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

[ScottE]

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

oh shit, you guys are stupid

so again:

Given that you cherry picked yearly GDP growth to compare to quarterly and don't seem to understand that 3% GDP growth for the year would be tremendously bad considering the efforts to spur it, I don't rate your opinion on my posting quality as mattering.

As I said, you're just saying words without understanding them.

 

[Jack V Savage]

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

It's not an opinion that results were in line with expectations, and that a pull-forward of demand was baked into the expectations.

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

It reflects a fundamentally flawed way to look at it to say that "(president) had some (adjective) quarters." Presidents generally have little to no impact on GDP growth.

 

[Factory]

Setting the bar awfully low if people are celebrating about one quarter. Keep it up for a few more and then come back and talk. It's a nice start though.

I agree, but It's just because the MSM told me that the world would literally end after Trump...

But surprise, surprise Trump is doing not so bad.

 

[Torrid]

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.

The only thing we can learn from this post is that you don't use 50ppp

 

[Factory]

Given that you cherry picked yearly GDP growth to compare to quarterly and don't seem to understand that 3% GDP growth for the year would be tremendously bad considering the efforts to spur it, I don't rate your opinion on my posting quality as mattering.

As I said, you're just saying words without understanding them.

ok, and know plz quote me were i did compare it.

 

[Seano]

Democrats election strategy = pray for the economy to collapse.

It's party over country for those clowns.

Yeah, they all get pissed and swear they don't do shit like this, but they do.

 

[Jack V Savage]

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.

I don't see any benefit from tariffs on oil, and it could violate some agreements and/or draw retaliation. A carbon tax is something that some Democrats have proposed.

 

[ScottE]

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

Even if he sustains 3% we are still way below what we need to be to cover the tax cuts.

You can say nothing on whether the growth is beneficial to the majority of people the reality is we gave huge corporate tax cuts to spur on growth. Marginal increases in that growth aren't going to be worth that "investment".

The cuts were suppose to bring yearly growth up over 5% on the low end. If it doesn't increase further next Q that's not going to occur. If it decreases to anywhere near 3% for Q3 and Q4 we are going to be eating about half of the 1.69 trillion tax cut. Even if it stays the same the rest of the year we are eating 35-40% of it.

 

[7437]

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.

it was 18 minutes before someone pointed that out

 

[Diamond Jim]

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.

And if next quarter drops, his supporters will go on to make excuses. Own the high, but you gotta also own the lows.

 

[Jack V Savage]

it was 18 minutes before someone pointed that out

Plus it was known before the thread started. This exact mistake has been made and corrected in previous quarters.

 

[Factory]

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.

They will bitch about everything.
You can expect the first suicides after 2020.

 

[Factory]

And if next quarter drops, his supporters will go on to make excuses. Own the high, but you gotta also own the lows.

And if trump finds cure for cancer, you will blame him for ignoring aids

 

[DespicablePeep]

For the life of me I can´t understand how people living in the same country can be mad at good economy numbers, despite liking or not who is in the office, you have to be really damaged to think this way.

 

[GhostZ06]

So are we gonna pay off the debt or we just gonna keep spending on bullshit

 

[Rational Poster]

They will bitch about everything.
You can expect the first suicides after 2020.

One more time.

Do you think it's likely that Q3 GDP growth remains the same or increases with the billions of dollars in import/export tariffs incoming?

 

[whougonnacall]

So are we gonna pay off the debt or we just gonna keep spending on bullshit

Nope
Huge Tax cuts to boost an economy are like maxing out your cc cards ....short term fun long term pain

 

[woodguyatl]

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

Good news and I hope he can sustain it. Obama had a few quarters over 4.5% and Q3 2014 was 5.1% but he couldn't sustain it. Fingers crossed.

 

[GhostZ06]

Nope
Huge Tax cuts to boost an economy are like maxing out your cc cards ....short term fun long term pain

ok so in short. Who gives a fuck...thanks all i needed to know since the trump cock sucking patrol is going crazy in here

 

[woodguyatl]

This awesome. More to come hopefully.

I can't wait for people to shit on great news.

I don' remember the celebratory thread when Obama was over 5% in Q3 2014 or the quarters where Obama was over 4.5% A great quarter is indeed good news. Let's hope it keeps up.