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2018 US GDP Growth Revised Upward to 3.1% ANNUAL GROWTH

Geoist said:
Are you saying the Trump Administration did not switch to year-over-year growth to push their number past 3.0%? If we were to do that for Obama, too, his best year-over-year was 3.8%, so he still has Trump beat. Grok's thread is nothing but political spin.
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I wouldn't care either way. Truth being, is that people said all through the election cycle that Trump could and would destroy our economy. But looking at it now, I found that prospect highly doubtful. Even if I were somehow seeking to validate this with putting a number to Obama's presidency. I would still relieve him of some burden, because of the mess we were coming off of, at that time. It still would not change just how poorly the economy was doing then, compared to what it is now.
 
Oborosen said:
Yeah.. lets just take that as some form of reality for once and throw actual thought to the wind.
I never really cared about the claims for the GDP. But this constant sabre rattling, from both sides. Has got to be one of the most childish topics I've seen on DP in a long time.

I'd like to see if this prediction actually comes to fruition. But that would be a waste of my time, because it most likely wont and when it fails to come about. I wont care to actually bring it up and you will have most likely forgotten about this conversation at that point.

Continuing with this idiocy is nonsense.
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Evidently you are not a trader, investor, or someone that knows much about economic issues because GDP is what all nations use to determine how well the economy of their nations are doing.

The President's decisions that effect trade, employment, business, investment and the economy affect GDP and through GDP it is often determined if the President is doing a good job or not. For example, were you aware of how important GDP is to China? China GDP has been going down but it still is triple of what ours is, and that is how Xi is judged by.

So the fact that GDP is expected to head lower is a direct result of Trump's actions. When he ran for the Presidency, he was saying we would have 5 or even 6% GDP and the fact it is heading south instead or north is a big deal as it means how our nation is doing economically and that is the one thing that he ran on and one of the main reasons he was elected. He is failing at it and it will be one of the main campaign issues in 2020
 
Luckyone said:
Evidently you are not a trader, investor, or someone that knows much about economic issues because GDP is what all nations use to determine how well the economy of their nations are doing.

The President's decisions that effect trade, employment, business, investment and the economy affect GDP and through GDP it is often determined if the President is doing a good job or not. For example, were you aware of how important GDP is to China? China GDP has been going down but it still is triple of what ours is, and that is how Xi is judged by.

So the fact that GDP is expected to head lower is a direct result of Trump's actions. When he ran for the Presidency, he was saying we would have 5 or even 6% GDP and the fact it is heading south instead or north is a big deal as it means how our nation is doing economically and that is the one thing that he ran on and one of the main reasons he was elected. He is failing at it and it will be one of the main campaign issues in 2020
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I don't care for predictions, or boastings. I care for what actually happens.
 
The left hates Trump and the economic success so much that lying about the numbers is perfectly acceptable to the left. They would rather ruin the economy by electing a leftist socialist who will ruin the economy by spending, taxing, over regulating than having a President they don't like. Amazing.
 
Luckyone said:
So you have no interest in prevention of problems,eh?
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No interest in FAILED SOLUTIONS, for IMAGINARY PROBLEMS...which is the entire history of the left.
 
Oborosen said:
I wouldn't care either way. Truth being, is that people said all through the election cycle that Trump could and would destroy our economy.
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Yes, there were people saying this. For what it is worth, I was not one of them. I saw signs that the economy was on an upward swing and neither Clinton or Trump were going to prevent that from happening. While I believe most conservative economic policies hurt the economy in the long run, those policies often give economies a shot of adrenaline in the short run (e.g. tax cuts). However, I believe the overall impact presidents have on the economy is largely overblown. We have followed a pretty regular boom/bust cycle for over 200 years. While presidents can take actions to lessen or exacerbate the problems, they really don't take any actions that would actually prevent bubbles.
 
Kushinator said:
Current PE ratios are currently distorted, and there doesn't look to be much in the form of forward guidance suggesting companies will exceed earnings growth.



GDP is set to decline from 2.9% in 2018 to 2.4% in 2019.
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Economic predictions of doom are nothing new in the Trump era.

Immediately after Trump's Election, Paul Krugman wrote in the New York Times in part:

"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?
<snip>
The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.
<snip>
So we are very probably looking at a global recession, with no end in sight."

Immediately after he wrote this, the Stock Markets took off into orbit and the American people experienced an increase in personal wealth of about 9 Trillion dollars.

In listening to any economist or any one else for that matter, the first thing you need to do is determine if that person has an agenda outside of the topic matter they present.

As it turns out, everyone does.

Regarding Krugman, after he was, ONCE AGAIN, absolutely wrong in the most devastating way on every point he presented, how was his reputation impacted? It was enhanced.

Krugman is STILL employed by the New York Times, STILL bashing Trump and STILL wrong every day in every way.

I find this interesting in a "How stupid do they think I am" kind of a way.
 
Kushinator said:
Job creation grinds to a near-halt in February; wages still on the rise.

You are welcome to make a wager regarding where you see the economy in a year. ;)
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Why did you edit my post?

Krugman's favorite president of all time, Barrack Obama, created 8.9 million jobs in 8 years starting at the depth of the Great Recession.

Krugman's night mare option, Trump, has created 4.7 jobs in 2 years and 2 months. Stay tuned.

Within this puny jobs report following the very robust jobs report of January, there was the nugget that wages increased year over year by about 3.8% for February.

Jobs continue to grow, wages continue to rise.

As a fairly traditional American, I always bet on optimism.
 
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