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

Madmick said:
This is why people think you're stupid. This was my only post ITT before today:

I've posted plenty about my cynicism in Trump's economic management elsewhere, too.
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I seem to remember you arguing the opposite at one point.

Seems strange to me you're jumping right into the thread after I bumped it too.
 
glenwo2 said:
Why was this thread bumped again?
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why not if it's still relevant (and this one still is...)..

we gonna start grading Trump on every quarter from now on yes?... make sense since this thread was about ONE quarter of EXPLOSIVE GDP results.
 
Madmick said:
Maybe we're circling in on the reason people think you're stupid.
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Because I don't remember everything everyone posts I'm stupid?

You must be an imbecile too then because I doubt you do either.
 
Everybody likes growth. And I hate to be a Negative Nancy. But a lot of the difference in economic growth between the Trump and Obama administrations is due to the fact that that rate of inflation has increased by more than 33% from Obama's terms over Trumps first 2 years.

https://www.thebalance.com/u-s-inflation-rate-history-by-year-and-forecast-3306093

But if you are happy to pay more for shit so Trump can brag about his economic prowess, knock yourself out.
 
Factory said:
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!
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You can give Trump creidit for a stock economy if you blame him for the impending correction.
 
Seano said:
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.
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The US is in a seriously strong position. Even a war with Iran and in middle east wont hurt US and will just help them and by eliminating competition.

US can also beat china back and win this trade war.

The catch is the US is interally divided and weak and multiculturalism and competinf religions and identities and latino/la raza/reconqusita sentiement etc is threatning to break the country up i think. Factor in the liberals love of open borders and islamic immigration and welfare socialism and you got a potential recipe for disaster.


Even if Trump builds the wall and increases deporations and doesnt give into amnesty. The next president could very well still fuck up the US by reversing Trump immigration stances.
snakedafunky said:
I just don't understand why Americans or in this case Trump supporters are so stupid.
A high GDP in a time of record low taxes, sky-high deficits, and a good world economy is nothing to celebrate for the US.

Where is the investment in the workforce with an apprenticeship model, where is the investment in infrastructure, where is the investment to modernise the manufacturing, no plan to fixing education cost, no plan to fix the healthcare issue (probably the biggest issue), no plan against a raging opioid epidemic, no drug reform to ease the burden on justice system.
The only thing Trump has done is make the rich even richer.
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@NoDak says US is best at manufacturing and energy production
 
1- sudden increase is not always good according to the economists
2- This increase is not initiated within one or two days, usually these kinds of initiatives haves been planned before 5 years
 
cooks1 said:
Everybody likes growth. And I hate to be a Negative Nancy. But a lot of the difference in economic growth between the Trump and Obama administrations is due to the fact that that rate of inflation has increased by more than 33% from Obama's terms over Trumps first 2 years.

https://www.thebalance.com/u-s-inflation-rate-history-by-year-and-forecast-3306093

But if you are happy to pay more for shit so Trump can brag about his economic prowess, knock yourself out.
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this has been the best couple years of buisiness in over a decade.


I’m quite happy, thanks.
 
Chinese (and Russians) are used to the government taking their shit whenever it feels like it, that's why they try to get their money into more stable Western economies where they at least have some legal recourse f people try to take their shit, the governments of China and Russia don't actually like this, it weakens their economies. A lot of the property boom in places like Canada, Australia, UK, certain parts of the US etc is almost completely fueled by people from countries like China and Russia trying to move their money out of their own countries.

Them buying less property overseas is actually good for the Chinese economy as more money stays in the country.
 
Also as much as I like Trump on the economy, every time he opens his mouth on twitter it drops the market like crazy. Anyone who has investments knows what I'm talking about.
 
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