commerce’s Bureau of Economic Analysis that gives us gross domestic product but is released a month later. The two numbers should, in theory, be identical, but they never quite are because of the vagaries of real-world data. In a 2010 paper, economist Jeremy Nalewaik—then at the Fed, now at Morgan Stanley—made the case that “GDI better reflects the business cycle fluctuations in true output growth.”

publishing the average of GDP and GDI. Also, the Federal Reserve Bank of Philadelphia now calculates a statistically smoothed melding of GDP and GDI, devised in part by Nalewaik, that it calls GDPplus. The presidential growth rates admittedly depend a lot on the starting quarter one chooses, especially for Obama, who took office amid the worst recession in 75 years. Also, while growth rates have been about the same or only moderately higher under Trump, people aren’t wrong to think the economy is better. More are sharing in growth now because the long expansion has brought workers off the sidelines.

• Timing Is Everything

If you measure from the quarter before they took office, Trump leads in GDI growth, 2.5% to 2.1%. Measure from the last quarter of the first year in office (because it takes time for policies to have an effect), and it’s Trump 2.5% to Obama 2.4%.



• Smooth Calculator
According to BEA data, GDI has grown at a 2.3% annualized pace since Trump took office, vs. 2.4% during Obama’s two terms.

• On the Job
Payroll employment has grown at a 1.5%annual pace during Trump’s time in office, faster than the 1% during Obama’s entire presidency but slower than the 1.9% of Obama’s second term.
Real annualized growth rate from first quarter of administration

Data: Bureau of Economic Analysis

• But Wait, It Gets Better
Of Americans age 25-54, 80% had jobs in August, according to the Bureau of Labor Statistics, the highest prime-age employment rate in more than a decade and perhaps a better measure of economic health than either GDP or GDI growth.
Bloomberg? Hahaha hahaha why wouldn’t the guy opposing trump say this? You’re an idiot.

There’s but one question, are you better off today then three years ago. Period!
 
The Last Refuge

Forced by Reality – The Washington Post Cancels the Recession…


Excerpt:

In July and August the U.S. was heading into a recession according to the media. The Washington Post was at the forefront of the recession narrative with multiple articles predicting certain doom for the U.S. economy…. except there was a problem. All of the economic data would not support their predictions. Things only got better.

The media gnashed their horrible teeth and stomped their horrible feet; alas Main Street continued to get stronger; wages higher, unemployment lower, and more middle-class Americans gaining strength and financial footing. The media shouted at trees hoping and praying their predictions would soon evidence and the economy would throw itself into reverse. Foiled again, it just never happened. Democrats have permanent frowns.

Today the Washington Post admits defeat, informs their audience that cheering for economic collapse is futile, and states, reluctantly, the U.S. is unlikely to enter a recession:

LINK

==============

No recession during the Trump era.

IF Trump gets another 4 years there will be a recession during the Trump era. The only question is how deep.

He WILL have another 4 years, he will also be the first president in decades to have ZERO recession in the first term. Obama, Bush, Clinton, Reagan, Carter, Nixon all had recessions in their first term.
 
Obama's economy was coming out of the "Great Recession" and had nowhere to go but up. Obama's economic recovery was weak by historic standards coming out of a deep recession. Great Recession - Wikipedia

Trump's economy is better that historic norms, there has been no recession, and the Fed chairman, Powell stated that he does not see a recession in 2020, nor the need to raise interest rates. I'm not sure what the OP is trying to claim? 2.3% growth vs 2.4% growth??? Trump is doing better at the end of an expansion, and Obama did worse coming out of a recession. The US economy is the envy of the world, lets keep it that way.
 
He WILL have another 4 years, he will also be the first president in decades to have ZERO recession in the first term. Obama, Bush, Clinton, Reagan, Carter, Nixon all had recessions in their first term.

Interesting that you give blame for a recession to a president even if it started before they were elected.

But that aside, Trump, if he gets another 4 years, will have a recession, will you give him the blame for it?
 
Last edited:
Obama's economy was coming out of the "Great Recession" and had nowhere to go but up. Obama's economic recovery was weak by historic standards coming out of a deep recession. Great Recession - Wikipedia

Trump's economy is better that historic norms, there has been no recession, and the Fed chairman, Powell stated that he does not see a recession in 2020, nor the need to raise interest rates. I'm not sure what the OP is trying to claim? 2.3% growth vs 2.4% growth??? Trump is doing better at the end of an expansion, and Obama did worse coming out of a recession. The US economy is the envy of the world, lets keep it that way.
Without congressional help, the numbers won’t move. Impeachment baby is what the left wants, not 4.0 GDP. I mean creepy joe said he’d take away hundreds of thousand jobs. That’s all you need to know!
 
Last edited:
He WILL have another 4 years, he will also be the first president in decades to have ZERO recession in the first term. Obama, Bush, Clinton, Reagan, Carter, Nixon all had recessions in their first term.

And you are wrong also.

Bill Clinton did not have a recession in his first term. There was one in 90/91 and again in 2001. Clinton took office in 1993.
 
This idiot leftist is claiming even CNN's reporting on the awesome Trump economy is wrong. You know its BS when a post is left of even Trump hater CNN.

It seems that the only factor to determine how good the country is doing is "The Economy". There are so many other factors besides "The Economy".

At least Obama saw the bigger picture besides "the economy", he saw other ways to improve low income people's lives like ObamaCare, food stamps, welfare, extending unemployment benefits, etc.

I would rather have a president that doesn't create as many jobs as Trump, but does more to improve social welfare programs, giving money to the poor, creating more low cost housing, working on universal healthcare or some healthcare program that is even better than ObamaCare, giving a universal income of $1000 a month to every America citizen regardless of income or if employed or not. A president that does all that but has a slower economy and slower job growth is the kind of president I want. More socialism and less capitalism.

Most jobs created have been low wage jobs, a lot don't come with great benefits. A lot of jobs created are temp jobs or part-time jobs. These are all the "great jobs" Trump has created.
 
The Last Refuge

Forced by Reality – The Washington Post Cancels the Recession…


Excerpt:

In July and August the U.S. was heading into a recession according to the media. The Washington Post was at the forefront of the recession narrative with multiple articles predicting certain doom for the U.S. economy…. except there was a problem. All of the economic data would not support their predictions. Things only got better.

The media gnashed their horrible teeth and stomped their horrible feet; alas Main Street continued to get stronger; wages higher, unemployment lower, and more middle-class Americans gaining strength and financial footing. The media shouted at trees hoping and praying their predictions would soon evidence and the economy would throw itself into reverse. Foiled again, it just never happened. Democrats have permanent frowns.

Today the Washington Post admits defeat, informs their audience that cheering for economic collapse is futile, and states, reluctantly, the U.S. is unlikely to enter a recession:

LINK

==============

No recession during the Trump era.

IF Trump gets another 4 years there will be a recession during the Trump era. The only question is how deep.

It will happen regardless if trump wins or not.
 

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