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

[andnowweknow]

Bill Maher must be pissed off.

Bill actually bought all the soybeans...Now that he's satisfied on that front, look out Soybean boom.

Or...

People just bought a shitload of soybeans because of the incoming Tariff bomb.

 

[Teppodama]

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.

And yet you still persist day after day after day.... Welcome to Groundhog Day

 

[Factory]

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.

You think it's misleading? I added "The running four-quarter average is 3.1%, considered by economists to be a very strong number" to my opening post.

 

[kpt018]

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.

I got some of my training in assurance for a big 4 firm, but now I run the accounting department for a CPG company. I still keep my CPA license active though.

How we arrive at our political views are complicated and a lot of the foundation for mine came before I was an accountant. I come from a very humble blue collar family, benefited from the safety net, live in NY, have empathy and compassion and a sense that a rising tide raises all ships, etc.. I can spend hours describing to you how I view the world the way I do.

I know that finance professionals tend to lean right but last I checked it's something like 75%/25%, so it's not that weird to see left leaning accountants! I know many, actually and now many extreme right wingers too.

 

[Rod1]

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.

Who said it was supposed to crash immediatly? and keep at it with the massive deficit spending during a tight job market and you will see another bubble burst sooner rather than later.

 

[kpt018]

You think it's misleading? I added "The running four-quarter average is 3.1%, considered by economists to be a very strong number" to my opening post.

Yes, the comparison is extremely misleading because you're comparing annual results with a quarterly, and now added mid-year results. And you've made no correlation to Trump's policies and your thesis.

 

[kpt018]

And yet you still persist day after day after day.... Welcome to Groundhog Day

I find some value in refining my thinking here through arguments and there are very smart posters on here that I respect.

 

[andnowweknow]

Who said it was supposed to crash immediatly? and keep at it with the massive deficit spending during a tight job market and you will see another bubble burst sooner rather than later.

Literally nobody said it was going to crash.

 

[SleepyBoy]

I love how the astronaut just blast the alien in the face.

Alien: "welcome to our home vistor, how can I help you my friend?!?"

Astronaut:" boom! Our planet now, bitch. Ha'merica!!!"

 

[snakedafunky]

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.

 

[Farmer Br0wn]

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

Thank you for saving me the time of having to post this.

Like I was telling leftist posters in the tax cut threads:

"Don't pretend like you have some ability to tell the future. You have no idea what the future is going to hold, let alone what the precise negative effects of this policy are going to be. If you were able to tell the negative impacts of policy into the future with absolute certainty, you would already be a billionaire."

I always implore people to be skeptical of those claiming to be able to tell the future.

 

[HereticBD]

Literally nobody said it was going to crash.

 

[Devout Pessimist]

Bill actually bought all the soybeans...Now that he's satisfied on that front, look out Soybean boom.

Or...

People just bought a shitload of soybeans because of the incoming Tariff bomb.

Bill probably voted for Trump. He just makes jokes about him and says stupid shit to keep the money rolling in and to keep his seals happy.


Bill Maher: "Trump is a stupid poo-poo head."

Audience:

 

[Factory]

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

Easily...

This first quarter goes beyond all expectations and it will continue. Also positive thinking among companies is at a very high rate.

Trump will own the eco with low taxes and good trade deals.

 

[andnowweknow]

Lock her up, lock her up.

 

[cincymma79]

pointing out people who said it would crash is racist. each time they do it it becomes more racist

 

[Kindacrazy]

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.

You are right it is deceiving, just not in the way you think. Obama was coming off of a financial meltdown. Obama's growth numbers were terrible for the economic situation he was in. Trumps are off the charts considering that almost every economist considered the US to be prime for cyclical economic decline before Trump was elected. The truth is more complicated obviously, but the left needs to stop with the idea that the economy is doing poorly it just makes them look dishonest and frankly stupid.

 

[andnowweknow]

Easily...

This first quarter goes beyond all expectations and it will continue. Also positive thinking among companies is at a very high rate.

Trump will own the eco with low taxes and good trade deals.

Everyone should hope it continues.

 

[SaiWa]

Bill actually bought all the soybeans...Now that he's satisfied on that front, look out Soybean boom.

Or...

People just bought a shitload of soybeans because of the incoming Tariff bomb.

There has been a shortage of metal parts as well but the avg consumer doesn’t or care...

 

[Teppodama]

I find some value in refining my thinking here through arguments and there are very smart posters on here that I respect.

fair enough