Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
This is like the liberals saying that Obama didn't add 10 trillion dollars to the debt, when actually he raised the debt by 9.5 trillion. Liberals love to use facts when it goes their way, but when REAL facts are presented they run off like spoiled 3rd graders who have peed in their pants. Obama told US that it never again see a GDP over 3%. We still have 7 more years of President Trumps tax breaks, that you liberal will either spend and help the economy and pay down the debt, or return, thus not helping the economy thus paying down the debt both helping President Trump...Damned if you do, damned if you don't, it is nice to see victims of liberalism in such a tizzy.The broadcast claim of the current administration guiding the Ship of State stated that the GDP growth rate was going to be routinely over 3% and perhaps as high as 6%, as a major justification for the sweeping 2017 tax overhaul. The hype employed as "proof" the new tax plan centered about the two FY 2017 quarters of GDP growth just over 3%. Can we say, "Flash in the pan?"
The forecast of the new tax plan was 3% MINIMUM GDP to keep the debt about where it is today to pay for the loss of tax revenue. Then the tax reduction and the trickle down effect of the generous largess of the moguls of industry would increase the spending of the proletariat as their income rose thereby increasing Treasury revenue via the lessened tax.
What could go wrong? How about GDP growth at only 2.3% instead of 3%+ as it turned out for the Orange Clown's first year! Or how about a "market adjustment" with the bull going bearish and the Dow losing 25 to 30% and our next recession hitting its scheduled and routine 10-11 year mark in just a few months in the second or third quarter of FY 2018? What's the Thrump economic forecast today from his tribal sycophants?
"U.S. Economic Growth Slowed in 2017’s Fourth Quarter, Missing Trump’s Targets!
The U.S. gross domestic product, a broad measure of the economy, increased by 2.3 percent in 2017, federal economists reported Friday.
GDP growth slowed in the year’s fourth quarter to an annualized rate of 2.6 percent, breaking a two-quarter streak of growth of more than 3 percent.
The economy grew far faster in 2017 than during the year before, but the slowed fourth quarter growth underscores the challenge President Trump’s administration will have in delivering the growth rates he has promised. Officials had focused on 3 percent GDP growth as proof his economic policies were working, and Trump has said it could go far beyond that target."
More: ~~ U.S. economic growth slowed in 2017’s fourth quarter, missing Trump’s targets ~~
Lol cherry picking galore.
2017 posted good ol’ Obama growth at 2.5%.
Yep same growth right wingers called “disaster! Stagnation! Not a single year over 3% growth!!”
Didn't Obama sign legislature allowing the government to spend money? Ah yep, I think it did? But then again, Lets hear what Obama said about Bush? Want to go double or nothing on proving how much more stupid you are?This is like the liberals saying that Obama didn't add 10 trillion dollars to the debt, when actually he raised the debt by 9.5 trillion. Liberals love to use facts when it goes their way, but when REAL facts are presented they run off like spoiled 3rd graders who have peed in their pants. Obama told US that it never again see a GDP over 3%. We still have 7 more years of President Trumps tax breaks, that you liberal will either spend and help the economy and pay down the debt, or return, thus not helping the economy thus paying down the debt both helping President Trump...Damned if you do, damned if you don't, it is nice to see victims of liberalism in such a tizzy.The broadcast claim of the current administration guiding the Ship of State stated that the GDP growth rate was going to be routinely over 3% and perhaps as high as 6%, as a major justification for the sweeping 2017 tax overhaul. The hype employed as "proof" the new tax plan centered about the two FY 2017 quarters of GDP growth just over 3%. Can we say, "Flash in the pan?"
The forecast of the new tax plan was 3% MINIMUM GDP to keep the debt about where it is today to pay for the loss of tax revenue. Then the tax reduction and the trickle down effect of the generous largess of the moguls of industry would increase the spending of the proletariat as their income rose thereby increasing Treasury revenue via the lessened tax.
What could go wrong? How about GDP growth at only 2.3% instead of 3%+ as it turned out for the Orange Clown's first year! Or how about a "market adjustment" with the bull going bearish and the Dow losing 25 to 30% and our next recession hitting its scheduled and routine 10-11 year mark in just a few months in the second or third quarter of FY 2018? What's the Thrump economic forecast today from his tribal sycophants?
"U.S. Economic Growth Slowed in 2017’s Fourth Quarter, Missing Trump’s Targets!
The U.S. gross domestic product, a broad measure of the economy, increased by 2.3 percent in 2017, federal economists reported Friday.
GDP growth slowed in the year’s fourth quarter to an annualized rate of 2.6 percent, breaking a two-quarter streak of growth of more than 3 percent.
The economy grew far faster in 2017 than during the year before, but the slowed fourth quarter growth underscores the challenge President Trump’s administration will have in delivering the growth rates he has promised. Officials had focused on 3 percent GDP growth as proof his economic policies were working, and Trump has said it could go far beyond that target."
More: ~~ U.S. economic growth slowed in 2017’s fourth quarter, missing Trump’s targets ~~
Obama didn’t add anything to the debt. Only Congress can spend money.
What you rightards just can’t admit is the disaster of an economy and two wars he inherited from the administration that created all of that debt.
So instead of throwing all that President Trump tax money away buying those non essentials, put some aside so when the Democrat do get the next recession to happen, like they did with Bush 43, you can then have some cash on hand to invest back into the stock market like I did with Chipotle and make 8 times profit when it goes back up? Did I lose you at "put money aside", that means save it.. If you liberals didn't know what that means...Worse, throwing all your money away when the economy is good means no options when the inevitable recession finally shows up.
We are so screwed.
Haha...exactly, you aren’t....it works against that false narrative you’re trying to sell. You do know that .GOV spending connects directly to GDP...right?
That bed wetter doesn't "know" anything.
It's nice of you to waste time trying to educate that imbecile, but they're deliberately ignorant. They're dedicated to staying ignorant and seek to spread that ignorance to others.
The fact is, every time in the last 8 years that I've listened to or read economic news, when the numbers first came out during the meat puppet faggot's regime they were ALWAYS revised down weeks later and very quietly.
So far I've heard news from just one quarter and it was revised up.
Bed wetters want to live in their delusional little world though, and I don't have time to do much more than ridicule these parasites.
Obama didn’t add anything to the debt. Only Congress can spend money.
What you rightards just can’t admit is the disaster of an economy and two wars he inherited from the administration that created all of that debt.
Holy fuck, I don't know if that is someone who wants to be in a circus, or someone who wants to kill me? One of my requirements for working for me, is that if you have anything dangerous that could get hung up on a machine, then there is no way you will be hired. Same goes for the pants, if they aren't above the butt, not a snowball chance in hell..Even if you are Justin Beaverbutt, who wants it up the ass...Prison Bitches wear their pants low for easy access for Bubba...Haha...exactly, you aren’t....it works against that false narrative you’re trying to sell. You do know that .GOV spending connects directly to GDP...right?
That bed wetter doesn't "know" anything.
It's nice of you to waste time trying to educate that imbecile, but they're deliberately ignorant. They're dedicated to staying ignorant and seek to spread that ignorance to others.
The fact is, every time in the last 8 years that I've listened to or read economic news, when the numbers first came out during the meat puppet faggot's regime they were ALWAYS revised down weeks later and very quietly.
So far I've heard news from just one quarter and it was revised up.
Bed wetters want to live in their delusional little world though, and I don't have time to do much more than ridicule these parasites.
Well put, I couldn’t agree more. It’s actually quite entertaining to watch them take such great pride in making complete asses of themselves.
They remind me of that unemployed 39 year old professional gamer dude that lives in moms converted garage....he’s got tattoos on his neck and face, a 14” green Mohawk and giant holes in his ears...he genuinely believes he has life by the balls....he’s got it all figured out and everyone around him are idiots....he gives life advice and expects that you take him serious...hahaha....FUNNY SHIT!
Didn't Obama sign legislature allowing the government to spend money? Ah yep, I think it did? But then again, Lets hear what Obama said about Bush? Want to go double or nothing on proving how much more stupid you are?
Unless you have a crystal ball, with all those Socialist Utopian Paradises over in Europe investing in the United States, doesn't seem like in the next couple of years, any crash coming, unless you libtards rise up and try to overthrow this government. Until then I will continue to spend good money that I am getting from the tax breaks back into the economy, thus making President Trump win, again, and again...Well, I didn't PRONOUNCE it a failure yet... I share your pessimism! But when will that "Voodoo Economics", as Bush 41 termed it, start to ever work in the real world?It's a little early to declare the gop tax cut a failure. I think it will be one, and unnecessarily so, because the benefits of a corp tax cut could have been achieved just by lowering the rate to even less than it is now by just offsetting the added lost revenue by cutting corporate giveaways like credits for plant expansion.This is like the liberals saying that Obama didn't add 10 trillion dollars to the debt, when actually he raised the debt by 9.5 trillion. Liberals love to use facts when it goes their way, but when REAL facts are presented they run off like spoiled 3rd graders who have peed in their pants. Obama told US that it never again see a GDP over 3%. We still have 7 more years of President Trumps tax breaks, that you liberal will either spend and help the economy and pay down the debt, or return, thus not helping the economy thus paying down the debt both helping President Trump...Damned if you do, damned if you don't, it is nice to see victims of liberalism in such a tizzy.The broadcast claim of the current administration guiding the Ship of State stated that the GDP growth rate was going to be routinely over 3% and perhaps as high as 6%, as a major justification for the sweeping 2017 tax overhaul. The hype employed as "proof" the new tax plan centered about the two FY 2017 quarters of GDP growth just over 3%. Can we say, "Flash in the pan?"
The forecast of the new tax plan was 3% MINIMUM GDP to keep the debt about where it is today to pay for the loss of tax revenue. Then the tax reduction and the trickle down effect of the generous largess of the moguls of industry would increase the spending of the proletariat as their income rose thereby increasing Treasury revenue via the lessened tax.
What could go wrong? How about GDP growth at only 2.3% instead of 3%+ as it turned out for the Orange Clown's first year! Or how about a "market adjustment" with the bull going bearish and the Dow losing 25 to 30% and our next recession hitting its scheduled and routine 10-11 year mark in just a few months in the second or third quarter of FY 2018? What's the Thrump economic forecast today from his tribal sycophants?
"U.S. Economic Growth Slowed in 2017’s Fourth Quarter, Missing Trump’s Targets!
The U.S. gross domestic product, a broad measure of the economy, increased by 2.3 percent in 2017, federal economists reported Friday.
GDP growth slowed in the year’s fourth quarter to an annualized rate of 2.6 percent, breaking a two-quarter streak of growth of more than 3 percent.
The economy grew far faster in 2017 than during the year before, but the slowed fourth quarter growth underscores the challenge President Trump’s administration will have in delivering the growth rates he has promised. Officials had focused on 3 percent GDP growth as proof his economic policies were working, and Trump has said it could go far beyond that target."
More: ~~ U.S. economic growth slowed in 2017’s fourth quarter, missing Trump’s targets ~~
Putting a little more money in the middle class pockets probably helps a little. There's no debate that the EITC increased consumer demand too.
I merely pointed to a fail point in the scheme that has already occurred with the 2017 2.3% GDP and pointed to two other demons looming on the horizon. When the Dow and the S&P take a dump in the middle of Wall Street, the prospects for 3-6% GDP growth reduce exponentially! Hence, the rising debt and some more of this tedious can kicking closer to the cliff's edge!
Another liberal moving to the IGNORE list... buh bye... Just cant discuss with stupid people, and they vote Democrat...Unless you have a crystal ball, with all those Socialist Utopian Paradises over in Europe investing in the United States, doesn't seem like in the next couple of years, any crash coming, unless you libtards rise up and try to overthrow this government. Until then I will continue to spend good money that I am getting from the tax breaks back into the economy, thus making President Trump win, again, and again...Well, I didn't PRONOUNCE it a failure yet... I share your pessimism! But when will that "Voodoo Economics", as Bush 41 termed it, start to ever work in the real world?It's a little early to declare the gop tax cut a failure. I think it will be one, and unnecessarily so, because the benefits of a corp tax cut could have been achieved just by lowering the rate to even less than it is now by just offsetting the added lost revenue by cutting corporate giveaways like credits for plant expansion.This is like the liberals saying that Obama didn't add 10 trillion dollars to the debt, when actually he raised the debt by 9.5 trillion. Liberals love to use facts when it goes their way, but when REAL facts are presented they run off like spoiled 3rd graders who have peed in their pants. Obama told US that it never again see a GDP over 3%. We still have 7 more years of President Trumps tax breaks, that you liberal will either spend and help the economy and pay down the debt, or return, thus not helping the economy thus paying down the debt both helping President Trump...Damned if you do, damned if you don't, it is nice to see victims of liberalism in such a tizzy.The broadcast claim of the current administration guiding the Ship of State stated that the GDP growth rate was going to be routinely over 3% and perhaps as high as 6%, as a major justification for the sweeping 2017 tax overhaul. The hype employed as "proof" the new tax plan centered about the two FY 2017 quarters of GDP growth just over 3%. Can we say, "Flash in the pan?"
The forecast of the new tax plan was 3% MINIMUM GDP to keep the debt about where it is today to pay for the loss of tax revenue. Then the tax reduction and the trickle down effect of the generous largess of the moguls of industry would increase the spending of the proletariat as their income rose thereby increasing Treasury revenue via the lessened tax.
What could go wrong? How about GDP growth at only 2.3% instead of 3%+ as it turned out for the Orange Clown's first year! Or how about a "market adjustment" with the bull going bearish and the Dow losing 25 to 30% and our next recession hitting its scheduled and routine 10-11 year mark in just a few months in the second or third quarter of FY 2018? What's the Thrump economic forecast today from his tribal sycophants?
"U.S. Economic Growth Slowed in 2017’s Fourth Quarter, Missing Trump’s Targets!
The U.S. gross domestic product, a broad measure of the economy, increased by 2.3 percent in 2017, federal economists reported Friday.
GDP growth slowed in the year’s fourth quarter to an annualized rate of 2.6 percent, breaking a two-quarter streak of growth of more than 3 percent.
The economy grew far faster in 2017 than during the year before, but the slowed fourth quarter growth underscores the challenge President Trump’s administration will have in delivering the growth rates he has promised. Officials had focused on 3 percent GDP growth as proof his economic policies were working, and Trump has said it could go far beyond that target."
More: ~~ U.S. economic growth slowed in 2017’s fourth quarter, missing Trump’s targets ~~
Putting a little more money in the middle class pockets probably helps a little. There's no debate that the EITC increased consumer demand too.
I merely pointed to a fail point in the scheme that has already occurred with the 2017 2.3% GDP and pointed to two other demons looming on the horizon. When the Dow and the S&P take a dump in the middle of Wall Street, the prospects for 3-6% GDP growth reduce exponentially! Hence, the rising debt and some more of this tedious can kicking closer to the cliff's edge!
It's obvious that the Tax Bill is just another effort to get the biddable to support Trickle Down / Voodoo Economics. This hypotheses has never been verified multiple times by detached groups of researchers to prove it was an effective economic policy.
In fact most economists dismiss it as the fraud it is.
Does Boosting Supply Create Economic Growth?
"A lot depends on which segment of society gets the tax cuts. Studies show that tax cuts aren't equally effective in creating jobs. Cuts to lower income families directly translate into increased spending." [Short Term) "That boosts demand and economic growth. Tax cuts to higher income families are often invested, saved or used to pay off debt. That boosts the stock market and banks, but not retail." [we are a consumer driven economy]
Conclusion
Economists still debate whether tax cuts lead to increased economic growth over the long-term. The Treasury Department study did mention that, in the short-term and in an economy that is already weak, tax cuts will provide an immediate boost. The NBER study found that tax cuts will create larger budget deficits unless spending is also cut.
Over the long term, and in a healthy economy, this will put downward pressure on the dollar which could ultimately increase inflation through higher prices for imports. In time, if inflation is high enough and the economy is strong enough, it could convince the Federal Reserve to initiate contractionary*** monetary policy, such as higher interest rates. The result of that is slower economic growth."
***"The word 'fiscal' refers to the government's budget, which includes government spending, taxes and transfer payments like welfare or social security.Fiscal authorities use contractionary fiscal policy to slow down the economy, which offsets - or reverses - an inflation problem."
So, by the time McConnell and Trump are gone from the political scene, and Ryan has long sense been sent home by the Wisconsin's who finally return to their progressive roots, the damage they have done to our long term economy, and to democracy itself, will be damn by history and those of us who suffered from their misfeasance and non feasence.
Another liberal moving to the IGNORE list... buh bye... Just cant discuss with stupid people, and they vote Democrat...Unless you have a crystal ball, with all those Socialist Utopian Paradises over in Europe investing in the United States, doesn't seem like in the next couple of years, any crash coming, unless you libtards rise up and try to overthrow this government. Until then I will continue to spend good money that I am getting from the tax breaks back into the economy, thus making President Trump win, again, and again...Well, I didn't PRONOUNCE it a failure yet... I share your pessimism! But when will that "Voodoo Economics", as Bush 41 termed it, start to ever work in the real world?It's a little early to declare the gop tax cut a failure. I think it will be one, and unnecessarily so, because the benefits of a corp tax cut could have been achieved just by lowering the rate to even less than it is now by just offsetting the added lost revenue by cutting corporate giveaways like credits for plant expansion.This is like the liberals saying that Obama didn't add 10 trillion dollars to the debt, when actually he raised the debt by 9.5 trillion. Liberals love to use facts when it goes their way, but when REAL facts are presented they run off like spoiled 3rd graders who have peed in their pants. Obama told US that it never again see a GDP over 3%. We still have 7 more years of President Trumps tax breaks, that you liberal will either spend and help the economy and pay down the debt, or return, thus not helping the economy thus paying down the debt both helping President Trump...Damned if you do, damned if you don't, it is nice to see victims of liberalism in such a tizzy.
Putting a little more money in the middle class pockets probably helps a little. There's no debate that the EITC increased consumer demand too.
I merely pointed to a fail point in the scheme that has already occurred with the 2017 2.3% GDP and pointed to two other demons looming on the horizon. When the Dow and the S&P take a dump in the middle of Wall Street, the prospects for 3-6% GDP growth reduce exponentially! Hence, the rising debt and some more of this tedious can kicking closer to the cliff's edge!
It's obvious that the Tax Bill is just another effort to get the biddable to support Trickle Down / Voodoo Economics. This hypotheses has never been verified multiple times by detached groups of researchers to prove it was an effective economic policy.
In fact most economists dismiss it as the fraud it is.
Does Boosting Supply Create Economic Growth?
"A lot depends on which segment of society gets the tax cuts. Studies show that tax cuts aren't equally effective in creating jobs. Cuts to lower income families directly translate into increased spending." [Short Term) "That boosts demand and economic growth. Tax cuts to higher income families are often invested, saved or used to pay off debt. That boosts the stock market and banks, but not retail." [we are a consumer driven economy]
Conclusion
Economists still debate whether tax cuts lead to increased economic growth over the long-term. The Treasury Department study did mention that, in the short-term and in an economy that is already weak, tax cuts will provide an immediate boost. The NBER study found that tax cuts will create larger budget deficits unless spending is also cut.
Over the long term, and in a healthy economy, this will put downward pressure on the dollar which could ultimately increase inflation through higher prices for imports. In time, if inflation is high enough and the economy is strong enough, it could convince the Federal Reserve to initiate contractionary*** monetary policy, such as higher interest rates. The result of that is slower economic growth."
***"The word 'fiscal' refers to the government's budget, which includes government spending, taxes and transfer payments like welfare or social security.Fiscal authorities use contractionary fiscal policy to slow down the economy, which offsets - or reverses - an inflation problem."
So, by the time McConnell and Trump are gone from the political scene, and Ryan has long sense been sent home by the Wisconsin's who finally return to their progressive roots, the damage they have done to our long term economy, and to democracy itself, will be damn by history and those of us who suffered from their misfeasance and non feasence.
The broadcast claim of the current administration guiding the Ship of State stated that the GDP growth rate was going to be routinely over 3% and perhaps as high as 6%, as a major justification for the sweeping 2017 tax overhaul. The hype employed as "proof" the new tax plan centered about the two FY 2017 quarters of GDP growth just over 3%. Can we say, "Flash in the pan?"
The forecast of the new tax plan was 3% MINIMUM GDP to keep the debt about where it is today to pay for the loss of tax revenue. Then the tax reduction and the trickle down effect of the generous largess of the moguls of industry would increase the spending of the proletariat as their income rose thereby increasing Treasury revenue via the lessened tax.
What could go wrong? How about GDP growth at only 2.3% instead of 3%+ as it turned out for the Orange Clown's first year! Or how about a "market adjustment" with the bull going bearish and the Dow losing 25 to 30% and our next recession hitting its scheduled and routine 10-11 year mark in just a few months in the second or third quarter of FY 2018? What's the Thrump economic forecast today from his tribal sycophants?
"U.S. Economic Growth Slowed in 2017’s Fourth Quarter, Missing Trump’s Targets!
The U.S. gross domestic product, a broad measure of the economy, increased by 2.3 percent in 2017, federal economists reported Friday.
GDP growth slowed in the year’s fourth quarter to an annualized rate of 2.6 percent, breaking a two-quarter streak of growth of more than 3 percent.
The economy grew far faster in 2017 than during the year before, but the slowed fourth quarter growth underscores the challenge President Trump’s administration will have in delivering the growth rates he has promised. Officials had focused on 3 percent GDP growth as proof his economic policies were working, and Trump has said it could go far beyond that target."
More: ~~ U.S. economic growth slowed in 2017’s fourth quarter, missing Trump’s targets ~~
Next week The Washington Compost will put the revised numbers
Magical thinking 101
There was no significant revision for Q1, 2 or3, but your need for Q4 revision will sure be accommodated
Dealing with reality is tough for rightwingers.
The 2017 fiscal year budget was Hussein’s final budget...not Trumps
“Remember people...the 2017 fiscal year budget was Hussein’s final budget....He asked to spend more than $4 trillion. So it is his policies which caused the 6th largest budget deficit in history. It should also be noted that without spending cuts put in place after Trump took office the deficit would have been much deeper.
Also note, nearly one quarter of the $666 billion went to fund your beloved illegal Mexicans.
Obama’s Last Budget, and Last Budget Battle With Congress
Obama’s Last Budget, and Last Budget Battle With Congress
Further, Hussein was the first President to ever spend more on welfare than defense.
Weird huh...imagine that...a Black President would spend more on his homies than he would on the safety of the good, hard working, positive contributors in this nation.....hahaha...who would have thought?
Obama Was First President to Spend More on Welfare Than Defense
Obama Was First President to Spend More on Welfare Than Defense”
Right you are and so with all of those four Continuing Resolutions the GOP has passed since last Sept 30th, the end of FY 2017, the government has REMAINED AND RELIED on that same budget expenditure rates under the Obama budget. Thrump's Administration hasn't formulated their feces to the point of creating a budget of their own. So employing your logic, any budget success should be heaped upon Obama until Thrump signs a new budget! Now just who's budget is it again UNTIL the GOP creates their own? Your choice one way or the other champ... what budget is the Thrump administration CONTINUING upon today? On CR's of the FY 2017 Obama budget!The 2017 fiscal year budget was Hussein’s final budget...not Trumps
It is however true that Obama did not have a single year with GDP growth over 3%.
