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Some things never change. You know you lost the argument when you name call and belittle. Throw Hitler in their for the grand slam
This doesnt answer the question.
He said democrats dont know about economic growth-how can that be when then most innovative and economically dynamic places in the nation are overwhelmingly democratic?
From what I have read, the number is expected to be excellent, which I, as all reasonable people, will rejoice in.
However, as various economists have stated, such is to be expected with the corporate tax cuts, buybacks, etc. The question is: what will the GDP numbers look like in the following quarters. Hopefully, they will remain good.
Of note on yearly revisions, from the link:
"For 2017, real GDP growth was revised down 0.1 percentage point. A downward
revision to PCE, an upward revision to imports, and downward revisions to state and
local government spending and exports were partly offset by upward revisions to
inventory investment, nonresidential fixed investment, residential investment, and
federal government spending."
2012 GDP growth was unrevised
2013 was revised up 0.1%
2014 was revised down 0.1%
2015 was unrevised
2016 was revised up 0.1%
From what I have read, the number is expected to be excellent, which I, as all reasonable people, will rejoice in.
However, as various economists have stated, such is to be expected with the corporate tax cuts, buybacks, etc. The question is: what will the GDP numbers look like in the following quarters. Hopefully, they will remain good.
Far, far more important is what median hourly wages have looked like in the past years and in the coming quarters. GDP growth is meaningless for the average Joe. Thats why the corporate media almost exclusively focus on it.
I made $3000 in one quarter on a deferred compensation account when my previous earnings ran more in the $500-$700 range, if that. Another success for President Trump.
Except that it has put us back on the road to trillion dollar deficits maybe as early as next year, so no, not true
Obama gave you trillion dollar deficits for 6 out of 8 years.... and not one complaint from the fascist liberals
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