• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Breaking: US GDP Accelerates to a Whopping 4.1% In Second Quarter

Harshaw said:
Unfortunately, the tariffs and unnecessary trade spats put that in jeopardy. Truly, snatching defeat from the jaws of victory.
Click to expand...


~~~~~~
Then we can all agree that the supposed tariff war has been proven wrong and the EU has agreed to lowering tariffs and to buy American grain, soy beans, corn and oh, natural gas.
 
chuckiechan said:
Actually, it’s heating up too fast. It’s primarily on the industrial demand side, but the fed needs to raise interest rates to keep inflation in check.

I don’t know what the democrat counter message will be, except that wage growth is a trailing indicator and few understand that, so they can run with that. That may be useful to them in the midterms, but by 2020, things should be going great guns. The sun does not rise and set in the crack of China’s ass.

Remember, there was a time when China was an economic backwater, and we were an economic powerhouse.
Click to expand...
You do make a good point, in that it's a generally a good thing to have to raise interest rates.

But with the previous mediocre quarter, and Trump mucking around with the markets via tariffs, I'll need maybe two more quarters to feel really solid here - definitely at least one more.
 
Doc91478 said:
~~~~~~
Then we can all agree that the supposed tariff war has been proven wrong and the EU has agreed to lowering tariffs and to buy American grain, soy beans, corn and oh, natural gas.
Click to expand...

They haven't agreed to do anything yet.
 
chuckiechan said:
Actually, it’s heating up too fast. It’s primarily on the industrial demand side, but the fed needs to raise interest rates to keep inflation in check.

I don’t know what the democrat counter message will be, except that wage growth is a trailing indicator and few understand that, so they can run with that. That may be useful to them in the midterms, but by 2020, things should be going great guns. The sun does not rise and set in the crack of China’s ass.

Remember, there was a time when China was an economic backwater, and we were an economic powerhouse.
Click to expand...

Whatever the Democrat economic counter message is, my hope is that it includes a good deal more grace and balance, and the use of scalpels instead of Husqvarnas. I'm not opposed to the careful use of big sticks but I prefer the "talk softly" approach when carrying one.
And as regards China, we must be mindful of the fact that we're the ones with our ass crack showing. We exposed it to them decades ago when we started becoming dependent upon their cheap labor and manufacturing.

To a certain extent, we've become a lot like those species of fish where the tiny male attaches to the flank of the much larger female, whereupon the male's internal and external structure begins to atrophy, until he becomes nothing but a sperm source.

male_anglerfish.jpg
 
Howard the Duck said:
Obama never said 4% quarters were impossible. In 2014 he ran a 5.2% q2 and a 4.9% q3. In all he ran 4 quarters better than this one and he did it without artificially goosing the economy with record tax cuts.

Thanks for bringing up Obama, the BPOAT.
Click to expand...


~~~~~~
Barack Obama's Sad Record on Economic Growth
https://www.realclearmarkets.com/articles/2016/02/01/barack_obamas...
On Friday, the Bureau of Economic Analysis (BEA) reported that 2015 U.S. real GDP (RGDP) growth was 2.38%. No matter what revisions are subsequently made, 2015 will have been the tenth year in a row that RGDP growth came in at under 3.0%.
~~~~~~~~~~~~
NY Feds Forecast 3-4% GDP Growth, Obama! [/B
]http://www.independentsentinel.com/ny-feds-forecast-3-4-gdp-growth-obama/
The New York Feds predict 3%, possibly 4% GDP growth for the 4th quarter. That’s the growth former president Barack Obama said could not happen because those days were gone. That is why the Feds can now raise interest rates — the economy is finally improving. The New York Federal Reserve on ...
 
Doc91478 said:
Then we can all agree that the supposed tariff war has been proven wrong and the EU has agreed to lowering tariffs and to buy American grain, soy beans, corn and oh, natural gas.
Click to expand...

No. All Trump did was undo the mess he himself created with Europe, and now he's going back to doing the exact same thing that President Obama was already doing before which Trump ****ed it all up. You don't get to take credit for the messes you yourself created.
 
MrWonka said:
No. All Trump did was undo the mess he himself created with Europe, and now he's going back to doing the exact same thing that President Obama was already doing before which Trump ****ed it all up. You don't get to take credit for the messes you yourself created.
Click to expand...


~~~~~~
Trump, EU leader vow to cut trade barriers, hold off on ...
Trump, EU leader vow to cut trade barriers, hold off on further tariffs | New Hampshire
Jul 25, 2018 · President Donald Trump and the European Union's chief executive, Jean-Claude Juncker, agreed on Wednesday to work toward eliminating trade barriers on industrial goods, as Trump appeared to give ground on his threat to impose car tariff
~~~~~~~~~~~~
Trump announces trade concessions from EU officials on ...
Trump announces trade concessions from EU officials on soybeans, energy, tariffs | Fox News
The import of soybeans is a boost to American farmers, who have seen prices plummet after China slapped a retaliatory tariff on American goods including soybeans, in the wake of U.S. tariffs on aluminum and steel.
 
Doc91478 said:
Breaking: US GDP Accelerates to a Whopping 4.1% In Second Quarter​
https://www.thegatewaypundit.com/20...tes-to-a-whopping-4-2-under-trump-leadership/

This is another BIG Trump win. This doubles the first quarter growth of 2.2%.


~~~~~~

Remember when Obama and Democrat elites said President Trump’s policies would throw the US into recession.
They said a 4.0% GDP rate was impossible. It was a thing of the past.
I think the Progressive Leftist Democrats are finally beginning to wake up to their own incompetence.
Hopefully, the rest of the country is, too...
No doubt the attacks on Trump led by Fifth Columnist Media will continue and increase while Trump continues to improve the economy and strengthen America a complete antithesis of the Progressive Marxist Socialist ideology.
Click to expand...

Sudden increased demand for soy beans before China retaliatory tariffs kicked in could mean this a temporary economic increase with a fallout soon to follow.


"....WASHINGTON (Reuters) - The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July....."

https://www.reuters.com/article/us-...-economic-growth-to-4-1-percent-idUSKBN1KH0B7​


I predict next quarters results will show a down turn due in large part to lack of demand for US soy beans.
 
Last edited:
Last edited:
Doc91478 said:
Breaking: US GDP Accelerates to a Whopping 4.1% In Second Quarter​
https://www.thegatewaypundit.com/20...tes-to-a-whopping-4-2-under-trump-leadership/

This is another BIG Trump win. This doubles the first quarter growth of 2.2%.


~~~~~~

Remember when Obama and Democrat elites said President Trump’s policies would throw the US into recession.
They said a 4.0% GDP rate was impossible. It was a thing of the past.
I think the Progressive Leftist Democrats are finally beginning to wake up to their own incompetence.
Hopefully, the rest of the country is, too...
No doubt the attacks on Trump led by Fifth Columnist Media will continue and increase while Trump continues to improve the economy and strengthen America a complete antithesis of the Progressive Marxist Socialist ideology.
Click to expand...

only in right wing fantasy. just stockpiling at lower prices.
 
Howard the Duck said:
Obama never said 4% quarters were impossible. In 2014 he ran a 5.2% q2 and a 4.9% q3. In all he ran 4 quarters better than this one and he did it without artificially goosing the economy with record tax cuts.

Thanks for bringing up Obama, the BPOAT.
Click to expand...
You DID she the "thing of the past" phrase, yes?
 
Screen Shot 2018-07-27 at 2.34.57 PM.jpg

GDP by quarters 2011- 2018

Howard the Duck said:
Obama never said 4% quarters were impossible. In 2014 he ran a 5.2% q2 and a 4.9% q3. In all he ran 4 quarters better than this one and he did it without artificially goosing the economy with record tax cuts.

.
Click to expand...
 
Last edited:
Doc91478 said:
Breaking: US GDP Accelerates to a Whopping 4.1% In Second Quarter​
https://www.thegatewaypundit.com/20...tes-to-a-whopping-4-2-under-trump-leadership/

This is another BIG Trump win. This doubles the first quarter growth of 2.2%.


~~~~~~

Remember when Obama and Democrat elites said President Trump’s policies would throw the US into recession.
They said a 4.0% GDP rate was impossible. It was a thing of the past.
I think the Progressive Leftist Democrats are finally beginning to wake up to their own incompetence.
Hopefully, the rest of the country is, too...
No doubt the attacks on Trump led by Fifth Columnist Media will continue and increase while Trump continues to improve the economy and strengthen America a complete antithesis of the Progressive Marxist Socialist ideology.
Click to expand...

Obama had 4 quarters of 4% or more GDP growth. One of them was 5%. The current number is distorted by a surge in export growth as companies rushed orders to get ahead of the tariffs. The surge in May soybean exports added 0.6% of the GDP growth alone in this quarter. The rest of the year is predicted to be considerably lower so enjoy this while it lasts.

The numbers: The trade gap widened in June as a one-time to boost to inventories ahead of the introduction of tariffs faded.

The Commerce Department reported a 5.5% widening of the U.S. goods trade deficit to $68.3 billion. It also reported no change to both wholesale and retail inventories during the month.

What happened: In May, companies raced to ship agricultural products, namely soybeans, ahead of tariffs that China was readying in response to the levies the U.S. was imposing on a range of Chinese goods. After a 14.1% surge in the export of foods, feeds and beverages, exports of those products fell 0.5% in June.
Click to expand...

https://www.marketwatch.com/story/trade-gap-widens-in-june-as-tariff-boost-to-exports-fades-2018-07-26
 
iguanaman said:
Obama had 4 quarters of 4% or more GDP growth. One of them was 5%. The current number is distorted by a surge in export growth as companies rushed orders to get ahead of the tariffs. The surge in May soybean exports added 0.6% of the GDP growth alone in this quarter. The rest of the year is predicted to be considerably lower so enjoy this while it lasts.



https://www.marketwatch.com/story/trade-gap-widens-in-june-as-tariff-boost-to-exports-fades-2018-07-26
Click to expand...


:lamo
 
Master PO said:
partisanship shows, you [and I} will give Obama a 5% and yet you refuse to give Trump a 4.1 by claiming its distorted.
Click to expand...

He's drafting off of the Obama experience. We are coming to the end of the longest peacetime economic expansion in our history. It started in 2009 and it has NOTHING to do with Trump. Let's see what happens down the road.
 
Howard the Duck said:
He's drafting off of the Obama experience. Let's see what happens down the road.
Click to expand...


you and the others will claim trump's 4.1% is false. yet you will promote obama's as genuine.

i posted obama had a 5.2% for a quarter yet your partisanship will keep you from recognizing trumps quarter.
 
Checkerboard Strangler said:
Whatever the Democrat economic counter message is, my hope is that it includes a good deal more grace and balance, and the use of scalpels instead of Husqvarnas. I'm not opposed to the careful use of big sticks but I prefer the "talk softly" approach when carrying one.
And as regards China, we must be mindful of the fact that we're the ones with our ass crack showing. We exposed it to them decades ago when we started becoming dependent upon their cheap labor and manufacturing.

To a certain extent, we've become a lot like those species of fish where the tiny male attaches to the flank of the much larger female, whereupon the male's internal and external structure begins to atrophy, until he becomes nothing but a sperm source.

View attachment 67237033
Click to expand...

If they were smart, they would run on jobs training and some kind of transportation system to get workers to jobs, especially construction jobs. Their truly is a labor shortage, but only because immigrant labor took those jobs for so long and pushed the labor rate so far down, citizens forgot how to do them due to lack of participation.

In the big cities employable persons in their prime are sitting there like a cargo cult waiting for a job to come to them. They have to go to the jobs. There is a political upside to do this, but democrats have forgotten about citizens and prefer to juice their base with immigration at the expense of the unemployed. The old democrat party has to throw the left out and take back control
 
Hawkeye10 said:
Betting against Trump tends to be a hard life.
Click to expand...

Defending Trump seems to be a full time occupation for a lot of people....especially, those in the 'Geritol crowd.'
 
Moot said:
Defending Trump seems to be a full time occupation for a lot of people....especially, those in the 'Geritol crowd.'
Click to expand...

There is that broad brush again! Geritol sponsored the most corrupt game show in history! hat are you saying? :2wave:
 
a fifteen dollar an hour minimum wage and unemployment compensation for being naturally unemployed, is a better investment in our economy!
 
Howard the Duck said:
He's drafting off of the Obama experience. We are coming to the end of the longest peacetime economic expansion in our history. It started in 2009 and it has NOTHING to do with Trump. Let's see what happens down the road.
Click to expand...

Meanwhile, the absentee, "True President" Obama is at home pushing out increase after increase in economic activity just to show America that really, only he can do that. He just didn't' want to back then. He just wanted to keep it all bottled up to give Hillary a boost when she took over and oh well, you can't keep Americans down forever, and he had to release the Genie sometime and now Trump gets all that credit that was going to Hillary! How unfair can life be? Sheeeeiiiitttttt.....
 
You must log in or register to reply here.
Back
Top Bottom