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

[Jack V Savage]

Come up with them. Though make sure you read past the headline because I'm sure their timeline isn't immediate.

Because that's the fucking problem we are trading a probable short term marginal benefit for mid-long term consequences

I wouldn't even say there would be a short-term marginal benefit. The problem is that in most circumstances, the Fed has the ultimate say in the economy. Fed models have us pretty much at capacity, so if they expect strong growth, they'll likely hit the brakes. Normally, if they see that we're struggling, they can step on the gas (after the GFC, though, the pedal was to the metal on monetary policy, and we were still fucked, which is why it was a very rare case that fiscal policy could help).

 

[Farmer Br0wn]

Glad you admit you were wrong. Policy can and does have an affect

 

[JonesBones]

They need it to be 5% for the year or they've come in under the "projections" they used to justify the tax cuts.

But no low 4% for one Q when you need 5% over the year is the cause for celebration!

Ya, it was one of the first things I googled this morning when I woke up and was not impressed. In a vacuum, it is good, but expectations were higher. Market is down pretty big too.

 

[Jack V Savage]

There was, but I don't understand the "legitimizing a dictator" argument. That one was the worst to me. It's pure hate mixed with a dash of salt. If Obama, or Bush, or Bill, or any President can get a dictator to denuke or stand down I'm all for it. I would never start saying how he should have never publicly met with him in the first place or why meeting in public and things along those lines are criticisms. Those things to me are positives, not negatives.

Obama had the same idea, initially, and received universal criticism for it, and decided not to do it. The thinking was that we'll give him a meeting if he makes some concessions. But since Trump destablized the situation, we needed to cash that chip in just to get back to normal. But that's a net loss since it's no longer something to dangle in exchange for something good.

 

[ObamaPhoneLady]

What's worse, celebrating a success without critical thinking, or taking a few minutes to analyze the information before commenting?
You're right, it is good insight into the minds of left-leaning posters here.

Except that's not what happened. One guy made a point and then the rest of you chucklefucks just went 'yeah, that sounds smart' and parroted it.

That's why you see so many lefties in so many of these types of threads just regurgitating the same talking points. It's just a herd mentality driven by facebook 'like' culture.

 

[ScottE]

I wouldn't even say there would be a short-term marginal benefit. The problem is that in most circumstances, the Fed has the ultimate say in the economy. Fed models have us pretty much at capacity, so if they expect strong growth, they'll likely hit the brakes. Normally, if they see that we're struggling, they can step on the gas (after the GFC, though, the pedal was to the metal on monetary policy, and we were still fucked, which is why it was a very rare case that fiscal policy could help).

I'm just trying to keep it in arena where they might actually understand what I'm trying to say.

Its growth that likely would be occuring regardless of the tax cuts, but if they want to hang their hat on it being because of the tax cuts they still have to confront the fact that the tax cuts demand a much more substantial increase to validate them.

 

[JonesBones]

Think of it like evaluating the fiscal promises of a company. Imagine the CEO of Netflix said that he would consider high 4% number to be a success. Some are even saying five. He thinks that is a bit optimistic but he thinks over 4.5% will be a success. Then the company reports 4.1% growth. That isn't good... lol.

The GDP missed guidance basically.

 

[ScottE]

Unlike most people, I actually do remember that. It was as absurd then as it was this time around. I remember the mass criticism, and actually some of the same arguments as negatives towards Obama. He eventually didn't go due to the heat, which I thought was a loss for the country. It should have happened back then imo, though ironically would have been panned.



I would say it's about the best we were gonna get for the country for them to stand down at this stage. Give some get some, and receiving some in the form of an official denuke is a vanilla ice cream protein shake when you've been drinking vegan shakes for years.

But as he said we gave up a bargaining chip we had to fix a situation we created to illicit a promise that has no meaning behind it.

We're down the chip and up the empty promise. That's like epic level bad negotiation skills.

 

[ScottE]

Think of it like evaluating the fiscal promises of a company. Imagine the CEO of Netflix said that he would consider high 4% number to be a success. Some are even saying five. He thinks that is a bit optimistic but he thinks over 4.5% will be a success. Then the company reports 4.1% growth. That isn't good... lol.

The GDP missed guidance basically.

And behind the scenes your accounting department is telling you it needs to be 6% or you won't be able to service the debt you incurred in the expansion.

 

[D3THRONED]

Good news, but there still is a massive deficit that needs to be addressed.

 

[Higus]

Except that's not what happened. One guy made a point and then the rest of you chucklefucks just went 'yeah, that sounds smart' and parroted it.

That's why you see so many lefties in so many of these types of threads just regurgitating the same talking points. It's just a herd mentality driven by facebook 'like' culture.

Lol, keep ignoring the giant, gaping hole in OP's statement and blame this on the libs. Bravo.

 

[AgonyandIrony]

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.

AirBnBs straight fucked this city, no regulation, people bought up the affordable housing and fucked over locals.

 

[DespicablePeep]

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...

I was not even reading your posts and you decided to quote me. I was talking about other posters

You felt it was you for some reason.

 

[DespicablePeep]

how do the trumpians always interpret things in this way?

who is pissed about an improving economy? who is mad about the possibility of NK claiming that theyre going to denuclearize? nobody.

people DO question whether its as good as it seems, or if trump should be blown for it or not. that does not mean anyone is pissed about it happening.

i think like so many other groups, deep down, the trumpians too, want to be victimized.

Nice to come out, like I said damaged.

 

[My Spot]

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

Just wait until ole Jack starts messaging you and then puts you on ignore.

 

[method115]

Obama had the same idea, initially, and received universal criticism for it, and decided not to do it. The thinking was that we'll give him a meeting if he makes some concessions. But since Trump destablized the situation, we needed to cash that chip in just to get back to normal. But that's a net loss since it's no longer something to dangle in exchange for something good.

The progress made between North and South Korea can't even be argued. People actually involved in the situation (South Korean President) have praised trump for his help in getting the two countries to where they are at. Please explain to me how this was all happening before and is completely normal?

 

[Seano]

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

I don't respond to tags, for future reference.

 

[KnightTemplar]

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

 

[AGGAMEMNON66]

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.

Reaganomics..

 

[GearSolidMetal]

I just heard soundbites of the MSM saying the reason for the 4.1% GDP growth is because of soybeans.

Which begs the question, typically, how much of the GDP has depended on soybeans?

Can soybeans cause the next recession? The next depression?

Hey, to all the soyboys of the world, whatever you do, don't stop drinking/eating soy! You're making Trump look good!