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

[waiguoren]

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.

Republicans need to stop feeding the military industrial complex. That's by far my biggest gripe with Trump. #2 is his failure to push hard for the wall.

 

[SaiWa]

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%

Comparing yearly numbers to a quarter number? LOL.

 

[GetTheseHands]

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.

If you guys has been paying attention to anything outside of Russia you would already know.

 

[andnowweknow]

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.

lol...don't hold your breath.

 

[VivaRevolution]

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.

I see what you are saying, but I meant how Chinese investment comes in buying real estate in bulk. This is largely on the commercial side of real estate, but it has also moved into residential markets.

 

[SammyPops]

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.

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

 

[cottagecheesefan]

I see what you are saying, but I meant how Chinese investment comes in buying real estate in bulk. This is largely on the commercial side of real estate, but it has also moved into residential markets.

Ah yes, I know what you mean. In my hometown, most of the small business and commercial real estate are owned by South Koreans and Chinese. Mostly the Koreans, tho.

 

[kpt018]

If you guys has been paying attention to anything outside of Russia you would already know.

So what is driving the growth? And no thoughts on the TS cherry picking data?

Also, I pay much more attention to business and professional (I'm an accountant) news than I do political news, but thanks for assuming you know what news I consume.

 

[Quequeg]

The bill (recession and deficit) will come do just in time for a Democratic president to clean up the mess, and the Republicans will start screaming about the deficit again.

 

[Rod1]

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.

Same in Mexico, the issue is that not all countries can run trillion dollars deficits like the US.

Eventually that bubble is going to pop.

 

[SaiWa]

If any of you have been paying attention to the market you would have realize this growth was expected. Assuming the tariff issues with China (and Canada and Mexico) remains we will be seeing a rapid drop off in the next quarterly review.

I know that companies were stocking up (buying and selling) as much and as fast as they could because they wanted to beat the tariffs.

4.1% is awesome but it's not the first time we've seen 4%. We've hit it several times above that mark under Obama's watch.

 

[andnowweknow]

more than 4% quarterly growth happened 4 times under Obama. Let's repeat this before we claim any victories.

 

[SaiWa]

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

I guess you have no idea what the difference is between quarterly and yearly GDP ... LOL.

 

[kpt018]

more than 4% quarterly growth happened 4 times under Obama. Let's repeat this before we claim any victories.

Well I've learned in the last two years or so that there is no information or facts that will stop the Trumpsters from claiming victory. NOTHING.

 

[GetTheseHands]

So what is driving the growth? And no thoughts on the TS cherry picking data?

Also, I pay much more attention to business and professional (I'm an accountant) news than I do political news, but thanks for assuming you know what news I consume.

If you actually have been paying attention to economic news the last 2 years instead of jumping up and down and throwing yourself on the floor about every NYT leak involving Russia, you wouldn't need this explained to you. Start paying attention to shit that matters

 

[GetTheseHands]

I guess you have no idea what the difference is between quarterly and yearly GDP ... LOL.

So is that what you guys are holding on to? "But it's not the yearly numbers..." How many times did you guys say he wouldn't even get this far? The economy was suppose to crash when he won and it's doing better than ever.

 

[kpt018]

If you actually have been paying attention to economic news the last 2 years instead of jumping up and down and throwing yourself on the floor about every NYT leak involving Russia, you wouldn't need this explained to you. Start paying attention to shit that matters

Dude, stop assuming you know what I pay attention to (I do follow business and economic news as well as news in my profession). The reason I know the OP is just a lame attempt to claim victory is because I pay attention to this stuff!

Now, if you have an argument as to why Trump's policies are contributing to growth, do share. If not you'll have to take your cheerleading elsewhere.

 

[andnowweknow]

You're an accountant?? I didn't know that. I work in finance in client risk management for one of the Big 4, on all the good stuff from the fortune 500 companies. Interesting how we have some of the same, and some vastly different opinions but such a similar field.

Statistically, you probably don't have the same father...so it's probably not genetic.

 

[Devout Pessimist]

Bill Maher must be pissed off.

 

[Rod1]

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

Do you know what quarterly means right?