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Economics Discuss U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump at the Political Forums; Jobless claims down, likewise the unemployment rate continues its decline, the European Union shows up hat in hand to negotiate ...

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Old 07-28-2018, 09:18 AM
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Default U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

Jobless claims down, likewise the unemployment rate continues its decline, the European Union shows up hat in hand to negotiate a trade deal avoiding a tariff war, NAFTA is being renegotiated with US interests at the forefront, on top of this avalanche of good news the GDP growth rate has hit heights not seen since 2014.

Quote:
The U.S. economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014, letting President Donald Trump claim a win for his policies even though expansion is projected to cool.

The annualized rate of gains in gross domestic product was just shy of the 4.2 percent median forecast in a Bloomberg survey. It followed first-quarter growth of 2.2 percent that was revised from 2 percent, the Commerce Department reported Friday. Consumer spending grew 4 percent, more than estimated, while nonresidential business investment climbed at a 7.3 percent clip.
But wait, it's not really good news the economy is going to cool down, it has to cool down. No matter what the Resistance media must generate stories projecting another disastrous Trump failure.

https://www.google.com/amp/s/www.blo...-win-for-trump
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Old 07-29-2018, 11:50 AM
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Default Re: U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

But President Obama and his expert economic team declared that 3% GDP growth was a thing of the past. That 2-2.5% GDP growth is all that can be expected in the future.
Since they believed that, is it fair to say that this is President Trump's economy and not a holdover from the Obama presidency?

Personally, I actually think that the House and Senate have a lot more impact on the economy than the President does. When you have the House and Senate working in concert together they can write laws that are either beneficial or detrimental to economic activity. A cooperative presidency just makes it easier.
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Old 07-30-2018, 04:12 AM
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Default Re: U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

Quote:
Originally Posted by Bat View Post
But President Obama and his expert economic team declared that 3% GDP growth was a thing of the past. That 2-2.5% GDP growth is all that can be expected in the future.
Since they believed that, is it fair to say that this is President Trump's economy and not a holdover from the Obama presidency?

Personally, I actually think that the House and Senate have a lot more impact on the economy than the President does. When you have the House and Senate working in concert together they can write laws that are either beneficial or detrimental to economic activity. A cooperative presidency just makes it easier.
Obama's team effected an amazing economy even in the face of every effort by republicants to thwart him.
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Old 07-30-2018, 08:39 AM
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Default Re: U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

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Originally Posted by AZRWinger View Post
Jobless claims down, likewise the unemployment rate continues its decline, the European Union shows up hat in hand to negotiate a trade deal avoiding a tariff war, NAFTA is being renegotiated with US interests at the forefront, on top of this avalanche of good news the GDP growth rate has hit heights not seen since 2014.

Quote:
The U.S. economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014, letting President Donald Trump claim a win for his policies even though expansion is projected to cool.

The annualized rate of gains in gross domestic product was just shy of the 4.2 percent median forecast in a Bloomberg survey. It followed first-quarter growth of 2.2 percent that was revised from 2 percent, the Commerce Department reported Friday. Consumer spending grew 4 percent, more than estimated, while nonresidential business investment climbed at a 7.3 percent clip.
But wait, it's not really good news the economy is going to cool down, it has to cool down. No matter what the Resistance media must generate stories projecting another disastrous Trump failure.

https://www.google.com/amp/s/www.blo...-win-for-trump
Always remember the Old Saying:

Figures never lie but liars figure.

President Trump loves to tout the economy since taking office but what seems to get lost is that Trump hasn't done anything to change the economy since taking office. Even the GOP tax cuts have failed to deliver because the permanent corporate tax cuts have not resulted in the projected reinvestments in corporations that the GOP claimed would happen.

So what about a one-quarter 4.1% GDP growth rate? Let's pause for a second and review the quarterly GDP reports of over 4% from the past administration for comparative purposes.

Jun 30, 2015 4.46%
Mar 31, 2015 4.95%
Dec 31, 2014 4.33%
Sep 30, 2014 5.21%
Jun 30, 2014 4.71%
Dec 31, 2013 4.31%
Sep 30, 2012 4.11%
Jun 30, 2012 4.28%
Mar 31, 2012 4.83%
Dec 31, 2010 4.56%

We can also look at unemployment rates for comparative purposes.

Oct 2010 Unemployment rate 10%
Jan 2017 Unemployment rate 5%
Net change in unemployment rate -5%

Feb 2017 Unemployment rate 4.9%
Jun 2018 Unemployment rate 4.0%
Net change in unemployment rate -0.9%

As for the EU showing up to make a trade deal there wasn't any trade deal made. All that happened was the Trump backed off on his tariffs with the EU after the EU presented some information on previous negotiations with the Obama administration on changes that would be acceptable. Trump can't negotiate a trade deal with the EU because Trump doesn't know anything about foreign trade.

Trump's trade deal with the EU had all of the markings of his denuclearization deal with North Korea. Trump ignored all of his advisors and ended joint military exercises with South Korea (because Vladimir Putin "asked" him to) while North Korea agreed to nothing and is expanding it's nuclear weapons and missile technology. The only accomplishment Trump could claim is that Trump stopped threatening North Korea with war and that's ended the threat of war with North Korea.


Trump's very good at dropping out of agreements and claiming he's going to negotiate a new agreement but that's not happening.

Trump dropped out of the Trans Pacific Partnership claiming he'd renegotiate a trade deal. Not happening because none of the nations are willing to renegotiate.

Trump dropped out of the Paris Climate Accord claiming he'd renegotiate that climate agreement. Not happening because none of the nations are willing to renegotiate.

Trump dropped out of the Joint Comprehensive Plan of Action (JCPOA - a nuclear agreement with Iran between the UN Security Council) claiming he'd renegotiate that deal. Not happening because no one, including Iran, wants to negotiate anything with Donald Trump.

Trump claimed he'd negotiate an end to the Israeli-Palestinian conflict and then moved the US embassy to Jerusalem that ended any hope of resolving that conflict.

Trump claims to be renegotiating NAFTA with Canada and Mexico but he's up against a brick wall. He want's individual agreement with each nation but Mexico and Canada are standing firm that it must be a trilateral agreement for it to work. Trump would even have a hard time obtaining a "fair" trade deal with Canada because he'd have to give away something. We have a trade surplus with Canada (not a deficit as Trump falsely claimed) and we impose more tariffs on Canada than Canada imposes on the US. So what's Trump going to give to Canada to make it a fair deal for Canada?

No one can actually find evidence of Trump being a good negotiator and he's certainly failed at every opportunity since taking office. Trump supporters can't even point to anything Trump's done that would result in a better economy than what he inherited from the Obama Administration.
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Last edited by ShivaTD; 07-30-2018 at 08:45 AM..
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Old 07-30-2018, 09:03 AM
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Default Re: U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

Quote:
Originally Posted by Bat View Post
But President Obama and his expert economic team declared that 3% GDP growth was a thing of the past. That 2-2.5% GDP growth is all that can be expected in the future.
Since they believed that, is it fair to say that this is President Trump's economy and not a holdover from the Obama presidency?

Personally, I actually think that the House and Senate have a lot more impact on the economy than the President does. When you have the House and Senate working in concert together they can write laws that are either beneficial or detrimental to economic activity. A cooperative presidency just makes it easier.
Quote:
Between 2016 and 2026, the U.S. Bureau of Labor Statistics (BLS) projects the economy to grow by 2.0 percent each year, on average.
https://www.bls.gov/careeroutlook/20....htm?view_full

The Obama Administration was citing the Bureau of Labor Statistics projections on GDP growth.

Donald Trump was pulling numbers from his rectal cavity.

Which method is going to be more accurate?
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"I always had a rule, if the White House is dirty on the inside, it's dirty on the outside." ShivaTD

Based upon the corruption, brutality, inhumanity, immorality, dishonesty, and incompetence of the Trump administration the White House is the dirtiest house in America and there's no known cleanser that with remove the stains of the Trump Administration.
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Old 07-30-2018, 08:15 PM
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Default Re: U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

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Originally Posted by saltwn View Post
Obama's team effected an amazing economy even in the face of every effort by republicants to thwart him.
So President Obama and team that declared 2-2.5 GDP growth is the best that can be accomplished is getting credit from you for a 4.1% GDP growth almost 2 years after President Obama has left office.
You appear delusional.
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Old 07-30-2018, 11:25 PM
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Default Re: U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

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Old 07-31-2018, 09:46 AM
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Default Re: U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

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Originally Posted by saltwn View Post
Oh please, more spam you can't explain. If you are too lazy or confused to even summarize Ugar and company's class warfare, Trump hate in your own words why in the world would you offer them up as discussion?
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Old 07-31-2018, 03:05 PM
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Default Re: U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

Quote:
Originally Posted by ShivaTD View Post
https://www.bls.gov/careeroutlook/20....htm?view_full

...

Donald Trump was pulling numbers from his rectal cavity.

...
you got that right
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Old 07-31-2018, 03:08 PM
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Default Re: U.S. Growth Hits 4.1%, Fastest Since 2014, in Win for Trump

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Originally Posted by Bat View Post
So President Obama and team that declared 2-2.5 GDP growth is the best that can be accomplished is getting credit from you for a 4.1% GDP growth almost 2 years after President Obama has left office.
You appear delusional.
the economic growth under obama was not 2%; it grew from minus to over 4.4%. trump is a liar, the gdp may be 4.1 but it isnt the highest, even recently. 2014 was more than that
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