According to the fed, CNBC, Kiplinger, the revised numbers were 2.9%. According to the federal open market committee, the forecast is 2.3% in 2019, 2% in 2020, 1.8% in 2021 based upon current economic growth. This discounts the effects of future trade war tariffs or a recession, given the slowing of the world economy. It doesn’t look like Trump will see any numbers close to a 4% growth rate except the one quarter in 2018 that was artificially created by a rush of purchases before the current tariffs took place.
GDP in 1997 = 4.4%
GDP in 1998 = 4.5%
GDP in 1999 = 4.8%
GDP in 2000 = 4.1%
It would seem that some posters here must have not been born yet based on some of the 'comical' posts
Not partisan anything. It s called common sense.
The worse the recession, the more difficult the recovery
Why can't you get that??? Was it way over your head?
I am responding on a message board, not writing a thesis. **** you If you do't like my typos.
Actually the opposite. Reagan's historic recovery wasn't because he was brilliant, it was because he wasn't stupid, and he wanted a robust recovery.
After Bush bailed out the banks, the blood stopped flowing.
All Obama had to do for a robust recovery was to stay out of the way. Instead he regulated manufacturing jobs until they left and enriched his donors by attacking the energy sector.
Obama enriched big-insurance and big-pharm with Obamacare at the expense of the public, again downsizing the recovery.
You know what fellas, lets see if the Leftists can follow the bouncing ball, lol------------>
QUESTION FOR LEFTISTS----------------> IF 10% MORE of world production of EVERYTHING was switched back in to United States, would the US economy grow larger, or shrink? I know, a very hard question, but I have even Leftists can come up with the correct answer!
Soooooooooooo, what would cause this; or any percentage of this to happen? Would it be-------->
A. cheaper price
B. better product
C. Both!
Now then, if all the inputs into the product cost basically the same price to virtually every country, and the labor costs are higher here, how can we compete?
ANSWER---------->PRODUCTIVITY! Our labor can be HIGHER, IF we produce more with the same amount of labor!
QUESTION TO LEFTIES---------------> If that is TRUE, then why did we lose much of our manufacturing base?
ANSWER---------------> Because LABOR is NOT the only external factor in final cost, there are many. Two of which are----------->the cost of REGULATION to produce the product, and the AMOUNT of TAX paid on the profit from that product! The LESS PROFIT you have coming into your corporation because you are attempting to compete with someone who does NOT have massive regulation or high taxes, the LESS you can reinvest in new technologies to INCREASE productivity! Add to that, some of your competitors are STEALING your technology from you and getting it for free, does not bode well for your long term survivability as a viable business.
SOLUTION---------->
1. Increase the amount of goods you produce for world consumption by increasing productivity.
2. But won't that cost jobs? Not like you think, because while it takes LESS people to produce the same amount of goods, because of your productivity, your price point is DOWN, which means you have INCREASED the amount of goods you are producing for world consumption, doing to other countries what they have done to you.
3. Lower costly, cumbersome, regulation to DECREASE what it costs to produce the goods to make you far more competitive in the world market.
4. Lower taxes so as they compete, corporations have MORE money to invest in new technologies to make them more productive so as you can corner MORE of the market for your goods, thus INCREASING GDP and jobs, albeit different kinds of jobs.
Who is trying to do that? Does that sound like AOC to you? In fact, does that sound like ANYTHING the Left is proposing?