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GDP. Growth hits 4.1%

Discussion in 'American Politics' started by hislegacy, Jul 27, 2018.

  1. hislegacy

    hislegacy A child at 20 weeks

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  2. brinny

    brinny everlovin' shiner of light in dark places Supporter

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    Stellar!

    Thank you Mr. President!
     
  3. wing2000

    wing2000 E pluribus unum Supporter

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    ....wow, we'll have a balanced budget this year right?
     
  4. Aryeh Jay

    Aryeh Jay Veteran Supporter

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    It is good to see things going up.



    Inflation 2018

    Jan 2.1%

    Feb 2.2%

    Mar 2.4%

    Apr 2.5%

    May 2.8%

    June 2.9%
     
  5. chuckpeterson

    chuckpeterson Well-Known Member Supporter

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    GDP. Growth hits 4.1%

    This had nothing to do with Trump; nata, zip, zero
    This growth was in spite of Trump, not because of him.
    But wait, he can still crash the stock market and get us into another war.

    He has over two (2) more years to do it and knowing Trump; he will succeed at it.
     
  6. essentialsaltes

    essentialsaltes Stranger in a Strange Land

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    Eh, maybe the tax cut gave a shot in the arm to the economy. But let's see how that irresponsible legislation turns out in the long run.
     
  7. Nithavela

    Nithavela Killin' time livin' with it

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    Spending the money of the next few generations to raise the GDP in the short term isn't exactly impressive.
     
  8. Arcangl86

    Arcangl86 Newbie

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    The 2nd quarter GDP hit 4%, which while good is not the same thing as the yearly GDP increasing by 4% which is what Jeb was mocked for promising.
     
  9. essentialsaltes

    essentialsaltes Stranger in a Strange Land

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    Let's see if he can hit 5%, like Obama did in Q2 2014.
     
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  10. Aryeh Jay

    Aryeh Jay Veteran Supporter

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    Did you really mean to say when the Republican controlled House enacted all their positive growth legislation to boost the economy that Obama was trying to sabotage?
     
  11. ananda

    ananda Early Buddhist

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    Issue #1. The numbers were just fudged/rigged:

    [​IMG]

    Issue #2: Growth is not a good thing.
     
  12. hislegacy

    hislegacy A child at 20 weeks

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    Of course he didn’t. Reversing all the Obama restrictions, changing corporate tax and giving 90% of the working population a tax break had nothing to do with it.
     
  13. TLK Valentine

    TLK Valentine You will be who you will be. We are our choices.

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    Actually, Obama achieved a 5.2 percent GDP in Q2 of 2014.
     
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  14. Vylo

    Vylo Stick with the King!

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    Obama achieved over 4.1 % growth 3 times just since 2011 during his term. So we've experienced better under Obama. Reagan had over 14% growth in a quarter, Clinton had over 7%.

    Quarterly wise, Trump has failed to impress. but then again quarterly is a pretty short term metric, annual will be a bit more interesting to look at.
     
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  15. chuckpeterson

    chuckpeterson Well-Known Member Supporter

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    Trump's tax breaks for the rich was "permanent" while the tax cuts for the working class was a one year tip.

    Then we have all the other great things Trump has done---

    Trump admires the “ruler” of Russia and North Korea because they will remain in power for life. He sees himself as a “ruler” & during his second term in office he will abolish the two-term limit and appoint himself as the prime master leader; for life, a power he believes he can pass on to his children,

    Setting that aside for a moment I have this to refresh your memory about Trump-----------

    ----Donald Trump's greatest achievements---- (to date)

    Trump revokes background checks to buy guns
    NEWS FEB 28 2017, 8:39 PM ET

    Trump Signs Bill Revoking Obama-Era Gun Checks for People With Mental Illnesses

    President Donald Trump quietly signed a bill into law Tuesday rolling back an Obama-era regulation that made it harder for people with mental illnesses to purchase a gun.
    https://tinyurl.com/ycz7qp4j

    WASHINGTON — The Trump administration on Monday rejected an Obama-era plan to make automobiles more fuel efficient, opening up a long process to weaken current standards and putting California and the federal government on a collision course over vehicle emissions.
    https://www.nytimes.com/reuters/2018/04/02/world/asia/02reuters-usa-epa-autos.html

    Trump sons' hunting in focus as US lifts import ban on African elephant
    trophies

    The Trump administration’s decision to loosen restrictions around the import of elephant trophies from Zimbabwe and Zambia has turned attention back to the president’s family’s own connection to the controversial sport.

    Donald Trump Jr and Eric Trump are prolific big-game hunters and during the 2016 campaign, images re-emerged of the pair on a 2011 hunting trip posing with animals they had killed on safari, including an elephant, a buffalo and a leopard.
    https://twitter.com/J_Rob66/status/759613555825975296/photo/1

    Washington (CNN)President Donald Trump again called for an end to the filibuster and said there will be no deal with Democrats on the Deferred Action for Childhood Arrivals, also known as DACA.

    "Border Patrol Agents are not allowed to properly do their job at the Border because of ridiculous liberal (Democrat) laws like Catch & Release. Getting more dangerous. 'Caravans' coming. Republicans must go to Nuclear Option to pass tough laws NOW. NO MORE DACA DEAL," Trump tweeted Sunday morning.
    https://www.cnn.com/2018/04/01/politics/trump-no-more-daca-deal/index.html

    Trump’s lies
    With just 10 days before he finishes his first year as president, Trump has made 2,001 false or misleading claims in 355 days, according to our database that analyzes, categorizes and tracks every suspect statement uttered by the president. That’s an average of more than 5.6 claims a day.
    https://tinyurl.com/yawy45sj

    Wow, Trump's pockets are stuffed with cash by doners who just love da trumpit
     
  16. hislegacy

    hislegacy A child at 20 weeks

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    Can’t get past this first one.

    I am the working class. The tax cut goes well past this one year.

    I am the working class, the savings from the local electric company because of the tax cuts go well past this one year

    I am the working class my class, my daughters pay jumping to 12.00 an hour at Walmart because of the tax cuts go well past one year.

    I am the working class and my COL bonus went up 26% because of the tax cuts. And it goes well past this one year.

    I am the working class and I don’t believe your statement because I can see the tangible results.
     
  17. FreeinChrist

    FreeinChrist CF Advisory team Staff Member Site Advisor Supporter

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    Well, it may be due to increased buying before tariffs hit so it is related to Trump in a way. But....that means next quarter will not be so good.

    https://www.cnbc.com/2018/07/24/hot...artly-due-to-increased-activity-ahead-of.html

    Economists say expectations for strong second-quarter growth may have gotten slightly higher due to exports and inventory building that appears to have been done ahead of the onset of trade tariffs.....

    Diane Swonk, chief economist at Grant Thornton, said she believes inventory building will be a factor, and it could be the result of companies trying to get ahead of tariffs that went into effect in July or even in anticipation of future tariffs. In fact, she said, there are some anecdotal signs that automakers are moving inventories around, ahead of possible tariffs on auto imports threatened by Trump.

    "Putting numbers on it is really hard to do. There's going to be giveback at some point in time. It seems to be happening. there's no way to delineate how much it is," she said.

    Cummins said soybean exports surged in the quarter and were a large contributor to U.S. export growth. It appears that soybeans may have been purchased in a rush of activity before Chinese tariffs went into effect July 6.


     
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  18. FreeinChrist

    FreeinChrist CF Advisory team Staff Member Site Advisor Supporter

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    https://www.nationalreview.com/news/gdp-growth-trump-touts-4-percent-second-quarter/

    Initial estimates suggest that U.S. GDP grew at a 4.1 percent annualized rate in the second quarter of 2018, an assuredly positive development that economists suggest should nevertheless be tempered by a recognition of the impact of a shifting domestic political environment.

    The strong 4.1 percent estimate, released by The Bureau of Economic Analysis Friday, is largely the result of a one-time export surge fueled by firms eager to offload inventory before looming tariffs come into effect and foreign buyers equally happy to avert paying higher taxes on their purchases.

    Fearing the implementation of stiff tariffs on agricultural and industrial goods, foreign buyers drastically increased their purchases of American soy beans in the second quarter, bringing exports of the crop up more than 50 percent from last May and increasing top-line GDP numbers. Total exports increased 9.3 percent year-over-year, in large part due to the surge in soy-bean sales.​
     
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  19. Fantine

    Fantine Dona Quixote Supporter

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    Exactly how much of that 4.1% growth proceeds is going to everyday American workers--and how much is going to the 1%?

    The growth of the stock market sometimes even hurts everyday workers---as happened recently, when corporate tax cut proceeds were used NOT to hire new workers, NOT to give current workers any more than a "one time" bonus, NOT to keep factories from closing, NOT to bring back jobs to America, but, instead to BUY BACK STOCK. This artificially inflated prices, helping people who own stocks in sufficient amounts that it affects their bottom line, and hurting the parties the tax cut was "allegedly" (ahem, ahem) proposed to help.

    People will judge the economy not based on some esoteric statistic, but rather on how their lives have improved. Reduce income inequality.
     
  20. Allandavid

    Allandavid Well-Known Member

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    So, why all the excitement over a modest 4.1...?

    99FA8D75-1A10-47B5-B2FB-60ADD356EB6E.png

    271386EB-8A9D-47C8-BE76-0CEB6DD09D8A.png

    4.1 was exceeded 3 TIMES during Obama’s administration and it sits barely in a median position over the long term...

    Ho hum....
     
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