• 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!

First GDP month entirely under Trump...falling hard

DA60

DA60

Banned
DP Veteran
Joined
Jan 28, 2012
Messages
16,386
Reaction score
7,793
Location
Where I am now
Gender
Male
Political Leaning
Independent
gdpnow-forecast-evolution.gif


https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1


The Atlanta Fed GDP Now numbers - which have been remarkably accurate in their relatively short history - are now putting the GDP at only 1.3%.

Not a good sign.


Thoughts?


Once again, I have zero political loyalty to either a party or a movement.
 
DA60 said:
gdpnow-forecast-evolution.gif


https://www.frbatlanta.org/cqer/research/gdpnow.aspx?panel=1


The Atlanta Fed GDP Now numbers - which have been remarkably accurate in their relatively short history - are now putting the GDP at only 1.3%.

Not a good sign.


Thoughts?


Once again, I have zero political loyalty to either a party or a movement.
Click to expand...

The first quarter has always been slow.

Ask any over the road truck driver. (after Christmas to middle march)
 
What's going to happen when there is a good quarter? "Oh, that? That is clearly Obama's doing." But a single month with a small return? "SEE!?! TRUMP IS RUINING EVERYTHING!!!!!"
 
:mrgreen: ... and so the excuses continue.
 
Cigar said:
Sure ... go ahead ... :lamo
Click to expand...

Cool.

If I recall, that would mean President Obama had the worst economic performance of any President since WWII. Certainly explains why liberal/socialist/fascist progressives loved his time in office.
 
ocean515 said:
Cool.

If I recall, that would mean President Obama had the worst economic performance of any President since WWII. Certainly explains why liberal/socialist/fascist progressives loved his time in office.
Click to expand...

Sure ... ok ... feel better now ... Now back to this Thread. :2wave:
 
ocean515 said:
Cool.

If I recall, that would mean President Obama had the worst economic performance of any President since WWII. Certainly explains why liberal/socialist/fascist progressives loved his time in office.
Click to expand...

Well since we had the worst economic recession caused by your boy Bush, that would explain it. Yet you guys say the economy is booming now that Trump is elected but when the results come out, like his small hands, he comes up short. Make up your minds righties. Is Trump REALLY the cause or is it just continuing economics? I know you want Trump to walk on water, turn water into wine and part the red sea but that just ain't happening bub.
 
Cigar said:
Sure ... ok ... feel better now ... Now back to this Thread. :2wave:
Click to expand...

I haven't left the point of the thread. Just making sure the parameters of measurement are equally applied.

Most would argue, successfully, that an incoming President is not responsible for economic performance until well into their first year in office.
 
Praxas said:
Well since we had the worst economic recession caused by your boy Bush, that would explain it. Yet you guys say the economy is booming now that Trump is elected but when the results come out, like his small hands, he comes up short. Make up your minds righties. Is Trump REALLY the cause or is it just continuing economics? I know you want Trump to walk on water, turn water into wine and part the red sea but that just ain't happening bub.
Click to expand...

I have no clue what you are going on about.

According to the other poster, it doesn't matter who did what before they took office. The moment they are sworn in, they own the economic performance of the country. Bush has no bearing on anything.

Perhaps people on the left can ask their propaganda wing to put out some clarifying instructions so all the folks in their bubble can be on the same page.
 
ocean515 said:
I have no clue what you are going on about.

According to the other poster, it doesn't matter who did what before they took office. The moment they are sworn in, they own the economic performance of the country. Bush has no bearing on anything.
Click to expand...

The righties on this very board DID attribute the bump to Trump and keep going on how right after he was elected everything was booming. you guys have to make up your minds. One minute you are praising Trump like he is the economic messiah and the next righties are saying "eh, it's not his economy yet" when things aren't as great as you wanted your messiah to be.

So please, make up your minds.
 
Cigar said:
:mrgreen: ... and so the excuses continue.
Click to expand...

Continue?

You talk like Trump was the guys who never posted a year of 3% growth or better over the last 8 years.

How can anything be continuing when it's only the first one in the series?
 
Cigar said:
Sure ... ok ... feel better now ... Now back to this Thread. :2wave:
Click to expand...

I always enjoy the complete exposure of biased and hypocritical thinking.
 
Praxas said:
The righties on this very board DID attribute the bump to Trump and keep going on how right after he was elected everything was booming. you guys have to make up your minds. One minute you are praising Trump like he is the economic messiah and the next righties are saying "eh, it's not his economy yet" when things aren't as great as you wanted your messiah to be.

So please, make up your minds.
Click to expand...

:confused:

Again, I have no idea what you are going on about.

Perhaps a basic understanding of economics would help people to understand what is being discussed. Stock market gains can be reflective of economic mood. That wouldn't be reflected yet in GDP numbers. Same is true of corporate announcements about investment and anticipated impacts on employment.

Perhaps the problem is unfamiliarity with how the economy works, combined with a rather obsessive anti-Trump sentiment.
 
ocean515 said:
:confused:

Again, I have no idea what you are going on about.

Perhaps a basic understanding of economics would help people to understand what is being discussed. Stock market gains can be reflective of economic mood. That wouldn't be reflected yet in GDP numbers. Same is true of corporate announcements about investment and anticipated impacts on employment.

Perhaps the problem is unfamiliarity with how the economy works, combined with a rather obsessive anti-Trump sentiment.
Click to expand...

Nope I am quite familiar, but the booms righties have been talking about are not just with the stock markets. They claim they are with the businesses as well. So put up or shut up. The simple fact that YOU righties ignore is that Trump is not the almighty all powerful as you claim. Now be a good little righty and get back to your shrine of Trump.
 
Praxas said:
Nope I am quite familiar, but the booms righties have been talking about are not just with the stock markets. They claim they are with the businesses as well. So put up or shut up. The simple fact that YOU righties ignore is that Trump is not the almighty all powerful as you claim. Now be a good little righty and get back to your shrine of Trump.
Click to expand...

Well, given what you are posting, I don't believe you are as familiar with the principles of economics as you believe you are.

It's been 47 days since President Trump took office. It's impossible for anything President Trump has, or hasn't done, to show up in an $18 trillion economy.

Again, I think your anti-Trump obsession is getting in the way of an objective conclusion.

Certainly the accusations and hyperbole in your post proves this beyond any doubt.
 
Praxas said:
Well since we had the worst economic recession caused by your boy Bush, that would explain it. Yet you guys say the economy is booming now that Trump is elected but when the results come out, like his small hands, he comes up short. Make up your minds righties. Is Trump REALLY the cause or is it just continuing economics? I know you want Trump to walk on water, turn water into wine and part the red sea but that just ain't happening bub.
Click to expand...

Um...

The point of the OP is that Trump is "falling hard" based on the first month of his term.

Too early to make any judgments on anything except what the numbers support. The Stock markets do little more than measure optimism.

They look pretty optimistic. The hope is there again finally. Now all we need is the change away from Obama's record of slow and low growth.
 
ocean515 said:
I haven't left the point of the thread. Just making sure the parameters of measurement are equally applied.

Most would argue, successfully, that an incoming President is not responsible for economic performance until well into their first year in office.
Click to expand...

I always enjoyed the press conferences conducted by John McKay as the Tampa Bay coach.

At the end of his fifth and final year as their head coach, he was asked why his five year plan did not work. He seemed pretty sure that it did work since he made it through the fifth year.

He explained that he had a five year plan because he had a five year contract. If he'd had a three year contract, he'd have announced a three year plan.

According to McKay in this instance at least, the parameters of success change based on the reviewer.
 
Praxas said:
The righties on this very board DID attribute the bump to Trump and keep going on how right after he was elected everything was booming. you guys have to make up your minds. One minute you are praising Trump like he is the economic messiah and the next righties are saying "eh, it's not his economy yet" when things aren't as great as you wanted your messiah to be.

So please, make up your minds.
Click to expand...

I've made up my mind.

Here's what I've found:

Zealots on either end of the spectrum are only too willing to condemn first and establish facts second.
 
Praxas said:
Nope I am quite familiar, but the booms righties have been talking about are not just with the stock markets. They claim they are with the businesses as well. So put up or shut up. The simple fact that YOU righties ignore is that Trump is not the almighty all powerful as you claim. Now be a good little righty and get back to your shrine of Trump.
Click to expand...

You seem to be arguing with a person that is not present at the time of this discussion.

Might you think about conversing with Ocean515?
 
code1211 said:
I always enjoyed the press conferences conducted by John McKay as the Tampa Bay coach.

At the end of his fifth and final year as their head coach, he was asked why his five year plan did not work. He seemed pretty sure that it did work since he made it through the fifth year.

He explained that he had a five year plan because he had a five year contract. If he'd had a three year contract, he'd have announced a three year plan.

According to McKay in this instance at least, the parameters of success change based on the reviewer.
Click to expand...

No question. With the micro-blame obsession firmly in play, it's not hard to understand why.

Clearly, it plays well among those in the bubble, but to the majority of the population, such response training has not been effective.
 
code1211 said:
I always enjoy the complete exposure of biased and hypocritical thinking.
Click to expand...

Good, you should start a thread on it, I'd love to see where that goes.

But first, how about you address this one?
 
Praxas said:
Well since we had the worst economic recession caused by your boy Bush, that would explain it. Yet you guys say the economy is booming now that Trump is elected but when the results come out, like his small hands, he comes up short. Make up your minds righties. Is Trump REALLY the cause or is it just continuing economics? I know you want Trump to walk on water, turn water into wine and part the red sea but that just ain't happening bub.
Click to expand...

Greetings, Praxas. :2wave:

Since I am only going to discuss economics in this post, I'll leave it to others to talk about the pros and cons of Trump's wins or failures in other areas.

I have kept a running record of how the Dow is doing on a daily basis for a long time to get a feel for how investors believe the economy is doing.

On February 1, 2017, 11 days after Trump was inaugurated, the Dow closed at 19890.94.

On March 1, 2017, the Dow closed at 21115.55, an all-time high. Using those numbers alone, that was over a 1,200 point rise in the Dow in less than 30 days!

Now we all know that nothing is forever, including economic numbers, but Trump was sure the beneficiary of many people's hopes - worldwide - who believe our stock market is still the safest place in the world to park their money. Whether it would have been the same had anyone else been elected is an unknown, but Trump is a billionaire businessman, and that seemed to make a difference to many people globally, right out of the gate.

If the market drops by thousands of points, as many economists are predicting it might based on the business cycle, he will doubtless then get the blame, too. What I find note-worthy, since he has little or nothing to do with either a rise, or a drop, if it occurs, since it's all guesswork on the part of millions of other people, it may be breathtaking, or downright scary at times, to watch as the future unfolds. Time will tell..... :eek:
 
You must log in or register to reply here.
Back
Top Bottom