2018 US GDP Growth Revised Upward to 3.1% ANNUAL GROWTH

[Grokmaster]

Oops!! There goes ANOTHER FAKE NEWS/LYINGNLEFT "talking point"...and here COMES another TALKING POINT for the President and those who have SUPPORTED HIS POLICIES.


3% ANNUAL GROWTH, exactly as promised, NOW DELIVERED, as opposed to the "New Normal" of Obama...1.6% in 2016.





Despite the softening in GDP in the fourth quarter, overall growth in 2018 was solid. Real GDP grew at a pace of 3.1% in 2018, measured from the fourth quarter of 2017 to the final quarter of 2018. This represented a stronger pace of annual growth than the 3% targeted by the Trump administration

Now current reality and Trump failure Results following the fake and temporary economic boost for midterms

The economic outlook was also darkened by other data on Friday showing factory activity hit a more than two-year low in February, with manufacturers reporting slowing new orders and hiring.

The reports extended the run of soft data on an economy that lost momentum at the tail end of 2018 and gave more credence to the Federal Reserve's "patient" stance towards raising interest rates further this year.

The economy is losing speed as the stimulus from a $1.5 trillion tax cut package and increased government spending fades

Debunked in the OP. Try reading...

 

[Grokmaster]

Oops!! There goes ANOTHER FAKE NEWS/LYINGNLEFT "talking point"...and here COMES another TALKING POINT for the President and those who have SUPPORTED HIS POLICIES.


3% ANNUAL GROWTH, exactly as promised, NOW DELIVERED, as opposed to the "New Normal" of Obama...1.6% in 2016.





Despite the softening in GDP in the fourth quarter, overall growth in 2018 was solid. Real GDP grew at a pace of 3.1% in 2018, measured from the fourth quarter of 2017 to the final quarter of 2018. This represented a stronger pace of annual growth than the 3% targeted by the Trump administration

More reality, Who's really lying
Federal data about the industry tell a different story.

Mine operators and independent contractors are required to report regular employment information to the Department of Labor’s Mine Safety and Health Administration, or MSHA.
Preliminary figures for 2018 show 80,778 people were employed by mine operators and contractors.

That’s a record low, and about a thousand fewer than were employed by coal in the last year of the Obama administration.

Provide BLS links to your claims.

 

[Grokmaster]

It might be hiding on the far side of that trade agreement with China.

He said sustained 3% annual growth.

Look at HOW DISAPPOINTED THE LEFT IS AT GOOD NEWS FOR AMERICANS.



1.6% for Obama's last year....choke on it.

 

[Grokmaster]

You misspelled Kool-Aid. Hurts your case when accusing someone of being an "incompetent boob".

Paul Krugman, likely your favorite liberal economist, predicted a full fledged depression following the election of Trump.

Missed by just a smidge...

My investments are up, my taxes are down, the Feds collected more tax revenue based on 2018 than any previous year ever. These are all good things.

What's your beef?

The left is invested in American failure...as always.

 

[Grokmaster]

Well, this was his high point and he knows it. Like the stock market which became over inflated and had to stall.

Trump's problem is that when all the artificial stimulation is corrected by time, he won't be able to declare bankruptcy as he usually does.

Yeah...and there was going to be a WORLDWIDE RECESSION as soon as he was elected, too, remember?

See the left HOPING FOR BAD NEWS FOR AMEICANS..as always.

 

[noonereal]

Yeah...and there was going to be a WORLDWIDE RECESSION as soon as he was elected, too, remember?

See the left HOPING FOR BAD NEWS FOR AMEICANS..as always.

Never heard of such a prophecy.

Your posts really are ALWAYS totally mindless and only posted to incite. Why? Are you a russian?

 

[Grokmaster]

Never heard of such a prophecy.

Your posts really are ALWAYS totally mindless and only posted to incite. Why? Are you a russian?

Then you are badly uninformed, as your posts prove constantly.

"You never heard of it" =/= a standard for veracity...outside of your feverish , little leftist head.


I know...why not DO SOME RESEARCH??? Here...I'll hold your widdo hand: try "Paul Krugman predicts world wide recession"...for starters...

 

[Grokmaster]

 

[Geoist]

View attachment 67251728

Lol, I just completely obliterated your little RA!RA!TRUMP! thread in one post and all you've got is a lame meme. You were better off if you didn't even respond. :lamo

Btw, congratulations to Trump for having only 0.7% less growth than Obama's best year-over-year. Perhaps you'll beat him on the next year-over-year.

 

[Geoist]

Funny, the only opposition you've gotten to this is what basically accounts to a fluffed up opinion piece.

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.

 

[Bullseye]

The Republicans made a big point about how the economy never grew 3% in any year during Obama’s presidency. It was a wonderful, easy-to-understand symbol of what they depicted as Obama’s economic failures.

The best annual figure under Obama was 2.9% in 2015, and the Trump White House was sure it would beat that this year. It put everything it could into it: lots of jawboning, a big tax cut and a huge increase in government spending.

Unfortunately, the economy fell just short of Trump’s 3% goal post. According to the latest estimates, Trump’s best year just matches Obama’s best.

That’s why the White House switched to the 3.1% year-over-year figure when it touted Trump’s successes in its press release on GDP. The economic difference between 2.9% and 3.1% is trivial, but the political difference is the difference between the Greatest President Ever and the Kenyan Marxist.

Unfortunately for the pro-Trump spin machine, the best year-over-year growth in Obama’s presidency (3.8% from the first quarter of 2014 to the first quarter of 2015) is higher than the best year-over-year growth under Trump (3.1% from the fourth quarter of 2017 to the fourth quarter of 2018).


How the Republicans moved the goal posts on GDP - MarketWatch

But Obama had only the ****ty economy Bush left HIM to boost; Trump had to build on the wonderful, perfect in every way economy Obama passed on to him.

 

[Geoist]

Great job! The United States was successful, no matter how much the Leftists were rooting for failure.

I don't connect the 'success' of inflating another financial/real estate bubble with whoever is president. While a president can have an impact, especially if he/she does something stupid like start a trade war, the overall boom/bust cycle does not care what party the president belongs to.

 

[Geoist]

But Obama had only the ****ty economy Bush left HIM to boost; Trump had to build on the wonderful, perfect in every way economy Obama passed on to him.

Your ignorance of my thoughts on Obama is quite obvious.

 

[Grokmaster]

Lol, I just completely obliterated your little RA!RA!TRUMP! thread in one post and all you've got is a lame meme. You were better off if you didn't even respond. :lamo

Btw, congratulations to Trump for having only 0.7% less growth than Obama's best year-over-year. Perhaps you'll beat him on the next year-over-year.

LOL...oh yes, yes yes! Let's see..yes!! YOU "OBLITERATED IT!!!"




Ummm..let's examine the ACTUAL NUMBERS to SHOW THE WORLD "YOUR BRILLANCE"..SHALL WE???

1st quarter 2019 = 2.2 %

2nd quarter 2019= 4.2 %

3rd quarter 2019 = 3.4%

4th quarter 2019 = 2.6%

Now..this will be VERY SCARY FOR YOU...because it's "MATH" one of the Great Mysteries to the Left, and VERY SCARY for leftists !!!


We add 2.2 + 4.2 + 3.4 + 2.6 and that gives us = 12.4 Now...you still with me???


We then DIVIDE 12.4 by 4, to get the TOTAL, AVERAGE NUMBER...have one of the grownups explain that to you, mmmmkay?

When we DIVIDE 12.4 by 4, we GET 3.1 !!!!! OMIGOSH!!!!

Why...why...why...THAT'S EXACTLY WHAT I SAID THE ANNUAL AVERAGE GROWTH WAS...ISN' T IT???!!!


HOW DID THAT EVER HAPPEN!!!!


AMAZING!!!


• U.S.: real GDP growth by quarter 2011-2018 | Statista


What you "obliterated" is any chance of anyone ever taking any "assertions" on your part seriously . .


Way to JUMP UP, AND TRUMPET YOUR COMPLETE IGNORANCE OF SIMPLE MATH.


Do I need to go through 2016, quarter by quarter to show you how the OBAMIDIOT's last year , was WELL BELOW 2% ?


The data is in the link...

Why don't you ask one of the Smart People where you are, to show you how.


Mmmmkay?

 

[Grokmaster]

Typo'd 2019 for 2018....I'm sure some dillwad will try to pretend "THAT MATTERS".

#worldsworsttypist

 

[Geoist]

LOL...oh yes, yes yes! Let's see..yes!! YOU "OBLITERATED IT!!!"




Ummm..let's examine the ACTUAL NUMBERS to SHOW THE WORLD "YOUR BRILLANCE"..SHALL WE???

Clearly you did not read what I posted. I know reading is scary for some but if you actually made an attempt you would know my point. Why don't you come back to me when you have read the article. Clearly, you have the time as you already have the time to change up your font to appear as arrogant and patronizing as possible. In reality, you just look desperate and foolish.

How pathetic you wasted your time trying to 'show off' your math 'skills' when they have nothing to do with what I posted.

 

[Geoist]

LOL...oh yes, yes yes! Let's see..yes!! YOU "OBLITERATED IT!!!"




Ummm..let's examine the ACTUAL NUMBERS to SHOW THE WORLD "YOUR BRILLANCE"..SHALL WE???

1st quarter 2019 = 2.2 %

2nd quarter 2019= 4.2 %

3rd quarter 2019 = 3.4%

4th quarter 2019 = 2.6%

Now..this will be VERY SCARY FOR YOU...because it's "MATH" one of the Great Mysteries to the Left, and VERY SCARY for leftists !!!

Maybe I'll just shorten the quote for you and bold the important points so it is easier to read. Don't want to strain you too much on the reading! We all know Trump and his cult HATE to read:

Unfortunately, the economy fell just short of Trump’s 3% goal post. According to the latest estimates, Trump’s best year just matches Obama’s best.

That’s why the White House switched to the 3.1% year-over-year figure when it touted Trump’s successes in its press release on GDP. The economic difference between 2.9% and 3.1% is trivial, but the political difference is the difference between the Greatest President Ever and the Kenyan Marxist.

Unfortunately for the pro-Trump spin machine, the best year-over-year growth in Obama’s presidency (3.8% from the first quarter of 2014 to the first quarter of 2015) is higher than the best year-over-year growth under Trump (3.1% from the fourth quarter of 2017 to the fourth quarter of 2018).


How the Republicans moved the goal posts on GDP - MarketWatch

 

[Geoist]

LOL...oh yes, yes yes! Let's see..yes!! YOU "OBLITERATED IT!!!"

 

[code1211]

This part is nonsense.

We Americans live in 5,000 Sq ft. homes and still need to rent storage units for all our junk. Seems our relationships with the world have been pretty damned productive for us.

The operative part of your statement is in the past tense. That's where the corrections should have been made.

The fact that the fixes were not made and the problems were not addressed is what has forced Trump to play catch up.

The Marshall Plan was set up to help the rest of the world re-industrialize. It worked. It's time to treat the other mature economies of the world like they are mature economies.

 

[AlphaOmega]

Do you really think people are blindly against Trump.

Lets test this statement right here. Trumps 2018 GDP, tell us if it was a success.

 

[AlphaOmega]

Maybe I'll just shorten the quote for you and bold the important points so it is easier to read. Don't want to strain you too much on the reading! We all know Trump and his cult HATE to read:

Unfortunately, the economy fell just short of Trump’s 3% goal post. According to the latest estimates, Trump’s best year just matches Obama’s best.

That’s why the White House switched to the 3.1% year-over-year figure when it touted Trump’s successes in its press release on GDP. The economic difference between 2.9% and 3.1% is trivial, but the political difference is the difference between the Greatest President Ever and the Kenyan Marxist.

Unfortunately for the pro-Trump spin machine, the best year-over-year growth in Obama’s presidency (3.8% from the first quarter of 2014 to the first quarter of 2015) is higher than the best year-over-year growth under Trump (3.1% from the fourth quarter of 2017 to the fourth quarter of 2018).


How the Republicans moved the goal posts on GDP - MarketWatch

Lets not torture numbers until they confess. Please tell us which year average Obama had over 3% growth. We will start there.

 

[Xelor]

What Is the Ideal GDP Growth Rate? How Fast Should the Economy Grow?

 

[Sand Castle]

You misspelled Kool-Aid. Hurts your case when accusing someone of being an "incompetent boob".

Paul Krugman, likely your favorite liberal economist, predicted a full fledged depression following the election of Trump.

Missed by just a smidge...

My investments are up, my taxes are down, the Feds collected more tax revenue based on 2018 than any previous year ever. These are all good things.

What's your beef?

Image with my misspelling as Trump is known to do, that I believe I'm qualified to be President of the U. S.

How would I know how to spell coolade, I don't drink that crap. Although, the Trump supporters that blindly follow Trump have a long history of coolade drinking.

And once again, we have a temporary propped up economy for fake voter popularity, along with tax gifts help for wealthy friends.

Even when Democrats take full power and fix the tax code to really help the middle class, Thanks to Trump/ Republicans the top earners already made millions.

 

[Sand Castle]

Great job! The United States was successful, no matter how much the Leftists were rooting for failure.

No, we are worried about temporary economic boosts like Reagan's trickle down economics. Which lead us into a recession and large lay-offs which negatively effected the average working person.

Gifts to cooperate America like the Wall Street crash that the middle class had to bail out.

 

[Sand Castle]

Well, the Stock Markets are forward looking and there was irrational exuberance following the departure of the socialist, strangling controls of Obama.

I "feel" like there are about 1000 points in the DOW that are just laying there waiting for the next trade treaty to be signed.

If that happens, the economy should get goosed pretty good.

Starting with Trump’s inauguration, the Dow has risen from 19,827.3 to 25,075.1 -- an increase of 26 percent. That’s impressive.

But it’s not as impressive as its performance during the equivalent period under Obama. Under Obama, the Dow increased from 7,949.1 to 10,572 — a rise of 33 percent.

In fact, the Dow’s rise was even more impressive under Obama if you start measuring at the market’s low point, on March 9, 2009, during the depths of the Great Recession caused by Bush and Republican tax cutting and spending more than they bring in.

That day, the Dow closed at 6,547. Between then and Jan. 5 — a 10-month period — the Dow rose by a stunning 61 percent. That’s more than three times faster than Trump’s rise over the same period in his term.