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Old 11-29-2017, 07:41 AM
 
Location: Austin
15,640 posts, read 10,398,506 times
Reputation: 19549

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The Associated Press
@AP
U.S. economy grew at an annual pace of 3.3 percent from July through September, the fastest in three years.

https://mobile.twitter.com/AP/status/935866207345041408
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Old 11-29-2017, 07:43 AM
 
Location: Florida
76,971 posts, read 47,659,569 times
Reputation: 14806
Good. No need for Trump-Tax then. I was worried about the tax hikes he had planned for people like me.

Fastest in three years, because three years ago the 3rd qt was over 5%.
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Old 11-29-2017, 07:49 AM
 
Location: Long Island, NY
19,792 posts, read 13,956,603 times
Reputation: 5661
Quote:
Originally Posted by texan2yankee View Post
The Associated Press
@AP
U.S. economy grew at an annual pace of 3.3 percent from July through September, the fastest in three years.

https://mobile.twitter.com/AP/status/935866207345041408
First, that means that three years ago, the economy had a quarter that was faster growth, which undercuts Trump's brag that his growth is better than Obama's. The reality is that quarterly growth goes up and down.

Second, this is a bit like Schrödinger's cat -- the economy is strong but the economy is weak, so we need tax cuts.

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Old 11-29-2017, 07:53 AM
 
13,694 posts, read 9,016,074 times
Reputation: 10417
Quote:
Originally Posted by MTAtech View Post
First, that means that three years ago, the economy had a quarter that was faster growth, which undercuts Trump's brag that his growth is better than Obama's. The reality is that quarterly growth goes up and down.

Second, this is a bit like Schrödinger's cat -- the economy is strong but the economy is weak, so we need tax cuts.
Well put. It does seem that the Republicans fully employ cognitive dissonance (for those in Rio Linda, the ability for a person to have two conflicting beliefs at once; rather common in schizophrenic people).
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Old 11-29-2017, 07:56 AM
 
Location: Austin
15,640 posts, read 10,398,506 times
Reputation: 19549
Will the press talk about trump's successful results in such a short time with the economy, rising blue collar wages, low unemployment rate and a record consumer confidence index or continue to focus on BS like his tweets and Matt Lauder?

I suspect the latter.
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Old 11-29-2017, 07:57 AM
 
Location: Florida
76,971 posts, read 47,659,569 times
Reputation: 14806
Quote:
Originally Posted by texan2yankee View Post
Will the press talk about trump's successful results in such a short time with the economy and a record consumer confidence or continue to focus on BS like his tweets and Matt Lauder?
Trump is focused on Lauder.

I guess its good he is busy tweeting and golfing, because the country seems to run better when he stays out of things.
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Old 11-29-2017, 08:01 AM
 
Location: Long Island, NY
19,792 posts, read 13,956,603 times
Reputation: 5661
Quote:
Originally Posted by texan2yankee View Post
Will the press talk about trump's successful results in such a short time with the economy, rising blue collar wages, low unemployment and a record consumer confidence index or continue to focus on BS like his tweets and Matt Lauder?

I suspect the latter.
It's no different than the Trump tax-cuts: In reply to criticism that the tax-cuts will blow up the debt, they say, 'well, the middle class tax-cuts expire, so more revenue will be coming in.'

In reply to criticism that middle class tax-cuts will expire raising taxes on the middle class, they say, 'future Congresses will extend them.'

They can't both be true. If future Congresses will extend them, then they blow up the debt more than the added $1.5 trillion (plus what is already scheduled to be added to the debt.) If Congresses doesn't extend them the middle class gets a tax increase.
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Old 11-29-2017, 08:02 AM
 
Location: Kansas City, MISSOURI
20,872 posts, read 9,550,882 times
Reputation: 15598
Quote:
Originally Posted by texan2yankee View Post
The Associated Press
@AP
U.S. economy grew at an annual pace of 3.3 percent from July through September, the fastest in three years.
Here we go again! Guess who was president three years ago?
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Old 11-29-2017, 08:05 AM
 
Location: Out in the Badlands
10,420 posts, read 10,834,015 times
Reputation: 7801
Amazing an administration that has a concept of how businesses/economies operate. As opposed to Barry Marx that we had for 8 long years.
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Old 11-29-2017, 08:07 AM
 
Location: In The Thin Air
12,566 posts, read 10,623,896 times
Reputation: 9247
Quote:
Originally Posted by Pretzelogik View Post
Amazing an administration that has a concept of how businesses/economies operate. As opposed to Barry Marx that we had for 8 long years.
Barry Marx? Another poster that has no clue what socialism or communism are.


Do you hear that echo? That is the sound of Infowars, Fox News and Limbaugh running through your mind.
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