Another Lie Debunked- The trump Economy

[LordBrownTrout]

Yes, hundreds, maybe thousands, of the over 16,000 lies trump has told has been about the economy.

U.S. Growth at Slowest Since 2016, Complicating Trump’s Pitch
Boeing’s troubles, trade disruption and a tight job market held back growth last year, and a more subdued expansion appears to lie ahead.

The government’s latest economic scorecard arrived on Thursday, offering fresh evidence that the economy continues to grow, but at a frustratingly slow pace.

As the nation heads toward a presidential election, the question is whether voters will view steady but unspectacular growth as a sign that President Trump’s handling of the economy has succeeded or stumbled.

Gross domestic product, which measures the value of goods and services produced inside the United States, grew at a 2.1 percent annual rate between October and December, the same as the previous three months, according to preliminary data released by the Commerce Department. As for 2019 as a whole, the report shows that the economy turned in a weaker annual showing than it did in 2017 and 2018.

In previous decades, growth that consistently fell below 3 percent would have been seen as distressing. Now most economists — at least those outside the administration — see normal growth circling the 2 percent mark.

official jobless rate creeps along at half-century lows as the expansion heads toward its 11th anniversary. A hefty chunk of the population is also aging into retirement.

“Underneath what you’re seeing is slower domestic activity,” said Kathy Bostjancic, chief United States financial economist at Oxford Economics. “It’s just the natural state of things.”

Thursday’s report shows that trend is continuing.

“We’re seeing some loss of economic momentum as we exit 2019 and come into this year,” Ms. Bostjancic said.

U.S. Growth at Slowest Since 2016, Complicating Trump’s Pitch

US economy posts slowest annual growth since 2016
But the country's longest expansion in history, now in its 11th year, remains on track and a downturn is unlikely

The US economy missed the Trump administration’s 3% growth target for a second straight year, posting its slowest annual growth in three years in 2019 as the slowdown in business investment deepened amid trade uncertainty.

The lofty growth goal has remained elusive despite the White House and Republicans’ $1.5-trillion tax cut package, which President Donald Trump had predicted would lift growth persistently above that threshold. The economy grew 2.3% in 2019, the commerce department said on Thursday. That was the slowest since 2016 and followed the 2.9% growth notched in 2018.

While the department’s snapshot of GDP showed the economy maintaining a moderate pace of growth in the fourth quarter, that was in part because of a smaller import bill, which is unsustainable. Consumer spending slowed considerably last quarter and that could persist with wage growth appearing to have stalled.

But the longest expansion in history, now in its 11th year, remains on track and a downturn is unlikely as the Federal Reserve’s three interest rate cuts in 2019 kick in.

US economy posts slowest annual growth since 2016

The economic expansion started 7 years before trump took office. He has just been riding the wave.

U.S. factory activity growing at weakest pace since 2016

Economy is cruising. Unemployment at all time lows. Bad news for libs such as yourself.

 

[my2¢]

I'm expecting growth in the Spring.

​

 

[eagle1462010]

Have You Heard About The 16 Trillion Dollar Bailout The Federal Reserve Handed To The Too Big To Fail Banks? - Global Research

Bloomberg is reporting that the Federal Reserve had made a total of $7.77 trillion in financial commitments to the big banks by the end of March 2009….


Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.

But as mentioned above, a one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act covered an even broader time period and revealed even more bailout loans.

According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The following list of firms and the amount of money that they received was taken directly from page 131 of the GAO audit report….

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

This report was made available to all the members of Congress, but most of them have been totally silent about it. One of the only members of Congress that has said something has been U.S. Senator Bernie Sanders.

The following is an excerpt from a statement about this audit that was taken from the official website of Senator Sanders….

“As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world”

So where is everyone else?



Bush and Obama fought in court to keep this from being exposed........And when it was finally reported hardly a peep about it from the Media at all.................The scope of it so large..................Imagine that.

Oh wait a minute...............We are supposed to either say ORANGE MAN BAD...........or basically this is OBAMA'S recovery now.........because ORANGE MAN'S BAD................LOL

Obama and the Fed threw more money out than any President in the history of our country........HIDING ALL OF IT AS LONG AS THEY COULD............and yet with all that money the recovery sucked in Honesty............You can Claim GREATNESS.......when you are using data after falling to the bottom of the well.

 

[DBA]

I don't agree. GDP will pick up. With the trade war settling down, global growth picking up, USMCA now n place, low interest rates, low oil prices, full employment and a potential tax cut will lead to better growth in 2020. We never had this hope under Obama. He hit his ceiling. Higher taxes and more regulation does not ultimately help the economy,

My complaint is spending, which both parties have a problem with. Nobody wants to cut funding to their pet projects. Republicans don't want to cut military spending and Democrats want never ending "free" everything.

I am glad you have hope, even if it is based upon pretty words and fairy tales.

Trump's own ITC said that the USMCA will add 68 billion to the GDP...over the life of the agreement..16 years. That does not move the GDP needle at all.

Any tax cut that comes will not help 2020, and the last tax cut could not get the GDP above 3% growth.

The economic expansion is on its very last legs, it is already the longest in history and it will not last forever.

It will not last forever no matter what the President does, however, Trump's policies are helping to sustain the growth. The Democrat's policies will crash the economy, almost immediately. Smart money knows this.

 

[DBA]

Impeachment failing, quick, find something new to cry about!

Trump has been telling us that he has the greatest economy in history. 2.1 percent is far below the 3 percent Obama was criticized for

You need to review Obama's numbers. I might add, the economy was in the crapper. It is much more difficult to sustain that growth than to come off the mat. If Obama could have been elected for a third term and was President right now, we would have already crashed. His policies got us off the mat, as just about anybody could have done, but higher taxes, more regulation, Green New Deals, bad trade policies, etc. are not a recipe for continued growth.

 

[DBA]

Wow, lotsa winger cut & paste!

That is all that the sheep can do. Actual independent thought is outside of their capabilities.

Being stuck at 2.1% with all that spending and Fed intervention will get the spinning going, for sure.
.

Actually, I'll take that 2.1%. It's going in the right direction and not overheating.
Low unemployment and low inflation.
You liberals just have to bitch, bitch, bitch....you sound like someone's mother-in-law.

How do you people look at yourself in the mirror each morning?

Under Obama 2.1% was the end of the fucking world as we know it, it was one of the main rally points for Trump and his followers.

Now that has all changed.

One thing that is really odd, the GDP growth is heading down year to year and you say that is the right direction...seems the wrong direction to most of us.

Other then spending, what policies of Trump do you believe have hurt the economy?

 

[Harpy Eagle]

Wow, lotsa winger cut & paste!

That is all that the sheep can do. Actual independent thought is outside of their capabilities.

Being stuck at 2.1% with all that spending and Fed intervention will get the spinning going, for sure.
.

Actually, I'll take that 2.1%. It's going in the right direction and not overheating.
Low unemployment and low inflation.
You liberals just have to bitch, bitch, bitch....you sound like someone's mother-in-law.

How do you people look at yourself in the mirror each morning?

Under Obama 2.1% was the end of the fucking world as we know it, it was one of the main rally points for Trump and his followers.

Now that has all changed.

One thing that is really odd, the GDP growth is heading down year to year and you say that is the right direction...seems the wrong direction to most of us.

Other then spending, what policies of Trump do you believe have hurt the economy?

His stupid ass trade war.

 

[eagle1462010]

That is all that the sheep can do. Actual independent thought is outside of their capabilities.

Being stuck at 2.1% with all that spending and Fed intervention will get the spinning going, for sure.
.

Actually, I'll take that 2.1%. It's going in the right direction and not overheating.
Low unemployment and low inflation.
You liberals just have to bitch, bitch, bitch....you sound like someone's mother-in-law.

How do you people look at yourself in the mirror each morning?

Under Obama 2.1% was the end of the fucking world as we know it, it was one of the main rally points for Trump and his followers.

Now that has all changed.

One thing that is really odd, the GDP growth is heading down year to year and you say that is the right direction...seems the wrong direction to most of us.

Other then spending, what policies of Trump do you believe have hurt the economy?

His stupid ass trade war.

Forever both sides of the political spectrum have complained about the abuses of China.............and our country getting screwed over by them.............And finally someone takes them on..............

And people like you bitch about it........You don't get any deals at all if you SURRENDER from the get go.........

Brings me to my next question..........ARE YOU REALLY FRENCH?

 

[DBA]

That is all that the sheep can do. Actual independent thought is outside of their capabilities.

Being stuck at 2.1% with all that spending and Fed intervention will get the spinning going, for sure.
.

Actually, I'll take that 2.1%. It's going in the right direction and not overheating.
Low unemployment and low inflation.
You liberals just have to bitch, bitch, bitch....you sound like someone's mother-in-law.

How do you people look at yourself in the mirror each morning?

Under Obama 2.1% was the end of the fucking world as we know it, it was one of the main rally points for Trump and his followers.

Now that has all changed.

One thing that is really odd, the GDP growth is heading down year to year and you say that is the right direction...seems the wrong direction to most of us.

Other then spending, what policies of Trump do you believe have hurt the economy?

His stupid ass trade war.

Um, that only hurt us in the sense that it created uncertainty. Now we have a better deal than before. We experienced very little pain relative to the gain. That was the point.

 

[IM2]

Trump is no more / less a bag 'o wind that Obama was

~S~

trump is far worse than Obama. Obama was given a depression and turned it around.

 

[Harpy Eagle]

Forever both sides of the political spectrum have complained about the abuses of China.............and our country getting screwed over by them.............And finally someone takes them on..............

except that Trump did not just take on China, he started a trade war with the whole world at the same time instead of getting the rest of the world on our side against China. China does the same thing to every country.

 

[Terri4Trump]

Trump is no more / less a bag 'o wind that Obama was

~S~

trump is far worse than Obama. Obama was given a depression and turned it around.

Your such a lying punkass bitch its pathetic.

We are still waiting for proof of your masters degree and the three great organizations you claim to run? Where is it all Kunta Kinte

except that Trump did not just take on China, he started a trade war with the whole world at the same time instead of getting the rest of the world on our side against China. China does the same thing to every country.

You're another lying imbecile.

 

[DBA]

Trump is no more / less a bag 'o wind that Obama was

~S~

trump is far worse than Obama. Obama was given a depression and turned it around.

So uninformed...

 

[IM2]

Being stuck at 2.1% with all that spending and Fed intervention will get the spinning going, for sure.
.

Actually, I'll take that 2.1%. It's going in the right direction and not overheating.
Low unemployment and low inflation.
You liberals just have to bitch, bitch, bitch....you sound like someone's mother-in-law.

How do you people look at yourself in the mirror each morning?

Under Obama 2.1% was the end of the fucking world as we know it, it was one of the main rally points for Trump and his followers.

Now that has all changed.

One thing that is really odd, the GDP growth is heading down year to year and you say that is the right direction...seems the wrong direction to most of us.

Other then spending, what policies of Trump do you believe have hurt the economy?

His stupid ass trade war.

Forever both sides of the political spectrum have complained about the abuses of China.............and our country getting screwed over by them.............And finally someone takes them on..............

And people like you bitch about it........You don't get any deals at all if you SURRENDER from the get go.........

Brings me to my next question..........ARE YOU REALLY FRENCH?

We've been taking on china and were doing so before trump. The reality here is that things are not what trump says they are.

 

[Indeependent]

Forever both sides of the political spectrum have complained about the abuses of China.............and our country getting screwed over by them.............And finally someone takes them on..............

except that Trump did not just take on China, he started a trade war with the whole world at the same time instead of getting the rest of the world on our side against China. China does the same thing to every country.

Like the whole world was going to do anything before the US...

 

[Harpy Eagle]

Um, that only hurt us in the sense that it created uncertainty. Now we have a better deal than before. We experienced very little pain relative to the gain. That was the point.

It hurts far more than just uncertainty. It stagnated the financial markets for close to 2 years, it has done damage to our Ag industry that will likely never be repaired. It is responsible in part for the slowing GDP growth.

And we do not have a better deal Phase 1 is at best a reset to the start of the war, but not really even that good.

 

[Harpy Eagle]

Forever both sides of the political spectrum have complained about the abuses of China.............and our country getting screwed over by them.............And finally someone takes them on..............

except that Trump did not just take on China, he started a trade war with the whole world at the same time instead of getting the rest of the world on our side against China. China does the same thing to every country.

Like the whole world was going to do anything before the US...

They did not have to do it before we did, just with us. An actual leader should have had no problem getting them to join us since China does to every country what they do to us.

 

[eagle1462010]

Forever both sides of the political spectrum have complained about the abuses of China.............and our country getting screwed over by them.............And finally someone takes them on..............

except that Trump did not just take on China, he started a trade war with the whole world at the same time instead of getting the rest of the world on our side against China. China does the same thing to every country.

And we got deals all around the world now didn't we...............We didn't get everything we wanted out of them all......but we did get concessions.......

One of the biggest things about NAFTA to me was the MICKEY MOUSE COURTS of it..........trying to force countries to change their laws are be fined massive amounts of money by the NAFTA courts......Those courts are being phased out................

TPP did this on STEROIDS.............and it was shot down...........Hillary would have went with it being the Globalist she is.........

 

[IM2]

Trump is no more / less a bag 'o wind that Obama was

~S~

trump is far worse than Obama. Obama was given a depression and turned it around.

Your suck a lying punkass bitch its pathetic.

We are still waiting for proof of your masters degree and the three great organizations you claim to run? Where is it all Kunta Kinte

I'm right and you'll be waiting. Everything I said was true. I built 3 organizations and retired. That's what I said.

 

[Indeependent]

Forever both sides of the political spectrum have complained about the abuses of China.............and our country getting screwed over by them.............And finally someone takes them on..............

except that Trump did not just take on China, he started a trade war with the whole world at the same time instead of getting the rest of the world on our side against China. China does the same thing to every country.

Like the whole world was going to do anything before the US...

They did not have to do it before we did, just with us. An actual leader should have had no problem getting them to join us since China does to every country what they do to us.

When it comes to money, there’s never an “us”.