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

[Harpy Eagle]

Not sure what you build, but new housing starts has been going up for almost 10 years, and is leveling off under Trump

View attachment 296108

Housing starts flatlined as soon as Trump took office.

No it didn't....where do you get your information, Democrat Underground?

The fact is multi-family housing is doing even better.

.

It is the new wave, they are going up all over the place around here. The wife and I are going to down size soon as the son is off to college and we are looking at them.

People are realizing that a one-fifth acre lot and a home size that greatly exceeds their needs is a liability when they are older.

I would actually be happy with no lawn at all.

 

[Denizen]

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?

And now for the rest of the story. From your link:

• 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.

.

Thanks to Obama. Trump was handed a healthy growing economy and he has pillaged it in favor of his rich buddies.

Fuck you, median middle class income is up $5,500 in the last 3 years. 76% say the economy is good or very good under Trump.

.

Health insurance and other costs are up as well as the loss of deductibility of full state property taxes.

Trump clouds the minds of and distracts the gullible while he empties their pockets.

The Trump economy is bogus and is fueled by accelerating Federal Government debt which is growing > 2x faster than GDP.

None of that effects me, I don't know what your problem is. Perhaps you live in a poorly run State.


.

That's probably an aspiration for you.

 

[OKTexas]

Not sure what you build, but new housing starts has been going up for almost 10 years, and is leveling off under Trump

View attachment 296108

Housing starts flatlined as soon as Trump took office.

No it didn't....where do you get your information, Democrat Underground?

The fact is multi-family housing is doing even better.

.

It is the new wave, they are going up all over the place around here. The wife and I are going to down size soon as the son is off to college and we are looking at them.

People are realizing that a one-fifth acre lot and a home size that greatly exceeds their needs is a liability when they are older.

Who buys a house on a 1/5th acre lot, hell you may as well be in an apartment. I've got two houses, one on 5.25 acres and the other on 1 acre.

.

 

[OKTexas]

And now for the rest of the story. From your link:

• 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.

.

Thanks to Obama. Trump was handed a healthy growing economy and he has pillaged it in favor of his rich buddies.

Fuck you, median middle class income is up $5,500 in the last 3 years. 76% say the economy is good or very good under Trump.

.

Health insurance and other costs are up as well as the loss of deductibility of full state property taxes.

Trump clouds the minds of and distracts the gullible while he empties their pockets.

The Trump economy is bogus and is fueled by accelerating Federal Government debt which is growing > 2x faster than GDP.

None of that effects me, I don't know what your problem is. Perhaps you live in a poorly run State.


.

That's probably an aspiration for you.

Yeah, you keep thinking that. LMAO

.

 

[Denizen]

Housing starts flatlined as soon as Trump took office.

No it didn't....where do you get your information, Democrat Underground?

The fact is multi-family housing is doing even better.

.

It is the new wave, they are going up all over the place around here. The wife and I are going to down size soon as the son is off to college and we are looking at them.

People are realizing that a one-fifth acre lot and a home size that greatly exceeds their needs is a liability when they are older.

I would actually be happy with no lawn at all.

House I live in currently has no lawn, an astroturf section, brick paving sections and concrete sections with many large trees, shrubs and ground plants around the periphery. Lawns are a pain in the ass to maintain in good order. The 2-story house is much bigger than needed with four bedrooms and five bathrooms.

 

[MaryL]

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

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.

Nice try. The great Democratic Putsch of 2019 has ended. The Democrats have exposed themselves. They need to change their name from that righteous party to the "Globalist SELLOUT Panderers" party, remove all pretenses.They sure as hell aren't American or DEMOCRATS anymore.

 

[OKTexas]

No it didn't....where do you get your information, Democrat Underground?

The fact is multi-family housing is doing even better.

.

It is the new wave, they are going up all over the place around here. The wife and I are going to down size soon as the son is off to college and we are looking at them.

People are realizing that a one-fifth acre lot and a home size that greatly exceeds their needs is a liability when they are older.

I would actually be happy with no lawn at all.

House I live in currently has no lawn, an astroturf section, brick paving sections and concrete sections with many large trees, shrubs and ground plants around the periphery. Lawns are a pain in the ass to maintain in good order. The 2-story house is much bigger than needed with four bedrooms and five bathrooms.

I mow 2 acres at one house, have a lawn service for the other. I don't mind mowing, trimming is another story, but it needs doing. The house I plan on dying in is one story, 3 BDR, w/two full baths. Just 2550 sqft, but that's enough for us. BTW why do you hate nature?

.

 

[protectionist]

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

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.

BEA does not have "data". It has deep state anti-Trump propaganda. This has been shown with many BEA revisions of GDP growth, all favoring Obama and tarnishing Trump.
Ho hum.

 

[MaryL]

Viva Trump.When so called "Democrats" create sanctuary cities without "DEMOCRATIC" consent to defy decades old immigration laws that Europeans followed, something isn't adding up. Gay marriage? We humans in America have the bill of rights, and that covers everyone, despite age sex creed or color. Marriage isn't some badge the wizard of OZ hands out as symbols of validation, it should mean more than that, and gosh darn IT, it still SHOULD. If Trump did something wrong, impeach him. Yep, we need to have the justice department look into every single shady Democrat dealing since 1990 too. I bet if we turned over enough rocks, and split enough hairs and threw whatever allegations against the wall, we could have impeached George Washington given half the chance.

 

[Westender]

What kind of absolute loser is a person that tries to downplay this economy. We are killing it, property values are through the roof, our IRAs are on steroids. Give me 4 more years and I will retire a wealthy man.

 

[MaryL]

Didn't George Washington own Slaves? Hmm even Lincoln, (supposedly slept with men sexuality or not, who knows) even HE was ambiguous on blacks and slavery. The Democrats where big on slavery and supporters of the KKK. Lets go back deep into the past and see who's perfect and what skeletons are in their closets. But right NOW: All those starving homeless shitting on the streets of San Francisco. Liberal democrats ignore all that, hell they created it, and give illegal aliens sanctuary, they are sooo fucking humanitarian lets investigate...that. What do you think Pelosi would say?

 

[Correll]

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

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.

Seems reasonable. Obama took over at the beginning of an economic cycle and Trump took over at the end of one.


But, the underlying trends, that is where the real deal is. And seeing lower end wages rising, is very exciting for anyone that cares about the working man.

There are consequences. Wage rises should reflect productivity gains otherwise inflation will emerge and nullify the rises.

Trump cannot pull more tax cuts out of his sleeves. Debt is rising > 2x faster than GDP.

1. Productivity has been rising for decades without significant increases in lower and middle class wages.

2. Tax cuts? Who said anything about tax cuts? IMO, the drivers are better trade and immigration policy.

Obama had 5 years of manufacturing job growth from 2010. Trump's manufacturing job growth has flatlined after 2 years. Productivity actually fell recently.

The Trump orange mind-cloud is causing delusion among Trumpers.

Mmm, yeah, that is what you expect in an aging expansion. Indeed, what you would normally expect, is a recession well before this point. That Trump has avoided a recession, is a significant accomplishment.



My point about the underlying trends, stands. The rise we are seeing in low end wages, is very exciting.



The point about productivity was in relation to the wage stagnation we have seen since the early 70s.


There are OCEANS of wage increases that the status quo policies you support, robbed US of.

 

[ph3iron]

Fed rate pegged to zero for years. Cash for clunkers. QE. Trillion dollar stimulus package. Unemployment benefits extended out to 2 years. Payroll tax cut. Banks on bailout programs. I would hope Obama could get some growth with all that support.

Now, Obama inherited a mess. But, to compare the economy now, especially with the Obama's first term is crazy. It is MUCH better today.

Yes, it so much better than Obama’s first term because it had been getting better for 5 year prior to the election.

Trump has done a great job. Reconcile that in whatever way you feel comfortable with. This economy is going to carry him to an easy win next year.

Same as the 2018?
Look at the graphs for gods sake.
The con (no taxes) has conned the biggest in history, all white zero college rubes.
Boy I look forward to raping my wife again (ok according the the cons lawyer)

Hey commie, stop talking about college when it's obvious you can't even put a reasonable sentence together. I've seen 5th graders that could put their thoughts to paper better than you.

.

I'm trying to keep it short to make sense to a zero college rube
Try this graph
Why 266,000 Jobs Were Added in Nov.
You can't tell if it's O or the con

 

[ph3iron]

Didn't George Washington own Slaves? Hmm even Lincoln, (supposedly slept with men sexuality or not, who knows) even HE was ambiguous on blacks and slavery. The Democrats where big on slavery and supporters of the KKK. Lets go back deep into the past and see who's perfect and what skeletons are in their closets. But right NOW: All those starving homeless shitting on the streets of San Francisco. Liberal democrats ignore all that, hell they created it, and give illegal aliens sanctuary, they are sooo fucking humanitarian lets investigate...that. What do you think Pelosi would say?

Homeless go to SF because of the weather and it's not Mississippi
Or would you rather live in Minnesota?
Ps cal is a little larger than SF.
Ask the repub chairman

 

[OKTexas]

Fed rate pegged to zero for years. Cash for clunkers. QE. Trillion dollar stimulus package. Unemployment benefits extended out to 2 years. Payroll tax cut. Banks on bailout programs. I would hope Obama could get some growth with all that support.

Now, Obama inherited a mess. But, to compare the economy now, especially with the Obama's first term is crazy. It is MUCH better today.

Yes, it so much better than Obama’s first term because it had been getting better for 5 year prior to the election.

Trump has done a great job. Reconcile that in whatever way you feel comfortable with. This economy is going to carry him to an easy win next year.

Same as the 2018?
Look at the graphs for gods sake.
The con (no taxes) has conned the biggest in history, all white zero college rubes.
Boy I look forward to raping my wife again (ok according the the cons lawyer)

Hey commie, stop talking about college when it's obvious you can't even put a reasonable sentence together. I've seen 5th graders that could put their thoughts to paper better than you.

.

I'm trying to keep it short to make sense to a zero college rube
Try this graph
Why 266,000 Jobs Were Added in Nov.
You can't tell if it's O or the con

Sure you can, Trumps deregulation has made US manufacturing more appealing, 20% of the gains were manufacturing jobs. Guess you're too stupid to read the article that accompanies the graph. maobama has bee out of the picture for 3 years now, are you going to keep giving you mulatto messiah the credit through the next commiecrat administration?

.

 

[Denizen]

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?

Seems reasonable. Obama took over at the beginning of an economic cycle and Trump took over at the end of one.


But, the underlying trends, that is where the real deal is. And seeing lower end wages rising, is very exciting for anyone that cares about the working man.

There are consequences. Wage rises should reflect productivity gains otherwise inflation will emerge and nullify the rises.

Trump cannot pull more tax cuts out of his sleeves. Debt is rising > 2x faster than GDP.

1. Productivity has been rising for decades without significant increases in lower and middle class wages.

2. Tax cuts? Who said anything about tax cuts? IMO, the drivers are better trade and immigration policy.

Obama had 5 years of manufacturing job growth from 2010. Trump's manufacturing job growth has flatlined after 2 years. Productivity actually fell recently.

The Trump orange mind-cloud is causing delusion among Trumpers.

Mmm, yeah, that is what you expect in an aging expansion. Indeed, what you would normally expect, is a recession well before this point. That Trump has avoided a recession, is a significant accomplishment.

My point about the underlying trends, stands. The rise we are seeing in low end wages, is very exciting.

The point about productivity was in relation to the wage stagnation we have seen since the early 70s.

There are OCEANS of wage increases that the status quo policies you support, robbed US of.

1. Debt is rising >2x faster than GDP.
2. Debt growth is unsustainable
3. The stock market is rising > 10x faster than GDP. This is not sustainable
4. The Trump economy is an illusion fueled by debt.
5. The wall is a political stunt and will never happen
6. Infrastructure is crumbling as Trump keeps blathering his lies.

The Orange man is running an Atlantic casino economy.

 

[Correll]

Seems reasonable. Obama took over at the beginning of an economic cycle and Trump took over at the end of one.


But, the underlying trends, that is where the real deal is. And seeing lower end wages rising, is very exciting for anyone that cares about the working man.

There are consequences. Wage rises should reflect productivity gains otherwise inflation will emerge and nullify the rises.

Trump cannot pull more tax cuts out of his sleeves. Debt is rising > 2x faster than GDP.

1. Productivity has been rising for decades without significant increases in lower and middle class wages.

2. Tax cuts? Who said anything about tax cuts? IMO, the drivers are better trade and immigration policy.

Obama had 5 years of manufacturing job growth from 2010. Trump's manufacturing job growth has flatlined after 2 years. Productivity actually fell recently.

The Trump orange mind-cloud is causing delusion among Trumpers.

Mmm, yeah, that is what you expect in an aging expansion. Indeed, what you would normally expect, is a recession well before this point. That Trump has avoided a recession, is a significant accomplishment.

My point about the underlying trends, stands. The rise we are seeing in low end wages, is very exciting.

The point about productivity was in relation to the wage stagnation we have seen since the early 70s.

There are OCEANS of wage increases that the status quo policies you support, robbed US of.

1. Debt is rising >2x faster than GDP.
2. Debt growth is unsustainable
3. The stock market is rising > 10x faster than GDP. This is not sustainable
4. The Trump economy is an illusion fueled by debt.
5. The wall is a political stunt and will never happen
6. Infrastructure is crumbling as Trump keeps blathering his lies.

The Orange man is running an Atlantic casino economy.

But we've had plenty of debt growth and unsustainable this and that over the last 50 years, and the underlying trends of wage stagnation, never budged.


So, something is different. In a good way.

 

[Muhammed]

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

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.

Fuck you, idiot.

10 years ago Obama was president and the Democrats had a comfortable majority in the house and a filibuster-proof supermajority in the senate. Unemployment was in the double digits. And unemployment stayed high until after the 2010 Republican revolution.

 

[LoneLaugher]

No emotion, I see it all around me. I haven't seen growth like this since the eighties. If you don't have a job, you don't want one. But you run your life on charts that can be manipulated to whatever they want them to be.

There is nothing happening now that was not happening the 5 years prior to Trump's win.

You're blind if you don't see it. 5 years ago I wouldn't of been able to buy the land I did this year. Believe me, this economy is way better now then when Obama was in office. It was stagnant then.

Have. Wouldn't have. You were hooked on phonics as a kid and you've never recovered.

 

[Denizen]

There are consequences. Wage rises should reflect productivity gains otherwise inflation will emerge and nullify the rises.

Trump cannot pull more tax cuts out of his sleeves. Debt is rising > 2x faster than GDP.

1. Productivity has been rising for decades without significant increases in lower and middle class wages.

2. Tax cuts? Who said anything about tax cuts? IMO, the drivers are better trade and immigration policy.

Obama had 5 years of manufacturing job growth from 2010. Trump's manufacturing job growth has flatlined after 2 years. Productivity actually fell recently.

The Trump orange mind-cloud is causing delusion among Trumpers.

Mmm, yeah, that is what you expect in an aging expansion. Indeed, what you would normally expect, is a recession well before this point. That Trump has avoided a recession, is a significant accomplishment.

My point about the underlying trends, stands. The rise we are seeing in low end wages, is very exciting.

The point about productivity was in relation to the wage stagnation we have seen since the early 70s.

There are OCEANS of wage increases that the status quo policies you support, robbed US of.

1. Debt is rising >2x faster than GDP.
2. Debt growth is unsustainable
3. The stock market is rising > 10x faster than GDP. This is not sustainable
4. The Trump economy is an illusion fueled by debt.
5. The wall is a political stunt and will never happen
6. Infrastructure is crumbling as Trump keeps blathering his lies.

The Orange man is running an Atlantic casino economy.

But we've had plenty of debt growth and unsustainable this and that over the last 50 years, and the underlying trends of wage stagnation, never budged.

So, something is different. In a good way.

It is OK to not be OK.