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

[Witchhunt]

Holy shit!

Like!

 

[SleepyBoy]

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!

I am a recuiter, and just about everyone I am talking to is asking for more money, and they are getting more money because there is so much competition now for talent.

Now you might have to leave your current job to get more compensation, but that's because so many employers are still stuck in the 08 crash mindset of thinking they hold all the cards and jobs are still super scarce, which they are not.

I am getting more money too, and being called everyday for new opportunities that are trying to bribe me with more money to leave a company I really like.

Now is the time to go after better opportunities.

 

[Witchhunt]

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!

Time to shop that resume...

 

[kpt018]

He did admit it as an error in the days afterward, though only in passing.

My opinion is: a man who can suspend rationality to that extent in an emotional fit or otherwise make such a horrible prediction in his area of specialization is not to be trusted.

I get why you say that, he does get super emotional. But a lot of his work is great, so I'm torn.

 

[Seano]

Military spending has nothing to do with our super power stance and everything to do with buying votes.

Obviously wrong. The US is the world's watchdog. We live to pretend otherwise when its hip and trendy to do so but the stronger the US military is, the safer the civilized world is.

 

[HunterSdVa29]

this is also of worth noting:

"Meanwhile, exports jumped 9.3 percent (3.6 percent in the previous quarter) and imports rose at a much slower pace (0.5 percent compared to 3 percent). As a result, the impact from trade was 1.06 percent, much better than -0.02 percent in the first quarter and the highest contribution since the last three months of 2013."

that trade war!

 

[Protectandserve]

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.

Huge chunks of the Southern California residential market is Chinese buyers. Like entire neighborhoods and new developments are majority Chinese buyers.

 

[kpt018]

Nice! Great path man. Myself I'll be at the firm until I retire most likely haha. Moved my way up the ladder a few of positions, been here 8 years, and I'm highly favored here, so no reason to think outside the box or get creative.

That is very interesting. See mine came after reached I the level I am at. I used to be a lot more "for the people", and my mom/pops both were hard workers who had to make lots of sacrifices, so I had much more of that people first mindset. Then I started becoming more and more successful through my own hard work and sacrifices, while having friends/family who were significantly less successful than I but would claim I was "lucky" or they "couldn't do it without my opportunity" and stuff like that. I would try to help them or give them advice and they would balk at it or get angry if I tried to help, and really only wanted cash money assistance from me. On top of that they were envious about my fiance, my salary, if I bought something nice, etc. It soured me and made me feel like most people who don't have is due to their own failures and lack of accountability, and completely reshaped my opinion on a lot of topics.

With a few different factors over the years, I would have had the same stances on nearly all topics. Funny how that works out.

That's great man, you'll do extremely well in your career.

BTW, I fully admit that I vote against my own personal economic interest, which is something I criticize much of the right of doing! I have what I think are good reasons but I won't ramble about them here.

To specifically address one thing you said here, and I certainly don't doubt that people make bad decisions that impact their lives, but I think I see the systems and institutions differently than you. One example is that some people are just a casualty of normal economic changes (technology, decision making, etc.) and that bad institutions will produce bad results like gutting environmental regulations. Should we be surprised to see more pollution of air and water, burning of carbon, etc. if we continue to weaken institutions that prevent this stuff? I see lots of examples of things that lead me to left wing view points.

In summary, I tend to favor policy and institutions to solve these problems because individuals and even groups of people fail (they're human).

 

[waiguoren]

I get why you say that, he does get super emotional. But a lot of his work is great, so I'm torn.

His work meaning his published papers?

His textbooks weren't popular when I went through econ undergrad.

His columns...too much partisanship.

 

[kpt018]

His work meaning his published papers?

His textbooks weren't popular when I went through econ undergrad.

His columns...too much partisanship.

I get why a righty would feel that way, but yeah, he does some very good work in the NYT. And yes, I'm conceding that he does get partisan and emotional at times, but I don't want to miss the good stuff (I think I can figure out the difference).

 

[Madmick]

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!

Spoiler

Too bad the projections require a 6%+ growth model in order to offset the lost revenue, and that average is barely above that at 3.1%

BTW, this is as good as it gets. The windfall from the repatriation tax, which is roughly 1/5 was it was projected to be, is a one-time deal.

 

[Spoken]

Sheepish consumerism and the rich getting richer. Woot

 

[Spoken]

Too bad the projections require a 6%+ growth model in order to offset the lost revenue.

Lol, is it really that high? Fucking impossible. It’ll never happen

 

[Rational Poster]

Obviously wrong. The US is the world's watchdog. We live to pretend otherwise when its hip and trendy to do so but the stronger the US military is, the safer the civilized world is.

Is increasing the military budget every year the only way to make sure the US military is strong?

 

[waiguoren]

I get why a righty would feel that way, but yeah, he does some very good work in the NYT. And yes, I'm conceding that he does get partisan and emotional at times, but I don't want to miss the good stuff (I think I can figure out the difference).

It's fine to write from a left-wing perspective (i.e., assuming parameter values that lead to left-wing conclusions). But he constantly infers his opponents' motives and attacks them personally. It's unnecessary and suggestive of intellectual blind spots.

 

[GetTheseHands]

 

[Big Nasty Edison]

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%

So you're saying under the last GOP president the GDP fell to -0.24% and obama raised it to 2.70 and it held steady through both his terms?

Thanks OBAMA!

 

[Diamond Jim]

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%

I’m not hating on the numbers but this would be considered the fifth biggest quarter under Obama’s term.

 

[Squarechoke]

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%

You're not doing much other than undercutting the good news by both failing to provide a comparison between equal stats, plus trying to conveniently forget the difference between the world being in recession and having a global economic boom.

 

[Rational Poster]

It's pretty cute how you guys keep spiking footballs you don't even understand.