The strength of the Trump economy.....it truly is amazing. This is why we need Trump in office.

Zorro!

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Looks like we are experiencing the strongest GDP growth ever recorded

1600997214509.png

We applaud The American People! They said it couldn't be done!
 

Brain357

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TRUMP ECONOMY IS HUMMING: Despite the Covid-19 lockdown, the American economy is beating all kinds of expectations.

View attachment 391875
Soundly Beating Expectations.​

83% of companies in the S&P 500 beat expectations for earnings in the second quarter of the year, the first time that’s happened in more than a decade.

That’s been a common refrain over the past several months, as the economic recovery from the COVID-19 shutdowns has repeatedly outperformed what the “experts” expected. Here’s a sampling of headlines:

  • “US economy added 1.8m jobs in July, beating expectations
  • “Jobs Numbers in July Beat Expectations for Third Straight Month”
  • “Corporate Earnings Beat Analysts’ Expectations”
  • “US consumer sentiment hit a 6-month high in September, beating economist forecasts
  • “U.S. new home sales beat expectations in July”
In some cases, the difference between what economists were predicting at the start of the pandemic and what’s actually occurred is stark.

Take the forecasts for unemployment.

In March, economists at the Federal Reserve Bank of St. Louis projected the unemployment rate would top 32%.

That same month, Goldman Sachs said the unemployment rate will peak at around 15% later in the year.

A May survey of economists by FiveThirtyEight.com found that the median forecast for the May unemployment rate was 20%.

What actually happened?

The unemployment rate peaked in April at 14.7%, then dropped to 13.3% in May.

The experts were just as wrong about the speed of the jobs recovery.

In FiveThirtyEight’s May survey, the median forecast was an unemployment rate of 12% in December.

In June, S&P Global said that it expected the unemployment rate would be 8.9% by the end of the year.

That same month, the Federal Reserve forecast an unemployment rate of 9.3% by 2020’s end.

In July, the Congressional Budget Office projected that unemployment would be above 10% in the final three months of the year.

What actually happened?

The unemployment rate fell to 10.2% in June, and then down to 8.4% in August, with four months left to go in the year.

We were also treated to a series of articles in July about how the recovery was supposedly “stalling out.”

CNN reported – in a story headlined “The economy is in deep trouble again” – that “a growing sense that the recovery is losing steam as coronavirus infections surge in California, Texas, Florida and other Sun Belt states.”

Around the same time, CBS News ran a story with the headline “U.S. economy stalls as the coronavirus continues to surge.” The story quoted Gregory Daco, chief U.S. economist at Oxford Economics, saying “The foundations to this recovery are cracking under the weight of a mismanaged health crisis.”


Reuters joined in with a story titled: “U.S. weekly jobless claims unexpectedly rise; labor market recovery stalling”

Bloomberg warned that “U.S. Economic Recovery Is Stalling and It May Get Even Worse.”

Yet shortly after all those dire predictions, the Atlanta Fed’s GDPNow estimate for the third quarter steadily rose from just over 10% to more than 30%.

In other words, as the actual economic data started coming in for Q3, they didn’t show an economy stalling, but one doing better than initially expected.

With less than 10 days to go, the current GDPNow estimate for Q3 is an eye-popping 32%.

Yet, we continue to see headlines warning about a stalling economy.

The unemployment figures for September will be out until the first week of October. The government’s official estimate of growth in the third quarter will be out Oct. 29.
issues and insights?





GDP dropped %32.9 in 2nd quarter. Thanks Trump.
Thank Trump but no criticism of China. Typical leftist.
Current mindset of the president:

Only suckers and losers accept responsibility for anything which goes wrong. Winners only take credit for things with go right.
Which is why you on the left spent the first three years of the DumBama administration blaming Trump for everything.

Worldwide pandemic: 200,000 Americans dead because of Trump.

Economic downturn because of virus: See how Trump's economic policies work? Forget the last three years of a booming economy and record setting economic statistics for women and all minority groups.

California still on fire: Trump's environmental policies (we just can't name one).

Democrats destroying Democrat cities, with the blessings of Democrat Mayors and Governors, because a cop in a Democrat city, kneeled on a black guys neck and he died. All of Trump's help was declined: See how Trump's America is tearing down our country?
Huh?? Did we reverse time here? I think you meant the GWB administration...
Bush and Obama were the two worst back to back Presidents in American History. It's so nice to have a real President again.

View attachment 392543
Michelle with Dumb and Dumber.​

... You crow about the "booming economy", but give no credit to his predecessor (who's the one who handed it off to him)...
Obama handed off a plunging economy: but Trump expertly turned it around, very quickly.


... You'll just blame it on China...
It's China's fault. China lied about person to person transmission as 5,000,000 visitors left Wuhan, seeding the pandemic throughout the world.
... it looks like he's going to lose in a landslide...
Yes. You should feel very good about how this election is shaping up for you.

View attachment 392548
270 wins it, looks like Biden's won!​
...GDP grown...
Yup. Obama limped out with 1.7% real GDP growth. Trump's beat that every year. And current GDP is likely the best ever recorded.

The previous record GDP growth was 16.7% in Q1 of 1950, a record that had held for 70 years and 11 Presidents. That record may very well go down, this very quarter.

The midline of the Blue Chip Consensus for the current quarter is a torrid 24%.

Nobody thought it could be done, except Trump!
... Last year GDP growth was 2.3%...
Yup. A 35% improvement over Obama's final year. And the current quarter? Shaping up to be the strongest ever recorded in the history of the Republic.

View attachment 392569
Biden's been in federal office for 20% of the nation's history and he's never seen a quarter like the one the American People are laying down, right now.​
... a trillion dollar deficit...
In our system the House of Representatives controls the nation's purse strings, and you are right, the deficit has really gone to hell since Crazy Nancy took over the Speakership. She embarrasses you guys, you should dump her. Don't you have any capable leaders that aren't in the 80's and who aren't constantly in a tantrum?

Trump promised 4-6% gdp growth with his tax giveaway. What we got was a decrease in growth and a trillion dollar deficit. Failure.
 

Zorro!

Gold Member
Joined
Apr 9, 2019
Messages
9,377
Reaction score
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TRUMP ECONOMY IS HUMMING: Despite the Covid-19 lockdown, the American economy is beating all kinds of expectations.

View attachment 391875
Soundly Beating Expectations.​

83% of companies in the S&P 500 beat expectations for earnings in the second quarter of the year, the first time that’s happened in more than a decade.

That’s been a common refrain over the past several months, as the economic recovery from the COVID-19 shutdowns has repeatedly outperformed what the “experts” expected. Here’s a sampling of headlines:

  • “US economy added 1.8m jobs in July, beating expectations
  • “Jobs Numbers in July Beat Expectations for Third Straight Month”
  • “Corporate Earnings Beat Analysts’ Expectations”
  • “US consumer sentiment hit a 6-month high in September, beating economist forecasts
  • “U.S. new home sales beat expectations in July”
In some cases, the difference between what economists were predicting at the start of the pandemic and what’s actually occurred is stark.

Take the forecasts for unemployment.

In March, economists at the Federal Reserve Bank of St. Louis projected the unemployment rate would top 32%.

That same month, Goldman Sachs said the unemployment rate will peak at around 15% later in the year.

A May survey of economists by FiveThirtyEight.com found that the median forecast for the May unemployment rate was 20%.

What actually happened?

The unemployment rate peaked in April at 14.7%, then dropped to 13.3% in May.

The experts were just as wrong about the speed of the jobs recovery.

In FiveThirtyEight’s May survey, the median forecast was an unemployment rate of 12% in December.

In June, S&P Global said that it expected the unemployment rate would be 8.9% by the end of the year.

That same month, the Federal Reserve forecast an unemployment rate of 9.3% by 2020’s end.

In July, the Congressional Budget Office projected that unemployment would be above 10% in the final three months of the year.

What actually happened?

The unemployment rate fell to 10.2% in June, and then down to 8.4% in August, with four months left to go in the year.

We were also treated to a series of articles in July about how the recovery was supposedly “stalling out.”

CNN reported – in a story headlined “The economy is in deep trouble again” – that “a growing sense that the recovery is losing steam as coronavirus infections surge in California, Texas, Florida and other Sun Belt states.”

Around the same time, CBS News ran a story with the headline “U.S. economy stalls as the coronavirus continues to surge.” The story quoted Gregory Daco, chief U.S. economist at Oxford Economics, saying “The foundations to this recovery are cracking under the weight of a mismanaged health crisis.”


Reuters joined in with a story titled: “U.S. weekly jobless claims unexpectedly rise; labor market recovery stalling”

Bloomberg warned that “U.S. Economic Recovery Is Stalling and It May Get Even Worse.”

Yet shortly after all those dire predictions, the Atlanta Fed’s GDPNow estimate for the third quarter steadily rose from just over 10% to more than 30%.

In other words, as the actual economic data started coming in for Q3, they didn’t show an economy stalling, but one doing better than initially expected.

With less than 10 days to go, the current GDPNow estimate for Q3 is an eye-popping 32%.

Yet, we continue to see headlines warning about a stalling economy.

The unemployment figures for September will be out until the first week of October. The government’s official estimate of growth in the third quarter will be out Oct. 29.
issues and insights?





GDP dropped %32.9 in 2nd quarter. Thanks Trump.
Thank Trump but no criticism of China. Typical leftist.
Current mindset of the president:

Only suckers and losers accept responsibility for anything which goes wrong. Winners only take credit for things with go right.
Which is why you on the left spent the first three years of the DumBama administration blaming Trump for everything.

Worldwide pandemic: 200,000 Americans dead because of Trump.

Economic downturn because of virus: See how Trump's economic policies work? Forget the last three years of a booming economy and record setting economic statistics for women and all minority groups.

California still on fire: Trump's environmental policies (we just can't name one).

Democrats destroying Democrat cities, with the blessings of Democrat Mayors and Governors, because a cop in a Democrat city, kneeled on a black guys neck and he died. All of Trump's help was declined: See how Trump's America is tearing down our country?
Huh?? Did we reverse time here? I think you meant the GWB administration...
Bush and Obama were the two worst back to back Presidents in American History. It's so nice to have a real President again.

View attachment 392543
Michelle with Dumb and Dumber.​

... You crow about the "booming economy", but give no credit to his predecessor (who's the one who handed it off to him)...
Obama handed off a plunging economy: but Trump expertly turned it around, very quickly.


... You'll just blame it on China...
It's China's fault. China lied about person to person transmission as 5,000,000 visitors left Wuhan, seeding the pandemic throughout the world.
... it looks like he's going to lose in a landslide...
Yes. You should feel very good about how this election is shaping up for you.

View attachment 392548
270 wins it, looks like Biden's won!​
...GDP grown...
Yup. Obama limped out with 1.7% real GDP growth. Trump's beat that every year. And current GDP is likely the best ever recorded.

The previous record GDP growth was 16.7% in Q1 of 1950, a record that had held for 70 years and 11 Presidents. That record may very well go down, this very quarter.

The midline of the Blue Chip Consensus for the current quarter is a torrid 24%.

Nobody thought it could be done, except Trump!
... Last year GDP growth was 2.3%...
Yup. A 35% improvement over Obama's final year. And the current quarter? Shaping up to be the strongest ever recorded in the history of the Republic.

View attachment 392569
Biden's been in federal office for 20% of the nation's history and he's never seen a quarter like the one the American People are laying down, right now.​
... a trillion dollar deficit...
In our system the House of Representatives controls the nation's purse strings, and you are right, the deficit has really gone to hell since Crazy Nancy took over the Speakership. She embarrasses you guys, you should dump her. Don't you have any capable leaders that aren't in the 80's and who aren't constantly in a tantrum?

...a trillion dollar deficit. Failure...
In our system the House of Representatives controls the purse strings, and you are right, the deficit has EXPLODED since Pelosi became Speaker. She embarrasses you guys, you really should do yourself a favor and dump her. Get someone who is younger, has a fresh vision and isn't always screaming and tearing things up.

1600999756693.png
 

Brain357

Platinum Member
Joined
Mar 30, 2013
Messages
34,476
Reaction score
2,938
Points
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TRUMP ECONOMY IS HUMMING: Despite the Covid-19 lockdown, the American economy is beating all kinds of expectations.

View attachment 391875
Soundly Beating Expectations.​

83% of companies in the S&P 500 beat expectations for earnings in the second quarter of the year, the first time that’s happened in more than a decade.

That’s been a common refrain over the past several months, as the economic recovery from the COVID-19 shutdowns has repeatedly outperformed what the “experts” expected. Here’s a sampling of headlines:

  • “US economy added 1.8m jobs in July, beating expectations
  • “Jobs Numbers in July Beat Expectations for Third Straight Month”
  • “Corporate Earnings Beat Analysts’ Expectations”
  • “US consumer sentiment hit a 6-month high in September, beating economist forecasts
  • “U.S. new home sales beat expectations in July”
In some cases, the difference between what economists were predicting at the start of the pandemic and what’s actually occurred is stark.

Take the forecasts for unemployment.

In March, economists at the Federal Reserve Bank of St. Louis projected the unemployment rate would top 32%.

That same month, Goldman Sachs said the unemployment rate will peak at around 15% later in the year.

A May survey of economists by FiveThirtyEight.com found that the median forecast for the May unemployment rate was 20%.

What actually happened?

The unemployment rate peaked in April at 14.7%, then dropped to 13.3% in May.

The experts were just as wrong about the speed of the jobs recovery.

In FiveThirtyEight’s May survey, the median forecast was an unemployment rate of 12% in December.

In June, S&P Global said that it expected the unemployment rate would be 8.9% by the end of the year.

That same month, the Federal Reserve forecast an unemployment rate of 9.3% by 2020’s end.

In July, the Congressional Budget Office projected that unemployment would be above 10% in the final three months of the year.

What actually happened?

The unemployment rate fell to 10.2% in June, and then down to 8.4% in August, with four months left to go in the year.

We were also treated to a series of articles in July about how the recovery was supposedly “stalling out.”

CNN reported – in a story headlined “The economy is in deep trouble again” – that “a growing sense that the recovery is losing steam as coronavirus infections surge in California, Texas, Florida and other Sun Belt states.”

Around the same time, CBS News ran a story with the headline “U.S. economy stalls as the coronavirus continues to surge.” The story quoted Gregory Daco, chief U.S. economist at Oxford Economics, saying “The foundations to this recovery are cracking under the weight of a mismanaged health crisis.”


Reuters joined in with a story titled: “U.S. weekly jobless claims unexpectedly rise; labor market recovery stalling”

Bloomberg warned that “U.S. Economic Recovery Is Stalling and It May Get Even Worse.”

Yet shortly after all those dire predictions, the Atlanta Fed’s GDPNow estimate for the third quarter steadily rose from just over 10% to more than 30%.

In other words, as the actual economic data started coming in for Q3, they didn’t show an economy stalling, but one doing better than initially expected.

With less than 10 days to go, the current GDPNow estimate for Q3 is an eye-popping 32%.

Yet, we continue to see headlines warning about a stalling economy.

The unemployment figures for September will be out until the first week of October. The government’s official estimate of growth in the third quarter will be out Oct. 29.
issues and insights?





GDP dropped %32.9 in 2nd quarter. Thanks Trump.
Thank Trump but no criticism of China. Typical leftist.
Current mindset of the president:

Only suckers and losers accept responsibility for anything which goes wrong. Winners only take credit for things with go right.
Which is why you on the left spent the first three years of the DumBama administration blaming Trump for everything.

Worldwide pandemic: 200,000 Americans dead because of Trump.

Economic downturn because of virus: See how Trump's economic policies work? Forget the last three years of a booming economy and record setting economic statistics for women and all minority groups.

California still on fire: Trump's environmental policies (we just can't name one).

Democrats destroying Democrat cities, with the blessings of Democrat Mayors and Governors, because a cop in a Democrat city, kneeled on a black guys neck and he died. All of Trump's help was declined: See how Trump's America is tearing down our country?
Huh?? Did we reverse time here? I think you meant the GWB administration...
Bush and Obama were the two worst back to back Presidents in American History. It's so nice to have a real President again.

View attachment 392543
Michelle with Dumb and Dumber.​

... You crow about the "booming economy", but give no credit to his predecessor (who's the one who handed it off to him)...
Obama handed off a plunging economy: but Trump expertly turned it around, very quickly.


... You'll just blame it on China...
It's China's fault. China lied about person to person transmission as 5,000,000 visitors left Wuhan, seeding the pandemic throughout the world.
... it looks like he's going to lose in a landslide...
Yes. You should feel very good about how this election is shaping up for you.

View attachment 392548
270 wins it, looks like Biden's won!​
...GDP grown...
Yup. Obama limped out with 1.7% real GDP growth. Trump's beat that every year. And current GDP is likely the best ever recorded.

The previous record GDP growth was 16.7% in Q1 of 1950, a record that had held for 70 years and 11 Presidents. That record may very well go down, this very quarter.

The midline of the Blue Chip Consensus for the current quarter is a torrid 24%.

Nobody thought it could be done, except Trump!
... Last year GDP growth was 2.3%...
Yup. A 35% improvement over Obama's final year. And the current quarter? Shaping up to be the strongest ever recorded in the history of the Republic.

View attachment 392569
Biden's been in federal office for 20% of the nation's history and he's never seen a quarter like the one the American People are laying down, right now.​
... a trillion dollar deficit...
In our system the House of Representatives controls the nation's purse strings, and you are right, the deficit has really gone to hell since Crazy Nancy took over the Speakership. She embarrasses you guys, you should dump her. Don't you have any capable leaders that aren't in the 80's and who aren't constantly in a tantrum?

...a trillion dollar deficit. Failure...
In our system the House of Representatives controls the purse strings, and you are right, the deficit has EXPLODED since Pelosi became Speaker. She embarrasses you guys, you really should do yourself a favor and dump her. Get someone who is younger, has a fresh vision and isn't always screaming and tearing things up.

Actually the increases were set up when republicans were in full control. Deficits have increased every single year under trump. He drastically increased spending and hurt revenue with his tax cuts.
 

Zorro!

Gold Member
Joined
Apr 9, 2019
Messages
9,377
Reaction score
2,699
Points
265
TRUMP ECONOMY IS HUMMING: Despite the Covid-19 lockdown, the American economy is beating all kinds of expectations.

View attachment 391875
Soundly Beating Expectations.​

83% of companies in the S&P 500 beat expectations for earnings in the second quarter of the year, the first time that’s happened in more than a decade.

That’s been a common refrain over the past several months, as the economic recovery from the COVID-19 shutdowns has repeatedly outperformed what the “experts” expected. Here’s a sampling of headlines:

  • “US economy added 1.8m jobs in July, beating expectations
  • “Jobs Numbers in July Beat Expectations for Third Straight Month”
  • “Corporate Earnings Beat Analysts’ Expectations”
  • “US consumer sentiment hit a 6-month high in September, beating economist forecasts
  • “U.S. new home sales beat expectations in July”
In some cases, the difference between what economists were predicting at the start of the pandemic and what’s actually occurred is stark.

Take the forecasts for unemployment.

In March, economists at the Federal Reserve Bank of St. Louis projected the unemployment rate would top 32%.

That same month, Goldman Sachs said the unemployment rate will peak at around 15% later in the year.

A May survey of economists by FiveThirtyEight.com found that the median forecast for the May unemployment rate was 20%.

What actually happened?

The unemployment rate peaked in April at 14.7%, then dropped to 13.3% in May.

The experts were just as wrong about the speed of the jobs recovery.

In FiveThirtyEight’s May survey, the median forecast was an unemployment rate of 12% in December.

In June, S&P Global said that it expected the unemployment rate would be 8.9% by the end of the year.

That same month, the Federal Reserve forecast an unemployment rate of 9.3% by 2020’s end.

In July, the Congressional Budget Office projected that unemployment would be above 10% in the final three months of the year.

What actually happened?

The unemployment rate fell to 10.2% in June, and then down to 8.4% in August, with four months left to go in the year.

We were also treated to a series of articles in July about how the recovery was supposedly “stalling out.”

CNN reported – in a story headlined “The economy is in deep trouble again” – that “a growing sense that the recovery is losing steam as coronavirus infections surge in California, Texas, Florida and other Sun Belt states.”

Around the same time, CBS News ran a story with the headline “U.S. economy stalls as the coronavirus continues to surge.” The story quoted Gregory Daco, chief U.S. economist at Oxford Economics, saying “The foundations to this recovery are cracking under the weight of a mismanaged health crisis.”


Reuters joined in with a story titled: “U.S. weekly jobless claims unexpectedly rise; labor market recovery stalling”

Bloomberg warned that “U.S. Economic Recovery Is Stalling and It May Get Even Worse.”

Yet shortly after all those dire predictions, the Atlanta Fed’s GDPNow estimate for the third quarter steadily rose from just over 10% to more than 30%.

In other words, as the actual economic data started coming in for Q3, they didn’t show an economy stalling, but one doing better than initially expected.

With less than 10 days to go, the current GDPNow estimate for Q3 is an eye-popping 32%.

Yet, we continue to see headlines warning about a stalling economy.

The unemployment figures for September will be out until the first week of October. The government’s official estimate of growth in the third quarter will be out Oct. 29.
issues and insights?





GDP dropped %32.9 in 2nd quarter. Thanks Trump.
Thank Trump but no criticism of China. Typical leftist.
Current mindset of the president:

Only suckers and losers accept responsibility for anything which goes wrong. Winners only take credit for things with go right.
Which is why you on the left spent the first three years of the DumBama administration blaming Trump for everything.

Worldwide pandemic: 200,000 Americans dead because of Trump.

Economic downturn because of virus: See how Trump's economic policies work? Forget the last three years of a booming economy and record setting economic statistics for women and all minority groups.

California still on fire: Trump's environmental policies (we just can't name one).

Democrats destroying Democrat cities, with the blessings of Democrat Mayors and Governors, because a cop in a Democrat city, kneeled on a black guys neck and he died. All of Trump's help was declined: See how Trump's America is tearing down our country?
Huh?? Did we reverse time here? I think you meant the GWB administration...
Bush and Obama were the two worst back to back Presidents in American History. It's so nice to have a real President again.

View attachment 392543
Michelle with Dumb and Dumber.​

... You crow about the "booming economy", but give no credit to his predecessor (who's the one who handed it off to him)...
Obama handed off a plunging economy: but Trump expertly turned it around, very quickly.


... You'll just blame it on China...
It's China's fault. China lied about person to person transmission as 5,000,000 visitors left Wuhan, seeding the pandemic throughout the world.
... it looks like he's going to lose in a landslide...
Yes. You should feel very good about how this election is shaping up for you.

View attachment 392548
270 wins it, looks like Biden's won!​
...GDP grown...
Yup. Obama limped out with 1.7% real GDP growth. Trump's beat that every year. And current GDP is likely the best ever recorded.

The previous record GDP growth was 16.7% in Q1 of 1950, a record that had held for 70 years and 11 Presidents. That record may very well go down, this very quarter.

The midline of the Blue Chip Consensus for the current quarter is a torrid 24%.

Nobody thought it could be done, except Trump!
... Last year GDP growth was 2.3%...
Yup. A 35% improvement over Obama's final year. And the current quarter? Shaping up to be the strongest ever recorded in the history of the Republic.

View attachment 392569
Biden's been in federal office for 20% of the nation's history and he's never seen a quarter like the one the American People are laying down, right now.​
... a trillion dollar deficit...
In our system the House of Representatives controls the nation's purse strings, and you are right, the deficit has really gone to hell since Crazy Nancy took over the Speakership. She embarrasses you guys, you should dump her. Don't you have any capable leaders that aren't in the 80's and who aren't constantly in a tantrum?

...a trillion dollar deficit. Failure...
In our system the House of Representatives controls the purse strings, and you are right, the deficit has EXPLODED since Pelosi became Speaker. She embarrasses you guys, you really should do yourself a favor and dump her. Get someone who is younger, has a fresh vision and isn't always screaming and tearing things up.

Actually the increases were set up when republicans were in full control...
Fake News.

Crazy Nancy's first act was to automatically increase the budget limit.

Democrats will revive the "Gephardt Rule," named for former House Democratic leader Rep. Dick Gephardt, D-Mo., that automatically raises the debt ceiling — the nation's borrowing limit — once the House passes a budget.


Jan 2, 2019

It all changed January 2019 when Pelosi took over as Speaker


He drastically... hurt revenue with his tax cuts.
Fake News.

In Obama's final year Federal Revenue only grew by 0.4%

Over Trump's first 3 years revenue grew by 7.2%, total, over the 3 year period, or an average of 2.4% a year. 2.4% is a big improvement over 0.4%.

Year end numbers are below.

 

Brain357

Platinum Member
Joined
Mar 30, 2013
Messages
34,476
Reaction score
2,938
Points
1,115
TRUMP ECONOMY IS HUMMING: Despite the Covid-19 lockdown, the American economy is beating all kinds of expectations.

View attachment 391875
Soundly Beating Expectations.​

83% of companies in the S&P 500 beat expectations for earnings in the second quarter of the year, the first time that’s happened in more than a decade.

That’s been a common refrain over the past several months, as the economic recovery from the COVID-19 shutdowns has repeatedly outperformed what the “experts” expected. Here’s a sampling of headlines:

  • “US economy added 1.8m jobs in July, beating expectations
  • “Jobs Numbers in July Beat Expectations for Third Straight Month”
  • “Corporate Earnings Beat Analysts’ Expectations”
  • “US consumer sentiment hit a 6-month high in September, beating economist forecasts
  • “U.S. new home sales beat expectations in July”
In some cases, the difference between what economists were predicting at the start of the pandemic and what’s actually occurred is stark.

Take the forecasts for unemployment.

In March, economists at the Federal Reserve Bank of St. Louis projected the unemployment rate would top 32%.

That same month, Goldman Sachs said the unemployment rate will peak at around 15% later in the year.

A May survey of economists by FiveThirtyEight.com found that the median forecast for the May unemployment rate was 20%.

What actually happened?

The unemployment rate peaked in April at 14.7%, then dropped to 13.3% in May.

The experts were just as wrong about the speed of the jobs recovery.

In FiveThirtyEight’s May survey, the median forecast was an unemployment rate of 12% in December.

In June, S&P Global said that it expected the unemployment rate would be 8.9% by the end of the year.

That same month, the Federal Reserve forecast an unemployment rate of 9.3% by 2020’s end.

In July, the Congressional Budget Office projected that unemployment would be above 10% in the final three months of the year.

What actually happened?

The unemployment rate fell to 10.2% in June, and then down to 8.4% in August, with four months left to go in the year.

We were also treated to a series of articles in July about how the recovery was supposedly “stalling out.”

CNN reported – in a story headlined “The economy is in deep trouble again” – that “a growing sense that the recovery is losing steam as coronavirus infections surge in California, Texas, Florida and other Sun Belt states.”

Around the same time, CBS News ran a story with the headline “U.S. economy stalls as the coronavirus continues to surge.” The story quoted Gregory Daco, chief U.S. economist at Oxford Economics, saying “The foundations to this recovery are cracking under the weight of a mismanaged health crisis.”


Reuters joined in with a story titled: “U.S. weekly jobless claims unexpectedly rise; labor market recovery stalling”

Bloomberg warned that “U.S. Economic Recovery Is Stalling and It May Get Even Worse.”

Yet shortly after all those dire predictions, the Atlanta Fed’s GDPNow estimate for the third quarter steadily rose from just over 10% to more than 30%.

In other words, as the actual economic data started coming in for Q3, they didn’t show an economy stalling, but one doing better than initially expected.

With less than 10 days to go, the current GDPNow estimate for Q3 is an eye-popping 32%.

Yet, we continue to see headlines warning about a stalling economy.

The unemployment figures for September will be out until the first week of October. The government’s official estimate of growth in the third quarter will be out Oct. 29.
issues and insights?





GDP dropped %32.9 in 2nd quarter. Thanks Trump.
Thank Trump but no criticism of China. Typical leftist.
Current mindset of the president:

Only suckers and losers accept responsibility for anything which goes wrong. Winners only take credit for things with go right.
Which is why you on the left spent the first three years of the DumBama administration blaming Trump for everything.

Worldwide pandemic: 200,000 Americans dead because of Trump.

Economic downturn because of virus: See how Trump's economic policies work? Forget the last three years of a booming economy and record setting economic statistics for women and all minority groups.

California still on fire: Trump's environmental policies (we just can't name one).

Democrats destroying Democrat cities, with the blessings of Democrat Mayors and Governors, because a cop in a Democrat city, kneeled on a black guys neck and he died. All of Trump's help was declined: See how Trump's America is tearing down our country?
Huh?? Did we reverse time here? I think you meant the GWB administration...
Bush and Obama were the two worst back to back Presidents in American History. It's so nice to have a real President again.

View attachment 392543
Michelle with Dumb and Dumber.​

... You crow about the "booming economy", but give no credit to his predecessor (who's the one who handed it off to him)...
Obama handed off a plunging economy: but Trump expertly turned it around, very quickly.


... You'll just blame it on China...
It's China's fault. China lied about person to person transmission as 5,000,000 visitors left Wuhan, seeding the pandemic throughout the world.
... it looks like he's going to lose in a landslide...
Yes. You should feel very good about how this election is shaping up for you.

View attachment 392548
270 wins it, looks like Biden's won!​
...GDP grown...
Yup. Obama limped out with 1.7% real GDP growth. Trump's beat that every year. And current GDP is likely the best ever recorded.

The previous record GDP growth was 16.7% in Q1 of 1950, a record that had held for 70 years and 11 Presidents. That record may very well go down, this very quarter.

The midline of the Blue Chip Consensus for the current quarter is a torrid 24%.

Nobody thought it could be done, except Trump!
... Last year GDP growth was 2.3%...
Yup. A 35% improvement over Obama's final year. And the current quarter? Shaping up to be the strongest ever recorded in the history of the Republic.

View attachment 392569
Biden's been in federal office for 20% of the nation's history and he's never seen a quarter like the one the American People are laying down, right now.​
... a trillion dollar deficit...
In our system the House of Representatives controls the nation's purse strings, and you are right, the deficit has really gone to hell since Crazy Nancy took over the Speakership. She embarrasses you guys, you should dump her. Don't you have any capable leaders that aren't in the 80's and who aren't constantly in a tantrum?

...a trillion dollar deficit. Failure...
In our system the House of Representatives controls the purse strings, and you are right, the deficit has EXPLODED since Pelosi became Speaker. She embarrasses you guys, you really should do yourself a favor and dump her. Get someone who is younger, has a fresh vision and isn't always screaming and tearing things up.

Actually the increases were set up when republicans were in full control...
Fake News.

Crazy Nancy's first act was to automatically increase the budget limit.

Democrats will revive the "Gephardt Rule," named for former House Democratic leader Rep. Dick Gephardt, D-Mo., that automatically raises the debt ceiling — the nation's borrowing limit — once the House passes a budget.


Jan 2, 2019

It all changed January 2019 when Pelosi took over as Speaker


He drastically... hurt revenue with his tax cuts.
Fake News.

In Obama's final year Federal Revenue only grew by 0.4%

Over Trump's first 3 years revenue grew by 7.2%, total, over the 3 year period, or an average of 2.4% a year. 2.4% is a big improvement over 0.4%.

Year end numbers are below.

Trump drastically increased spending with military increases and clearly his big tax cut failure hurt revenue. The trillion dollar deficit is proof of his failures. This year will be over $3 trillion.
 

Brain357

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TRUMP ECONOMY IS HUMMING: Despite the Covid-19 lockdown, the American economy is beating all kinds of expectations.

View attachment 391875
Soundly Beating Expectations.​

83% of companies in the S&P 500 beat expectations for earnings in the second quarter of the year, the first time that’s happened in more than a decade.

That’s been a common refrain over the past several months, as the economic recovery from the COVID-19 shutdowns has repeatedly outperformed what the “experts” expected. Here’s a sampling of headlines:

  • “US economy added 1.8m jobs in July, beating expectations
  • “Jobs Numbers in July Beat Expectations for Third Straight Month”
  • “Corporate Earnings Beat Analysts’ Expectations”
  • “US consumer sentiment hit a 6-month high in September, beating economist forecasts
  • “U.S. new home sales beat expectations in July”
In some cases, the difference between what economists were predicting at the start of the pandemic and what’s actually occurred is stark.

Take the forecasts for unemployment.

In March, economists at the Federal Reserve Bank of St. Louis projected the unemployment rate would top 32%.

That same month, Goldman Sachs said the unemployment rate will peak at around 15% later in the year.

A May survey of economists by FiveThirtyEight.com found that the median forecast for the May unemployment rate was 20%.

What actually happened?

The unemployment rate peaked in April at 14.7%, then dropped to 13.3% in May.

The experts were just as wrong about the speed of the jobs recovery.

In FiveThirtyEight’s May survey, the median forecast was an unemployment rate of 12% in December.

In June, S&P Global said that it expected the unemployment rate would be 8.9% by the end of the year.

That same month, the Federal Reserve forecast an unemployment rate of 9.3% by 2020’s end.

In July, the Congressional Budget Office projected that unemployment would be above 10% in the final three months of the year.

What actually happened?

The unemployment rate fell to 10.2% in June, and then down to 8.4% in August, with four months left to go in the year.

We were also treated to a series of articles in July about how the recovery was supposedly “stalling out.”

CNN reported – in a story headlined “The economy is in deep trouble again” – that “a growing sense that the recovery is losing steam as coronavirus infections surge in California, Texas, Florida and other Sun Belt states.”

Around the same time, CBS News ran a story with the headline “U.S. economy stalls as the coronavirus continues to surge.” The story quoted Gregory Daco, chief U.S. economist at Oxford Economics, saying “The foundations to this recovery are cracking under the weight of a mismanaged health crisis.”


Reuters joined in with a story titled: “U.S. weekly jobless claims unexpectedly rise; labor market recovery stalling”

Bloomberg warned that “U.S. Economic Recovery Is Stalling and It May Get Even Worse.”

Yet shortly after all those dire predictions, the Atlanta Fed’s GDPNow estimate for the third quarter steadily rose from just over 10% to more than 30%.

In other words, as the actual economic data started coming in for Q3, they didn’t show an economy stalling, but one doing better than initially expected.

With less than 10 days to go, the current GDPNow estimate for Q3 is an eye-popping 32%.

Yet, we continue to see headlines warning about a stalling economy.

The unemployment figures for September will be out until the first week of October. The government’s official estimate of growth in the third quarter will be out Oct. 29.
issues and insights?





GDP dropped %32.9 in 2nd quarter. Thanks Trump.
Thank Trump but no criticism of China. Typical leftist.
Current mindset of the president:

Only suckers and losers accept responsibility for anything which goes wrong. Winners only take credit for things with go right.
Which is why you on the left spent the first three years of the DumBama administration blaming Trump for everything.

Worldwide pandemic: 200,000 Americans dead because of Trump.

Economic downturn because of virus: See how Trump's economic policies work? Forget the last three years of a booming economy and record setting economic statistics for women and all minority groups.

California still on fire: Trump's environmental policies (we just can't name one).

Democrats destroying Democrat cities, with the blessings of Democrat Mayors and Governors, because a cop in a Democrat city, kneeled on a black guys neck and he died. All of Trump's help was declined: See how Trump's America is tearing down our country?
Huh?? Did we reverse time here? I think you meant the GWB administration...
Bush and Obama were the two worst back to back Presidents in American History. It's so nice to have a real President again.

View attachment 392543
Michelle with Dumb and Dumber.​

... You crow about the "booming economy", but give no credit to his predecessor (who's the one who handed it off to him)...
Obama handed off a plunging economy: but Trump expertly turned it around, very quickly.


... You'll just blame it on China...
It's China's fault. China lied about person to person transmission as 5,000,000 visitors left Wuhan, seeding the pandemic throughout the world.
... it looks like he's going to lose in a landslide...
Yes. You should feel very good about how this election is shaping up for you.

View attachment 392548
270 wins it, looks like Biden's won!​
...GDP grown...
Yup. Obama limped out with 1.7% real GDP growth. Trump's beat that every year. And current GDP is likely the best ever recorded.

The previous record GDP growth was 16.7% in Q1 of 1950, a record that had held for 70 years and 11 Presidents. That record may very well go down, this very quarter.

The midline of the Blue Chip Consensus for the current quarter is a torrid 24%.

Nobody thought it could be done, except Trump!
... Last year GDP growth was 2.3%...
Yup. A 35% improvement over Obama's final year. And the current quarter? Shaping up to be the strongest ever recorded in the history of the Republic.

View attachment 392569
Biden's been in federal office for 20% of the nation's history and he's never seen a quarter like the one the American People are laying down, right now.​
... a trillion dollar deficit...
In our system the House of Representatives controls the nation's purse strings, and you are right, the deficit has really gone to hell since Crazy Nancy took over the Speakership. She embarrasses you guys, you should dump her. Don't you have any capable leaders that aren't in the 80's and who aren't constantly in a tantrum?

...a trillion dollar deficit. Failure...
In our system the House of Representatives controls the purse strings, and you are right, the deficit has EXPLODED since Pelosi became Speaker. She embarrasses you guys, you really should do yourself a favor and dump her. Get someone who is younger, has a fresh vision and isn't always screaming and tearing things up.

Actually the increases were set up when republicans were in full control...
Fake News.

Crazy Nancy's first act was to automatically increase the budget limit.

Democrats will revive the "Gephardt Rule," named for former House Democratic leader Rep. Dick Gephardt, D-Mo., that automatically raises the debt ceiling — the nation's borrowing limit — once the House passes a budget.


Jan 2, 2019

It all changed January 2019 when Pelosi took over as Speaker


He drastically... hurt revenue with his tax cuts.
Fake News.

In Obama's final year Federal Revenue only grew by 0.4%

Over Trump's first 3 years revenue grew by 7.2%, total, over the 3 year period, or an average of 2.4% a year. 2.4% is a big improvement over 0.4%.

Year end numbers are below.

 

Ray From Cleveland

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Trump drastically increased spending with military increases and clearly his big tax cut failure hurt revenue. The trillion dollar deficit is proof of his failures. This year will be over $3 trillion.
The Democrats came out with a 4 trillion dollar relief bill that the Republicans cut down. The Democrats refused to sign onto it unless it had all their pork. Given the fact and constitutional outlines all appropriation bills originate in the House, you can hardly blame Trump for all of the spending given who's been in charge of the House the last two years.
 

Brain357

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Trump drastically increased spending with military increases and clearly his big tax cut failure hurt revenue. The trillion dollar deficit is proof of his failures. This year will be over $3 trillion.
The Democrats came out with a 4 trillion dollar relief bill that the Republicans cut down. The Democrats refused to sign onto it unless it had all their pork. Given the fact and constitutional outlines all appropriation bills originate in the House, you can hardly blame Trump for all of the spending given who's been in charge of the House the last two years.
Clearly it is his policy. The military spending increase was his policy. The tax cuts that hurt revenue were his policy. The farmer bailout needed because of his tariffs are his policy. Even now he does executive order bailouts. Trump is a fiscal disaster. He started with full control of government and a strong economy. He is a failure.
 

Ray From Cleveland

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Clearly it is his policy. The military spending increase was his policy. The tax cuts that hurt revenue were his policy. The farmer bailout needed because of his tariffs are his policy. Even now he does executive order bailouts. Trump is a fiscal disaster. He started with full control of government and a strong economy. He is a failure.
You're talking about when he had a Republican House. But what about after the Dems took it over? Who made the first stimulus bill? Who made the current one they are battling over? And if we don't get leadership back in the House, who will make the following bills?

You leftists are so funny. Welfare benefits never put us in debt, Planned Parenthood never put us in debt, environmental policies never put us in debt, only lowering taxes and increasing our military strength put us in debt.

But what happens if Biden does win? We won't go into further debt? We won't go into debt over nationalized healthcare? We won't go into further debt over free college? We won't go into further debt with new green initiatives?

Oh come on man, are you a junkie or something?
 

Brain357

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Clearly it is his policy. The military spending increase was his policy. The tax cuts that hurt revenue were his policy. The farmer bailout needed because of his tariffs are his policy. Even now he does executive order bailouts. Trump is a fiscal disaster. He started with full control of government and a strong economy. He is a failure.
You're talking about when he had a Republican House. But what about after the Dems took it over? Who made the first stimulus bill? Who made the current one they are battling over? And if we don't get leadership back in the House, who will make the following bills?

You leftists are so funny. Welfare benefits never put us in debt, Planned Parenthood never put us in debt, environmental policies never put us in debt, only lowering taxes and increasing our military strength put us in debt.

But what happens if Biden does win? We won't go into further debt? We won't go into debt over nationalized healthcare? We won't go into further debt over free college? We won't go into further debt with new green initiatives?

Oh come on man, are you a junkie or something?
Yes deficits were a disaster even before the pandemic. Deficits were lower under Obama, Trump has increased them every single year. The guy can't stop spending. Did you not notice his executive order giveaway? Remember when the idiot wanted to buy Greenland? His record is horrible. Trump has outspent Obama and you want me to worry about Biden? You must be joking.
 

Brain357

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Clearly it is his policy. The military spending increase was his policy. The tax cuts that hurt revenue were his policy. The farmer bailout needed because of his tariffs are his policy. Even now he does executive order bailouts. Trump is a fiscal disaster. He started with full control of government and a strong economy. He is a failure.
You're talking about when he had a Republican House. But what about after the Dems took it over? Who made the first stimulus bill? Who made the current one they are battling over? And if we don't get leadership back in the House, who will make the following bills?

You leftists are so funny. Welfare benefits never put us in debt, Planned Parenthood never put us in debt, environmental policies never put us in debt, only lowering taxes and increasing our military strength put us in debt.

But what happens if Biden does win? We won't go into further debt? We won't go into debt over nationalized healthcare? We won't go into further debt over free college? We won't go into further debt with new green initiatives?

Oh come on man, are you a junkie or something?
BTW, I'm a fiscally responsible free market capitalist. Trump is none of those. Does that make me a leftist now? It sure doesn't make me a republican.
 

candycorn

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An explanation of how strong the Trump economy is............this is why we need Trump to win in November.

Amazing what $6T in more debt will do.
 

candycorn

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An explanation of how strong the Trump economy is............this is why we need Trump to win in November.

Yep. At its height, almost 20% unemployment. Now down to 8.4%. Hippie Stink is correct, that's staggering. Now we're just recovering what was lost during Trump's epic blunder of a response to the virus. Most of it didn't have to happen.
Sorry, that's why Trump needs to go in November...along with as many of his Republican enablers as possible.
They've got this kid in a chair spouting off ignorant talk radio platitudes and they use it as supporting evidence.

That's the level of intellect we're dealing with here.
That and the OP who thinks 200,000K deaths is being "great" on the virus.
 

Zorro!

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TRUMP ECONOMY IS HUMMING: Despite the Covid-19 lockdown, the American economy is beating all kinds of expectations.

View attachment 391875
Soundly Beating Expectations.​

83% of companies in the S&P 500 beat expectations for earnings in the second quarter of the year, the first time that’s happened in more than a decade.

That’s been a common refrain over the past several months, as the economic recovery from the COVID-19 shutdowns has repeatedly outperformed what the “experts” expected. Here’s a sampling of headlines:

  • “US economy added 1.8m jobs in July, beating expectations
  • “Jobs Numbers in July Beat Expectations for Third Straight Month”
  • “Corporate Earnings Beat Analysts’ Expectations”
  • “US consumer sentiment hit a 6-month high in September, beating economist forecasts
  • “U.S. new home sales beat expectations in July”
In some cases, the difference between what economists were predicting at the start of the pandemic and what’s actually occurred is stark.

Take the forecasts for unemployment.

In March, economists at the Federal Reserve Bank of St. Louis projected the unemployment rate would top 32%.

That same month, Goldman Sachs said the unemployment rate will peak at around 15% later in the year.

A May survey of economists by FiveThirtyEight.com found that the median forecast for the May unemployment rate was 20%.

What actually happened?

The unemployment rate peaked in April at 14.7%, then dropped to 13.3% in May.

The experts were just as wrong about the speed of the jobs recovery.

In FiveThirtyEight’s May survey, the median forecast was an unemployment rate of 12% in December.

In June, S&P Global said that it expected the unemployment rate would be 8.9% by the end of the year.

That same month, the Federal Reserve forecast an unemployment rate of 9.3% by 2020’s end.

In July, the Congressional Budget Office projected that unemployment would be above 10% in the final three months of the year.

What actually happened?

The unemployment rate fell to 10.2% in June, and then down to 8.4% in August, with four months left to go in the year.

We were also treated to a series of articles in July about how the recovery was supposedly “stalling out.”

CNN reported – in a story headlined “The economy is in deep trouble again” – that “a growing sense that the recovery is losing steam as coronavirus infections surge in California, Texas, Florida and other Sun Belt states.”

Around the same time, CBS News ran a story with the headline “U.S. economy stalls as the coronavirus continues to surge.” The story quoted Gregory Daco, chief U.S. economist at Oxford Economics, saying “The foundations to this recovery are cracking under the weight of a mismanaged health crisis.”


Reuters joined in with a story titled: “U.S. weekly jobless claims unexpectedly rise; labor market recovery stalling”

Bloomberg warned that “U.S. Economic Recovery Is Stalling and It May Get Even Worse.”

Yet shortly after all those dire predictions, the Atlanta Fed’s GDPNow estimate for the third quarter steadily rose from just over 10% to more than 30%.

In other words, as the actual economic data started coming in for Q3, they didn’t show an economy stalling, but one doing better than initially expected.

With less than 10 days to go, the current GDPNow estimate for Q3 is an eye-popping 32%.

Yet, we continue to see headlines warning about a stalling economy.

The unemployment figures for September will be out until the first week of October. The government’s official estimate of growth in the third quarter will be out Oct. 29.
issues and insights?





GDP dropped %32.9 in 2nd quarter. Thanks Trump.
Thank Trump but no criticism of China. Typical leftist.
Current mindset of the president:

Only suckers and losers accept responsibility for anything which goes wrong. Winners only take credit for things with go right.
Which is why you on the left spent the first three years of the DumBama administration blaming Trump for everything.

Worldwide pandemic: 200,000 Americans dead because of Trump.

Economic downturn because of virus: See how Trump's economic policies work? Forget the last three years of a booming economy and record setting economic statistics for women and all minority groups.

California still on fire: Trump's environmental policies (we just can't name one).

Democrats destroying Democrat cities, with the blessings of Democrat Mayors and Governors, because a cop in a Democrat city, kneeled on a black guys neck and he died. All of Trump's help was declined: See how Trump's America is tearing down our country?
Huh?? Did we reverse time here? I think you meant the GWB administration...
Bush and Obama were the two worst back to back Presidents in American History. It's so nice to have a real President again.

View attachment 392543
Michelle with Dumb and Dumber.​

... You crow about the "booming economy", but give no credit to his predecessor (who's the one who handed it off to him)...
Obama handed off a plunging economy: but Trump expertly turned it around, very quickly.


... You'll just blame it on China...
It's China's fault. China lied about person to person transmission as 5,000,000 visitors left Wuhan, seeding the pandemic throughout the world.
... it looks like he's going to lose in a landslide...
Yes. You should feel very good about how this election is shaping up for you.

View attachment 392548
270 wins it, looks like Biden's won!​
...GDP grown...
Yup. Obama limped out with 1.7% real GDP growth. Trump's beat that every year. And current GDP is likely the best ever recorded.

The previous record GDP growth was 16.7% in Q1 of 1950, a record that had held for 70 years and 11 Presidents. That record may very well go down, this very quarter.

The midline of the Blue Chip Consensus for the current quarter is a torrid 24%.

Nobody thought it could be done, except Trump!
... Last year GDP growth was 2.3%...
Yup. A 35% improvement over Obama's final year. And the current quarter? Shaping up to be the strongest ever recorded in the history of the Republic.

View attachment 392569
Biden's been in federal office for 20% of the nation's history and he's never seen a quarter like the one the American People are laying down, right now.​
... a trillion dollar deficit...
In our system the House of Representatives controls the nation's purse strings, and you are right, the deficit has really gone to hell since Crazy Nancy took over the Speakership. She embarrasses you guys, you should dump her. Don't you have any capable leaders that aren't in the 80's and who aren't constantly in a tantrum?

...a trillion dollar deficit. Failure...
In our system the House of Representatives controls the purse strings, and you are right, the deficit has EXPLODED since Pelosi became Speaker. She embarrasses you guys, you really should do yourself a favor and dump her. Get someone who is younger, has a fresh vision and isn't always screaming and tearing things up.

Actually the increases were set up when republicans were in full control...
Fake News.

Crazy Nancy's first act was to automatically increase the budget limit.

Democrats will revive the "Gephardt Rule," named for former House Democratic leader Rep. Dick Gephardt, D-Mo., that automatically raises the debt ceiling — the nation's borrowing limit — once the House passes a budget.


Jan 2, 2019

It all changed January 2019 when Pelosi took over as Speaker


He drastically... hurt revenue with his tax cuts.
Fake News.

In Obama's final year Federal Revenue only grew by 0.4%

Over Trump's first 3 years revenue grew by 7.2%, total, over the 3 year period, or an average of 2.4% a year. 2.4% is a big improvement over 0.4%.

Year end numbers are below.

Trump drastically increased spending with military increases and clearly his big tax cut failure hurt revenue.
Fake News. Trump's average annual federal revenue growth is 6 times Obama's final year growth number. Year end numbers below.
1601007162118.png

The trillion dollar deficit...
Yes, the Federal Debt has grown sharply since Pelosi took over the Speakership in Jan 2019.

If you are serious about the Federal Debt, you should dump her.

1601007279969.png
 

busybee01

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An explanation of how strong the Trump economy is............this is why we need Trump to win in November.

Yep. At its height, almost 20% unemployment. Now down to 8.4%. Hippie Stink is correct, that's staggering. Now we're just recovering what was lost during Trump's epic blunder of a response to the virus. Most of it didn't have to happen.
Sorry, that's why Trump needs to go in November...along with as many of his Republican enablers as possible.

Trump was great on the Chinese flu......the one unleashed by the government that paid joe bidens son 1.5 billion dollars in a business deal he made while flying with his dad on Air Force 2..you know, our tax payer funded aircraft........

Trump made sure the governors and mayors had all the resources they needed, from ventilators, to hospitals and bed space......then the democrat governors put the sick into nursing homes and caused the deaths of 10s of thousands of elderly Americans....

You won't blame the democrats for actually killing those people.......but lie about Trump.
Sad to say that statement shows how stupid you are. Voters overwhelmingly agree that Trump's leadership has been incompetent. He refused to take action in April and May. He ignores the advice of doctors and acts like he is a doctor. He surrounds himself with people who tell him exactly what he wants to hear. He has pushed re-openings before it is safe to do so.

You are a crazy idiot that would be locked up in a looney bin if there were involuntary commitments. There are no conspiracies and voters see you people for the bullshit artists you are. There are no lies about Trump. You don't have to make things up. All you have to do is tell the truth about Trump. He is the Democrats' best weapon.
The majority of voters don't pay attention enough to know the truth...that is why cuomo in New York with 32,000 deaths, over 11,000 killed because of his order to put infected patients in nursing homes......is considered a hero, while Desantis in Florida with 5,000 deaths....with a similar population but with even more senior citizens...is getting savaged by liars like you...

I don't make things up, that is what asshats like you do to justify taking power and control.
NY is the state that is farthest along in re-opening. I have learned not to believe anything Trump supporters say. Over 200,000 people have died on Trump's watch. Voters are smarter than you are. Florida has had more cases than NY. Florida is not a hub for international flights.
 

busybee01

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An explanation of how strong the Trump economy is............this is why we need Trump to win in November.

Yep. At its height, almost 20% unemployment. Now down to 8.4%. Hippie Stink is correct, that's staggering. Now we're just recovering what was lost during Trump's epic blunder of a response to the virus. Most of it didn't have to happen.
Sorry, that's why Trump needs to go in November...along with as many of his Republican enablers as possible.
None of it didn't need to happen. It is the flu that shut down our economy. The only thing I blame Trump for is listening to liberal Fauci.
It is not the flu and even Trump knows that as proven by the Woodward tapes. Fauci is not a liberal. You are a nut.
 

busybee01

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An explanation of how strong the Trump economy is............this is why we need Trump to win in November.

Yep. At its height, almost 20% unemployment. Now down to 8.4%. Hippie Stink is correct, that's staggering. Now we're just recovering what was lost during Trump's epic blunder of a response to the virus. Most of it didn't have to happen.
Sorry, that's why Trump needs to go in November...along with as many of his Republican enablers as possible.
LMAO You seem to have forgotten that before Covid UE was the lowest its been in 50 years and we had jobs all across this country. We had an economy that was doing great and Trump was at the helm.

Oh and when Trump tried to stop flights into the US you Dem idiots called him a racist and told everyone not to sweat the virus. It was nothing.

Sorry, but that's why Trump needs to win in Nov and I'd bet the Reps win the House. The first thing Biden will do if elected is to raise taxes. He then want to let all illegals become citizens. I'm wondering how many will vote for that?? No sane American will.
Voters support DACA and they support a path to citizenship by hefty margins. You lose.
 

busybee01

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TRUMP ECONOMY IS HUMMING: Despite the Covid-19 lockdown, the American economy is beating all kinds of expectations.

View attachment 391875
Soundly Beating Expectations.​

83% of companies in the S&P 500 beat expectations for earnings in the second quarter of the year, the first time that’s happened in more than a decade.

That’s been a common refrain over the past several months, as the economic recovery from the COVID-19 shutdowns has repeatedly outperformed what the “experts” expected. Here’s a sampling of headlines:

  • “US economy added 1.8m jobs in July, beating expectations
  • “Jobs Numbers in July Beat Expectations for Third Straight Month”
  • “Corporate Earnings Beat Analysts’ Expectations”
  • “US consumer sentiment hit a 6-month high in September, beating economist forecasts
  • “U.S. new home sales beat expectations in July”
In some cases, the difference between what economists were predicting at the start of the pandemic and what’s actually occurred is stark.

Take the forecasts for unemployment.

In March, economists at the Federal Reserve Bank of St. Louis projected the unemployment rate would top 32%.

That same month, Goldman Sachs said the unemployment rate will peak at around 15% later in the year.

A May survey of economists by FiveThirtyEight.com found that the median forecast for the May unemployment rate was 20%.

What actually happened?

The unemployment rate peaked in April at 14.7%, then dropped to 13.3% in May.

The experts were just as wrong about the speed of the jobs recovery.

In FiveThirtyEight’s May survey, the median forecast was an unemployment rate of 12% in December.

In June, S&P Global said that it expected the unemployment rate would be 8.9% by the end of the year.

That same month, the Federal Reserve forecast an unemployment rate of 9.3% by 2020’s end.

In July, the Congressional Budget Office projected that unemployment would be above 10% in the final three months of the year.

What actually happened?

The unemployment rate fell to 10.2% in June, and then down to 8.4% in August, with four months left to go in the year.

We were also treated to a series of articles in July about how the recovery was supposedly “stalling out.”

CNN reported – in a story headlined “The economy is in deep trouble again” – that “a growing sense that the recovery is losing steam as coronavirus infections surge in California, Texas, Florida and other Sun Belt states.”

Around the same time, CBS News ran a story with the headline “U.S. economy stalls as the coronavirus continues to surge.” The story quoted Gregory Daco, chief U.S. economist at Oxford Economics, saying “The foundations to this recovery are cracking under the weight of a mismanaged health crisis.”


Reuters joined in with a story titled: “U.S. weekly jobless claims unexpectedly rise; labor market recovery stalling”

Bloomberg warned that “U.S. Economic Recovery Is Stalling and It May Get Even Worse.”

Yet shortly after all those dire predictions, the Atlanta Fed’s GDPNow estimate for the third quarter steadily rose from just over 10% to more than 30%.

In other words, as the actual economic data started coming in for Q3, they didn’t show an economy stalling, but one doing better than initially expected.

With less than 10 days to go, the current GDPNow estimate for Q3 is an eye-popping 32%.

Yet, we continue to see headlines warning about a stalling economy.

The unemployment figures for September will be out until the first week of October. The government’s official estimate of growth in the third quarter will be out Oct. 29.
issues and insights?





GDP dropped %32.9 in 2nd quarter. Thanks Trump.
Thank Trump but no criticism of China. Typical leftist.
Current mindset of the president:

Only suckers and losers accept responsibility for anything which goes wrong. Winners only take credit for things with go right.
Which is why you on the left spent the first three years of the DumBama administration blaming Trump for everything.

Worldwide pandemic: 200,000 Americans dead because of Trump.

Economic downturn because of virus: See how Trump's economic policies work? Forget the last three years of a booming economy and record setting economic statistics for women and all minority groups.

California still on fire: Trump's environmental policies (we just can't name one).

Democrats destroying Democrat cities, with the blessings of Democrat Mayors and Governors, because a cop in a Democrat city, kneeled on a black guys neck and he died. All of Trump's help was declined: See how Trump's America is tearing down our country?
Huh?? Did we reverse time here? I think you meant the GWB administration...
Bush and Obama were the two worst back to back Presidents in American History. It's so nice to have a real President again.

View attachment 392543
Michelle with Dumb and Dumber.​

... You crow about the "booming economy", but give no credit to his predecessor (who's the one who handed it off to him)...
Obama handed off a plunging economy: but Trump expertly turned it around, very quickly.


... You'll just blame it on China...
It's China's fault. China lied about person to person transmission as 5,000,000 visitors left Wuhan, seeding the pandemic throughout the world.
... it looks like he's going to lose in a landslide...
Yes. You should feel very good about how this election is shaping up for you.

View attachment 392548
270 wins it, looks like Biden's won!​
...GDP grown...
Yup. Obama limped out with 1.7% real GDP growth. Trump's beat that every year. And current GDP is likely the best ever recorded.

The previous record GDP growth was 16.7% in Q1 of 1950, a record that had held for 70 years and 11 Presidents. That record may very well go down, this very quarter.

The midline of the Blue Chip Consensus for the current quarter is a torrid 24%.

Nobody thought it could be done, except Trump!
... Last year GDP growth was 2.3%...
Yup. A 35% improvement over Obama's final year. And the current quarter? Shaping up to be the strongest ever recorded in the history of the Republic.

View attachment 392569
Biden's been in federal office for 20% of the nation's history and he's never seen a quarter like the one the American People are laying down, right now.​
... a trillion dollar deficit...
In our system the House of Representatives controls the nation's purse strings, and you are right, the deficit has really gone to hell since Crazy Nancy took over the Speakership. She embarrasses you guys, you should dump her. Don't you have any capable leaders that aren't in the 80's and who aren't constantly in a tantrum?

...a trillion dollar deficit. Failure...
In our system the House of Representatives controls the purse strings, and you are right, the deficit has EXPLODED since Pelosi became Speaker. She embarrasses you guys, you really should do yourself a favor and dump her. Get someone who is younger, has a fresh vision and isn't always screaming and tearing things up.

It also has to pass the Senate and be signed by the President. Both are Republicans. Plus never mind the tax cuts for the rich. This is bipartisan.
 

busybee01

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Trump drastically increased spending with military increases and clearly his big tax cut failure hurt revenue. The trillion dollar deficit is proof of his failures. This year will be over $3 trillion.
The Democrats came out with a 4 trillion dollar relief bill that the Republicans cut down. The Democrats refused to sign onto it unless it had all their pork. Given the fact and constitutional outlines all appropriation bills originate in the House, you can hardly blame Trump for all of the spending given who's been in charge of the House the last two years.
The Republican bill had more money for the military. Republicans had pork in theirs. The Democrat bill made more sense than the so-called Republican bill. Even the Fed chair has called for more stimulus. When tax revenues drop as the economy slows, this will cost even more.
 

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