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

[funcrusher2007]

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.

This... I fuck an average of 10 girls a month. I’m the man.

But really I did that one time when I was 22. Never even got close to that any other time in my life. But imma cherry pick the stats that look good .

That’s essentially what trumps doing here

 

[Jack V Savage]

So an article about a politician saying the tax cuts will cause a recession does not cut it? Lol. It’s still an article

So u are cool with a 90 day ban?

I’ve only linked 1 of the specific tax cuts articles

To be clear! Articles saying the tax cuts will lead to recession is ok? And a 90 day ban is ok?

Pieces saying that the tax cuts increase the risk of a recession over some unspecified time period don't cut it, pieces saying that the cuts can't be expected to spur growth don't cut it, and obviously just quoting politicians rightly saying that the cuts are bad doesn't cut it. You said you could find 10 MSM articles (I'm assuming you mean opinion columns published in the MSM, but I'll take both that and articles) that claimed that the tax cuts would immediately tank the economy. I'm willing to be that you cannot.

 

[KnightTemplar]

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

 

[LMP]

I'm glad the economy is doing good. We all know it will be awhile after Trump leaves office before we see the long term effects of his economic strategy. So you Trumptroopers can celebrate the short term on this. There is still a lot of negatives that stick out about Trump. His environmental policies are horrible and will have long term negative effects. He is also having a negative effects on foreign relationship that should have everyone concerned. I'm hoping we all can make lots of money and continue to have a secure economy for along time.

 

[MeWithInfinityGauntlet]

I supported Hilary for the election, because it would have been another 4 years of Clinton and Bill Clinton was the best president we've had in decades, by far. He was great for the economy and worked with republicans. People joked back then that Hilary was really in charge, I don't believe that, but she's quite sharp and was definitely an asset for Bill.

Trump has done good for the economy, thus far. But I think his view on the environment is shit, which was the biggest problem I had with him, while Hilary had a good plan for the environment. Other than that I think he's done alright. However due to trade disputes and rising interest rates (the economy has been dependent on cheap money and on stocks vs low yielding debt for awhile) the economy is on shaky ground in the next 2 years. So there could be a recession, but if not, I don't see how Trump loses the next one. He's too charismatic and he's done well so far in some ways, namely the economy.

 

[bobgeese]

I'm glad the economy is doing good. We all know it will be awhile after Trump leaves office before we see the long term effects of his economic strategy. So you Trumptroopers can celebrate the short term on this. There is still a lot of negatives that stick out about Trump. His environmental policies are horrible and will have long term negative effects. He is also having a negative effects on foreign relationship that should have everyone concerned. I'm hoping we all can make lots of money and continue to have a secure economy for along time.

I supported Hilary for the election, because it would have been another 4 years of Clinton and Bill Clinton was the best president we've had in decades, by far. He was great for the economy and worked with republicans. People joked back then that Hilary was really in charge, I don't believe that, but she's quite sharp and was definitely an asset for Bill.

Trump has done good for the economy, thus far. But I think his view on the environment is shit, which was the biggest problem I had with him, while Hilary had a good plan for the environment. Other than that I think he's done alright. However due to trade disputes and rising interest rates (the economy has been dependent on cheap money and on stocks vs low yielding debt for awhile) the economy is on shaky ground in the next 2 years. So there could be a recession, but if not, I don't see how Trump loses the next one. He's too charismatic and he's done well so far in some ways, namely the economy.

In 2017, the US led the world in carbon reduction.

 

[LMP]

In 2017, the US led the world in carbon reduction.

*Yawn* get back to me after his presidency with the numbers.

 

[Rational Poster]

Hey guys what happened to bragging about the quarterly growth figures?

Did we stop doing that after one quarter already?

 

[G-19]

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.

Just like those 4 times under Obama, this is a victory though. What don’t you like about the quarterly numbers?

 

[Madmick]

Hey guys what happened to bragging about the quarterly growth figures?

Did we stop doing that after one quarter already?

Is there something I'm missing, here?
https://seekingalpha.com/article/4231612-moderately-slower-growth-rate-expected-u-s-gdp-q4

The shutdown is slowing down GDP growth 0.1% per each week it is in effect, according to the Trump administration's new doubled projections, but that is affecting the current growth, not the most recently reported quarters. Are you merely pointing to 2.7% as a failure within the context of the long term requirements under the massive revenue deficit?

Otherwise, within the short term, I don't get where you're coming from.

 

[kpt018]

Just like those 4 times under Obama, this is a victory though. What don’t you like about the quarterly numbers?

What are you talking about? Victory for the economy? Sure. For the presidents? Nope.

 

[Rational Poster]

Is there something I'm missing, here?
https://seekingalpha.com/article/4231612-moderately-slower-growth-rate-expected-u-s-gdp-q4

The shutdown is slowing down GDP growth 0.1% per each week it is in effect, according to the Trump administration's new doubled projections, but that is affecting the current growth, not the most recently reported quarters. Are you merely pointing to 2.7% as a failure within the context of the long term requirements under the massive revenue deficit?

Otherwise, within the short term, I don't get where you're coming from.

Well, like, duh.

That's been my whole point when you guys started this thread to begin with.

Even at the high end the growth figures aren't even close to covering the tax cuts let alone the revenue deficit, so what's really to brag about in the first place?

The shutdown has little to do with the Q4 numbers as 90% of the quarter was over before it even started so I'm not sure why you'd bring that up.

 

[G-19]

What are you talking about? Victory for the economy? Sure. For the presidents? Nope.

Well it’s a good thing I’m talking about the economy and not the president... which is why I brought up Obama. I thought that was obvious. So what don’t you like about those quarterly numbers?

 

[Madmick]

Well, like, duh.

That's been my whole point when you guys started this thread to begin with.

Even at the high end the growth figures aren't even close to covering the tax cuts let alone the revenue deficit, so what's really to brag about in the first place?

The shutdown has little to do with the Q4 numbers as 90% of the quarter was over before it even started.

"You guys"? Take off your retarded tribalist thinking cap. One person started this thread, and it wasn't me.

 

[Rational Poster]

"You guys"? Take off your retarded tribalist thinking cap. One person started this thread, and it wasn't me.

You were right along with them, so yeah if the shoe fits my dude.

 

[Madmick]

You were right along with them, so yeah if the shoe fits my dude.

This is why people think you're stupid. This was my only post ITT before today:

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.

I've posted plenty about my cynicism in Trump's economic management elsewhere, too.

 

[glenwo2]

Why was this thread bumped again?

 

[kpt018]

Well it’s a good thing I’m talking about the economy and not the president... which is why I brought up Obama. I thought that was obvious. So what don’t you like about those quarterly numbers?

Ok. Why are you asking me if I have a problem with high growth? I already said it’s good for the economy which is good for just about everyone.

 

[Ophydian]

Why was this thread bumped again?

Because Trump had a good quarter and the lemmings went bonkers jerking off to tax cuts and Trumps masterful business acumen, meanwhile deficit is still $2 trillion and Trump is wanting to spend more money (wall/infrastructure) and cut even more taxes.

 

[kpt018]

I've posted plenty about my cynicism in Trump's economic management elsewhere, too.

Why is Trump the only one on the hook for the tax cuts bill? Maybe you’ve criticized the GOP and I didn’t see it but they’re more on the hook for the impacts than Trump is imo.