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even after being sworn in Trump is on the record saying he can do it.. 4, 5, 6 %
yet 3.1% is already gone...
(of course anyone with half a brain understands Trump was lying , the man lies about everything in order to make it seem trivial when he tells important lies...)
even after being sworn in Trump is on the record saying he can do it.. 4, 5, 6 %
yet 3.1% is already gone...
(of course anyone with half a brain understands Trump was lying , the man lies about everything in order to make it seem trivial when he tells important lies...)
Yeah, Trump was NEVER going to hit a 6%, or 5%, or 4% yearly GDP growth rate.... he's probably not even going to hit 3% (though it's possible that the 2018 number could yet be revised upward). This year however looks none-too-promising.
The fact that he was Black doesn't make him the "worst President". I can only conclude THAT is why you made your claim because Obama's economic numbers are pretty decent - especially when you consider what the situation was when he came into office. If Obama had been a White Republican you folks would be bragging (as you should be) about his economic numbers.
Obama left Trump an economy humming along with decent growth, low inflation and and a steady increase in jobs every year. In fact, more jobs were created in Obama's last 2 years than were created by Trump in the last 2 years - so job creation has fallen under Trump compared to what Obama left him with.
Ken
It damned well BETTER have been in the positive every year after that: it cost us $5 trillion to buy that 2% GDP!!!
It damned well BETTER have been in the positive after that: it cost us $5 trillion to buy that 2% GDP!!!
Did you expect it to happen for FREE?
Virtually EVERY aspect of the economy was falling apart when Bush left office. It was the largest economic crises and deepest collapse since the Great Depression - a HUGE MESS.
THAT is what Obama had to deal with.
Ken
Last edited by LordBalfor; 03-03-2019 at 11:15 PM..
It's 2.9% after the numbers were adjusted as data came in. That is the same as Obama did in 2015 in spite of trillions of dollars handed out to the rich that the GOP promised would push up GDP to new highs. Not only that but consensus predictions are for 1.1% max growth for the rest of Trump's term and a 50/50 chance of recession. So bottom line: no better than Obama and getting much worse.
Quote:
Originally Posted by BajanYankee
GDP growth was indeed 2.9% in 2015. I'm not sure where you're getting your data from. This is directly from the FRED website.
Despite the massive tax cuts of the payday loan tax scam, and Trump's tariff war pushing early orders, the economy has been moving along the same trajectory it has for years.
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.
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