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Is 3% Growth in the U.S. Sustainable? Is 4% Achievable?

Jack Hays

Jack Hays

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Is 3% growth sustainable? Is 4% growth achievable? What possibilities would that create?

The Left Is Baffled Over Trump's Economic Revival
Stephen Moore, Investor's Biz Daily


". . . The U.S. economic revival of 3 percent growth has already defied the predictions of almost every Donald Trump critic. I vividly remember debating Hillary Clinton's economic gurus during the campaign: They accused Trump and advisers such as myself of "lying" when we said that pro-growth policies would speed up economic growth to 3 to 4 percent. . . .

"One reason that economist Larry Kudlow and I and others assured Donald Trump that 3 to 4 percent growth was achievable was that Trump could capitalize on the underperformance of the Obama years. Under Obama, business investment fell almost two-thirds below the long-term trend line -- thanks to higher taxes on investment. Now, partly in anticipation of the tax cut, business spending keeps climbing. . . ."
 
Jack Hays said:
Is 3% growth sustainable? Is 4% growth achievable? What possibilities would that create?

The Left Is Baffled Over Trump's Economic Revival
Stephen Moore, Investor's Biz Daily


". . . The U.S. economic revival of 3 percent growth has already defied the predictions of almost every Donald Trump critic. I vividly remember debating Hillary Clinton's economic gurus during the campaign: They accused Trump and advisers such as myself of "lying" when we said that pro-growth policies would speed up economic growth to 3 to 4 percent. . . .

"One reason that economist Larry Kudlow and I and others assured Donald Trump that 3 to 4 percent growth was achievable was that Trump could capitalize on the underperformance of the Obama years. Under Obama, business investment fell almost two-thirds below the long-term trend line -- thanks to higher taxes on investment. Now, partly in anticipation of the tax cut, business spending keeps climbing. . . ."
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The 3% is a temporary spike - it ain't gonna last.

What's more, I find it funny how y'all (I'm including you with the Right on this one) weren't willing to give Obama even a smidgen of credit for getting us out of the Great Recession, much less the longest stretch of private-sector in our nation's history...but y'all are eager to give Trump credit right away. What y'all are missing, though, is that by giving Trump credit right away (just like he himself is claiming that Obamacare is dead, that no one should even mention it anymore), that means that when the economy takes a downturn (and a downturn or a correction is way overdue), he - and y'all - immediately own that, too.

Remember - Obama never bragged on his accomplishments. Trump's done FAR less than Obama had done by the end of his first year, but Trump's bragging every single day. Not smart.
 
Glen Contrarian said:
The 3% is a temporary spike - it ain't gonna last.

What's more, I find it funny how y'all (I'm including you with the Right on this one) weren't willing to give Obama even a smidgen of credit for getting us out of the Great Recession, much less the longest stretch of private-sector in our nation's history...but y'all are eager to give Trump credit right away. What y'all are missing, though, is that by giving Trump credit right away (just like he himself is claiming that Obamacare is dead, that no one should even mention it anymore), that means that when the economy takes a downturn (and a downturn or a correction is way overdue), he - and y'all - immediately own that, too.

Remember - Obama never bragged on his accomplishments. Trump's done FAR less than Obama had done by the end of his first year, but Trump's bragging every single day. Not smart.
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Really thought this was about our ability to grow 3-4% not about Trump bragging or what Obama did or did not do.I am firmly in the camp that we can accelerate growth. No reason we have to grow at the pace of the EU. Productivity growth has been very slow the last several years,while labor force participation ( no all because of demographics) is historically low as well.
 
I believe we can keep 4% , we have been stifled for so long, finally some regulations have been removed, Trump just makes 1/2 the people feel good and that is a big factor, people feel good they spend money.
If we just didn’t have so many trying to hold us back because they don’t like our President.


Sent from my iPhone using Tapatalk
 
Glen Contrarian said:
The 3% is a temporary spike - it ain't gonna last.

What's more, I find it funny how y'all (I'm including you with the Right on this one) weren't willing to give Obama even a smidgen of credit for getting us out of the Great Recession, much less the longest stretch of private-sector in our nation's history...but y'all are eager to give Trump credit right away. What y'all are missing, though, is that by giving Trump credit right away (just like he himself is claiming that Obamacare is dead, that no one should even mention it anymore), that means that when the economy takes a downturn (and a downturn or a correction is way overdue), he - and y'all - immediately own that, too.

Remember - Obama never bragged on his accomplishments. Trump's done FAR less than Obama had done by the end of his first year, but Trump's bragging every single day. Not smart.
Click to expand...

Did you notice the thread title is a question? I'm not giving anyone credit for anything. BHO's record, however, can be fairly judged as lackluster: lowest growth of any recovery in history.
 
Over 10 years we are going to have a recession. History proves that. So the 3%, 4% growth every single year is BS.

"Those who do not learn history are doomed to repeat it."
 
Jack Hays said:
Did you notice the thread title is a question? I'm not giving anyone credit for anything. BHO's record, however, can be fairly judged as lackluster: lowest growth of any recovery in history.
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He was dealt a ****ty hand. The whole economy crashed just when he was taking the reigns.

Trump on the other hand is getting an economy that's going pretty strong.
 
SenorXm/Sirius said:
Over 10 years we are going to have a recession. History proves that. So the 3%, 4% growth every single year is BS.

"Those who do not learn history are doomed to repeat it."
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Doesn't mean we can't average 3-4%. To the best of my knowledge we have had recessions in the U.S. and still achieved these growth numbers.
 
Jack Hays said:
Is 3% growth sustainable?
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Yes

Is 4% growth achievable?
Click to expand...
Yes

What possibilities would that create?
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A resurgence of Main Street.

Increased employment.

Increased wages.

Decreased prices for consumables.

Decreased dependence on foreign manufacturers.

Increased tax revenue.

Just to name a few...

However...

Trump's economic policy is dependent upon a supportive Congress...something he doesn't have. Not even from the Congressional GOP.
 
Glen Contrarian said:
The 3% is a temporary spike - it ain't gonna last.

What's more, I find it funny how y'all (I'm including you with the Right on this one) weren't willing to give Obama even a smidgen of credit for getting us out of the Great Recession, much less the longest stretch of private-sector in our nation's history...but y'all are eager to give Trump credit right away. What y'all are missing, though, is that by giving Trump credit right away (just like he himself is claiming that Obamacare is dead, that no one should even mention it anymore), that means that when the economy takes a downturn (and a downturn or a correction is way overdue), he - and y'all - immediately own that, too.

Remember - Obama never bragged on his accomplishments. Trump's done FAR less than Obama had done by the end of his first year, but Trump's bragging every single day. Not smart.
Click to expand...

I'm confused as to what you think Obama did to "get us out" of the recession. He signed off on banks and various companies to not go under.... which any corporate shill in the white house would have done.

He passed his stimulus package.... that did absolutely nothing but make companies it funded go out of business...... and that's IT

... it was a very slow recovery and he did absolutely nothing, markets bounce back by themselves... and he should have let some things fail and encouraged the FBI to throw some people in jail.... but that didn't happen
 
washunut said:
Doesn't mean we can't average 3-4%. To the best of my knowledge we have had recessions in the U.S. and still achieved these growth numbers.
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No..

On average we have a recession every 7-8 years. We're overdo. Throw a recession in a 10 year period ,so expecting an AVERAGE 3-4% growth over 10 years is fantasy.
 
Jack Hays said:
Is 3% growth sustainable? Is 4% growth achievable? What possibilities would that create?

The Left Is Baffled Over Trump's Economic Revival
Stephen Moore, Investor's Biz Daily


". . . The U.S. economic revival of 3 percent growth has already defied the predictions of almost every Donald Trump critic. I vividly remember debating Hillary Clinton's economic gurus during the campaign: They accused Trump and advisers such as myself of "lying" when we said that pro-growth policies would speed up economic growth to 3 to 4 percent. . . .

"One reason that economist Larry Kudlow and I and others assured Donald Trump that 3 to 4 percent growth was achievable was that Trump could capitalize on the underperformance of the Obama years. Under Obama, business investment fell almost two-thirds below the long-term trend line -- thanks to higher taxes on investment. Now, partly in anticipation of the tax cut, business spending keeps climbing. . . ."
Click to expand...


The economy is recovering after a recession? The economic cycle repeats? Who would've thought...

Our economic system is still a house of cards, no doubt, but I fully expected the economy to recover and I expect it to continue to push upwards until around 2019ish when we could possibly expect a mid-cycle recession and then watch the bottom drop out once again around 2026ish.
 
SenorXm/Sirius said:
He was dealt a ****ty hand. The whole economy crashed just when he was taking the reigns.

Trump on the other hand is getting an economy that's going pretty strong.
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Growth in BHO's last year only 1.6%. Anemic. Lowest growth rate of any recovery ever.
 
celticwar17 said:
a nd he did absolutely nothing, markets bounce back by themselves... and he should have let some things fail and encouraged the FBI to throw some people in jail.... but that didn't happen
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LOL...LOL... That has NOTHING to do with growth and the economy. So your whole post is useless.
 
Geoist said:
The economy is recovering after a recession? The economic cycle repeats? Who would've thought...

Our economic system is still a house of cards, no doubt, but I fully expected the economy to recover and I expect it to continue to push upwards until around 2019ish when we could possibly expect a mid-cycle recession and then watch the bottom drop out once again around 2026ish.
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Recession? 2008-2009?
 
SenorXm/Sirius said:
LOL...LOL... That has NOTHING to do with growth and the economy. So your whole post is useless.
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I'm really confused as to why you thought I claimed that... very puzzling :doh

I was saying what he should have done... not that that would help the recovery...
 
Jack Hays said:
Growth in BHO's last year only 1.6%. Anemic. Lowest growth rate of any recovery ever.
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It's still growth. He inherited an economy that was hemorrhaging MILLIONS of jobs. The DOW dived to 6,000. I'm not going to praise everything Obama did, or didn't do. But he was left with a **** sandwich. Even in his last year the economy should have been slowing, recessions every 7-8 years.

Trump inherited an economy that is growing. Maybe not a huge growth, but better that bama got. His job will be much easier than Obama's.
 
celticwar17 said:
I'm really confused as to why you thought I claimed that... very puzzling :doh

I was saying what he should have done... not that that would help the recovery...
Click to expand...

This THREAD is about the recovery and the economy. Not the FBI. They have little to do with economic growth.
 
SenorXm/Sirius said:
It's still growth. He inherited an economy that was hemorrhaging MILLIONS of jobs. The DOW dived to 6,000. I'm not going to praise everything Obama did, or didn't do. But he was left with a **** sandwich. Even in his last year the economy should have been slowing, recessions every 7-8 years.

Trump inherited an economy that is growing. Maybe not a huge growth, but better that bama got. His job will be much easier than Obama's.
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We'll have to disagree.
 
The Trump/GOP "tax reform" gambit has a reconciliation-rules deficit ceiling of $1.5 trillion over 10 years.

In order for this "tax-reform" to be "deficit-neutral" dependent on growth [erasing the -$1.5 trillion], a sustained decade-long economic growth rate of 5-6% per annum would be required.
 
Rogue Valley said:
The Trump/GOP "tax reform" gambit has a reconciliation-rules deficit ceiling of $1.5 trillion over 10 years.

In order for this "tax-reform" to be "deficit-neutral" dependent on growth [erasing the -$1.5 trillion], a sustained decade-long economic growth rate of 5-6% per annum would be required.
Click to expand...

I started another thread some time back to argue there's no reason to cut taxes.
 
Jack Hays said:
Is 3% growth sustainable? Is 4% growth achievable? What possibilities would that create?

The Left Is Baffled Over Trump's Economic Revival
Stephen Moore, Investor's Biz Daily


". . . The U.S. economic revival of 3 percent growth has already defied the predictions of almost every Donald Trump critic. I vividly remember debating Hillary Clinton's economic gurus during the campaign: They accused Trump and advisers such as myself of "lying" when we said that pro-growth policies would speed up economic growth to 3 to 4 percent. . . .

"One reason that economist Larry Kudlow and I and others assured Donald Trump that 3 to 4 percent growth was achievable was that Trump could capitalize on the underperformance of the Obama years. Under Obama, business investment fell almost two-thirds below the long-term trend line -- thanks to higher taxes on investment. Now, partly in anticipation of the tax cut, business spending keeps climbing. . . ."
Click to expand...

3%? 4%?

Did you guys already forget how the economy came roaring back under President Obama in spite of congressional GOP attempts to sabotage recovery?

062f6dc45e1c30ae12f720327f7aa190.png


It was actually brilliant political maneuvering by the GOP, as it made sure the recovery would stretch into the next presidency.
 
Absentglare said:
3%? 4%?

Did you guys already forget how the economy came roaring back under President Obama in spite of congressional GOP attempts to sabotage recovery?

062f6dc45e1c30ae12f720327f7aa190.png


It was actually brilliant political maneuvering by the GOP, as it made sure the recovery would stretch into the next presidency.
Click to expand...

The Obama recovery has been the weakest ever. It should have been the strongest - The Boston Globe
The Boston Globe › 2016/01/06 › story

Jan 6, 2016 · The economy under Barack Obama isn't exactly filling voters with confidence, so it's not surprising ... candidates across the spectrum have acknowledged how threadbare this recovery has ... And n
 
Jack Hays said:
Did you notice the thread title is a question? I'm not giving anyone credit for anything. BHO's record, however, can be fairly judged as lackluster: lowest growth of any recovery in history.
Click to expand...

Slow growth is a worldwide phenomena that is related to reduced demand in most of the western world. Trump has done nothing to increase demand.

This slow growth is not some new phenomenon, but rather the way it has been for 15 years and counting. In the United States, per-person gross domestic product rose by an average of 2.2 percent a year from 1947 through 2000 — but starting in 2001 has averaged only 0.9 percent. The economies of Western Europe and Japan have done worse than that.
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https://www.nytimes.com/2016/08/07/upshot/were-in-a-low-growth-world-how-did-we-get-here.html
 
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