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

[Joe]

can't trump or his supporters just call this good or even great numbers? Why lie and call this historic or unprecedented?

 

[Factory]

Literally nobody said it was going to crash.

Trump was literally mocked when he predicted these kind of numbers. Under Obama economic experts and the media defined 1.9% GDP as normal. 4.1% in the 2nd Q is the fastest growth since 2014. The economy is booming again thanks to Trump's policy of deregulation, historic tax cuts and America First trade policies.

 

[WhiteMousse]

Quick say something about Putin or that stripper or anything.

 

[ScottE]

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!

Do you think tariffs can time travel? These are number from Q2 with Trump's tariffs being implemented in the beginning of Q3.

Come on man that's not rocket science.

 

[Rational Poster]

Trump was literally mocked when he predicted these kind of numbers. Under Obama economic experts and the media defined 1.9% GDP as normal. 4.1% in the 2nd Q is the fastest growth since 2014. The economy is booming again thanks to Trump's policy of deregulation, historic tax cuts and America First trade policies.

Now you're being mocked because you don't understand the difference between yearly and quarterly GDP growth.

Obama had 4 or 5 quarters with GDP growth higher than 4.1%.

Trump still hasn't even hit 3% GDP growth, let alone 4%.

 

[Mark Hunts FIST]

Shared via TweetCaster

 

[Factory]

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.

disagree, because 4.1% GDP regarding this Q is way beyond all expectations.

 

[HunterSdVa29]

Do you think tariffs can time travel? These are number from Q2 with Trump's tariffs being implemented in the beginning of Q3.

Come on man that's not rocket science.

I know, I was just pointing out how high the last numbers were

so we have a pretty good base to compare to when Q3 comes out

I have a feeling it won't be anywhere near as bad as people think it will be. Also, washing machines and solar panels had tariffs implemented in Jan 2018, so it's steel and aluminum I assume you're referring too.....

 

[ScottE]

Trump was literally mocked when he predicted these kind of numbers. Under Obama economic experts and the media defined 1.9% GDP as normal. 4.1% in the 2nd Q is the fastest growth since 2014. The economy is booming again thanks to Trump's policy of deregulation, historic tax cuts and America First trade policies.

Trump's was mocked for suggesting numbers that high for yearly GDP growth. Why would anyone mock him for quarterly numbers that every US president has put up, including Obama on 4 separate occasions? Nor are these growth numbers anywhere close to what they need to be to finance the tax cuts.

Obama did this without cutting taxes while coming out of a historic recession. It's no wonder you posted a yearly comparison instead of a quarterly one.

 

[Factory]

Now you're being mocked because you don't understand the difference between yearly and quarterly GDP growth.

Obama had 4 or 5 quarters with GDP growth higher than 4.1%.

Trump still hasn't even hit 3% GDP growth, let alone 4%.

But he is clearly on track. He will break 3% easily.

 

[Jack V Savage]

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!

Doesn't that indicate a pull-forward of export demand? I didn't break it all down, but just from your post, it appears that we should be worried about the next quarter. Remember the impact from "cash for clunkers"?

BTW, this is exactly the kind of thing that would worry me about an individual company. @kpt018

 

[Rational Poster]

But he is clearly on track. He will break 3% easily.

No he's not.

First quarter growth was 2.2%

 

[Squarechoke]

disagree, because 4.1% GDP regarding this Q is way beyond all expectations.

That's irrelevant as I was discussing your post where you were comparing with different stats from Obama's terms, not the result itself which I just called good news. You of course didn't want to show any quarterly's from him as he had a few that's higher than this.

You should have stuck with being glad that the US had a good quarter instead of overextending yourself to the point where it became an ignorant comparison.

 

[Factory]

No he's not.

Why so pessimistic?

He is already breaking all exceptions for this Q. His policy regarding economy is simply very effective. Low regulations and taxes combined with better trade deals. Also, positive thinking among companies are at a very high rate.

There is no reason to assume that Trump's economy will fail. Looks good so far, doesn't it?

 

[GetTheseHands]

 

[Rational Poster]

Why so pessimistic?

He is already breaking all exceptions for this Q. His policy regarding economy is simply very effective. Low regulations and taxes combined with better trade deals. Also, positive thinking among companies are at a very high rate.

There is no reason to assume that Trump's economy will fail. Looks good so far, doesn't it?

I'm not pessimistic, it's basic math.

First quarter growth was 2.2%. He's not on track to break 3% consider we have 2 quarters to go and tariffs looming and certainly not even close to breaking 4%.

No trade deals have been signed, hell, the tariffs aren't even taking effect till next quarter.

We need 6% annual growth to make up for the tax cuts.

 

[HunterSdVa29]

Doesn't that indicate a pull-forward of export demand? I didn't break it all down, but just from your post, it appears that we should be worried about the next quarter. Remember the impact from "cash for clunkers"?

BTW, this is exactly the kind of thing that would worry me about an individual company. @kpt018

You are probably right about the pull forward demand, i'm not sure what fields that largely effected but it would make sense. Depending on how much we rely on aluminum/steel (I've read the overall tariffs in total account for like 4.1% of our imports or something) from those countries you are right, we could have problems in the 3rd qtr. And then ripple effects in industries that use those products primarily, which I imagine is quite a lot.

I was merely pointing out with SOME tariffs already in place we had a pretty substantial gain the 2Q, although i'd be lying if I said I fully understood specifically the situation with China and it's multiple threats (from them, and US) and various timelines since March of this year.

 

[Factory]

That's irrelevant as I was discussing your post where you were comparing with different stats from Obama's terms, not the result itself which I just called good news. You of course didn't want to show any quarterly's from him as he had a few that's higher than this.

You should have stuck with being glad that the US had a good quarter instead of overextending yourself to the point where it became an ignorant comparison.

no, breaking exceptions are not irrelevant. It shows that Trump's economy is doing well in relation to the current economic situation.

 

[Joe]

Trump was literally mocked when he predicted these kind of numbers. Under Obama economic experts and the media defined 1.9% GDP as normal. 4.1% in the 2nd Q is the fastest growth since 2014. The economy is booming again thanks to Trump's policy of deregulation, historic tax cuts and America First trade policies.

They aren't historic. Not even in the last ten years. Jesus.

 

[Mark Hunts FIST]

Let's be honest, the media and some of the people in here have been wrong about every single prediction you have made


0 for 50