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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.
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.
we are sorry--sorry that you have TDSSorry 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.
The mandate killed Americans. Stay in bed with your slime fake newsThis 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.
Very true. And it is going to be a painful one. Interest rates have very little room down and we are already running trillion dollar deficits. The last recession tripled the deficit in a year...so we are looking at adding 3 to 4 trillion to the debt in a single year.
The only ignorant fool is someone looking at this booming economy then saying it isn't booming at all.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
Thank you for highlighting your ignorance...It is always good to see someone like you that embraces being an ignorant fool.
Dude, they’re all too fking stupid how money flows. They do believe their mother that it grows on trees! IAt 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.
God you people are dumb, the answer isn't more welfare. Pull your heads out of your ass for Christ sake.
If your goal is Venezuela the answer is more welfare.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.
God you people are dumb, the answer isn't more welfare. Pull your heads out of your ass for Christ sake.
So Trump has 5 more years to Blow the Surrender Monkey apart....thanks for reminding us how INEFFECTIVE the Manchian muslim was!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.
Are you gonna back your chart with politifact?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
Thank you for highlighting your ignorance...It is always good to see someone like you that embraces being an ignorant fool.
Sorry Trumpers ... This Measure Says Growth Is Slower Under Trump Than Obama
The only ignorant fool is someone looking at this booming economy then saying it isn't booming at all.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
Thank you for highlighting your ignorance...It is always good to see someone like you that embraces being an ignorant fool.
Are you gonna back your chart with politifact?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
Thank you for highlighting your ignorance...It is always good to see someone like you that embraces being an ignorant fool.
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.
I'm living in this booming economy, which tells me your little chart is crap.Are you gonna back your chart with politifact?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
Thank you for highlighting your ignorance...It is always good to see someone like you that embraces being an ignorant fool.
The chart does not need to be backed by anything.
It is a good economy but there is nothing booming about it..........
I'm living in this booming economy, which tells me your little chart is crap.Are you gonna back your chart with politifact?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 chart does not need to be backed by anything.
I'm living in this booming economy, which tells me your little chart is crap.
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.I'm living in this booming economy, which tells me your little chart is crap.Are you gonna back your chart with politifact?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 chart does not need to be backed by anything.
What can I say, some people hate data and live by their emotions.
Perhaps you should move to an actual metropolis and see what's happening as opposed to the bullshit numbers numbers presented to you by the gubmint.The only ignorant fool is someone looking at this booming economy then saying it isn't booming at all.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
Thank you for highlighting your ignorance...It is always good to see someone like you that embraces being an ignorant fool.
It is a good economy but there is nothing booming about it. GDP growth is sub-par, job growth is average, the Fed had to lower the rate to keep it moving, which is the last thing a booming economy needs.
The only thing that has been booming is debt...Federal, corporate and consumer.
