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Okay, I'm just curious here. I'm not trying to convince you of anything.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.
Fuck you, idiot.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.
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.
Another Trumpette who believes what Trump says.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.
That DP growth was trashed by Trump & Republicans under Obama.Economies always have mixed data. At this moment:
Positives: Outstanding unemployment rate, good wage growth, decent GDP growth.
Negatives: Exploded deficit, Fed back to pumping hundreds of billions into markets, still in a manufacturing recession (maybe coming out of it soon)
Overall, a good economy. But that's about it at a macro level. The goofy hyperbole is just blissful partisan ignorance.
.
That DP growth was trashed by Trump & Republicans under Obama.Economies always have mixed data. At this moment:
Positives: Outstanding unemployment rate, good wage growth, decent GDP growth.
Negatives: Exploded deficit, Fed back to pumping hundreds of billions into markets, still in a manufacturing recession (maybe coming out of it soon)
Overall, a good economy. But that's about it at a macro level. The goofy hyperbole is just blissful partisan ignorance.
.
Trump promised us 4%.
Last year 2.8%, this years could be 2.3%.
Tip of the day:Economies always have mixed data. At this moment:
Positives: Outstanding unemployment rate, good wage growth, decent GDP growth.
Negatives: Exploded deficit, Fed back to pumping hundreds of billions into markets, still in a manufacturing recession (maybe coming out of it soon)
Overall, a good economy. But that's about it at a macro level. The goofy hyperbole is just blissful partisan ignorance.
.
Correct, Trump was talking out his ass.That DP growth was trashed by Trump & Republicans under Obama.Economies always have mixed data. At this moment:
Positives: Outstanding unemployment rate, good wage growth, decent GDP growth.
Negatives: Exploded deficit, Fed back to pumping hundreds of billions into markets, still in a manufacturing recession (maybe coming out of it soon)
Overall, a good economy. But that's about it at a macro level. The goofy hyperbole is just blissful partisan ignorance.
.
Trump promised us 4%.
Last year 2.8%, this years could be 2.3%.
Are you pretending that I said "get the hell out of any investment that is even remotely related to sub-prime corporate debt", and are you pretending the industry is not concerned about corporate debt in any way?Tip of the day:Economies always have mixed data. At this moment:
Positives: Outstanding unemployment rate, good wage growth, decent GDP growth.
Negatives: Exploded deficit, Fed back to pumping hundreds of billions into markets, still in a manufacturing recession (maybe coming out of it soon)
Overall, a good economy. But that's about it at a macro level. The goofy hyperbole is just blissful partisan ignorance.
.
Mac, Get the hell out of any investment that is even remotely related to sub-prime corporate debt.
Think Bloomberg has any motive for such hilarious spinning?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.
Think Bloomberg has any motive for such hilarious spinning?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.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.
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.
Your pain is palpable. Have a nice glass of orangeade to dull your mind.
I wonder how many people at USMB are so fucking stupid that they think Trump has ever presented himself as anything other than a pragmatic centrist. Some idiots think that he is a hardcore wingnut.I do wonder how many Trumpsters realize that Trump is running this economy from a place that is fiscally to the Left of Keynes himself.
.
Still avoiding my questions.I wonder how many people at USMB are so fucking stupid that they think Trump has ever presented himself as anything other than a pragmatic centrist. Some idiots think that he is a hardcore wingnut.I do wonder how many Trumpsters realize that Trump is running this economy from a place that is fiscally to the Left of Keynes himself.
.
Unlike you, Macfraud?
yes and yes, obviously, dumbass.Okay, I'm just curious here. I'm not trying to convince you of anything.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.
Are you saying that (a) Obama had some responsibility for the double-digit unemployment rate, and that (b) the GOP had some responsibility for it dropping?
Please feel free to go into as much detail in your answer as you'd like, thanks in advance.
.
I believe that you believe that.yes and yes.Okay, I'm just curious here. I'm not trying to convince you of anything.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.
Are you saying that (a) Obama had some responsibility for the double-digit unemployment rate, and that (b) the GOP had some responsibility for it dropping?
Please feel free to go into as much detail in your answer as you'd like, thanks in advance.
.
