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GDP increases 4.1 percent Q2 2018

Howard the Duck said:
Reagan almost tripled the national debt. Bush almost tripled the national debt.

Budgets are always more responsible under Democrats.
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Yea so now for Trump to double the national debt over Obama he has to borrow over 20 trillion to top Obama.
 
StillServing said:
There are still some elements of the economy that still need help, but this is certainly great news.

It is interesting to note that since 2015, there has been 6 quarters that had GDP growth less than 2%. That' means 43% of the GDP reports were half of this morning's GDP announcement. However, the last time GDP was below 2% was the first quarter of 2017. While many will attempt to argue that this is just a result of the economic policies of the previous administration, the data suggests otherwise.
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But let's not forget that last quarter's number was pretty much the same 2%. One quarter does not a trend make.

However, I do agree this is now Trump's economy. Yes, he was fortunate in inheriting a stable growing economy from Obama, but now it's pretty much Trump's alone.

Also, beware that there was advanced buying this quarter to avoid the tariffs, though I have no idea how large of a component in this report that may be.
 
Howard the Duck said:
Meanwhile, GDP clocked in at +4.1% for the quarter. That's a number Obama exceeded 4 times. But it is the best since Obama ran a +5.2% in q3 of 2014.

Consider the massive stimulus from historic tax cuts and THAT'S IT?

Lmao.

Obama > Trump.[SIZE]
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If it was 3.9% you would be in here blasting it as 100% proof the tax cuts all went to Trump towers. I was much more balanced in my opinion. This is good news, but lets wait and see. 200bn a year tax savings in a 20 trillion economy is hardly massive.
 
Chomsky said:
But let's not forget that last quarter's number was pretty much the same 2%. One quarter does not a trend make.

However, I do agree this is now Trump's economy. Yes, he was fortunate in inheriting a stable growing economy from Obama, but now it's pretty much Trump's alone.

Also, beware that there was advanced buying this quarter to avoid the tariffs, though I have no idea how large of a component in this report that may be.
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The trend is in the last 4 years, which show a steady increase.Capture.jpg
 
jonny5 said:
Certainly this is only one quarter and we'll have to wait and see what happens over a longer term. Theres been quite a lot of policy changes so its hard to pin anything down. However, the trend since Q2 2015 has been up so it appears we are on a upswing. I only hope govt doesnt hurt it with runaway deficits.
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Whether it hurts or not, it looks like runaway deficits are here to stay, and they're still looking at more ways to spend the money we don't have! :(
 
Born Free said:
Yea so now for Trump to double the national debt over Obama he has to borrow over 20 trillion to top Obama.
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Hey, don't cheer him on! :2razz:

But I'm wondering: Conversely, does this mean to cut unemployment to less than half - like Obama did - Trump needs to get it down below 2.3%?
 
jonny5 said:
The trend is in the last 4 years, which show a steady increase.View attachment 67237030
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What I'm seeing is not much change, if you eliminate this last quarter, though perhaps less variance. I'd need a couple more data-points to see a substantive change in slope.
 
Chomsky said:
What I'm seeing is not much change, if you eliminate this last quarter, though perhaps less variance. I'd need a couple more data-points to see a substantive change in slope.
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I see an obvious pattern from 2015 Q4 low to now. You see a jump in the beginning of the year, then a slight decline, then a bigger jump, slight decline, bigger jump. Thats acceleration.
 
Chomsky said:
Whether it hurts or not, it looks like runaway deficits are here to stay, and they're still looking at more ways to spend the money we don't have! :(
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We'll see. Maybe Trump will tackle entitlements next. Mandatory spending is responsible for most of the increase in spending in the next 10 years. Interest on the debt being the next largest increase.
 
jonny5 said:
I see an obvious pattern from 2015 Q4 low to now. You see a jump in the beginning of the year, then a slight decline, then a bigger jump, slight decline, bigger jump. Thats acceleration.
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Perhaps.

Like I said, I need another data-point or two to sign on. I'm neither denier nor believer, at this point.
 
jonny5 said:
We'll see. Maybe Trump will tackle entitlements next. Mandatory spending is responsible for most of the increase in spending in the next 10 years. Interest on the debt being the next largest increase.
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Debt service does indeed bother me, and as it grows it will make me even more averse to the tax cuts - whether they are effective or not.

I'm fine with eliminating the fraud in entitlements, but I do believe we need reasonable & rationale safety nets. Of course the definition of "reasonable & rationale", means a lot of different things to a lot of different people.
 
Chomsky said:
Debt service does indeed bother me, and as it grows it will make me even more averse to the tax cuts - whether they are effective or not.

I'm fine with eliminating the fraud in entitlements, but I do believe we need reasonable & rationale safety nets. Of course the definition of "reasonable & rationale", means a lot of different things to a lot of different people.
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Of course, and while i would prefer to get rid of them entirely at the federal level, something reasonable at the state or local level would be more tolerable. Each state or locale can come up with the best plan for their citizens. Single payer in vermont if they want. Privatization in Texas if they want.
 
Howard the Duck said:
Well he's off to a good start by running $1+ trillion annual budget deficits as far as the eye can see.
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He's in 1-1/2 years so far and has not reached your 1 trillion, thus still has 20 trillion to go.
 
Born Free said:
And you thought Hillary was going to win.
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Yep, most of us didn't know Trump had some Russian at his back. He thanks Vladimir daily.

Born Free said:
That's the other thing, Russia, Russia, Russia, yet the real Russia story is your Hillary paid for a phony Dossier that the information was created by Russians that was used by the the FBI who was in her pocket to get a FISA warrant to spy on Trump's campaign.
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Conspiracy theory is down the hall. Meanwhile, there are multiple sites that will help you fact check... things like the Dossier being "phony" and it being the reason that the FBI obtained a FISA warrant.
 
Tanngrisnir said:
Fun to watch you compel yourself into thinking this is about Hillary Clinton.
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Reading interpretation, this is not about Hillary but you, and it was you that was dead sure Hillary was going to win. So much for your credibility.
 
Born Free said:
Reading interpretation, this is not about Hillary but you, and it was you that was dead sure Hillary was going to win. So much for your credibility.
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You can clench your tiny fists white in impotent rage all you'd like, but it won't change the fact that this isn't about me or Hillary Clinton or her winning or losing.

Please stop getting so upset.
 
Chomsky said:
Hey, don't cheer him on! :2razz:

But I'm wondering: Conversely, does this mean to cut unemployment to less than half - like Obama did - Trump needs to get it down below 2.3%?
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I see you don't understand the true employment rate, under Obama he had the lowest labor participation rate under his watch and presided over the worst recovery in US History and borrowed 10 trillion in 8 yrs to even achieve that. Now go cheer for your Obama.
 
upsideguy said:
Yep, most of us didn't know Trump had some Russian at his back. He thanks Vladimir daily.



Conspiracy theory is down the hall. Meanwhile, there are multiple sites that will help you fact check... things like the Dossier being "phony" and it being the reason that the FBI obtained a FISA warrant.
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I take from your statement, the paid for dossier by Hillary has been corroborated by the FBI to be true and accurate. And the FBI used this corroborated dossier to spy on the Trump campaign and brought charges against who?
 
Tanngrisnir said:
You can clench your tiny fists white in impotent rage all you'd like, but it won't change the fact that this isn't about me or Hillary Clinton or her winning or losing.

Please stop getting so upset.
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How can I be upset that Hillary lost? Shake your head. This is about you having no credibility.
 
Born Free said:
How can I be upset that Hillary lost? Shake your head. This is about you having no credibility.
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I accept your admission that you're in waaaay over your head and have no ability to respond to anything rationally.

Go ahead and have the last word.

It's blindly clear that you need it.

Sorry this has reduced you to an emotional wreck.
 
Tanngrisnir said:
I accept your admission that you're in waaaay over your head and have no ability to respond to anything rationally.

Go ahead and have the last word.

It's blindly clear that you need it.

Sorry this has reduced you to an emotional wreck.
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By :2wave:
 
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