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

[Torrid]

For the life of me I can´t understand how people living in the same country can be mad at good economy numbers, despite liking or not who is in the office, you have to be really damaged to think this way.

You can't understand why looking at isolated numbers instead of long trends causes skepticism? Or why people are more concerned about long term policy instead or short success?

Yeah. It's a fucking mystery.

 

[whougonnacall]

ok so in short. Who gives a fuck...thanks all i needed to know since the trump cock sucking patrol is going crazy in here

They were crazy long before that man and theyl be worse when his single term ends

 

[Lord Commander Palis]

Corporate tax rate the lowest it has ever been in my lifetime.

My company has gone from the bottom of the top 500 to the middle of the top 200 within the past two years and I still only received a standard 3% corporate raise.

Thanks Trump!

Scanner boys like yourself genuinely won't earn much money... sorry

I wish we could give Trump 4 more terms. But I guess 2 will do.

 

[wlu.29]

Bu-bu-but, Stormy Daniels!

But I'm sure you gave Trudeau credit too

https://www.google.ca/amp/s/globalnews.ca/news/4058301/canada-q4-2017-gdp-growth/amp/

 

[Jack V Savage]

I don' remember the celebratory thread when Obama was over 5% in Q3 2014 or the quarters where Obama was over 4.5% A great quarter is indeed good news. Let's hope it keeps up.

Yeah, the partisan nuttery here is not symmetrical.

 

[Jack V Savage]

For the life of me I can´t understand how people living in the same country can be mad at good economy numbers, despite liking or not who is in the office, you have to be really damaged to think this way.

For the life of *me*, I can't understand how anyone would interpret any comments here or anywhere else as people "being mad at good economy numbers." I think you want people to be mad at "good economy numbers," and even though you don't see it, you're just asserting that they are anyway.

 

[Jack V Savage]

Do any of the partisans ITT want a sig bet on whether Q3 numbers will be higher or lower than Q2? @waiguoren, @Seano, @SBJJ.

 

[ScottE]

For the life of me I can´t understand how people living in the same country can be mad at good economy numbers, despite liking or not who is in the office, you have to be really damaged to think this way.

I'll explain exactly why some people are not throwing a parade over these numbers.

1. They aren't that good. Despite what Trump is trying to sell them as they aren't historic. Growth at this rate has occured many times before. Nor is it a trong indicator of continued growth.

2. They are nowhere near where they need to be to validate the efforts under taken to get them there. The tax cuts were passed under the idea that they'd push growth up past 5% GDP for the year. If the GDP doesn't get there we aren't making any progress with this investment.

3. We are seeing other economic issues that are indicating worse economic outcomes for individual Americans despite growth in the economy. Increased GDP growth typically means increased inflation. Wage growth isn't keeping pace with these two things which means we are seeing an erosion of the purchasing ability of the average American household.

 

[Prefect]

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%

Trump is running up deficits larger than anything during Obama's administration. This is an artifically accelerated economy.

 

[SBJJ]

Do any of the partisans ITT want a sig bet on whether Q3 numbers will be higher or lower than Q2? @waiguoren, @Seano, @SBJJ.

Why take that bet when we know they will be lower.

Would you like to make a full year bet?

How bout we bet 18 beats any Obama year.

 

[Jack V Savage]

Why take that bet when we know they will be lower.

Would you like to make a full year bet?

If we know that they'll be lower, what's the argument about?

I'll make a full-year bet if you predict something crazy. What are you thinking?

 

[DespicablePeep]

For the life of *me*, I can't understand how anyone would interpret any comments here or anywhere else as people "being mad at good economy numbers." I think you want people to be mad at "good economy numbers," and even though you don't see it, you're just asserting that they are anyway.

If my post hit a nerve than I must be correct.

 

[Jack V Savage]

If my post hit a nerve than I must be correct.

What if you just said something that made no sense?

I get that I'm wasting my time with someone whose AV and username openly advertises that he's trolling...

 

[Trotsky]

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%.

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

 

[SBJJ]

Next quarter will actually be the tell all. If it can sustain 3.0% or better that will tell us much more than 1 exceptionally good quarter. Obama had some great quarters himself

Do any of the partisans ITT want a sig bet on whether Q3 numbers will be higher or lower than Q2? @waiguoren, @Seano, @SBJJ.

Lol. Who’s a partisan?

 

[SBJJ]

If we know that they'll be lower, what's the argument about?

I'll make a full-year bet if you predict something crazy. What are you thinking?

Read my post again. I layed it out

 

[HIMBOB]

3.1 is the real number and it is a good number.

Exactly the same rates as Australia.
1% for the quarter and 3.1 year on year.

I'm just happy we didn't need huge tax cuts to do it,

 

[Jack V Savage]

Lol. Who’s a partisan?

The guys in this thread who are pretending that presidents influence GDP growth.

Read my post again. I layed it out

So you're saying you're willing to bet on real GDP growth being higher than 2.9% on a YOY basis this year?

 

[HIMBOB]

The communists will not give Trump creidet for this, just liek you will not blame him if the economy crashes. Its politics bro.

Australia getting the same numbers barely made the news.
I know it because I read the financial news.

 

[SBJJ]

If he sustains for another three quarters, you will move the goal posts to 4 year term.

When he gets reeletced you will move goalposts to 8 year term.

After 8 years you move goalposts to 'yeah but how well will those numbers hold up 8 years after his term ends? Look how great Obama's economy held up after 16 years!!!1!'

Yawn.

Don’t tell Jack You Think I’m a liberal. His head will explode