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Old Yesterday, 08:13 AM
 
Location: Home, Home on the Front Range
22,923 posts, read 16,321,536 times
Reputation: 12843

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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
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Old Yesterday, 08:59 AM
 
15,527 posts, read 4,110,381 times
Reputation: 11172
5.5% decline in business investment! That is quite massive and goes right along with the manufacturing (purchasing manager, etc.) low numbers.

Of course, GDP and all that means nothing to the 3/4 or more of Americans who are not making it....or just barely doing so.

Nothing has changed...except perhaps that the long term prognosis is worse than ever. Even investors like myself have made almost nothing since Trump signed his great "tax reform" and started messing with tariff and trade threats.

I guess his definition of "winning so much you will get tired of winning" differs from mine.
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Old Yesterday, 03:37 PM
 
Location: Ohio
20,017 posts, read 14,288,665 times
Reputation: 16180
Quote:
Originally Posted by TigerLily24 View Post
Not so hot.

As I've often stated, I don't believe an advanced mature 4th Level Economy is capable of growth in excess of 3%, so it's no surprise to me.
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Old Yesterday, 03:38 PM
 
Location: Florida
22,453 posts, read 9,541,017 times
Reputation: 18318
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
But, but, but the record-breaking economy! Not.
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Old Yesterday, 03:41 PM
 
1,833 posts, read 464,320 times
Reputation: 1651
Economists have been saying that 3% annual growth is impossible...but who cares, Trump knows everything.
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Old Yesterday, 03:42 PM
 
1,292 posts, read 290,121 times
Reputation: 1384
Mueller's fault. Witch Hunt. Obama's fault. Hillary's fault. AOC/Mod Squad's fault. Chuck and Nancy. No obstruction, no collusion. Fed's fault. Blame Mexico. Caravans on the way. No collusion.
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Old Yesterday, 03:42 PM
 
45,682 posts, read 18,105,452 times
Reputation: 19089
Quote:
Originally Posted by Enigma777 View Post
But, but, but the record-breaking economy! Not.
but but but Yes.
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Old Yesterday, 03:44 PM
 
Location: In the desert
2,698 posts, read 1,973,144 times
Reputation: 1302
If Trump tells his base something completely different than the numbers show, they will believe him over the evidence right in front of them.
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Old Yesterday, 03:44 PM
 
45,682 posts, read 18,105,452 times
Reputation: 19089
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).
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Old Yesterday, 03:46 PM
 
45,682 posts, read 18,105,452 times
Reputation: 19089
Quote:
Originally Posted by sindey View Post
If Trump tells his base something completely different than the numbers show, they will believe him over the evidence right in front of them.
Trump's base knows what Trump said. Don't need you to make up nonsense. But it's clear that you didn't read that article.



From that very article.
GDP gains in the first two years of his presidency, though, did top the expansion’s 2.3% average.

Burnt


/thread
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