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Old 10-02-2019, 06:18 PM
 
Location: ATX/Houston
1,896 posts, read 806,330 times
Reputation: 515

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All those tax cuts and all that deficit spending.....
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Old 10-02-2019, 06:19 PM
 
3,618 posts, read 3,040,785 times
Reputation: 2788
Quote:
Originally Posted by craigiri View Post
The coal miners are going to be tired of winning - they will be making so much money!
The manufacturing jobs will be insane.....
Cheaper and Better Health care for all.....that's a major one. Much better. Cheaper. For all.
Infrastructure so our airports look like those in Europe and Asia, not like Chithole countries.
Other Infrastructure.....
No corruptions in government - government will save BIG due to honesty and ethics.
The deficit will be cut to zero and we will start paying back the debt....
We will gain respect the world over!
N. Korea will bow to our demands.
I think a lot of folks who voted for Trump are now fully cognizant of the fact that they they voted for a fraud, but many have resorted to embarrassing defense mechanisms... here's a few distinct ones I have seen here:
- "What was I supposed to do? Vote for Hillbag?", or
- "If you stupid libs had spent 1/10th of your energy working with him....", or my personal favorite
- "The fake-news, deep state, liberal MSM is trying to destabilize our democracy."

Probably best if our great citizens try to create safe zones for Trumpugees to be de-programmed and re-integrated into American society.
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Old 10-03-2019, 07:00 AM
 
Location: East Coast of the United States
27,366 posts, read 28,445,436 times
Reputation: 24886
Quote:
Originally Posted by James Bond 007 View Post
Do you see any 4%? Any 5%? Any 6%?

No, you don't. Even with the tax cuts Trump said would usher in a period of mega-growth, we see nothing of the kind. All you see is rather mediocre 2's, a few 3's and one 1%, same as we saw under Obama.

The point here is to demonstrate the fantasy world Trump and his fans live in. Just because Trump says something is going to happen, does not mean it will.
Every President paints a rosy picture of what their administration is going to accomplish. This is nothing new.

The fact is that the U.S. economy is stronger than it has been in decades and 2-3% growth is pretty solid. Moreover, we are only in year 3 of Trump's Presidency. Let's see what happens in 5 more years.
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Old 10-30-2019, 07:01 AM
 
Location: Kansas City, MISSOURI
20,765 posts, read 9,392,794 times
Reputation: 15507
Quote:
Originally Posted by James Bond 007 View Post
...

2017-Q1: +2.3%
2017-Q2: +2.2%
2017-Q3: +3.2%
2017-Q4: +3.5%
2018-Q1: +2.5%
2018-Q2: +3.5%
2018-Q3: +2.9%
2018-Q4: +1.1%
2019-Q1: +3.1%
2019-Q2: +2.0%

...
With today's Q3 GDP report out today we can update this:

2017-Q1: +2.3%
2017-Q2: +2.2%
2017-Q3: +3.2%
2017-Q4: +3.5%
2018-Q1: +2.5%
2018-Q2: +3.5%
2018-Q3: +2.9%
2018-Q4: +1.1%
2019-Q1: +3.1%
2019-Q2: +2.0%
2019-Q3: +1.9% - first estimate out today

Very Obama-esque.
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Old 10-30-2019, 07:08 AM
 
Location: Morrison, CO
34,159 posts, read 18,441,288 times
Reputation: 25731
It is only less than THREE YEARS IN to the Trump Presidency. Also, average GDP growth is just under 3% which is still way above Obama's eight year average of 1.6% even with two TRILLION dollar stimuli and near ZERO interest rates from the Fed.
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Old 10-30-2019, 07:11 AM
 
Location: Florida
77,015 posts, read 47,418,296 times
Reputation: 14806
Quote:
Originally Posted by t206 View Post
Seriously? Thats kind of hard to believe. 4/3/18 is 18 months. I just checked my 401k and I'm at a 10.6% return. Similar situation, mostly US funds with low fees, but also have one international fund.
Sure

The stock market hit a brick wall about 19 months ago, and has made practically zero gains since then.
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Old 10-30-2019, 07:14 AM
 
Location: Florida
77,015 posts, read 47,418,296 times
Reputation: 14806
Quote:
Originally Posted by Pilot1 View Post
It is only less than THREE YEARS IN to the Trump Presidency. Also, average GDP growth is just under 3% which is still way above Obama's eight year average of 1.6% even with two TRILLION dollar stimuli and near ZERO interest rates from the Fed.
It is not just under 3%. It was 1.9% for the 3rd qt, and 2.3% for the year. He is lucky to reach 2% for 2019.
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Old 10-30-2019, 07:18 AM
 
Location: Kansas City, MISSOURI
20,765 posts, read 9,392,794 times
Reputation: 15507
Quote:
Originally Posted by Pilot1 View Post
It is only less than THREE YEARS IN to the Trump Presidency. Also, average GDP growth is just under 3% which is still way above Obama's eight year average of 1.6% even with two TRILLION dollar stimuli and near ZERO interest rates from the Fed.
The average GDP growth of the numbers I posted above is 2.56%.

When Obama took office the economy was already in a deep recession. If you exclude the first 2 quarters of his term which was still in a recession his growth averaged 2.1%. Not that different from Trump.

And yes, it's only 3 years into Trump's term, plenty of time for Trump's numbers to get even closer to Obama's.
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Old 10-30-2019, 07:23 AM
 
13,527 posts, read 4,845,620 times
Reputation: 9561
We all know Trump is a huckster, and anyone who believed his grand predictions is terribly naive. That said, the economy is not doing bad, so I certainly am not complaining. Neither am I gloating that we aren't at 6% growth. If we were, the Fed would be raising interest rates bigly, to try and cool things off.

The bigger point is why fools like Larry Kudlow keep claiming that tax cuts will pay for themselves by increased growth. This has been proven false time after time. From the supply-side nonsense of Reagan to the Bush tax cuts to 2017, we repeatedly have seen that this dogma is wrong. A rising tide doesn't raise all boats - the 1% skim the riches off the top and leave the rest pretty much where we were.
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Old 10-30-2019, 07:30 AM
 
27,534 posts, read 15,994,118 times
Reputation: 18959
Fodder for dem candidates? Apparently not. Perhaps nancy could vote on usmca? Apparently too busy trying to hogtie Trump. Imagine if they worked together..
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