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Harpy Eagle
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I agree, the economy is doing well. It has been doing well for about 8 years now. We just need the politicians, including the POTUS, to stay the hell out of its way
The U.S. economy grew 2.9% in 2018
- Thread starter McRocket
- Start date
I agree, the economy is doing well. It has been doing well for about 8 years now. We just need the politicians, including the POTUS, to stay the hell out of its way
Leftists cry about universal healthcare for instance but for that to work in the US we first and foremost have to eliminate lobbyists. Learn to crawl and walk before you run. But lobbyists pay both Dems and GOP big $$$ so neither party does anything about it. Our politicians are just in it for themselves.
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Harpy Eagle
Guest
No way to get rid of lobbyist and keep the 1st amendment.
Your last sentence could not be more true.
Eh...you can control how much $$$ they can give I am sure. They are banned in Europe. Oh and I dont mean just talking to your politicians I mean those Who wrote huge checks aka bribes
BrokeLoser
Diamond Member
I like to use Tim Couch / Todd Marinovich when throwing around NFL qb analogies.
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Harpy Eagle
Guest
Same thing works, except Tim Couch had a 5 year career where he was at least worthy to start most of the games...same cannot be said for the other 3.
Trump has not made it to Tim Couch status yet
McRocket
Gold Member
- Apr 4, 2018
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- #67
From the DOW low on March 9, 2009 (after the 'Great Recession' that Obama inherited) of 6547. It was 19780 when he officially left office. That is a rise of over 200% in 8 years.
The DOW has risen from 19780 (when Trump took office) until today's (just under) 26,000. That is a rise of 31%. Double that (for Trump's remaining two years) and Trump has done not remotely as well as Obama did (taken from the end of the Great Recession).
Plus, Trump is the first POTUS since GWB to have a negative DOW for the year - last year.
DOW growth under Trump has noticeably slowed compared to Obama's run (after the Great Recession).
What was the Dow low in 2009
Stocks slide as Trump takes office
Here is the U-3 (unemployment rate for the last ten years:
Bureau of Labor Statistics Data
Please show me where the rate suddenly dropped like a stone under Trump compared to under Obama?
Did you really just use the DOW as Barry's crowning achievement? The stock market increased dramatically because people with wealth were able to borrow money at near zero interest rates which they then sunk into the markets. That soaring Dow didn't make the average American wealthy but it sure as hell increased the wealth of the already wealthy! What's amazing is that you progressives ran the economy that way for eight years and then whined about "income inequality"!
Talk to Whitehall.
I only mentioned them (DOW and U-3) in response to his mentioning them.
I thought Obama was a failure as a POTUS.
Of course, I think everyone in at least the past 50 years was a failure as POTUS.
That’s interesting because that’s about exactly the amount I saved because of trumps tax plan. I’m assuming all of us paid about 3% less in taxes last year. So it makes sense the economy would grow that much.
I don’t know if the two are related I’m just speculating.
I save about $35 a week.
Actually Trump's growth is quite a bit better.
Trump now has 8 full quarters and has averaged 2.91% annualized GDP growth.
Over Obama's last 8 full quarters he only averaged 1.94% growth
Trump's rate of increase half again better than Obama's.
GREAT AGAIN: US economy grows by 3.2% in the first quarter, topping expectations.
And WTF did that no nothing ah have to do with it ?
Actually, over Trump's first full 8 quarters he has averaged 2.91% GDP growth, 50% better than Obama's final 8 quarters that averaged 1.94% or what they called then, the "New Normal".
Even more striking has been how much more accurate Trump's GDP forecasts have been than the FOMC and the CBO
And while Trump's forecasts get more accurate, the FOMC and CBO are getting worse as time goes along. They are always low, except CBO in 2017. They then missed by a 1/3rd in 2018 and missed by half in the 1st quarter.
2019 Starts off with a Bang in the First Quarter with Strong Economic Performance
We Trump supporters don't really care who gets the credit, we are just thrilled for the American Worker that Trump's GDP growth rate is 50% better than Obama's "new normal" that really sucked for the American Worker.
boedicca
Uppity Water Nymph from the Land of Funk
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The average GDP growth rate during Obabble's Reign of Malignant Incompetence averaged 1.48%.
Barack Obama Is Now The Only President In History To Never Have A Year Of 3% GDP Growth
Barack Obama Is Now The Only President In History To Never Have A Year Of 3% GDP Growth
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I don't agree that ~1% GDP more than the previous administration is worth what Trump is throwing at the national debt = an extra ~$1 TRILLION per year.
When the economy is supposedly so great as Trump states, that is when the US should be paying down debt YET we are burning money like there is NO tomorrow.
When the economy does go south, and it will, then how in Hell are we gonna pay down debt?
Trump & his posse are Hell bent on placing RECORD DEBT on this nation for a measly short term gain of ~1% more GDP.
Our so called leadership are asinine morons, at best, and Trump's base are eating this shit up like hogs licking up slop ...........
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But he and republicans are ""very fine people""
The growth of the Debt isn't a $trillion more a year under Trump.
Trump has been President for 826 days and over that period the Federal Debt has increased by $2,080,589,824,023.60
Over Obama/Biden's final 826 days the debt increased by $2,043,934,260,313.60
Obama/Biden had 2% less in nominal dollars, but about 3% more in inflation adjusted dollars.
Debt to the Penny (Daily History Search Application)
Debt growth under Trump is flat to Obama's debt growth. Can you direct me to your posts where you described this debt growth as "burning money like there is NO tomorrow" while Obama was president?
And in terms of GDP, Trump IS reducing the debt. When Obama Left at the end of 2016 the Federal Debt had spiked to 109.02%. By the end of 2017 Trump had bought this down to 105.37% and by the end of 2018, all the way down to 103.88%.
And that's how you do it. Under Trump, we are finally, consistently, growing GDP faster than debt.
Trump, Keep Up The Good Work!
Despite a government shutdown, the economy just spiked from 2.2% to 3.2% and you are making a recession call?
The national debt to GDP is at it's lowest in 7 years.
At 2% GDP the economy doubles every 35 years.
At 3% GDP the economy doubles 23.33 years. The difference is enormous.
If you have $100,000 growing at 2% a year at the end of 70 years you have $400,000
If you have $100,000 growing at 3% a year at the end of 70 years you have $800,000
The difference is significant and in terms of our Trust Funds, enormous.
Actually, Trump continues to do one hell of a job. And his work on our Trade Deficit is also paying off.
US Posts Smallest Trade Deficit in 8 Months
The US trade deficit narrowed to USD 49.4 billion in February 2019, the smallest since June 2018, from USD 51.1 billion in the previous month and compared to market expectations of USD 53.5 billion. Exports surged 1.1 percent while imports rose at a softer 0.2 percent amid ongoing trade negotiations with China.
And January as well:
US Trade Gap Narrows More Than Expected
The trade deficit in the United States narrowed to USD 51.1 billion in January of 2019 from an upwardly revised USD 59.9 billion in the previous month, which was the largest since October 2008. It compares with market expectations of a USD 57 billion shortfall. Exports rebounded, mainly due to soybeans and motor vehicles and parts and imports were the lowest since June 2018.
United States Balance of Trade | 2019 | Data | Chart | Calendar | Forecast
Trump is doing what he's doing while absorbing a record number of interest rate increases from the Fed, Caddo! I know you liberals don't grasp economics but what's been going on since Trump took office is remarkable. It would be akin to a pole vaulter setting new heights even though he's wearing weights that his competition isn't!
How are we going to pay down debt? What I'd like to see Trump do is start attacking the bloated Federal bureaucracy. Most Presidents don't have the stones to tackle that. He just may...we'll see.
Good thing Cain won't be there , and didn't the fed say no more rate raises this year and could have sworn trump already attacked the fed but then again he attacks everyone
I don't like cooked carrots, but if one ends up in my soup, I eat around it instead of jazzing up the Lachanophobic twitter brigade and organizing days of pointless protests.
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