America's economy grew at its weakest pace since Trump took office

[Conservative]

Yeah, I'd say that's a problem.

That's because people like you have no understanding of what makes up the deficit as you don't even know the components of GDP. Trump controls the discretionary budget which is up 100 billion in three years over the last Obama spending year. Until you and others address the real problem entitlement spending, federal social engineering creating dependence I will continue to support allowing taxpayers to keep more of what they earn

 

[Michael Cole]

Yes, that is fun almost triple what he got in 2016, and that is devastating to the radical left

You should read past the second sentence Cons. And you should check the links included in the articles you reference.

 

[Kushinator]

That's because people like you have no understanding of what makes up the deficit as you don't even know the components of GDP.

Please stop pretending to be anything other than a complete partisan hack. You're not an expert on macroeconomics.

Trump controls the discretionary budget which is up 100 billion in three years over the last Obama spending year. Until you and others address the real problem entitlement spending, federal social engineering creating dependence I will continue to support allowing taxpayers to keep more of what they earn

This is a cop out. The only time you care about deficits is when Democrats win elections. Then... deficits and debt are problems. That's called hypocrisy.

 

[Michael Cole]

[URL="https://www.debatepolitics.com/breaking-news-mainstream-media/383387-americas-economy-grew-its-weakest-pace-since-trump-took-office-post1071265796.html]Post # 33.[/URL]

Thank you again.

I feel like an idiot. Like Charlie Brown. Not because Trump pulled the football away, but because i again forgot the answers to my questions come from another realm. Silly me. Expecting a rational thought or two.

(You'd think I could make it through a two minute clip, but I only got half way. I'd ask if I missed anything, but I'm done Charlie Brownin for today.)

 

[Chomsky]

Cutting services would slow down any potential recovery. There really is only 1 solution... go deeper into debt, and then put forth policy that reduces deficits during economic expansions. The problem is that Congress wants to be re-elected, and citizens have a tendency of voting against their own best interests

Agreed. But if Republicans are in control, do you doubt they won't try to curtail Medicaid and/or Social Security? I very much believe they will.

 

[Fletch]

Says the guy who just tried to instill fear of a "pull back."

That would only instill fear into people who believe economies only expand.

 

[Kushinator]

Agreed. But if Republicans are in control, do you doubt they won't try to curtail Medicaid and/or Social Security? I very much believe they will.

They didn't curtail it when they were in control. I very much doubt they will in the future.

 

[American]

Medicare for All and The Green New Deal will get us out of the hole for sure. :mrgreen:

 

[Kushinator]

Medicare for All and The Green New Deal will get us out of the hole for sure. :mrgreen:

Aren't you supposed to be celebrating 2.3% economic growth? :lamo

 

[Metric Mouse]

Cutting services would slow down any potential recovery. There really is only 1 solution... go deeper into debt, and then put forth policy that reduces deficits during economic expansions. The problem is that Congress wants to be re-elected, and citizens have a tendency of voting against their own best interests

So would now, with a roaring economy, be the time to cut services to reduce the deficit and shore up the budget? I don't see that going over very well, politically.

 

[American]

Aren't you supposed to be celebrating 2.3% economic growth? :lamo

More than Obomba.

 

[Conservative]

You should read past the second sentence Cons. And you should check the links included in the articles you reference.

I have checked the links, why is it so hard for you to actually check the data posted? Independents would do that. Trump got what 10% in the last election? 26% is almost triple, over 30% is

It is interesting how bad the left is in wanting to keep more of your money and how they blame deficits on the tax cuts all because the Unified budget doesn't resonate with the left nor does state and local gov't responsibilities

 

[Conservative]

More than Obomba.

You aren't going to get anyone on the left to even acknowledge the following dollar growth changes just like they aren't going to recognize the Obama stimulus was included in the GDP numbers for Obama.

DP and Dollar change
2013 16974.9
2014 17527.7 552,8
2015 18224.8 697.1
2016 18715.0 490.2
2017 19519.4 804.4
2018 20580.2 1006.1 Notice the drop from 697 billion growth to 490 billion growth then the surge. Trump inherited the 18.7 economy that is now approaching 22 trillion

 

[Kushinator]

So would now, with a roaring economy, be the time to cut services to reduce the deficit and shore up the budget? I don't see that going over very well, politically.

Yep. And therein lies the problem. A more politically popular (and less economically destructive) is to raise taxes.

 

[Kushinator]

More than Obomba.

Only if you cherry pick and ignore the global economic climate during the Obama administration. Obama had to deal with a lesser depression. Trump was handed the keys to an economy that had been averaging job growth of 2+ million annually for 5 years.

We were told, by Trump and his supporters, that cutting taxes (raising deficits) and regulations was going to lead to 3%, 4%, 5%, and maybe even 6% economic growth. What happened? No need, as i don't expect you to be able to answer as to why the President failed you. He didn't fail me....

 

[Kushinator]

:laughat:

You aren't going to get anyone on the left to even acknowledge the following dollar growth changes just like they aren't going to recognize the Obama stimulus was included in the GDP numbers for Obama.

DP and Dollar change
2013 16974.9
2014 17527.7 552,8
2015 18224.8 697.1
2016 18715.0 490.2
2017 19519.4 804.4
2018 20580.2 1006.1
2019 21429 848.8 Notice the drop from 697 billion growth to 490 billion growth then the surge. Trump inherited the 18.7 economy that is now approaching 22 trillion

Notice the drop from $1060 billion to $848 billion. :lamo

Once again Conman... your dishonesty, hypocrisy, and rabid partisanship are on full display.

 

[Metric Mouse]

Yep. And therein lies the problem. A more politically popular (and less economically destructive) is to raise taxes.

But taxes aren't the problem. Even with Trump's tax cuts, federal receipts are up YOY. Spending increases just far outstrips income increases. It's frustrating that the major political parties are composed of "tax less" and "spend more."

 

[Kushinator]

But taxes aren't the problem. Even with Trump's tax cuts, federal receipts are up YOY.

They're not up as much as they would have been without the tax cuts.

Spending increases just far outstrips income increases. It's frustrating that the major political parties are composed of "tax less" and "spend more."

The spending increases were projected to grow at these levels... the President's people said revenue was going to explode with all this new economic activity!!!! Had the economy exploded in the capacity they described, yes... deficits would have been exceedingly reduced, maybe even eliminated all-together. But it didn't happen.

 

[Herkamer63]

Only reason why the economy has slowed slightly is because the House Of Representatives are not playing ball with any of the economic policies that Trump and the Republicans put out. The GDP in the first 2 years of the economy under Trump were great before the Democrats took the House. For an entire year, the Democrats have practically done NOTHING other than try to get rid of the President. Sure, they helped pass USMCA, but outside of that, nothing as far as lowering taxes and lifting more government regulations on businesses. Besides, Trump and the Republicans (and some Independents) were the ones who made USMCA possible. NOT the Democrats. Break the House free from Democrat control, maintain the Senate, and reelect Trump, then you'll see the GDP go back up. Otherwise, it'll trend down. California is the best example of what Democrat control looks like:

-high unemployment

-high homelessness

-low employment

-high crime

-high taxes

-massive amounts of government regulations and penalties

-unclean cities

-mass exodus of people leaving the state

That's just an example of what the Democrat controlled government gives us. Get them out of power and then put people who ACTUALLY believe in small government and the little guy (and have the records of them putting it into practice to back it all up), it's the complete opposite.

 

[Kushinator]

Only reason why the economy has slowed slightly is because the House Of Representatives are not playing ball with any of the economic policies that Trump and the Republicans put out. The GDP in the first 2 years of the economy under Trump were great before the Democrats took the House. For an entire year, the Democrats have practically done NOTHING other than try to get rid of the President. Sure, they helped pass USMCA, but outside of that, nothing as far as lowering taxes and lifting more government regulations on businesses. Besides, Trump and the Republicans (and some Independents) were the ones who made USMCA possible. NOT the Democrats. Break the House free from Democrat control, maintain the Senate, and reelect Trump, then you'll see the GDP go back up. Otherwise, it'll trend down. California is the best example of what Democrat control looks like:

-high unemployment

-high homelessness

-low employment

-high crime

-high taxes

-massive amounts of government regulations and penalties

-unclean cities

-mass exodus of people leaving the state

That's just an example of what the Democrat controlled government gives us. Get them out of power and then put people who ACTUALLY believe in small government and the little guy (and have the records of them putting it into practice to back it all up), it's the complete opposite.

Blame the failures of your party (they didn't fail me) on the opposition? Typical cultist bull****.

 

[Conservative]

But taxes aren't the problem. Even with Trump's tax cuts, federal receipts are up YOY. Spending increases just far outstrips income increases. It's frustrating that the major political parties are composed of "tax less" and "spend more."

Here is what the left wants to ignore, gov't spending was a major component of Obama's GDP growth as most of the Stimulus was gov't spending Trump hasn't generated that but has generated the following

T

able 1.1.5. Gross Domestic Product
[Billions of dollars] Seasonally adjusted at annual rates
Bureau of Economic Analysis
Last Revised on: January 30, 2020 - Next Release Date February 27, 2020

Line 2017 2018 2019
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1 Gross domestic product 19190.4 19356.6 19611.7 19918.9 20163.2 20510.2 20749.8 20897.8 21098.8 21340.3 21542.5 21734.3

GDP growth for Trump

DP and Dollar change
2013 16974.9
2014 17527.7 552,8
2015 18224.8 697.1
2016 18915.0 490.2
2017 19918.9 1003.9
2018 20897.2 1006.1
2019 21734.3 1154.1

 

[Conservative]

Only reason why the economy has slowed slightly is because the House Of Representatives are not playing ball with any of the economic policies that Trump and the Republicans put out. The GDP in the first 2 years of the economy under Trump were great before the Democrats took the House. For an entire year, the Democrats have practically done NOTHING other than try to get rid of the President. Sure, they helped pass USMCA, but outside of that, nothing as far as lowering taxes and lifting more government regulations on businesses. Besides, Trump and the Republicans (and some Independents) were the ones who made USMCA possible. NOT the Democrats. Break the House free from Democrat control, maintain the Senate, and reelect Trump, then you'll see the GDP go back up. Otherwise, it'll trend down. California is the best example of what Democrat control looks like:

-high unemployment

-high homelessness

-low employment

-high crime

-high taxes

-massive amounts of government regulations and penalties

-unclean cities

-mass exodus of people leaving the state

That's just an example of what the Democrat controlled government gives us. Get them out of power and then put people who ACTUALLY believe in small government and the little guy (and have the records of them putting it into practice to back it all up), it's the complete opposite.

What you are going to find here are radical leftists who cannot compete in the private sector and are now paying more in taxes because Trump capped their high state and local taxes that fund the liberal utopia in the state in which they live. Most Americans in Red States are no longer disadvantaged with deductions due to low Red state taxes

Don't pay a lot of attention to these radicals as nothing is going to ever change their mind as they will always focus on massive gov't, creation of the nanny state to take care of them while putting others in full dependence. Trump has a 55% approval rating on the economy and that drives them crazy

RealClearPolitics - Election Other - President Trump Job Approval - Economy

 

[Kushinator]

:laughat:

2018 20897.2 1006.1
2019 21734.3 1154.1

You are clearly lying or are unable to do simple arithmetic.

 

[Metric Mouse]

They're not up as much as they would have been without the tax cuts.



The spending increases were projected to grow at these levels... the President's people said revenue was going to explode with all this new economic activity!!!! Had the economy exploded in the capacity they described, yes... deficits would have been exceedingly reduced, maybe even eliminated all-together. But it didn't happen.

I believe some of these spending increases were not projected. Certainly the increase in military spending was much higher than previously predicted, as far as I'm aware.

 

[Metric Mouse]

Sure, they helped pass USMCA, but outside of that, nothing as far as lowering taxes and lifting more government regulations on businesses.

To be fair, the USMCA has some pretty good points. That's why even Democrats had to get on board.