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and? Goals are great to have but not necessarily will be achieved. During Obamas time he argued 1% growth was now the new normal. Heck i had an argument with a friend who had read a number of articles by "top" economist who argued that this was true. So numbers in mid to high 2's has put an end to that theory. Telling the Country, sorry 1% is the best you can do, get used to it, is not the message to give people hope. No one achieves success by accepting limitations, you set goals and you strive to reach them. I have set a goal of losing 25 pounds by the time of a friends wedding in November, if i only lose 15 it will still be an accomplishment. Better then just accepting i will not lose a pound so i might as well just shove down that Big Mac.
and? Goals are great to have but not necessarily will be achieved. During Obamas time he argued 1% growth was now the new normal. Heck i had an argument with a friend who had read a number of articles by "top" economist who argued that this was true. So numbers in mid to high 2's has put an end to that theory. Telling the Country, sorry 1% is the best you can do, get used to it, is not the message to give people hope. No one achieves success by accepting limitations, you set goals and you strive to reach them. I have set a goal of losing 25 pounds by the time of a friends wedding in November, if i only lose 15 it will still be an accomplishment. Better then just accepting i will not lose a pound so i might as well just shove down that Big Mac.
Please provide us a link where Obama said 1% was the new normal.
I wouldn't be surprised if somewhere he said slower growth was the new normal, and if indeed he did say that, he was correct. But 1%? I'd like to see that one. Please provide a link. Thank you.
With today's initial estimate of Q4 2019 GDP growth (a so-so 2.1%), we also have the initial estimate of total year 2019 GDP growth. From the BEA press release:
Remember when Trump was telling us we would see economic growth of 4, 5 and 6%?
2017 full-year GDP growth: 2.4%
2018 full-year GDP growth: 2.9%
2019 full-year GDP growth: 2.3%
Still awaiting that mega MAGA growth. Kinda makes you nostalgic for Jimmy Carter.
Those are pretty good numbers, when you consider how Trump's critics predicted that his "trade war" would destroy our economy. not only has our economy not collapsed, it's done well.
Applaud the Trump-haters, and their never ending investigations for doing all they can to cripple, undermine and weaken this president. Their agenda is bearing some fruit. They'd love it if the US would have fallen into a recession that his enemies have been hoping for.
BTW, Obama's GDP numbers per year were 2.5, 1.6, 2.2, 1.7, 2.4, 2.6, 1.9, so Trump's numbers look significantly better.
Please provide us a link where Obama said 1% was the new normal.
I wouldn't be surprised if somewhere he said slower growth was the new normal, and if indeed he did say that, he was correct. But 1%? I'd like to see that one. Please provide a link. Thank you.
He didn't. Like most disparaging memes, he said one thing, it got paraphrased by a hostile news source, and their paraphrase somehow became his exact quote. He said he feared that various economic indicators might become a new normal if X, Y and Z remained the case, one of which was the slow growth rate of the GDP.
He never, not one time, said in a declarative way that 1% GDP growth is the new normal.
He was more pessimistic in his economic tone than Trump, but there isn't a president in the last 100 years that wasn't more pessimistic about the economic outlook than Trump.
It's like "trickle down economics" being attributed to Reagan or anyone in his orbit. It was never ever said by Reagan, any Republican, nor any economist before, during or since Reagan. It was a paraphrase conjured by hostile media that got attributed as Reagan saying it, and has taken on a life as the most misattributed, non-existent quote of the last 50 years. In fact, since the meme was created in the media, the only people who ever utter the phrase are Democrats and Paul Krugman.
Obama's 1% new normal is like that. Some media-tard conjured up that reshuffling of words and context and it got hung around Obama's neck. And like Reagan, Obama's non-quote i only ever spoken by his opponents. He never said that, but republicans and conservative pundits have worn that phrase out.
[Mama Boucher]Hostile media is duh Debil[/Mama Boucher]
The worst economic performance in years. And it is trending in the wrong direction. Pathetic.
No, it is not. The GDP average is well above Obama's in his EIGHT YEAR rein of economic terror. Also, a three year sample is not indicative of a Presidency. Trump has another five years in which to continue the economic growth, historically low Unemployment and low inflation.
There is a balance between an over heating economy and inflation and we are in a good place of EQUILIBRIUM right now, but I don't expect you or any other Libs to understand Economics.
BTW, Obama's GDP numbers per year were 2.5, 1.6, 2.2, 1.7, 2.4, 2.6, 1.9, so Trump's numbers look significantly better.
Those average 2.13%. Trump's are better, but I wouldn't call them "significantly" better. The average of Trump's 3 years I cited in the OP are 2.53%. They're both in the 2% range. If Trump's were in the 3% range or higher I would call it "significantly" better.
No, it is not. The GDP average is well above Obama's in his EIGHT YEAR rein of economic terror. Also, a three year sample is not indicative of a Presidency. Trump has another five years in which to continue the economic growth, historically low Unemployment and low inflation.
There is a balance between an over heating economy and inflation and we are in a good place of EQUILIBRIUM right now, but I don't expect you or any other Libs to understand Economics.
Somebody here is denying reality: Trump's GDP growth is, like Obama's, averaging in the 2% range.
Real question is: How much of that GDP is left after you remove the interest payments on the massive debt we have now? We have borrowed like mad for 3 years to get sub 3% GDP, was it worth it?
Those used to be a questions Republicans would ask but I guess only independents like myself are the only ones left.
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