Economists Hilariously Over-Predicted Economic Growth Under Obama

[easyt65]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

 

[Rexx Taylor]

i predicted 0.0,,,,,,,i was spot on

 

[whitehall]

They weren't "economists", they were bureaucrats with a political agenda just like the Obama appointees in the intelligence and judicial departments. Drain the swamp.

 

[edthecynic]

Tramp predicted 4 to 5% growth and is cruising along at a GLORIOUS 0.7% his first quarter GDP growth, as opposed to Obama's dismal 2.5% his last quarter, the greatest first quarter growth of any president in history or the future! Aren't you glad the "growth deficit" is over under the glorious leadership of the man who LIED about graduating first in his class at Wharton.

 

[waltky]

Granny says, "Dat's right - the Donald is good for dis country...

U.S. GDP Beats Expectations, Growing At 3 Percent
October 27, 2017 - The U.S. economy grew faster than analysts had expected in the third quarter of 2017, with the Bureau of Economic Analysis saying America's real gross domestic product increased at 3 percent — below the 3.1 percent rise in the previous quarter, but showing resilience in the face of debilitating hurricanes.

"Together they represent the fastest six-month period of growth since 2014,' NPR's John Ydstie reports. He adds, "Economic growth has reached or exceeded the 3 percent rate a number of times during this recovery, but the economy hasn't been able to sustain that pace." The growth "was supported by consumer spending and business investment," the BEA says. Its report also cites positive data in exports and federal government spending. Welcoming the news,

White House press secretary Sarah Sanders said via a statement, "With unemployment at a 16-year low, the stock market at new highs and economic confidence soaring, the U.S. economy is surging under this President's leadership." Sanders added that for growth to continue, Congress should adopt the Trump administration's approach to changing the tax code. Analysts had predicted a possible slowdown, after Hurricanes Harvey, Irma and Maria brought extensive problems and slowed economic activity in Texas, Florida, Puerto Rico and other areas.

Before those catastrophic storms hit, economists had been expecting an even stronger showing for the third quarter — as high as nearly 4 percent, according to the Atlanta Federal Reserve Bank's GDP Now forecast. Reporting on Friday's numbers, John says that a big surge in inventories added by businesses was the main reason third-quarter growth exceeded expectations.

U.S. GDP Beats Expectations, Growing At 3 Percent

 

[Reasonable]

Tramp predicted 4 to 5% growth and is cruising along at a GLORIOUS 0.7% his first quarter GDP growth, as opposed to Obama's dismal 2.5% his last quarter, the greatest first quarter growth of any president in history or the future! Aren't you glad the "growth deficit" is over under the glorious leadership of the man who LIED about graduating first in his class at Wharton.

I laughed so hard when I heard him brag about his educational status and within minutes proof was given all over the internet that it was just another huge whopper by the pathological liar.
As a matter of fact one of his professors said “he was the dumbest goddamn student I ever taught.”
Sounds about right.

 

[deanrd]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

Take the Obama era for example. Between 2009 and 2016, GDP growth reached at or above 3% on a quarterly basis about eight times.

Donald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's Misleading

Never, not ever. Not after the first eight fuking times.

 

[bripat9643]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

Take the Obama era for example. Between 2009 and 2016, GDP growth reached at or above 3% on a quarterly basis about eight times.

Donald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's Misleading

Never, not ever. Not after the first eight fuking times.

That's 3% for the year, you fucking dumbass.

 

[bripat9643]

Tramp predicted 4 to 5% growth and is cruising along at a GLORIOUS 0.7% his first quarter GDP growth, as opposed to Obama's dismal 2.5% his last quarter, the greatest first quarter growth of any president in history or the future! Aren't you glad the "growth deficit" is over under the glorious leadership of the man who LIED about graduating first in his class at Wharton.

You're comparing apples and oranges. Trump had 0.7% GDP growth for the quarter. That's a yearly rate of 2.8% Obama's 2.5% was the anual rate for the quarter.

I know math is hard for snowflakes and other kinds of dumbasses.

 

[deanrd]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

Take the Obama era for example. Between 2009 and 2016, GDP growth reached at or above 3% on a quarterly basis about eight times.

Donald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's Misleading

Never, not ever. Not after the first eight fuking times.

That's 3% for the year, you fucking dumbass.

Let me explain something to you Flowertop, this is how it works:
The economy grows as more people work, and I'm talking good jobs.
Unemployment is less than 5%. That's close to what is considered full employment.
There are 6.2 million jobs unfilled because your kind don't have the skills to fill them.
The way to grow the economy is by hiring adults for those jobs. Adults who are qualified. So, remember Flowertop, you kind think college is bad.
So where do you get those educated adult workers? They have to immigrate here. But your kind thinks those talented workers took THEIR jobs. Only they didn't. Because your kind aren't qualified for those jobs.
So your kind is touting a growing economy. Only your kind aren't getting any good jobs because, even though our manufacturing had doubled in the last few decades, it doubled because of automation. 87% of lost manufacturing jobs were automated. They are NEVER coming back Flowertop.
Your kind can only cheer being buttfuked for so long. Then the butthurt begins to set in. Then what? Would you like some whine? I guarantee, it won't be a dry whine.

 

[Rexx Taylor]

in california, it was negative 43%

 

[Brain357]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

The economy is following all the trends started with Obama. I'm not sure you have noticed but there has been nothing passed that would significantly change the economy. It is still the Obama economy.

 

[bripat9643]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

Take the Obama era for example. Between 2009 and 2016, GDP growth reached at or above 3% on a quarterly basis about eight times.

Donald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's Misleading

Never, not ever. Not after the first eight fuking times.

That's 3% for the year, you fucking dumbass.

Let me explain something to you Flowertop, this is how it works:
The economy grows as more people work, and I'm talking good jobs.
Unemployment is less than 5%. That's close to what is considered full employment.
There are 6.2 million jobs unfilled because your kind don't have the skills to fill them.
The way to grow the economy is by hiring adults for those jobs. Adults who are qualified. So, remember Flowertop, you kind think college is bad.
So where do you get those educated adult workers? They have to immigrate here. But your kind thinks those talented workers took THEIR jobs. Only they didn't. Because your kind aren't qualified for those jobs.
So your kind is touting a growing economy. Only your kind aren't getting any good jobs because, even though our manufacturing had doubled in the last few decades, it doubled because of automation. 87% of lost manufacturing jobs were automated. They are NEVER coming back Flowertop.
Your kind can only cheer being buttfuked for so long. Then the butthurt begins to set in. Then what? Would you like some whine? I guarantee, it won't be a dry whine.

The economy grows from investment. Importing new workers from third world countries drives down wages. It harms workers who are already here. If employers can't hire cheap labor from overseas, then they have to train Americans to do those jobs and pay them higher wages.

That's what you are too sleazy, stupid and dishonest to admit.

 

[bripat9643]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

The economy is following all the trends started with Obama. I'm not sure you have noticed but there has been nothing passed that would significantly change the economy. It is still the Obama economy.

Trump repealed a lot of Obama's damaging regulations that would have cost American companies trillions of dollars. That's why the economy is growing, and why it didn't grow under Obama.

 

[Brain357]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

The economy is following all the trends started with Obama. I'm not sure you have noticed but there has been nothing passed that would significantly change the economy. It is still the Obama economy.

Trump repealed a lot of Obama's damaging regulations that would have cost American companies trillions of dollars. That's why the economy is growing, and why it didn't grow under Obama.

Thats funny cause the trends really haven't changed. So please share some specific regulations that were so damaging.

 

[Rexx Taylor]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

The economy is following all the trends started with Obama. I'm not sure you have noticed but there has been nothing passed that would significantly change the economy. It is still the Obama economy.

Trump repealed a lot of Obama's damaging regulations that would have cost American companies trillions of dollars. That's why the economy is growing, and why it didn't grow under Obama.

the only things that grew two inches between 2009 - 2016 were democrat male body parts

 

[deanrd]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

The economy is following all the trends started with Obama. I'm not sure you have noticed but there has been nothing passed that would significantly change the economy. It is still the Obama economy.

Trump repealed a lot of Obama's damaging regulations that would have cost American companies trillions of dollars. That's why the economy is growing, and why it didn't grow under Obama.

the only things that grew two inches between 2009 - 2016 were democrat male body parts

Uh, yea, riiiiight.
Look at where the economy was in 2009 when Bush and the GOP handed it over to Obama.
Then look at it where it was when Obama handed it over to Trump.
And it didn't grow?

I think we have a tard alert going on here.

 

[deanrd]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

Take the Obama era for example. Between 2009 and 2016, GDP growth reached at or above 3% on a quarterly basis about eight times.

Donald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's Misleading

Never, not ever. Not after the first eight fuking times.

That's 3% for the year, you fucking dumbass.

Let me explain something to you Flowertop, this is how it works:
The economy grows as more people work, and I'm talking good jobs.
Unemployment is less than 5%. That's close to what is considered full employment.
There are 6.2 million jobs unfilled because your kind don't have the skills to fill them.
The way to grow the economy is by hiring adults for those jobs. Adults who are qualified. So, remember Flowertop, you kind think college is bad.
So where do you get those educated adult workers? They have to immigrate here. But your kind thinks those talented workers took THEIR jobs. Only they didn't. Because your kind aren't qualified for those jobs.
So your kind is touting a growing economy. Only your kind aren't getting any good jobs because, even though our manufacturing had doubled in the last few decades, it doubled because of automation. 87% of lost manufacturing jobs were automated. They are NEVER coming back Flowertop.
Your kind can only cheer being buttfuked for so long. Then the butthurt begins to set in. Then what? Would you like some whine? I guarantee, it won't be a dry whine.

The economy grows from investment. Importing new workers from third world countries drives down wages. It harms workers who are already here. If employers can't hire cheap labor from overseas, then they have to train Americans to do those jobs and pay them higher wages.

That's what you are too sleazy, stupid and dishonest to admit.

Uneducated white wingers do nothing to help the economy Flowertop. That's why there are so many unfilled jobs.

Job Openings and Labor Turnover Summary

U.S. job openings hit record high, nearly 6.2 million

Even more jobs were lost in manufacturing. Not because they moved overseas, but because they were automated.

Why is this so difficult for right wing Flowertops to understand?

 

[bripat9643]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

Take the Obama era for example. Between 2009 and 2016, GDP growth reached at or above 3% on a quarterly basis about eight times.

Donald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's Misleading

Never, not ever. Not after the first eight fuking times.

That's 3% for the year, you fucking dumbass.

Let me explain something to you Flowertop, this is how it works:
The economy grows as more people work, and I'm talking good jobs.
Unemployment is less than 5%. That's close to what is considered full employment.
There are 6.2 million jobs unfilled because your kind don't have the skills to fill them.
The way to grow the economy is by hiring adults for those jobs. Adults who are qualified. So, remember Flowertop, you kind think college is bad.
So where do you get those educated adult workers? They have to immigrate here. But your kind thinks those talented workers took THEIR jobs. Only they didn't. Because your kind aren't qualified for those jobs.
So your kind is touting a growing economy. Only your kind aren't getting any good jobs because, even though our manufacturing had doubled in the last few decades, it doubled because of automation. 87% of lost manufacturing jobs were automated. They are NEVER coming back Flowertop.
Your kind can only cheer being buttfuked for so long. Then the butthurt begins to set in. Then what? Would you like some whine? I guarantee, it won't be a dry whine.

The economy grows from investment. Importing new workers from third world countries drives down wages. It harms workers who are already here. If employers can't hire cheap labor from overseas, then they have to train Americans to do those jobs and pay them higher wages.

That's what you are too sleazy, stupid and dishonest to admit.

Uneducated white wingers do nothing to help the economy Flowertop. That's why there are so many unfilled jobs.

Job Openings and Labor Turnover Summary

U.S. job openings hit record high, nearly 6.2 million

Even more jobs were lost in manufacturing. Not because they moved overseas, but because they were automated.

Why is this so difficult for right wing Flowertops to understand?

Yeah . . . . we know. Only the people sucking on the welfare tit do anything for the economy. All those engineers, technicians and entrepenuers who created automobiles, computers, the internet, cell phones and flat screen TVs didn't contribute a thing.

You have the mentality of a tick.

 

[bripat9643]

Economists Hilariously Over-Predicted Economic Growth Under Obama

"White house economists overestimated annual economic growth by about 80 percent on average for a six year stretch during Barack Obama’s presidency, according to Freedom Works economic consultant Stephen Moore.

Economists predicted growth between 3.2 to 4.6 percent for the years 2010 through 2015. Actual economic growth never hit above 2.6 percent."

The Obama 'Legacy' is being factually corrected by history ... and wiped away by Trump.




"The Keynesian/Obama approach to recovery meant the federal government would engage in deficit spending in order to stimulate the economy. “For much of America this has been a long recession, not a long recovery. We are suffering from a severe growth deficit” “Nearly every policy during the Obama years was anti-growth …"

The economy is following all the trends started with Obama. I'm not sure you have noticed but there has been nothing passed that would significantly change the economy. It is still the Obama economy.

Trump repealed a lot of Obama's damaging regulations that would have cost American companies trillions of dollars. That's why the economy is growing, and why it didn't grow under Obama.

the only things that grew two inches between 2009 - 2016 were democrat male body parts

Uh, yea, riiiiight.
Look at where the economy was in 2009 when Bush and the GOP handed it over to Obama.
Then look at it where it was when Obama handed it over to Trump.
And it didn't grow?

I think we have a tard alert going on here.

The economy would have grown faster if Obama had done nothing. His only talent was being president at the right time - right at the bottom of a recession. The recovery had already started before his innauguration.