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

[HunterSdVa29]

what was the yearly 2017 GDP growth, 2.71% or something right?

For right leaning folks, the better argument regarding this is not that A) Trump or his policies are largely responsible for the state of the economy (some of it, sure) but rather B) at best he's not doing anything too crazy to alter the trend that already existed (which is actually saying something pretty substantial). Even if that is due to incompetence and not being able to pass certain economic policies, it's still a net positive for the nation....

That being said we'll have to see how the tariffs effect us from here on out, in the long run I expect it to go more in our favor like the Chicken Tax did (and essentially killed the entire VW minibus and light van market as a result, it's also largely why they don't sell Nissan or Toyota pickups anymore), but in the short run it will surely have some negative impacts.....

 

[Ultra O’Dia]

Some people just wont be happy until their country falls apart

 

[Rational Poster]

what was the yearly 2017 GDP growth, 2.71% or something right?

For right leaning folks, the better argument regarding this is not that A) Trump or his policies are largely responsible for the state of the economy (some of it, sure) but rather B) at best he's not doing anything too crazy to alter the trend that already existed (which is actually saying something pretty substantial). Even if that is due to incompetence and not being able to pass certain economic policies, it's still a net positive for the nation....

That being said we'll have to see how the tariffs effect us from here on out, in the long run I expect it to go more in our favor like the Chicken Tax did (and essentially killed the entire VW minibus and light van market as a result, it's also largely why they don't sell Nissan or Toyota pickups anymore), but in the short run it will surely have some negative impacts.....

2.3%

 

[Limit Smasher]

Democrats election strategy = pray for the economy to collapse.

It's party over country for those clowns.

 

[SBJJ]

good find there

It was an opinion piece. Would be like posting a Rush Limbaugh article

 

[SBJJ]

what was the yearly 2017 GDP growth, 2.71% or something right?

For right leaning folks, the better argument regarding this is not that A) Trump or his policies are largely responsible for the state of the economy (some of it, sure) but rather B) at best he's not doing anything too crazy to alter the trend that already existed (which is actually saying something pretty substantial). Even if that is due to incompetence and not being able to pass certain economic policies, it's still a net positive for the nation....

That being said we'll have to see how the tariffs effect us from here on out, in the long run I expect it to go more in our favor like the Chicken Tax did (and essentially killed the entire VW minibus and light van market as a result, it's also largely why they don't sell Nissan or Toyota pickups anymore), but in the short run it will surely have some negative impacts.....

Who doesn’t sell Toyota pickups?

 

[Jack V Savage]

what was the yearly 2017 GDP growth, 2.71% or something right?

Real GDP growth in 2017 was 2.3%.

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

For right leaning folks, the better argument regarding this is not that A) Trump or his policies are largely responsible for the state of the economy (some of it, sure) but rather B) at best he's not doing anything too crazy to alter the trend that already existed (which is actually saying something pretty substantial). Even if that is due to incompetence and not being able to pass certain economic policies, it's still a net positive for the nation....

I don't think one's leaning should figure into their arguments at all. I don't see any evidence at all to attribute the state of the economy to Trump. I'd agree with your second point. Based on campaign rhetoric, I expected a hawkish Fed, which would have slowed growth, but that hasn't happened. In retrospect, it was as much of a mistake to think Republicans would appoint a hawkish Fed as it was to think they'd try to cut the deficit. Like deficits, dovish monetary policy is something they screech about when they're out of power and then actually support to a greater extent than Democrats when they're in power.

That being said we'll have to see how the tariffs effect us from here on out, in the long run I expect it to go more in our favor like the Chicken Tax did (and essentially killed the entire VW minibus and light van market as a result, it's also largely why they don't sell Nissan or Toyota pickups anymore), but in the short run it will surely have some negative impacts.....

I don't see any possible way that tariffs can have a *positive* effect on the U.S. economy. Furthermore, I especially don't see how right-leaning folks can think it would, as that means that tax increases and restricting trade is pro-growth. There's no theory or evidence to support that, and it used to be that right-wingers more than anyone else recognized that.

 

[Factory]

You're just trying to weasel yourself out of commenting on what I actually was talking about. Is it that scary for you to be wrong?

Wrong about what? I posted quarter numbers.
And later I posted GDP numbers by year from the last administration. That's all. At the beginning, I wasn't comparing them or where did you read that? I admitted that it was maybe a little bit misleading, but the difference between year GDP and quarter is well known and should be clear.

The way you act it doesn't seem like it would be a very novel sensation for you.

Don't be so tough on me, since the way you Swedes act are even more confusing...

To start Obama had two stronger quarters then this in 2014, one over 5%, and 2014 still only came in a 2.4%.

sure, don't celebrate until end results. Just call me optimistic on that.

More relevant is the comparison between 2017 and 2018, if you want to judge the current economical development.
You are all ignoring the most important part, at least for me - the current numbers are way beyond all expectations, so I guess Trump doesn't suck that much?


2017
Q1: 1.8%
Q2: 3.0%
Q3: 2.8%
Q4: 2.3%

2018:
Q1: 2.2%
Q2: 4.1%

 

[HereticBD]

Democrats election strategy = pray for the economy to collapse.

It's party over country for those clowns.

"I want y'all to quit your jobs! Get your benefits! Pick the government's bones clean! Run your credit through the roof, and claim chapter 11!"

- Maxine Waters

 

[HunterSdVa29]

Who doesn’t sell Toyota pickups?

that's my fault, I meant to say 'built in that nation', good catch

its why many companies have moved their factories to the US and Mexico, as it circumvents that stipulation (mexico w/ NAFTA)

"Japanese manufacturers initially found they could export "chassis cab" configurations (which included the entire light truck, less the cargo box or truck bed) with only a four percent tariff.[4] A truck bed would subsequently be attached to the chassis in the United States and the vehicle could be sold as a light truck. Examples included the Chevrolet LUV and Ford Courier. The "chassis-cab" loophole was closed in 1980.[4] From 1978–1987 the Subaru BRAT carried two rear-facing seats (with seatbelts and carpeting) in its rear bed to meet classification as a "passenger vehicle" and not a light truck.

The U.S. Customs Service changed vehicle classifications in 1989, automatically relegating two-door SUVs to light truck status.[4] Toyota Motor Corp., Nissan Motor Co., Suzuki (through a joint venture with GM), and Honda Motor Co. eventually built assembly plants in the U.S. and Canada in response to the tariff.[1]

From 2001 to 2006, cargo van versions of the Mercedes and Dodge Sprinter were manufactured in assembly kit form in Düsseldorf, Germany, then shipped to a factory in Gaffney, South Carolina for final assembly with a proportion of locally sourced parts complementing the imported components.[19] The cargo versions would have been subject to the tax if imported as complete units, thus the importation in knock-down (KD) kit form for U.S. assembly.[20]

Ford imported all of its first generation Transit Connect models as passenger vehicles by including rear windows, rear seats, and rear seat belts.[1] The vehicles are exported from Turkey on ships owned by Wallenius Wilhelmsen Logistics (WWL), arrive in Baltimore, and are converted back into light trucks at WWL's Vehicle Services Americas, Inc. facility by replacing rear windows with metal panels and removing the rear seats and seat belts.[1] The removed parts are not shipped back to Turkey for reuse, but shredded and recycled in Ohio.[1] The process exploits the loophole in the customs definition of a light truck: as cargo does not need seats with seat belts or rear windows, presence of those items automatically qualifies the vehicle as a "passenger vehicle" and exempts the vehicle from "light truck" status. The process costs Ford hundreds of dollars per van but saves thousands in taxes.[1] Chrysler introduced the Ram ProMaster City, an Americanised version of the Fiat Doblò, in 2015 — building the vehicle at the Tofaş plant in Turkey, importing only passenger configurations and subsequently converting cargo configurations.

In 2009, Mahindra & Mahindra Limited announced it would export pickup trucks from India in complete knock-down (CKD) kit form, again to circumvent the chicken tax.[5] CKDs are complete vehicles that can be assembled in the U.S. from kits of parts shipped in crates.[5][21] The export plans were later cancelled.

Light trucks manufactured in Mexico and Canada, such as the Ram series of trucks manufactured in Saltillo, Mexico and Canadian built Chevrolet, GMC, and Ford truck models, are not subject to the chicken tax under the North American Free Trade Agreement. "

 

[SBJJ]

Next quarter will actually be the tell all. If it can sustain 3.0% or better that will tell us much more than 1 exceptionally good quarter. Obama had some great quarters himself

 

[ObamaPhoneLady]

Love or hate Trump, you gotta like this if you want the best for the country and our people.

BREAKING NEWS: The left doesn't want that.

 

[SBJJ]

that's my fault, I meant to say 'built in that nation', good catch

its why many companies have moved their factories to the US and Mexico, as it circumvents that stipulation (mexico w/ NAFTA)

"Japanese manufacturers initially found they could export "chassis cab" configurations (which included the entire light truck, less the cargo box or truck bed) with only a four percent tariff.[4] A truck bed would subsequently be attached to the chassis in the United States and the vehicle could be sold as a light truck. Examples included the Chevrolet LUV and Ford Courier. The "chassis-cab" loophole was closed in 1980.[4] From 1978–1987 the Subaru BRAT carried two rear-facing seats (with seatbelts and carpeting) in its rear bed to meet classification as a "passenger vehicle" and not a light truck.

The U.S. Customs Service changed vehicle classifications in 1989, automatically relegating two-door SUVs to light truck status.[4] Toyota Motor Corp., Nissan Motor Co., Suzuki (through a joint venture with GM), and Honda Motor Co. eventually built assembly plants in the U.S. and Canada in response to the tariff.[1]

From 2001 to 2006, cargo van versions of the Mercedes and Dodge Sprinter were manufactured in assembly kit form in Düsseldorf, Germany, then shipped to a factory in Gaffney, South Carolina for final assembly with a proportion of locally sourced parts complementing the imported components.[19] The cargo versions would have been subject to the tax if imported as complete units, thus the importation in knock-down (KD) kit form for U.S. assembly.[20]

Ford imported all of its first generation Transit Connect models as passenger vehicles by including rear windows, rear seats, and rear seat belts.[1] The vehicles are exported from Turkey on ships owned by Wallenius Wilhelmsen Logistics (WWL), arrive in Baltimore, and are converted back into light trucks at WWL's Vehicle Services Americas, Inc. facility by replacing rear windows with metal panels and removing the rear seats and seat belts.[1] The removed parts are not shipped back to Turkey for reuse, but shredded and recycled in Ohio.[1] The process exploits the loophole in the customs definition of a light truck: as cargo does not need seats with seat belts or rear windows, presence of those items automatically qualifies the vehicle as a "passenger vehicle" and exempts the vehicle from "light truck" status. The process costs Ford hundreds of dollars per van but saves thousands in taxes.[1] Chrysler introduced the Ram ProMaster City, an Americanised version of the Fiat Doblò, in 2015 — building the vehicle at the Tofaş plant in Turkey, importing only passenger configurations and subsequently converting cargo configurations.

In 2009, Mahindra & Mahindra Limited announced it would export pickup trucks from India in complete knock-down (CKD) kit form, again to circumvent the chicken tax.[5] CKDs are complete vehicles that can be assembled in the U.S. from kits of parts shipped in crates.[5][21] The export plans were later cancelled.

Light trucks manufactured in Mexico and Canada, such as the Ram series of trucks manufactured in Saltillo, Mexico and Canadian built Chevrolet, GMC, and Ford truck models, are not subject to the chicken tax under the North American Free Trade Agreement. "

Gotcha. Kinda thought that’s what u meant?

 

[Benny Viper]

I CANT TAKE ALL THIS WINNING!!!!!!!

 

[Factory]

The current economic situation?

ehmmm

yes, the current global economic situation. The GDP depends on it.

 

[HunterSdVa29]

Real GDP growth in 2017 was 2.3%.

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/



I don't think one's leaning should figure into their arguments at all. I don't see any evidence at all to attribute the state of the economy to Trump. I'd agree with your second point. Based on campaign rhetoric, I expected a hawkish Fed, which would have slowed growth, but that hasn't happened. In retrospect, it was as much of a mistake to think Republicans would appoint a hawkish Fed as it was to think they'd try to cut the deficit. Like deficits, dovish monetary policy is something they screech about when they're out of power and then actually support to a greater extent than Democrats when they're in power.



I don't see any possible way that tariffs can have a *positive* effect on the U.S. economy. Furthermore, I especially don't see how right-leaning folks can think it would, as that means that tax increases and restricting trade is pro-growth. There's no theory or evidence to support that, and it used to be that right-wingers more than anyone else recognized that.

it depends, it could result in choosing to use other items in lieu of aluminum or steel which would clearly effect whatever substitute industry in the affirmative, but perhaps you are right.

I never quite understood why Democratic leadership (only b/c clearly the GOP will never do this) hasn't tried to add tariffs on oil and petroleum products, which would then force us to actually be serious about alternative means of energy. Obviously that would hinder us in the short term, particularly the energy field, but it would also be greatly beneficial in the long term. Or is that just too crazy to ever happen w/ how much that industry contributes to campaigns? Especially given how well the economy of Texas has done recently, and it's role in the oil/natural gas industries.

 

[ObamaPhoneLady]

This thread has actually been a really good insight into how the left deals with news like this. For the first page or so, they stayed away because they couldn't find an angle. Then one guy goes 'that's quarterly, not yearrly!!!!1!'

And then they ALL jump in parroting the same line like it was their idea when really they're just following the leader.

 

[Factory]

He doesn't actually know what he means, he's just saying words.

I thought you were a good poster. I take it back...

oh shit, you guys are stupid

so again:

yes, the current global economic situation. The GDP depends on it.

 

[HunterSdVa29]

Gotcha. Kinda thought that’s what u meant?

does Nissan even make the pickup anymore?

serious ?, I thought the Frontier replaced it

same w/ Toyota and the smaller Tacoma now

 

[ObamaPhoneLady]

Next quarter will actually be the tell all. If it can sustain 3.0% or better that will tell us much more than 1 exceptionally good quarter. Obama had some great quarters himself

If he sustains for another three quarters, you will move the goal posts to 4 year term.

When he gets reeletced you will move goalposts to 8 year term.

After 8 years you move goalposts to 'yeah but how well will those numbers hold up 8 years after his term ends? Look how great Obama's economy held up after 16 years!!!1!'

Yawn.