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Old Yesterday, 05:24 PM
 
39,342 posts, read 20,451,890 times
Reputation: 12824

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Quote:
Originally Posted by TigerLily24 View Post
Not so hot.

"President Donald Trump failed to achieve his much-ballyhooed 3% target for economic growth in 2018 after all.

Updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year. That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trumpís presidency.
...
Data for the second quarter of 2019, also released Friday, showed the economy expanded at a 2.1% annualized pace -- above the median projection -- following a 3.1% reading in the prior three months. GDP grew 2.3% in the second quarter from a year earlier, the slowest in two years."

https://www.bloomberg.com/news/artic...data-revisions
Think about it OP. During Obama's two terms there were so many people out of work it is easy to grow the economy and he still couldn't do it. Within 2 years of Trumps presidency the economy grew more than during Obama years.
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Old Yesterday, 05:28 PM
 
Location: In the desert
2,701 posts, read 1,974,273 times
Reputation: 1305
Quote:
Originally Posted by WaldoKitty View Post
Why is it that Trump haters like the OP also hate the United States even more? Cheer when there's any bad news (and this isn't).
Why is it that Trump supporters hate our country so much they are perfectly fine with a president who obviously welcomes Russian interference in our elections? I get it as long as the numbers look good,right?
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Old Yesterday, 07:49 PM
 
Location: Unperson Everyman Land
30,509 posts, read 20,162,418 times
Reputation: 8409
Quote:
Originally Posted by craigiri View Post
My other threads started with 40% National.

I know it is 46% in Florida (I volunteer there - some with these population).

Another poster put up a figure of 78% that are living month to month.

Therefore I threw them all out there. A good guess is about 1/2 of all Americans.

Once again, the tendency of certain people to "blame it on the poor" is evident. This has been going on in this country since long ago. Nothing new.

It seems people forget about those "little nuances" like the Great Recession which the vast majority of these people had zero to do with and yet stripped opportunities from millions in various ways!

The same goes for many policies. Education is cut while corporations and billionaire get tax cuts.

THEN, folks like you state that everyone has opportunity. They do. To win the lottery if they play. But the actual results - 100 million plus of your Fellow Americans having financial insecurities (health care or retirement or even paying the bills each month) is an indication of something.

The unemployment myth is broken just as the trickle down one was. Unemployment is "low" by all normal measurements but wages have not increased as they should. The Employer is, as always, setting the tune. They may have to pay $11 an hour instead of $8 an hour, but when you drown it doesn't matter whether you drown in 8 feet of water or 200. Not a bit.
Real wages are increasing faster than they have in a decade (3.7%) with the lowest wage earners seeing the most increase.

The fact that you are not celebrating this fact, or even seem to know, shows that you really don't care about these people or what happens to them.

https://www.marketwatch.com/story/at...ing-2019-03-08
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Old Yesterday, 07:56 PM
 
1,842 posts, read 465,355 times
Reputation: 1652
Quote:
Originally Posted by petch751 View Post
Think about it OP. During Obama's two terms there were so many people out of work it is easy to grow the economy and he still couldn't do it. Within 2 years of Trumps presidency the economy grew more than during Obama years.
"....so many people out of work it is easy to grow the economy...."

That doesn't make sense. Can you clarify?

"....and he still couldn't do it...."

He did.....he handed Trump a 4.4% unemployment rate with similar growth like Trumps....because it's a continuation of Obama's economy! Majority of job growth happened under Obama.

I don't understand how you guys get collective amnesia so easily after government power exchanges hands.
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Old Yesterday, 08:12 PM
 
Location: SE Arizona - FINALLY! :D
19,879 posts, read 22,827,861 times
Reputation: 7192
Quote:
Originally Posted by Eli34 View Post
"....so many people out of work it is easy to grow the economy...."

That doesn't make sense. Can you clarify?

"....and he still couldn't do it...."

He did.....he handed Trump a 4.4% unemployment rate with similar growth like Trumps....because it's a continuation of Obama's economy! Majority of job growth happened under Obama.

I don't understand how you guys get collective amnesia so easily after government power exchanges hands.
And the Labor Force Participation Rate - which the RWNJs on this board repeatedly claimed proved the Obama economy was poor because it was at lows not seen in decades - is STILL exactly where it was when Obama left office. So obviously the Trump economy is also "poor".

https://data.bls.gov/timeseries/LNS11300000

Ken
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Old Yesterday, 08:58 PM
 
38,412 posts, read 15,038,056 times
Reputation: 24777
The payday loan tax windfall for corporations juiced the stock market for a short time, but that's about it.

Everything else is just been moving along the same trend lines. Except that every once in a while there's some news like rail transport numbers are down, federal deficit doubling, or new vehicle sales are shaky, or ...

No news like 5% GDP growth.
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Old Today, 04:11 AM
 
10,696 posts, read 10,898,226 times
Reputation: 5273
Quote:
Originally Posted by petch751 View Post
Think about it OP. During Obama's two terms there were so many people out of work it is easy to grow the economy and he still couldn't do it. Within 2 years of Trumps presidency the economy grew more than during Obama years.
Fake news. Obama's economy was solid when Trump inherited it unlike the bush mess. Trump has merely continued Obama's solid job

https://www.barrons.com/articles/tru...st-51564235889
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Old Today, 04:12 AM
 
10,696 posts, read 10,898,226 times
Reputation: 5273
Quote:
Originally Posted by momonkey View Post
Real wages are increasing faster than they have in a decade (3.7%) with the lowest wage earners seeing the most increase.

The fact that you are not celebrating this fact, or even seem to know, shows that you really don't care about these people or what happens to them.

https://www.marketwatch.com/story/at...ing-2019-03-08
While GDP revises downward. Meager wage growth won't mean much when we are in a recession during the next election

Don't recall Trump hitting the quarterly GDP growth of 5.1% that Obama hit in 2014
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Old Today, 04:13 AM
 
2,871 posts, read 1,423,287 times
Reputation: 3244
Quote:
Originally Posted by Lets_go_hawks View Post
If one quarter at 2.2% is bad then what describes Obama's last 6 quarters where the average was 1.5%?
Lol yeah great point!
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Old Today, 04:50 AM
 
38,412 posts, read 15,038,056 times
Reputation: 24777
Q2, 2014 - 5.1%
Q3, 2014 - 4.9%


https://www.statista.com/statistics/...gdp-in-the-us/

FYI, this was without a payday loan tax giveaway to the rich to juice the economy.

Trump claims of GDP growth of "4, 5, and maybe even 6%" appear to be overly optimistic.
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