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Trump bear market

MTAtech said:
When people make claims about things numeric, they really should look at the numbers. We understand that it is right-wing dogma that Obama had a disaster economy for eight years. The numbers tell a different story. Also, there is no magic about 3% annual GDP growth. 2015, under Obama, was 2.9%. So yeah, there is so much difference between 2.9 and 3.0.

Moreover, 2017 GDP was 2.2% annual. 2018, if it at 3% or more, it's because of two of the quarters, one being a high 4.2%. Below is GDP quarterly growth. There isn't much diff between the last two years and the preceding 8 years.

fredgraph.png
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The tax cuts certainly boosted the economy, and even increased tax revenues. That is something leftists never seem to understand.
 
Virgil Jones said:
The tax cuts certainly boosted the economy, and even increased tax revenues. That is something leftists never seem to understand.
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Those tax-cuts provided a small amount of stimulus in an economy that needed no stimulus and reduced tax revenue.

fredgraph.png
 
MTAtech said:
Those tax-cuts provided a small amount of stimulus in an economy that needed no stimulus and reduced tax revenue.

fredgraph.png
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Then why did the tax revenues go up?
 
MTAtech said:
The claim that tax revenue went up is undercut by the fact that tax revenue fell, as the graph indicates.
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Anyone tell that to the Treasury Department and the CBO - they both reported revenue increases. Your chart looks like it's reporting net values (revenue - spending) even though it doesn't say so.
 
Bullseye said:
Anyone tell that to the Treasury Department and the CBO - they both reported revenue increases. Your chart looks like it's reporting net values (revenue - spending) even though it doesn't say so.
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As the Y-Axis states, "change from year ago, billions of dollars." Each of the quarters of 2018 had less revenue than the same quarter in 2017.
 
MTAtech said:
As the Y-Axis states, "change from year ago, billions of dollars." Each of the quarters of 2018 had less revenue than the same quarter in 2017.
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Again, not what CBO and treasury says. CBO says spending was 9% higher this past quarter than same quarter last year. Just in case you don't understand tax cuts don't cause spending.
 
Bullseye said:
Anyone tell that to the Treasury Department and the CBO - they both reported revenue increases. Your chart looks like it's reporting net values (revenue - spending) even though it doesn't say so.
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Jeez, I thought when revenues went up, that meant they took in more money, but apparently other people claim otherwise. I wonder what party those people belong to?
 
Bullseye said:
Again, not what CBO and treasury says. CBO says spending was 9% higher this past quarter than same quarter last year. Just in case you don't understand tax cuts don't cause spending.
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Spending is a disease that is completely separate from tax cuts and increased revenue.
 
99percenter said:
Now that trumps policies are fully implemented, we are entering a bear market, Housing market is stumbling. Are we in a situation similar to 2008 where it will all go to ****?
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The economy is headed for an 'adjustment' according to fiscal experts. What that means is a crash is coming. Democrats will be blaming Trump and will not be blaming their own bad policies for the coming problems, but they should.
 
Virgil Jones said:
Jeez, I thought when revenues went up, that meant they took in more money, but apparently other people claim otherwise. I wonder what party those people belong to?
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Most belong to the cult of Progressivist. One of their prime believes is that, with the exception of military spending, not a single penny of government spending can be cut without catastrophic consequence to every facet of American life.
 
Bullseye said:
Most belong to the cult of Progressivist. One of their prime believes is that, with the exception of military spending, not a single penny of government spending can be cut without catastrophic consequence to every facet of American life.
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Revenues have been way up since the tax cuts, but an interest in cutting spending is a pipe dream. It is just more of the same with Trump, I love what he is doing other than this one thing, spending is not decreasing at all.
 
Virgil Jones said:
Revenues have been way up since the tax cuts, but an interest in cutting spending is a pipe dream. It is just more of the same with Trump, I love what he is doing other than this one thing, spending is not decreasing at all.
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Trump is the most fiscally irresponsible president in US history. He has shot the national debt up at record levels. When it is all said and done, the nation will be bankrupt because of trump's failed economic policies.
 
99percenter said:
Trump is the most fiscally irresponsible president in US history. He has shot the national debt up at record levels. When it is all said and done, the nation will be bankrupt because of trump's failed economic policies.
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You surely missed the previous 8 years. Perhaps CNN is saying this, but I cannot tell how much you are being lied to.
 
Virgil Jones said:
You surely missed the previous 8 years. Perhaps CNN is saying this, but I cannot tell how much you are being lied to.
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Apparently you did. Obama lowered bush's $1.9 trillion deficit to a measly $400 billion. Reagan and bush also exploded the deficit which clinton paid off and turned into a surplus. it is starting to be a common theme. Republicans bankrupting our nation and dems saving us. You should stop calling yourself a conservative because clearly you are not by supporting the failed recessionary socialist policies of republican presidents.
 
Virgil Jones said:
Revenues have been way up since the tax cuts, but an interest in cutting spending is a pipe dream. It is just more of the same with Trump, I love what he is doing other than this one thing, spending is not decreasing at all.
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I agree. Neither party are very enthusiastic about spending cuts except during campaigning season.
 
99percenter said:
Trump is the most fiscally irresponsible president in US history. He has shot the national debt up at record levels. When it is all said and done, the nation will be bankrupt because of trump's failed economic policies.
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Baloney. Obama still holds the record at trillion in new debt during hid presidency.
 
Bullseye said:
Baloney. Obama still holds the record at trillion in new debt during hid presidency.
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Except he lowered the deficit every year he was in office and never had a $1 trillion deficit. Bush took a surplus and turned it in to a $1.9 dollar deficit. If you were a true libertarian than you would complain about that instead of a deficit cutter in obama.
 
99percenter said:
Except he lowered the deficit every year he was in office and never had a $1 trillion deficit. Bush took a surplus and turned it in to a $1.9 dollar deficit. If you were a true libertarian than you would complain about that instead of a deficit cutter in obama.
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So far, Obama is the only US president with a trillion dollar deficit. The highest deficit under Bush was half a trillion. I don't know what world you live in, but it is not ours.
 
Virgil Jones said:
So far, Obama is the only US president with a trillion dollar deficit. The highest deficit under Bush was half a trillion. I don't know what world you live in, but it is not ours.
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Obama doubled our debt from $10 trillion to $20 trillion, which means he spent as much as all previous presidents combined in borrowing. Please get a hold of yourself, there is wrong, and then their is amazingly wrong.
 
99percenter said:
Except he lowered the deficit every year he was in office and never had a $1 trillion deficit.
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Not even close to true - he ran FOUR TRILLION DOLLAR PLUS deficits totaling over $5.5 trillion. He only got below a trillion when Dems controlled and wrote the budget/appropriation bills.

99percenter said:
Bush took a surplus and turned it in to a $1.9 dollar deficit. If you were a true libertarian than you would complain about that instead of a deficit cutter in obama.
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Again totally false - the deficit went as low as 163 billion for an entire year; then the Dems took control of Congress and all bets were off. Obama had trillion dollar deficits in the first for years he was in office.
 
Virgil Jones said:
So far, Obama is the only US president with a trillion dollar deficit. The highest deficit under Bush was half a trillion. I don't know what world you live in, but it is not ours.
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Bush's last deficit was $1.9 trillion. Not sure why you make stuff up.
 
Virgil Jones said:
Obama doubled our debt from $10 trillion to $20 trillion, which means he spent as much as all previous presidents combined in borrowing. Please get a hold of yourself, there is wrong, and then their is amazingly wrong.
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bush doubled the debt from $5 trillion to $10 trillion. That means that he also spent more than the previous presidents combined. Reagan tripled the debt. This is whats wrong with you partisans. You only look at the D and R and fail to look at results.
 
Bullseye said:
Not even close to true - he ran FOUR TRILLION DOLLAR PLUS deficits totaling over $5.5 trillion. He only got below a trillion when Dems controlled and wrote the budget/appropriation bills.


Again totally false - the deficit went as low as 163 billion for an entire year; then the Dems took control of Congress and all bets were off. Obama had trillion dollar deficits in the first for years he was in office.
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Bush's last deficit in 2009 was $1.9 trillion due to his failed economic policies.
 
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