Economy BOOOOM! *** 4.1% GDP!!! *** US Economy Explodes

[Factory]

Great news for the American people and Trump administration. Consumer spending up to 4%, while nonresidential business investment jumped 7.3%. Very strong numbers. Can we associate Trump's tax cuts with new GDP boom? I think so. Both companies and consumers have been spending again as unemployment plunged to an 18 year low and the housing market boomed.

http://www.foxnews.com/politics/201...t-growth-as-trump-touts-terrific-numbers.html

The running 4 quarter average is 3.1%, considered by economists to be a very strong number. After NK progress and EU deal even more real news! Trump shuts his vehement critics up.

USA is back!

Spoiler

 

[Seano]

For all of Trumps faults, he's a pretty good president for the US economy.

Everything is riding on Russia for the the left unless there's a massive crash. They know it too.

 

[Factory]

GDP under Obama (by year)

'09: -0.24%
'10: 2.73%
'11: 1.68%
'12: 1.28%
'13: 2.66%
'14: 2.70%
'15: 2.02%
'16: 1.84%

 

[SleepyBoy]

This awesome. More to come hopefully.

I can't wait for people to shit on great news.

 

[Throwin Bombs]

Unbelievable number especially when the Fed said 3% wasn't possible. Great news for the American people! The President's business acumen on display. This is a difference all people are behind.

I wonder how all the communist on this site will spin this or they will just ignore the thread completely.

 

[BudKing8806]

This awesome. More to come hopefully.

I can't wait for people to shit on great news.

I doubt you will have to wait very long.

 

[andnowweknow]

The wild west certainly can boom at times.

 

[bobgeese]

Magic wand confirmed.

 

[method115]

Guys just invest in gold. This is a bubble that's going to pop.

- Peter Schiff

 

[HereticBD]

Bu-bu-but, Stormy Daniels!

 

[ShadowRun]

Whatever this is because Obama and Russia hacked the GDP!!!

 

[Scheme]

Now cut spending and we'll be good.

Until spending is significantly cut Trump's economic policy is simply not good, all in on the short term with no concern for the future.

 

[Deleted member 457759]

Canadas finance minister just admitted that Trumps tax plan destroyed Canadas competetiveness, particularly the tax write offs for new equipment.

It's as Keven Oleary predicted, why would you do business in Canada if you can do it in America with a bigger profit.

Not everything has to be super duper complex.

 

[GetTheseHands]

The left being proven wrong again, this is why they focus 24/7 on Russia and Stormy

 

[cottagecheesefan]

Guys just invest in gold. This is a bubble that's going to pop.

- Peter Schiff

lmao funny.

But I do wish it were 2008 again

 

[VivaRevolution]

Great news for the American people and Trump administration. Consumer spending up to 4%, while nonresidential business investment jumped 7.3%. Very strong numbers. Can we associate Trump's tax cuts with new GDP boom? I think so. Both companies and consumers have been spending again as unemployment plunged to an 18 year low and the housing market boomed.

http://www.foxnews.com/politics/201...t-growth-as-trump-touts-terrific-numbers.html

After NK progress and EU deal even more real news!
Trump shuts his vehement critics up.

USA is back!

Spoiler

Hey, that's good news.

What may end up being more important to the average Americans standard of living is a recent story I saw saying China has stopped buying real estate, and is starting to sell real estate in the US as a result of the trade war. We sure could use some downward pressure on housing prices.

 

[kpt018]

GDP under Obama

'09: -0.24%
'10: 2.73%
'11: 1.68%
'12: 1.28%
'13: 2.66%
'14: 2.70%
'15: 2.02%
'16: 1.84%

This is really deceiving compared to your premise in the OP because you're comparing one, albeit nice quarter of growth to full year results under Obama. If you want to cherry pick like this Q3-14 (under Obama obviously) GDP grew nearly 5%. What do you think the full year 2018 will be? It's not going to end up near 4%!

It would also be helpful if you can add why you think Trump's policies contributed to the the growth.

 

[Factory]

CNBC - Trump on new GDP numbers: "We're going to go a lot higher' than 4.1%!"
https://www.cnbc.com/2018/07/27/tru...ot-higher-than-4point1percent-gdp-number.html

 

[RerouteToRemain]

 

[cottagecheesefan]

Hey, that's good news.

What may end up being more important to the average Americans standard of living is a recent story I saw saying China has stopped buying real estate, and is starting to sell real estate in the US as a result of the trade war. We sure could use some downward pressure on housing prices.

You would not think it, but a LOT of Chinese have been buying really nice condos in the Miami area. Surprising, because of the location. However, university of Miami is one of the most popular colleges for Chinese kids wanting to study in America. So their parents buy them a condo or two when they come over.