Toddsterpatriot, post: 22147083,
2016-Q4: 17784.2 - 16.0% growth Obama
2018-Q4: 18765.3 - 5.52% growth Trumpo
At this rate, Trump will beat Obama's numbers after 6 years.
2016-Q4: 17784.2 - 16.0% growth Obama
2018-Q4: 18765.3 - 5.52% growth Trumpo
Trump has not beat Obama and has to win a second term to have a shot at all. You can’t claim your prize and most likely never will.
You will get credit however for the giant turd Trumpo will leave behind.
He’s got a huge and growing problem. His 1.5 trillion tax cut goosed the economy above 3.0 for two quarters and that’s it, kaput. Not for a full year.
Worse: Revenue to Treasury fell in 2018.
- In the inaugural year of the tax cuts — with economic growth accelerating and the jobless rate falling to an 18-year low — federal revenues from corporate, payroll and personal income taxes actually fell.
- Revenues fell by 2.7 percent — or $83 billion — from 2017. Contrast that with the last time economic growth approached 3 percent, back in 2015. The economy grew by 2.9 percent after adjusting for inflation that year — and tax revenues grew by 7 percent.
It’s Official: The Trump Tax Cuts Didn’t Pay for Themselves in Year One
It’s called growing the deficit while
failing to hit that full year of sustained GDP growth above 3.0. Huge problem for your cult.
Learn this; Obama was up around 2.3 GDP (post-recession growth)
Trumpo will be lucky to hit that mark if no Trumpo Recession arrives, but climbing over 3.0 appears to be way out of reach. White House officials are already conceding that.
Which is better? Trumpo: revenue down -2.7 & GDP UP 2.9 in 2018. Or Obama: revenue up
++++7% & GDP UP 2.9 in 2015.
Huge FAIL to deliver the 3 percent annual growth and pay for the 1.5 trillion tax cuts.
- March 19, 2019 WASHINGTON — The Trump administration pushed a $1.5 trillion tax cut through Congress in 2017 on the promise that it would spark sustained economic growth. While the tax cuts have goosed the economy in the short term, officials now concede they will not be enough to deliver the 3 percent annual growth the president promised over the long term.
Most forecasters project economic growth of about 2 percent in the medium and long run for the United States, but that rate would fall far short of the heady promises that President Trump has made about his ability to fuel the American economy. Mr. Trump has predicted growth of as much as 5 percent, while his advisers have routinely promoted 3 percent as the new normal. Growth averaged just over 2 percent from 2010, the first full year after the Great Recession ended, through 2016, when Mr. Trump was elected to the White House.
Trump’s Tax Cut Won’t Power the Growth He Predicts, Officials Concede
Think about this TrumpOroid: How bad will it be if 70,000 hate voters in Michigan Pennsylvania and Wisconsin somehow again eke out a second win for Trumpo and then a recession hits his second term with massive debt piling upon his massive debt. Just think about how much damage to the economy for which Trumpo will take all the blame. And Republicans will too rightfully so.
