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I think this year will be a deciding factor on how Trump’s decisions affect our economy and his future going into 2020
Do the tariff wars with China end with good results for US.? US farmers have been paying a high price, they can’t continue that for another year without real results in their pockets.
Does the national debt keeps increasing at the current rate which has increased since the tax cuts.
Do the market and economy ramp up or contract.
Those will be important things to follow this year and early 2020
Will more or less people have full access to health care services?
Will the deficit increase or be over a Trillion dollars?
Will our infrastructure improvements - the overdue ones - be well underway?
Will our life spans, infant mortality and maternal mortality reflect a positive change?
I repeat this too much - but when you pay higher costs for health care, when the military is over-funded with money from deficit, when tax cuts are given (and spent) from debt....and then anything and everything cost YOU more, guess what???
GDP increases.
More car accidents? More injured people getting health services, more insurance premiums, more replacement car sales, more police and EMS overtime = MORE GDP.
I can see why you didn't cherry-pick 2013, because that was only 1.8% GDP.
And, I can see why you didn't cherry-pick 2016, because that was only 1.6% GDP.
We have only 2 Trump years to choose from, and 8 Obama years.
The 2 Trump years so far have been nothing different than 2 of Obama's years.
The point was to prove that those 2 Trump years are no different than 2 Obama years. And that's exactly what I did prove.
We don't know what Trump's future years might be. For all we know this year or next will be 1.6%. If it's 4% you can come back and revisit this thread and say I told you so. But even then that would still only be 3 years compared to Obama's 8.
That's just WAPO's slanted reporting. It is not a sign of a slowdown.
Did WAPO run the same headlines when the Obaconomy dropped from 2.9% to 1.6%?
Nope.
If you're blaming the WaPo for reporting something the Bureau of Economic Analysis calculated and reported, you're desperately looking for someone to blame.
Here is the BEA release, which says exactly the same thing the WaPo said:
Real gross domestic product (GDP) increased at an annual rate of 2.2 percent in the fourth quarter of 2018 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.
The GDP estimate released today is based on more complete source data than were available for the "initial" estimate issued last month. In the initial estimate, the increase in real GDP was 2.6 percent.
Got that? It was revised down. And yes, any time GDP was revised down under Obama, the WaPo reported the same thing.
Great quarter! Best year since 2015. Tell me again. Who was president in 2015?
and in 2015 they didn't need a trillion dollars in tax cuts to get to 2.9%, we gave up a lot for what looks like a one time bump. A cut in corporate taxes of over 20% in some cases and this was all we got.
Obama inherited a negative growth rate and turned it up to the level that Trump is bragging about. Trump inherited a growing economy, could not improve on the rate of growth, and is now managing to drive it into reverse. A recession is on the way.
Will more or less people have full access to health care services?
Will the deficit increase or be over a Trillion dollars?
Will our infrastructure improvements - the overdue ones - be well underway?
Will our life spans, infant mortality and maternal mortality reflect a positive change?
I repeat this too much - but when you pay higher costs for health care, when the military is over-funded with money from deficit, when tax cuts are given (and spent) from debt....and then anything and everything cost YOU more, guess what???
GDP increases.
More car accidents? More injured people getting health services, more insurance premiums, more replacement car sales, more police and EMS overtime = MORE GDP.
Agreed. GDP is fairly meaningless. It doesn't measure quality.
An Economy the size of the US... a 3.1-3.5% growth rate is outstanding.
A better indicator of the economy is the Unemployment rate is about zero for people who actually want jobs, wages are rising, food stamps are dropping....
and Democrats are rooting for the economy to go to chit so Trump won't be successful.
What about 2.9%? Not "outstanding" according to our President - although those comments were from when he didn't own the number. I somehow suspect he'd sing a different tune today....
Will more or less people have full access to health care services?
Who cares?
If you want more affordable healthcare, then lobby your State legislatures, not the federal government.
Your States enacted "enabling laws" allowing hospitals to operate as monopolies and cartels which illegally collude to illegally fix medical costs higher than they should be, not the federal government.
Switzerland specifically prohibits hospital monopolies and encourages competition, the US protects hospital monopolies and discourages competition.
If you want a healthcare system like Europe, then you need to do what Europe does, and Europe doesn't allow monopolies (except for Britain, Sweden, Portugal and Spain which are the only four Euro-States with national health systems).
You moan and groan over oil monopolies (which don't even exist) until you fall over backwards frothing at the mouth and defecating yourself, but when it comes to hospital monopolies, you go hide in the deepest hole you can find.
And then you have the unmitigated gall to complain healthcare costs too much.
Quote:
Originally Posted by craigiri
Will the deficit increase or be over a Trillion dollars?
Who cares?
Quote:
Originally Posted by craigiri
Will our infrastructure improvements - the overdue ones - be well underway?
According to the American Society of Civil Engineers, you'll need $1.7 TRILLION to bring the grade of "D" up to a "C".
That's just for the federal highway system, not State, county and city roads and bridges, which is estimated at $3.1 TRILLION.
How do you plan on doing that without deficits? Sorry, taxes aren't going to generate that much.
Quote:
Originally Posted by craigiri
Will our life spans, infant mortality and maternal mortality reflect a positive change?
Your life spans are shorter due to gang violence, drug violence and Life-Style, not your healthcare system.
The best hospital system on Earth isn't going to fix somebody who got shot through the head.
Your infant mortality and maternal mortality also have to do with Life-Style, and the fact that you calculate infant mortality different than other foreign States do.
Read and weep what your own CDC has to say on the matter:
Source: US Centers for Disease Control
"If the United States had Sweden’s distribution of births by gestational age, nearly 8,000 infant deaths would be averted each year and the U.S. infant mortality rate would be one-third lower."
Note the cause of the "high" infant mortality rate.... "The main cause of the United States' high infant mortality rate when compared with Europe is the very high percentage of preterm births in the United States."
Universal healthcare will not affect infant mortality rate, but changing the methodology used will change it.
Obama had the FED handing out essentially interest free loans for years-and still didn't match the growth under Trump-in SPITE of 2 years of interest rate increases. Obama "bought" his growth with government handing out money to people that didn't earn it. Trump's economy grew when the government took less of what people DID earn.
Obama did not have the Fed handing out anything. The Fed is independent; this independence infuriates Trump.
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