2018 US GDP Growth Revised Upward to 3.1% ANNUAL GROWTH

[Sand Castle]

The left is INVESTED IN, and DEPENDENT UPON, American failure...always has been.

Like, the Left that voting in an intelligent man, as compared to Bush and Trump that barely possess an average IQ and lack intellectual curiosity.

This man was Barack Obama who saved us from recession and maybe worse.

Bush and Trump, now that's factually supporting failure. As for the Left, we Leftist supported a great American President.

 

[Sand Castle]

Provide BLS links to your claims.

Easy Google search nice try. Are you hoping other posters read you B.S. statement headlines without researching.

I welcome anyone to do a quick search and see my facts are real and backed up by many journal sites, even Fox Right wing entertainment news.

Well, I guess it's par for the blind Trump supporter course to just read headlines and not research.

 

[code1211]

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.

When was the last time the Democrats cut taxes?

 

[D_NATURED]

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

U.S. economy grew faster than expected in Q4

Will you guys ever quit ****ting on the carpet and calling it a gift? You are borrowing this fake prosperity. You are inflating, yet again, a bubble designed to burst and make the poor poorer.

Unchecked growth is the goal of a cancer.

 

[code1211]

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.

The Stock Markets are forward looking.

Paul Krugman predicted that a deep and long lasting depression would follow trump's election.

The Stock markets react to occurrences and, in this case, they reacted to Trump's election.

In the two years leading up to the election of Trump, the DJIA rose by about 700 points.

In the two years following the election of Trump, the DJIA rose by about 10 times that amount.

Reality is what happens in the real world. In the real world, the DJIA shot up like a rocket after Trump was elected.

During the two years that preceded election day 2016, the DJIA rose by a little over 1000 points. During the two years that followed election day 2016, the DJIA rose by a little over 7000 points.

Not bad. What was the main thing that changed on election day, 2016?

 

[Geoist]

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

And for those who don't like to read, the article can be summarized with one sentence: The ideal rate is between 2 and 3%.

Of course, Trump thinks it would be a great thing to get that GDP growth to 4% or 5% or, heck 6%! Obviously, the moron doesn't understand bubbles, otherwise he never would have started a mortgage company at the peak of the real estate bubble.

 

[Geoist]

Will you guys ever quit ****ting on the carpet and calling it a gift? You are borrowing this fake prosperity. You are inflating, yet again, a bubble designed to burst and make the poor poorer.

Unchecked growth is the goal of a cancer.

"So we're at 3.3 percent GDP. I see no reason why we don't go to 4 percent, 5 percent, and even 6 percent." - Trump

Trump defies data with 6% GDP growth forecast

 

[Bullseye]

Your ignorance of my thoughts on Obama is quite obvious.

No, I'm well aware of your thoughts on Obama, you never miss a chance to mention them; so would say too much, as in "the man doth protest too much".

However it WAS you that mentioned Obama's numbers, so I responded to them.

 

[pinqy]

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?


View attachment 67251759

Where to start? The obvious one is that you cannot add percentages of different bases like that.

Then there's the fact that the quarterly numbers are annualized....meaning the actual growth from one quarter to the next is taken to the fourth power. For example, growth for Q4 2019 was 0.641%. Annualized, that's 1.00641^4=1.026 which is 2.6% growth.

Your result is only coincidentally close (after rounding)

But further more, that is quarter to quarter growth, while usually we look at change in average annual level...which was 2.9% from 2018 to 2019 (pending revisions).

 

[Grokmaster]

Like, the Left that voting in an intelligent man, as compared to Bush and Trump that barely possess an average IQ and lack intellectual curiosity.

This man was Barack Obama who saved us from recession and maybe worse.

Bush and Trump, now that's factually supporting failure. As for the Left, we Leftist supported a great American President.

Who gave us ISIS, and achieved a WHOPPING 1.6% GD growth in his last year, when it was "all his doing".

 

[Grokmaster]

Where to start? The obvious one is that you cannot add percentages of different bases like that.

Then there's the fact that the quarterly numbers are annualized....meaning the actual growth from one quarter to the next is taken to the fourth power. For example, growth for Q4 2019 was 0.641%. Annualized, that's 1.00641^4=1.026 which is 2.6% growth.

Your result is only coincidentally close (after rounding)

But further more, that is quarter to quarter growth, while usually we look at change in average annual level...which was 2.9% from 2018 to 2019 (pending revisions).

:lamo

THAT IS EXACLTY HOW THE ANNUAL GDP IS DETERMINED.


That is how an AVERAGE is reached, and how the GDP annual growth is determined.


Save the silliass bull**** for your fellow MATH-CHALLENGED leftists.

Nothing more hilarious than a LEFTIST PRETENDING TECHNICAL KNOWLEDGE OF....ANYTHING.

 

[pinqy]

Who gave us ISIS, and achieved a WHOPPING 1.6% GD growth in his last year, when it was "all his doing".

You mean 1.9% going from Q4 2015-Q4 2016
Either 2016 was 1.6% growth and 2018 saw 2.9% (change in average GDP year to year) OR
2016 saw 1.9% growth and 2018 saw 3.1% (Q4 - Q4)

You can't use different ways of measuring and compare them to each other.

 

[Grokmaster]

You mean 1.9% going from Q4 2015-Q4 2016
Either 2016 was 1.6% growth and 2018 saw 2.9% (change in average GDP year to year) OR
2016 saw 1.9% growth and 2018 saw 3.1% (Q4 - Q4)

You can't use different ways of measuring and compare them to each other.

Nope. Start at quarter ONE, add the FOUR QUARTERS OF THE YEAR, and then average them.

No ALTERING the DATA; no SILLIASS "FORMULA" to massage the numbers.


ALL GROWTH is based on the prior quarter final GDP.


If the Trump Economy was "obama's doing"..why THE **** was Obama UNDER 2% (again) in his final year?


Play all the ASININE GAMES YOU WANT; the US GDP grew at an annual rate of 3.1% in 2018....choke on it.

 

[Grokmaster]

Will you guys ever quit ****ting on the carpet and calling it a gift? You are borrowing this fake prosperity. You are inflating, yet again, a bubble designed to burst and make the poor poorer.

Unchecked growth is the goal of a cancer.

Wages are FAR OUTPACING INFLATION. Try again.

 

[pinqy]

Nope. Start at quarter ONE, add the FOUR QUARTERS OF THE YEAR, and then average them.

No ALTERING the DATA; no SILLIASS "FORMULA" to massage the numbers.


ALL GROWTH is based on the prior quarter final GDP.


If the Trump Economy was "obama's doing"..why THE **** was Obama UNDER 2% (again) in his final year?


Play all the ASININE GAMES YOU WANT; the US GDP grew at an annual rate of 3.1% in 2018....choke on it.

Ok, let's try your math.
If we start with $1,000,000 in Q4 2017 and growth for 2018 is 2.2%, 4.2%, 3.4%, and 2.6% then how much money do we have after each quarter, now much at the end, and total growth?

By my method:
End of Q1: $1,000,000 * 1.022^.25 = $1,005,455.199
End of Q2: $1,005,455.199 * 1.042^.25 = $1,015,850.161
End of Q3: $1,015,850.161 * 1.034^.25 = $1,024,376.928
End of Q4: $1,024,376,928 * 1.026^.25 = $1,030,970.426
And for Q4 to Q4, $1,030,970.426/$1,000,000 = 1.03097
Subtract 1 and multiply by 100 we get 3.1% growth

Your turn. Show how your math adds up.
My bet is that if you even try, that as soon as you realize it doesn't work out, you'll either not respond or respond without the math, just more insults.

What you will not do is show your math starting with $1,000,000

 

[Grokmaster]

Ok, let's try your math.
If we start with $1,000,000 in Q4 2017 and growth for 2018 is 2.2%, 4.2%, 3.4%, and 2.6% then how much money do we have after each quarter, now much at the end, and total growth?

By my method:
End of Q1: $1,000,000 * 1.022^.25 = $1,005,455.199
End of Q2: $1,005,455.199 * 1.042^.25 = $1,015,850.161
End of Q3: $1,015,850.161 * 1.034^.25 = $1,024,376.928
End of Q4: $1,024,376,928 * 1.026^.25 = $1,030,970.426
And for Q4 to Q4, $1,030,970.426/$1,000,000 = 1.03097
Subtract 1 and multiply by 100 we get 3.1% growth

Your turn. Show how your math adds up.
My bet is that if you even try, that as soon as you realize it doesn't work out, you'll either not respond or respond without the math, just more insults.

What you will not do is show your math starting with $1,000,000

Why go through all that useless circumnavigation, to reach an average of FOUR QUARTERS?

Or, let's just use the UNALTERED, EMPIRICAL DATA of GDP growth per quarter, per calendar year...and then divide by four!!

Woohoo!! The MOST DIRECT METHOD, is ALWAYS THE SUPERIOR METHOD.


The GDP is not an exercise in SUBTRACTION...as wealth is NOT A "ZERO SUM" quantity.


2018 saw 3.1% growth, as you are FORCED TO ADMIT.

Obama's last year, which should have been his CROWNING GLORY, if it TRULY WAS "HIS ECNONOMY" saw a MISERABLE GROWTH of the LESS THAN 2%...AGAIN.


Thank you, POINT MADE.

 

[pinqy]

Why go through all that useless circumnavigation, to reach an average of FOUR QUARTERS?

Or, let's just use the UNALTERED, EMPIRICAL DATA of GDP growth per quarter, per calendar year...and then divide by four!!

Woohoo!! The MOST DIRECT METHOD, is ALWAYS THE SUPERIOR METHOD.


The GDP is not an exercise in SUBTRACTION...as wealth is NOT A "ZERO SUM" quantity.


2018 saw 3.1% growth, as you are FORCED TO ADMIT.

Obama's last year, which should have been his CROWNING GLORY, if it TRULY WAS "HIS ECNONOMY" saw a MISERABLE GROWTH of the LESS THAN 2%...AGAIN.


Thank you, POINT MADE.

Huh, no math, no support of your method, just insults.

Damn I’m good.

 

[Grokmaster]

Huh, no math, no support of your method, just insults.

Damn I’m good.

Excuse me. I appreciate your CONVOLUTED method for determining the AVERAGE OF FOUR NUMBERS.


As we reached the SAME ANSWER, ( 3.1%) it is NOT MORE ACCURATE, just more tedious/roundabout...that's all.


Uneccessary steps.

 

[pinqy]

Excuse me. I appreciate your CONVOLUTED method for determining the AVERAGE OF FOUR NUMBERS.


As we reached the SAME ANSWER, ( 3.1%) it is NOT MORE ACCURATE, just more tedious/roundabout...that's all.


Uneccessary steps.

Try applying those percentages to actual dollar numbers. Then you'll see what I mean. Your averaging won't work. You do understand that those percentages are of change, right? You don't actually need the 1st, second, or third quarter levels of percentages to calculate the 4th quarter to 4th quarter change. BEA certainly doesn't use them.

 

[phattonez]

Wages are FAR OUTPACING INFLATION. Try again.

They are, but I wouldn't call it anything amazing. If the trend continues then maybe.

Now compared to the cost of living?

 

[Diving Mullah]

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

That is economies version of dropping the Mic!

Now what is not funny the true harm this administration is doing to country and will last decades past his presidency.... which is the national debt.

Diving Mullah

 

[bullseyelqcs]

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.

So let me get this straight....

We are supposed to give Trump credit for managing not to derail the turnaround to the economy that Obama presided over? Okay. Good on him for not ****ing up what was already coming around.

It would be a ****load more telling what the numbers would look like had Obama not taken over an already contracting economy from the last guy to give rich guys a tax break all while still spending like a sailor on shore leave.

He better get the China thing right, or his whole house of cards that you are crowing about is gonna come crashing down on top of you and the rest of us. The worst part of that is that when it comes down, its not gonna come down like cards, its gonna come down like ****ing boulders.

Fingers crossed, right?

 

[pinqy]

2018 saw 3.1% growth, as you are FORCED TO ADMIT.

Obama's last year, which should have been his CROWNING GLORY, if it TRULY WAS "HIS ECNONOMY" saw a MISERABLE GROWTH of the LESS THAN 2%...AGAIN.


Thank you, POINT MADE.

Time to set this part straight, and I'll use pictures so you'll understand.

The standard, headline, method of looking at annual change is annual average to annual average so you're looking at what's going on the whole year. Under this standard,GDP never reached 3% growth under Obama, and it hasn't under Truml, either:

But you want to look at the change from one quarter to the same quarter in the next year, to show 3.1% growth.
But using that measure, GDP growth was 3% or higher 4 times under Obama.

So either GDP has not reached 3% growth over a year for either, or it has 4 times under Obama and once under Trump.
You can't use one method for Obama and another for Trump.

 

[Oborosen]

Do you really think people are blindly against Trump.

Actually, people are posting facts that show Trump's negative realities. Unless your are in his economic status.

Voters that watched that boob in the Presidential debates began to worry what his Presidency would bring.

Then his claim of being a great business man, but reality soon surfaced of his many bankrupcies
and business failures.

U.S. Citizens in reality are not going against their own interest, but want to point out reality.

This so blind coolade drinkers will wake up before the incompetent boob makes more negative impacts to this country.

If that's all the opinion you have to offer, then you might actually have to supply more substantial evidence for your stance.

Because I, along with everyone else. Have spent the last three years looking at all of these dame people making doom day esc statements about Trump. Only for them to miss the target, or at worst hit one of their own players.

This constantly repeated pony show is getting boring.

 

[Oborosen]

Opposition? GDP is not an opinion, but fact.

Here is an "opposition" fact that you and Grok can choke on:

U.S. GDP growth will slow to 2.3 percent in 2019 from 3 percent in 2018. It will be 2 percent in 2020, and 1.8 percent in 2021. That's according to the most recent forecast released at the Federal Open Market Committee meeting on December 19, 2018. The projected slowdown in 2019 and beyond is a side effect of the trade war, a key component of Trump's economic policies.

Simply stated, it is Trump's fault that it will be heading lower.

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.