Trump's 4% GDP growth promise update

[Dragonlady]

While Trump's economic promises were highly unrealistic, what he has delivered in the form of tax cuts and extreme high deficits, has the effect of destabilizing the economy and forcing the country into recession. The basic economy is strong, but underpinnings aren't really strong enough in manufacturing and wage growth to sustain the population through another downturn. This is because Trump cut taxes and increased spending during an economic boom, instead of eliminating the deficit before cutting taxes.

Where did you copy and paste that trip[e from? God knows you didn't write it!

Recession? That talking point died out about a month ago.

You are useless as teats on a boar hog.

I'm a former bank manager, you useless dolt, who was being tapped to work in a Head Office capacity for mortgages in Ontario. I worked in business law at the highest levels in Canada. I've spent all of my adult life in fields where a knowledge of business, government and economics were requisite not only to do my work, but to advance my career. I am more than capable of writing on general economic matters without cutting and pasting.

Yes, I most certainly did write my own post - all of them, in fact. The looming recession is far from "a talking point". It's the result of Trump's failure to address the real economic issue facing the country: wage and wealth inequity. That's why American workers voted for him. Because he promised to stick up for them, and he has totally screwed them over. Off-shoring continues unabated. Manufacturing in the USA continues to decline, as more jobs are lost than are being created.

Trump keeps touting a 3% increase in wages over a year ago. Based on the median American income of $61,000 per year, that's $35 per week, or $150 per month. Even as a single retired person living alone, $150 per month would have little impact on my household at all. For working families, this amount of money will barely make a dent on the impact of 30 years with no meaningful increase in pay. Especially when tariffs are adding more than $1000 per year to the cost of basic household goods, not to mention increases in the costs of utilities, gasoline (since the Iran attack on the Saudi's - thank you Trump).

In any case, $150 per month does little to address 40 years of no raises for the low wage workers in America. While executive incomes increased by over 1000%, the minimum wage was increased only 9 times in those 40 years. Not even enough to cover inflation. Recently released statistics showed that the wealth gap has increased under Trump, which would not be happening if working Americans were seeing any beneftis from the "best economy in history".

And again, I am not cutting or pasting. But I am awaiting something from you to support the idea that what I'm telling you is bullshit. So far I see a Trump monkey throwing shit at those with any knowledge of business or economics.

 

[Third Party]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

 

[Dragonlady]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

 

[Third Party]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

 

[Admiral Rockwell Tory]

While Trump's economic promises were highly unrealistic, what he has delivered in the form of tax cuts and extreme high deficits, has the effect of destabilizing the economy and forcing the country into recession. The basic economy is strong, but underpinnings aren't really strong enough in manufacturing and wage growth to sustain the population through another downturn. This is because Trump cut taxes and increased spending during an economic boom, instead of eliminating the deficit before cutting taxes.

Where did you copy and paste that trip[e from? God knows you didn't write it!

Recession? That talking point died out about a month ago.

You are useless as teats on a boar hog.

I'm a former bank manager, you useless dolt, who was being tapped to work in a Head Office capacity for mortgages in Ontario. I worked in business law at the highest levels in Canada. I've spent all of my adult life in fields where a knowledge of business, government and economics were requisite not only to do my work, but to advance my career. I am more than capable of writing on general economic matters without cutting and pasting.

Yes, I most certainly did write my own post - all of them, in fact. The looming recession is far from "a talking point". It's the result of Trump's failure to address the real economic issue facing the country: wage and wealth inequity. That's why American workers voted for him. Because he promised to stick up for them, and he has totally screwed them over. Off-shoring continues unabated. Manufacturing in the USA continues to decline, as more jobs are lost than are being created.

Trump keeps touting a 3% increase in wages over a year ago. Based on the median American income of $61,000 per year, that's $35 per week, or $150 per month. Even as a single retired person living alone, $150 per month would have little impact on my household at all. For working families, this amount of money will barely make a dent on the impact of 30 years with no meaningful increase in pay. Especially when tariffs are adding more than $1000 per year to the cost of basic household goods, not to mention increases in the costs of utilities, gasoline (since the Iran attack on the Saudi's - thank you Trump).

In any case, $150 per month does little to address 40 years of no raises for the low wage workers in America. While executive incomes increased by over 1000%, the minimum wage was increased only 9 times in those 40 years. Not even enough to cover inflation. Recently released statistics showed that the wealth gap has increased under Trump, which would not be happening if working Americans were seeing any beneftis from the "best economy in history".

And again, I am not cutting or pasting. But I am awaiting something from you to support the idea that what I'm telling you is bullshit. So far I see a Trump monkey throwing shit at those with any knowledge of business or economics.

If all thatis true, why are you so stupid to post the ignorant bullshit you do?

 

[Toddsterpatriot]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

Obama's recovering was labelled ther "weakest recovery since WWII",

Only because it was.

Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved.

Trump's GDP growth is better than Obama's.

Stock market growth is much slower,

I don't believe you.

 

[Dragonlady]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

Can you tell me in what ways you're doing better - specifically. My personal circumstances have improved immensely under our currently Liberal government. I was receiving more than $2500 per year under the Liberals than the Conservatives because of changes in the tax code and the manner in which government pensions are calculated. I have examined the changes the Conservatives are proposing to our taxes, and I'll lose money under their proposals.

 

[imawhosure]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

We should ALL reply to this one, lol. So, our President has us the best economy among all the industrialized nations, and yet you complain. You are kidding, aren't you! You are pathetic, honestly.

If BIG EARS hadn't screwed the pooch, the world might be growing. But of course, his kiss A** economic policy, put everyone behind the 8 ball.

You go ahead and keep talking nonsense. Hope you actually think you are going to hold the House, lol. The only thing between you people and obscurity, is 13 months. You are our best asset! Incompetent, irrelevant, and immaterial-)

You DO realize, that you are soooooooooo screwed, that the only debate amongst the American people is if we should use a phillips head, or a slotted screwdriver, to drive you into the ground-)

 

[Harpy Eagle]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

were you better off in 2016 than you were in 2012?

 

[Deplorable Yankee]

Oh noes the great exagerrater was off on the economy
Whatever will everybody do ?....nothing they're all to busy WORKING

 

[Admiral Rockwell Tory]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

Can you tell me in what ways you're doing better - specifically. My personal circumstances have improved immensely under our currently Liberal government. I was receiving more than $2500 per year under the Liberals than the Conservatives because of changes in the tax code and the manner in which government pensions are calculated. I have examined the changes the Conservatives are proposing to our taxes, and I'll lose money under their proposals.

You are a ******* Canadian! That has nothing to do with our economy! What a dumbass!

 

[Dragonlady]

While Trump's economic promises were highly unrealistic, what he has delivered in the form of tax cuts and extreme high deficits, has the effect of destabilizing the economy and forcing the country into recession. The basic economy is strong, but underpinnings aren't really strong enough in manufacturing and wage growth to sustain the population through another downturn. This is because Trump cut taxes and increased spending during an economic boom, instead of eliminating the deficit before cutting taxes.

Where did you copy and paste that trip[e from? God knows you didn't write it!

Recession? That talking point died out about a month ago.

You are useless as teats on a boar hog.

I'm a former bank manager, you useless dolt, who was being tapped to work in a Head Office capacity for mortgages in Ontario. I worked in business law at the highest levels in Canada. I've spent all of my adult life in fields where a knowledge of business, government and economics were requisite not only to do my work, but to advance my career. I am more than capable of writing on general economic matters without cutting and pasting.

Yes, I most certainly did write my own post - all of them, in fact. The looming recession is far from "a talking point". It's the result of Trump's failure to address the real economic issue facing the country: wage and wealth inequity. That's why American workers voted for him. Because he promised to stick up for them, and he has totally screwed them over. Off-shoring continues unabated. Manufacturing in the USA continues to decline, as more jobs are lost than are being created.

Trump keeps touting a 3% increase in wages over a year ago. Based on the median American income of $61,000 per year, that's $35 per week, or $150 per month. Even as a single retired person living alone, $150 per month would have little impact on my household at all. For working families, this amount of money will barely make a dent on the impact of 30 years with no meaningful increase in pay. Especially when tariffs are adding more than $1000 per year to the cost of basic household goods, not to mention increases in the costs of utilities, gasoline (since the Iran attack on the Saudi's - thank you Trump).

In any case, $150 per month does little to address 40 years of no raises for the low wage workers in America. While executive incomes increased by over 1000%, the minimum wage was increased only 9 times in those 40 years. Not even enough to cover inflation. Recently released statistics showed that the wealth gap has increased under Trump, which would not be happening if working Americans were seeing any beneftis from the "best economy in history".

And again, I am not cutting or pasting. But I am awaiting something from you to support the idea that what I'm telling you is bullshit. So far I see a Trump monkey throwing shit at those with any knowledge of business or economics.

If all thatis true, why are you so stupid to post the ignorant bullshit you do?

Again, you throw out the word "bullshit" without defining precisely what is bullshit and why you perceive it as such. In fact, while calling everything that I've posted "bullshit", you haven't posted any evidence that you have a clue in economics whatsoever. All you've done is convince me that you don't know your ass from a hole in the ground.

 

[Admiral Rockwell Tory]

While Trump's economic promises were highly unrealistic, what he has delivered in the form of tax cuts and extreme high deficits, has the effect of destabilizing the economy and forcing the country into recession. The basic economy is strong, but underpinnings aren't really strong enough in manufacturing and wage growth to sustain the population through another downturn. This is because Trump cut taxes and increased spending during an economic boom, instead of eliminating the deficit before cutting taxes.

Where did you copy and paste that trip[e from? God knows you didn't write it!

Recession? That talking point died out about a month ago.

You are useless as teats on a boar hog.

I'm a former bank manager, you useless dolt, who was being tapped to work in a Head Office capacity for mortgages in Ontario. I worked in business law at the highest levels in Canada. I've spent all of my adult life in fields where a knowledge of business, government and economics were requisite not only to do my work, but to advance my career. I am more than capable of writing on general economic matters without cutting and pasting.

Yes, I most certainly did write my own post - all of them, in fact. The looming recession is far from "a talking point". It's the result of Trump's failure to address the real economic issue facing the country: wage and wealth inequity. That's why American workers voted for him. Because he promised to stick up for them, and he has totally screwed them over. Off-shoring continues unabated. Manufacturing in the USA continues to decline, as more jobs are lost than are being created.

Trump keeps touting a 3% increase in wages over a year ago. Based on the median American income of $61,000 per year, that's $35 per week, or $150 per month. Even as a single retired person living alone, $150 per month would have little impact on my household at all. For working families, this amount of money will barely make a dent on the impact of 30 years with no meaningful increase in pay. Especially when tariffs are adding more than $1000 per year to the cost of basic household goods, not to mention increases in the costs of utilities, gasoline (since the Iran attack on the Saudi's - thank you Trump).

In any case, $150 per month does little to address 40 years of no raises for the low wage workers in America. While executive incomes increased by over 1000%, the minimum wage was increased only 9 times in those 40 years. Not even enough to cover inflation. Recently released statistics showed that the wealth gap has increased under Trump, which would not be happening if working Americans were seeing any beneftis from the "best economy in history".

And again, I am not cutting or pasting. But I am awaiting something from you to support the idea that what I'm telling you is bullshit. So far I see a Trump monkey throwing shit at those with any knowledge of business or economics.

If all thatis true, why are you so stupid to post the ignorant bullshit you do?

Again, you throw out the word "bullshit" without defining precisely what is bullshit and why you perceive it as such. In fact, while calling everything that I've posted "bullshit", you haven't posted any evidence that you have a clue in economics whatsoever. All you've done is convince me that you don't know your ass from a hole in the ground.

You are a Canadian! Mind you own business!

I taught economics. You are ******* clueless and should have been fired for being stupid.

 

[Third Party]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

Can you tell me in what ways you're doing better - specifically. My personal circumstances have improved immensely under our currently Liberal government. I was receiving more than $2500 per year under the Liberals than the Conservatives because of changes in the tax code and the manner in which government pensions are calculated. I have examined the changes the Conservatives are proposing to our taxes, and I'll lose money under their proposals.

I got a 3% tax break from Trump-didn't you? The only things liberals give is my tax money to those don't work-the lazy and the illegals.

 

[Third Party]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

GDP growth for the first quarter could slip below 1-1/2% if shutdown endures through the end of the week.

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

were you better off in 2016 than you were in 2012?

Yes, by a bit. 2017 on, better by a lot.

 

[Harpy Eagle]

Donald Trump promised 4.0% GDP growth a year.

Updated - Trump-O-Meter: Grow the economy by 4 percent a year

In 2018, he fell short with 3.2% growth.

It's still early in 2019, so all we have is estimates of first quarter growth. In order for the economy to stay on track to 4% growth, Q1 must be at least /approximately 4%.


So far things don't look good at all. Economist Diane Swonk said yesterday that Q1 growth could be 1.5%:

Diane Swonk on Twitter

It looks like Trump wildly exaggerated the results he could achieve.

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

were you better off in 2016 than you were in 2012?

Yes, by a bit. 2017 on, better by a lot.

Due to Trump or due to your own self?

 

[edward37]

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

were you better off in 2016 than you were in 2012?

Yes, by a bit. 2017 on, better by a lot.

Due to Trump or due to your own self?

I did better too from 2017 on and the pos trump had nothing to do with it Matter of fact could have done even better without the AH's tariffs

 

[Third Party]

Yes, but still better than most.

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

were you better off in 2016 than you were in 2012?

Yes, by a bit. 2017 on, better by a lot.

Due to Trump or due to your own self?

TRUMP! Before that I struggled myself, but did not get as much or as far.

 

[Third Party]

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

were you better off in 2016 than you were in 2012?

Yes, by a bit. 2017 on, better by a lot.

Due to Trump or due to your own self?

I did better too from 2017 on and the pos trump had nothing to do with it Matter of fact could have done even better without the AH's tariffs

Tariffs hurt nobody-unless you can say a Chinese doll cost you more than last year.

 

[Harpy Eagle]

That's not true. Obama's recovering was labelled ther "weakest recovery since WWII", and Trump has yet to achieve the levels of growth, in any major economic indicator, that Obama achieved. Stock market growth is much slower, because of the White House chaos and uncertainty. What growth has been achieved can largely be attributed to the massive numbers of stock buy-backs in the wake of the tax cuts. Buy backs increase the value of the remaining stocks by reducing the number of outstanding shares. If a company is worth $1 million and has 100,000 issued and outstanding shares, each share is worth $10. If the company buys back half it's shares, and is still worth $1 million, there are only 500,000, then each share is now worth $20, without the investors having done anything.

Job growth is also slower because of uncertainty in supply lines, due to tariffs. If the President wakes up in a bad mood and slaps a tariff on your supplier country, your business is in trouble. Supply lines need certainty and security to ensure stable prices and future deliveries , not a trade war.

The economy needs a long range plan and a steady hand, not a ego maniac with no impulse control.

I read your post but everybody I know and myself are doing better-we'll see for sure in 2020-if better Trump wins, if not- Warren.

were you better off in 2016 than you were in 2012?

Yes, by a bit. 2017 on, better by a lot.

Due to Trump or due to your own self?

TRUMP! Before that I struggled myself, but did not get as much or as far.

Sorry to hear that. Has to totally suck to have to rely on whomever is sitting in the White House to improve your life