U.S. Growth Settles in at Low Gear in Third Quarter

RetiredUSN said:

Brain dead liberals cheered Obama when he said it was the new normal.

Brain dead liberals continue to cheer economy slow downs when their assholes are not in power.

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Turns out Obama was right. Which I'm sure chaps your ass to no end.

Phys251 said:

We're doing better than literally every other nation on the planet?!

That is an extraordinary claim. Got some extraordinary evidence to back it up?

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You guys started the thread with your wild claims. How about you backing up how terrible we are doing compared to other countries?

Drawdown said:

Or he is correct. Germany is now in a recession and was one of only a couple EU countries not in one. China's GDP is contracting. It is only natural that we will be heading that way soon. It was why the fed dropped rates.

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I'm a citizen of the United States, not Germany.

I guess in 1929 when our economy completely crashed the talking point should have been "well, our economy is still better than Kenya's". That would have made all those men out of work and standing in food lines feel better about everything.

The tea party was totally silent while Donald Trump exploded our deficit to give himself a massive tax cut and now that things are gonna slow down it's going to get even worse.

I wish a bunch of these Trump supporters had actually served in the military. At least they would have some semblance of a sense of honor.

Moderate Right said:

Still doing better than a lot of countries.

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That was not what was promised?

RetiredUSN said:

Brain dead liberals cheered Obama when he said it was the new normal.

Brain dead liberals continue to cheer economy slow downs when their assholes are not in power.

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Nobody is cheering. Why are you lying?

Some of us are old enough to remember when 1.9 GDP was bad and was a sign that the US economy was in trouble. Yes, even your hero Donald J. Trump. In fact, he said exactly that. Was he cheering the slow down then? Obviously, according to you. So you support a President who cheers when the economy slows down.

Donald J. Trump on Twitter: "Q1 GDP has just been revised down to 1.9% http://t.co/tX9ij8KQ The economy is in deep trouble."

tres borrachos said:

I'm a citizen of the United States, not Germany.

I guess in 1929 when our economy completely crashed the talking point should have been "well, our economy is still better than Kenya's". That would have made all those men out of work and standing in food lines feel better about everything.

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You are a citizen of the global economy and when the rest of the globe's economy is sliding backwards, pretending yours won't is burying your head in the sand.

Drawdown said:

You are a citizen of the global economy and when the rest of the globe's economy is sliding backwards, pretending yours won't is burying your head in the sand.

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This thread isn't about the global economy. In fact, we have sections on this board for you to discuss it. This thread is about the US economy and the slowdown to the level that Trump said a few years ago was a disaster. Now he has the same "disaster", and you and others want to talk about Germany.

Unreal and sad.

tres borrachos said:

This thread isn't about the global economy. In fact, we have sections on this board for you to discuss it. This thread is about the US economy and the slowdown to the level that Trump said a few years ago was a disaster. Now he has the same "disaster", and you and others want to talk about Germany.

Unreal and sad.

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The slowdown in the US economy is because of the slowdown in the global economy. Unreal and sad is that you think our economy has nothing to do with what is happening overseas.

Drawdown said:

The slowdown in the US economy is because of the slowdown in the global economy. Unreal and sad is that you think our economy has nothing to do with what is happening overseas.

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Oh, so the tax cuts that were promised to drive economic growth aren't working because of....everyone else?

And when Trump was criticizing Obama, repeatedly, cheered on by his ardent supporters, about 1.9% GDP, they and you were all lying? It wasn't Obama's fault after all? It was....Germany's?

Save this bull**** for someone at the next Trump Fan Club meeting. It's dishonest and churlish. Stick to the topic and defend your hero's economic slowdown.

tres borrachos said:

Oh, so the tax cuts that were promised to drive economic growth aren't working because of....everyone else?

And when Trump was criticizing Obama, repeatedly, cheered on by his ardent supporters, about 1.9% GDP, they and you were all lying? It wasn't Obama's fault after all? It was....Germany's?

Save this bull**** for someone at the next Trump Fan Club meeting. It's dishonest and churlish. Stick to the topic and defend your hero's economic slowdown.

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The tax cuts did not work because we are in a liquidity trap....same as Japan.....same is Europe.

Sorry if facts are inconvenient for you in your Trump! Trump! Trump! obsession. :

" A slowdown of the global economy has affected the US, Treasury secretary Steven Mnuchin said Wednesday, adding that the American economy continues to enjoy strong employment and low inflation.

“There is no question that global economy is slowing down . . . and that has had some modest drag on the US economy,” he said at an investment forum in the Saudi capital Riyadh. " Subscribe to read | Financial Times

Drawdown said:

The tax cuts did not work because we are in a liquidity trap....same as Japan.....same is Europe.

Sorry if facts are inconvenient for you in your Trump! Trump! Trump! obsession. :

" A slowdown of the global economy has affected the US, Treasury secretary Steven Mnuchin said Wednesday, adding that the American economy continues to enjoy strong employment and low inflation.

“There is no question that global economy is slowing down . . . and that has had some modest drag on the US economy,” he said at an investment forum in the Saudi capital Riyadh. " Subscribe to read | Financial Times

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Trump obsession? Are you for real? This board is called "Debate Politics" and Trump is the ****ing President. He and his drooling fans talk about the greatest economy in history, and when it turns out to not b so, want to blame it on everyone else. And then they post the words of a TRUMP CABINET MEMBER as proof of "something".

Your posts are ridiculous. Hopeless. Wallow in ignorance, victimhood and excuse making. You do it so well.

tres borrachos said:

Trump obsession? Are you for real? This board is called "Debate Politics" and Trump is the ****ing President. He and his drooling fans talk about the greatest economy in history, and when it turns out to not b so, want to blame it on everyone else. And then they post the words of a TRUMP CABINET MEMBER as proof of "something".

Your posts are ridiculous. Hopeless. Wallow in ignorance, victimhood and excuse making. You do it so well.

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The Secretary of Treasurer acknowledged what I have been stating and you have been denying.

I am not the one wallowing in an egomaniacal emotional cesspool of wrongness.

Moderate Right said:

That is dishonest. You know darn well that we are actually doing better than everyone. Many, including our friends in Europe, in addition to China, are on the brink of recession.

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Did you know that a lot of large companies, such as JP Morgan, are taking steps as we speak to deal with a large downturn in the economy coming in the immediate future. When large companies make these kinds of moves they already see the writing on the wall. As for the other countries being in a Recession, never forget that all our economies are connected and where they go we will follow and visa versa. Like it or not another recession is coming, you may want to look at your own financial position and take the appropriate steps

Moderate Right said:

You guys started the thread with your wild claims.

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You think the OP and I conspired to start this thread?







Laughter is the best medicine, and you just gave me the best dose I've had in awhile!! :thumbs:

Moderate Right said:

That is dishonest. You know darn well that we are actually doing better than everyone. Many, including our friends in Europe, in addition to China, are on the brink of recession.

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https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD/USA/CHN
China's growth has slowed to 6% following the same trajectory it's been on since 2005..... China is in zero danger of a recession.

Average global GDP growth is 3%. Advanced economies are at 1.7% The US is outperforming the Advanced economies by about as much as it did during the Obama years.

The only differences between now and before Trump are 1) we're running deficits 3x as big as GDP growth (We'd be deep in recession without massive deficit spending) and 2). the trade war(s) have decimated American manufacturing.

Luther said:

That was not what was promised?

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LOL. Experts have already predicted a very huge hit to the economy if either Warren or Sanders was president.

Casper said:

Did you know that a lot of large companies, such as JP Morgan, are taking steps as we speak to deal with a large downturn in the economy coming in the immediate future. When large companies make these kinds of moves they already see the writing on the wall. As for the other countries being in a Recession, never forget that all our economies are connected and where they go we will follow and visa versa. Like it or not another recession is coming, you may want to look at your own financial position and take the appropriate steps

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Did you know that these experts are predicting a very huge downturn if either Warren or Sanders become president?

Phys251 said:

You think the OP and I conspired to start this thread?

Laughter is the best medicine, and you just gave me the best dose I've had in awhile!! :thumbs:

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Jesus. Whenever you guys lose the debate out come the cartoons. That's the best you've got.

Mithros said:

https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD/USA/CHN
China's growth has slowed to 6% following the same trajectory it's been on since 2005..... China is in zero danger of a recession.

Average global GDP growth is 3%. Advanced economies are at 1.7% The US is outperforming the Advanced economies by about as much as it did during the Obama years.

The only differences between now and before Trump are 1) we're running deficits 3x as big as GDP growth (We'd be deep in recession without massive deficit spending) and 2). the trade war(s) have decimated American manufacturing.

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We will eventually win the trade wars. No one, not even Trump said that the trade wars wouldn't hurt us short term. Hell, even Democrats have been high fiving Trump in regards to being tough on China. But, thanks for admitting that I was right. The US economy is doing better than most all other countries.

Moderate Right said:

Did you know that these experts are predicting a very huge downturn if either Warren or Sanders become president?

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Then you better prepare, they are.

Phys251 said:

:lamo

Good to know that we're doing better than Somalia and North Korea! Such high bars to clear! :mrgreen:

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since most other countries are heading towards recession at this point including europe the US economy is still steady and strong
even in the middle of a slow down which economies do every now and then.

given the record number quarters of growth that is happening we are probably past due for an adjustment.
the economy is still adding jobs and wages are still going up.

the job report is still strong. so yes we are still winning.
the question is why do you hate people making more money and having more jobs available for people to get?

Moderate Right said:

We will eventually win the trade wars. No one, not even Trump said that the trade wars wouldn't hurt us short term. Hell, even Democrats have been high fiving Trump in regards to being tough on China. But, thanks for admitting that I was right. The US economy is doing better than most all other countries.

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yep facts beat their faux outrage every time.

Drawdown said:

The slowdown in the US economy is because of the slowdown in the global economy. Unreal and sad is that you think our economy has nothing to do with what is happening overseas.

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You are heavily invested in Trump, so anything bad is someone or something else's fault. That;s a position that you would never let Obama get away with.

The slowdown in the U.S. economy is squarely due to Trump policies. Partly due to Trump's tariffs, that are hurting farm exports and manufacturing exports, while also making products sold here more expensive. When products are more expensive, consumers buy less of them and GDP suffers. Part of the slowdown is due to business investment that Trump said his tax-cuts would raise.

One of Trump’s biggest promises to voters in 2016 was bringing back well paying manufacturing jobs to the United States. Trump has not fulfilled this promise in any way, shape, or form. As an example, data from the Bureau of Labor Statistics showing that manufacturing employment in Wisconsin has absolutely cratered so far this year after experiencing a brief spike in 2018. Manufacturing employment has been falling in Michigan, Wisconsin and Pennsylvania, states that chose Trump by tiny margins in 2016, giving him a win in the Electoral College despite losing the popular vote. There has been no boom in coal jobs and the Trump Administration is cold when it comes to the jobs of th e future -- like solar and wind development.

Probably even more significant, there has been a dramatic decline, almost a collapse, in business confidence. You can see this collapse several ways. One is through surveys of business executives, who spent Trump’s first two years being very bullish, but have now become remarkably pessimistic. The collapse in confidence began late last year, when it became clear that Trump was serious about waging trade war on China; it continued as evidence accumulated that the 2017 tax cut was a big fizzle, doing basically nothing to boost business investment and providing at most a temporary sugar high to overall growth.

Why have things turned out so poorly? One answer, is that in addition to its direct impacts on U.S. exports and businesses that rely on Chinese suppliers, the trade war has created damaging uncertainty. Businesses that rely on global supply chains won’t invest for fear that the trade war will get even worse; but businesses that might move in to replace imports also won’t invest for fear that Trump will eventually back down.

All that is completely on Trump, not the overall global economy.