GDP Slows for the "best economy ever" (Obama, compared, federal government)

[jbtornado]

To 2.1 %

https://www.cnbc.com/2020/01/30/us-g...t-reading.html



For having the economy ever.. Its funny seeing the GDP from these years way higher..



Dec 31, 1988 3.80%
Sep 30, 1988 4.19%
Jun 30, 1988 4.48%
Mar 31, 1988 4.24%
Dec 31, 1987 4.48%
Sep 30, 1987 3.27%
Jun 30, 1987 3.36%
Mar 31, 1987 2.72%
Dec 31, 1986 2.91%
Sep 30, 1986 3.12%
Jun 30, 1986 3.70%
Mar 31, 1986 4.15%
Dec 31, 1985 4.18%
Sep 30, 1985 4.26%
Jun 30, 1985 3.68%
Mar 31, 1985 4.55%
Dec 31, 1984 5.58%
Sep 30, 1984 6.90%
Jun 30, 1984 8.00%
Mar 31, 1984 8.58%
Dec 31, 1983 7.90%
Sep 30, 1983 5.74%



Sep 30, 2000 4.08%
Jun 30, 2000 5.30%
Mar 31, 2000 4.20%
Dec 31, 1999 4.81%
Sep 30, 1999 4.72%
Jun 30, 1999 4.66%
Mar 31, 1999 4.82%
Dec 31, 1998 4.88%
Sep 30, 1998 4.10%
Jun 30, 1998 4.10%
Mar 31, 1998 4.86%
Dec 31, 1997 4.49%
Sep 30, 1997 4.67%
Jun 30, 1997 4.31%
Mar 31, 1997 4.31%
Dec 31, 1996 4.42%
Sep 30, 1996 4.05%
Jun 30, 1996 4.00%
Mar 31, 1996 2.60%
Dec 31, 1995 2.20%
Sep 30, 1995 2.67%
Jun 30, 1995 2.40%
Mar 31, 1995 3.48%
Dec 31, 1994 4.12%
Sep 30, 1994 4.34%
Jun 30, 1994 4.23%
Mar 31, 1994 3.43%
Dec 31, 1993 2.61%
Sep 30, 1993 2.29%
Jun 30, 1993 2.81%
Mar 31, 1993 3.32%
Dec 31, 1992 4.38%
Sep 30, 1992 3.67%
Jun 30, 1992 3.17%
Mar 31, 1992 2.86%


Dec 31, 2006 2.59%
Sep 30, 2006 2.37%
Jun 30, 2006 3.12%
Mar 31, 2006 3.35%
Dec 31, 2005 3.13%
Sep 30, 2005 3.51%
Jun 30, 2005 3.56%
Mar 31, 2005 3.87%
Dec 31, 2004 3.28%
Sep 30, 2004 3.43%
Jun 30, 2004 4.20%
Mar 31, 2004 4.30%
Dec 31, 2003 4.33%
Sep 30, 2003 3.30%
Jun 30, 2003 2.03%


Sep 30, 2015 2.44%
Jun 30, 2015 3.35%
Mar 31, 2015 3.98%
Dec 31, 2014 2.88%
Sep 30, 2014 3.12%
Jun 30, 2014 2.67%

[James Bond 007]

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:

2019 GDP

Real GDP increased 2.3 percent in 2019 (from the 2018 annual level to the 2019 annual level), compared with an increase of 2.9 percent in 2018 (table 1)

Remember when Trump was telling us we would see economic growth of 4, 5 and 6%?

Epic fail.

From the BEA's Table 1

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.

[skeddy]

Originally Posted by James Bond 007

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%?

Epic fail.

From the BEA's Table 1

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.

what did you like better with Carter, the 18% mortgages or the 3 hour lines to buy gas? ahh the good ole days...

[gg]

Most Americans seem very happy about their finances and outlook. Slow growth is good. Nice try though.

[James Bond 007]

Originally Posted by skeddy

what did you like better with Carter, the 18% mortgages or the 3 hour lines to buy gas?

You need to read the link. There was one quarter with ...16.5% (!!!) GDP growth.

[workingclasshero]

Originally Posted by James Bond 007

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%?

Epic fail.

From the BEA's Table 1

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.

we would see 4%+ growth if the fascist liberals didn't fight against America tooth and nail at every turn

[skeddy]

Originally Posted by James Bond 007

You need to read the link.

Originally Posted by skeddy

what did you like better with Carter, the 18% mortgages or the 3 hour lines to buy gas? ahh the good ole days...

Nah, I don't need to read anything, I lived it...

[jbtornado]

Originally Posted by gg

Most Americans seem very happy about their finances and outlook. Slow growth is good. Nice try though.

LOL you hated slow growth when it was Obama's...

[James Bond 007]

Originally Posted by skeddy

Nah, I don't need to read anything, I lived it...

So did I.

One thing people don't seem to appreciate is, the reason why inflation back then was through the roof, was because growth was through the roof.

[James Bond 007]

Originally Posted by workingclasshero

we would see 4%+ growth if the fascist liberals didn't fight against America tooth and nail at every turn

We had 2 years of complete republican control of the federal government, and we still didn't get 3% growth. So, sorry but you're just trying to come up with excuses.