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Trump's Booming Economy Continues Unabated

PragmaticOne

PragmaticOne

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California - Home of the Loony Left
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Manufacturing is growing at its fastest pace in 14 years as the Trump economy continues to roll along.

“American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a survey of industry executives.

“The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.

Readings over 50% indicate more companies are expanding instead of shrinking.

“The ISM’s new-orders index climbed 3.2 points to 65.1% and the employment gauge rose 2 points to 58.5%. Some 16 of the 18 industries tracked by ISM reported expanding in August.

The ISM index is compiled from a survey of executives who order raw materials and other supplies for their companies. The gauge tends to rise or fall in tandem with the health of the economy.

“Growth in the U.S. economy exploded in the spring and the third quarter that got underway in July is also shaping up to be a good one. The economy is firing on almost all cylinders.

“‘Business continues to be strong. We anticipate growth in the next few months,’ an executive at a maker of plastics and rubber products told ISM.”



https://www.marketwatch.com/story/a...fastest-pace-in-14-years-ism-finds-2018-09-04
 

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PragmaticOne said:
Manufacturing is growing at its fastest pace in 14 years as the Trump economy continues to roll along.

“American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a survey of industry executives.

“The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.

Readings over 50% indicate more companies are expanding instead of shrinking.

“The ISM’s new-orders index climbed 3.2 points to 65.1% and the employment gauge rose 2 points to 58.5%. Some 16 of the 18 industries tracked by ISM reported expanding in August.

The ISM index is compiled from a survey of executives who order raw materials and other supplies for their companies. The gauge tends to rise or fall in tandem with the health of the economy.

“Growth in the U.S. economy exploded in the spring and the third quarter that got underway in July is also shaping up to be a good one. The economy is firing on almost all cylinders.

“‘Business continues to be strong. We anticipate growth in the next few months,’ an executive at a maker of plastics and rubber products told ISM.”



https://www.marketwatch.com/story/a...fastest-pace-in-14-years-ism-finds-2018-09-04
Click to expand...

If the market crashes is Trump at fault?
 
PragmaticOne said:
Manufacturing is growing at its fastest pace in 14 years as the Trump economy continues to roll along.

“American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a survey of industry executives.

“The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.

Readings over 50% indicate more companies are expanding instead of shrinking.

“The ISM’s new-orders index climbed 3.2 points to 65.1% and the employment gauge rose 2 points to 58.5%. Some 16 of the 18 industries tracked by ISM reported expanding in August.

The ISM index is compiled from a survey of executives who order raw materials and other supplies for their companies. The gauge tends to rise or fall in tandem with the health of the economy.

“Growth in the U.S. economy exploded in the spring and the third quarter that got underway in July is also shaping up to be a good one. The economy is firing on almost all cylinders.

“‘Business continues to be strong. We anticipate growth in the next few months,’ an executive at a maker of plastics and rubber products told ISM.”



https://www.marketwatch.com/story/a...fastest-pace-in-14-years-ism-finds-2018-09-04
Click to expand...
Looks as though the largest manufacturing expansion happened between 2016 and 2017. So it looks like Trump simply picked up where his predecessor left off, no?
 
LincolnRossiter said:
Looks as though the largest manufacturing expansion happened between 2016 and 2017. So it looks like Trump simply picked up where his predecessor left off, no?
Click to expand...

That cannot be- no credit what so ever will be given to the President that inherited a fiscal disaster, akin to the Dirty 30's
 
JANFU said:
If the market crashes is Trump at fault?
Click to expand...

Nope that would be Obama's fault. :lamo

I can't believe what rubes people are. The president inherits an expanding economy and automatically it's Trump's economy. But Obama inherits the biggest recession in history, and it's his fault the deficit increases because receipts were down. Why are people so damn stupid?
 
EnigmaO01 said:
Nope that would be Obama's fault. :lamo

I can't believe what rubes people are. The president inherits an expanding economy and automatically it's Trump's economy. But Obama inherits the biggest recession in history, and it's his fault the deficit increases because receipts were down. Why are people so damn stupid?
Click to expand...
Obama gets credit/blame for what happened on his watch same as trump. If the economy dips trump owns his management of it.

everyone was making excuses for why Obama economy was not doing better under him and predicting how trump was going to crash it. Trump is leaving it in the dust and he deserves credit for that.

Sent from my SAMSUNG-SGH-I467 using Tapatalk
 
chuckiechan said:
Actually, if the Dems take the house it will be.
Click to expand...

How so- the Republicans control the Senate and the President is Republican. You are aware of the Veto a President has, along with reconciliation when a House - Senate bill differs?
Making excuses ahead of the mid term slaughter and market crash?
 
trouble13 said:
Obama gets credit/blame for what happened on his watch same as trump. If the economy dips trump owns his management of it.

everyone was making excuses for why Obama economy was not doing better under him and predicting how trump was going to crash it. Trump is leaving it in the dust and he deserves credit for that.

Sent from my SAMSUNG-SGH-I467 using Tapatalk
Click to expand...

Thing is a President has little to no control or influence over the economy. Exception would be trade sanctions/tariffs, unsettling the market with wold asses policies, then Trump would wear that.
 
JANFU said:
Thing is a President has little to no control or influence over the economy. Exception would be trade sanctions/tariffs, unsettling the market with wold asses policies, then Trump would wear that.
Click to expand...
I agree

He owns the consequences good or bad of his

Trade negotiations
Regulatory policy
Tax cuts
Deficit spending
All of it belongs to him

Sent from my SAMSUNG-SGH-I467 using Tapatalk
 
EnigmaO01 said:
Nope that would be Obama's fault. :lamo

I can't believe what rubes people are. The president inherits an expanding economy and automatically it's Trump's economy. But Obama inherits the biggest recession in history, and it's his fault the deficit increases because receipts were down. Why are people so damn stupid?
Click to expand...

Well, Rube to Rube, Obama’s economy rose in the gap created by the recession and flattened out as pent up demands was satisfied by the recently re-employed. Unemployment increases were the unemployed going back to work, many of whom were part time.

Trumps changes removed many of the structural disincentives Obama laid on business in the form of over regulation, and cut taxes to boot. Trump gave business a reason to achieve and a government supportive of business interests.

To try to minimize Trumps economic changes and credit Obama for them is a fools errand based on misunderstanding the Obama economy and the Trump economy.

Either way, if the dems win in November they will stall it, and if they take tne White House in 2020 they will kill it and back we go to the Obama malaise.

If you learn anything in life, learn that in simple terms, 100% of the nations income originates in the private sector as a taxed share of business productivity. Spending over that is printed. That’s it. There is no other domestic place to get taxes.
 
trouble13 said:
I agree

He owns the consequences good or bad of his

Trade negotiations
Regulatory policy
Tax cuts
Deficit spending
All of it belongs to him

Sent from my SAMSUNG-SGH-I467 using Tapatalk
Click to expand...

Yes and they are a fiscal and environmental disaster.
 
chuckiechan said:
Well, Rube to Rube, Obama’s economy rose in the gap created by the recession and flattened out as pent up demands was satisfied by the recently re-employed. Unemployment increases were the unemployed going back to work, many of whom were part time.

Trumps changes removed many of the structural disincentives Obama laid on business in the form of over regulation, and cut taxes to boot. Trump gave business a reason to achieve and a government supportive of business interests.

To try to minimize Trumps economic changes and credit Obama for them is a fools errand based on misunderstanding the Obama economy and the Trump economy.

Either way, if the dems win in November they will stall it, and if they take tne White House in 2020 they will kill it and back we go to the Obama malaise.

If you learn anything in life, learn that in simple terms, 100% of the nations income originates in the private sector as a taxed share of business productivity. Spending over that is printed. That’s it. There is no other domestic place to get taxes.
Click to expand...


Yes, the recession ended in June 2009, and the Obama economy staggered along at a snail's pace for seven years. Trump, an astute businessman and not a "community organizer," has kicked the economy into overdrive.
 
PragmaticOne said:
Manufacturing is growing at its fastest pace in 14 years as the Trump economy continues to roll along.

“American manufacturers are on a roll: Business conditions surged in August to a 14-year high, according to a survey of industry executives.

“The Institute for Supply Management said its manufacturing index jumped to a 14-year high of 61.3% last month from 58.1% in July. Economists surveyed by MarketWatch had forecast the index to total 57.9%.

Readings over 50% indicate more companies are expanding instead of shrinking.

“The ISM’s new-orders index climbed 3.2 points to 65.1% and the employment gauge rose 2 points to 58.5%. Some 16 of the 18 industries tracked by ISM reported expanding in August.

The ISM index is compiled from a survey of executives who order raw materials and other supplies for their companies. The gauge tends to rise or fall in tandem with the health of the economy.

“Growth in the U.S. economy exploded in the spring and the third quarter that got underway in July is also shaping up to be a good one. The economy is firing on almost all cylinders.

“‘Business continues to be strong. We anticipate growth in the next few months,’ an executive at a maker of plastics and rubber products told ISM.”



https://www.marketwatch.com/story/a...fastest-pace-in-14-years-ism-finds-2018-09-04
Click to expand...

I'm glad you provided a full chart this time that allows us to put the numbers into context.

We clearly see this metric is highly volatile. We hit 60% in 2011 and most of the current expansion happened before Trump took office.

I don't see anything special in these numbers. We'll have to wait a few years to see if we have real manufacturing growth.
 
PragmaticOne said:
Yes, the recession ended in June 2009, and the Obama economy staggered along at a snail's pace for seven years. Trump, an astute businessman and not a "community organizer," has kicked the economy into overdrive.
Click to expand...

We all see the charts. Numbers are numbers. You're embarrassing yourself.

Moreover, Trump is not an astute businessman. He's an astute promoter. His business ventures are all failures. All that is left is his branding business which is just promotion. And everyone around him knows he's a moron and says so behind his back based on multiple accounts.
 
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