Another Lie Debunked- The trump Economy

[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.

So uninformed...

Wrong.

 

[DBA]

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.

It is not a reset. China has agreed to buy more American products. "China also promised to provide more protection for American companies' intellectual property and to stop requiring U.S. companies to share their technology as a cost of doing business in China." Granted, these have to be enforceable, but the tariffs hurt China far worse than it hurt us.

 

[IM2]

We are still waiting for proof of your masters degree and the three great organizations you claim to run?

Try proving that I have failed at everything first.

 

[Cellblock2429]

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

Well, look at the bright side.

At least Trump exploded the deficit (in a period of growth, something Keynes himself would have been against), and at least the Fed has increased its balance sheet by a few hundred billion dollars, which will take more serious unwinding later, all just to grease the system.

Fuck it. Our kids and grandkids can worry about it. Fuck 'em.

MAGA! MAGA! USA! USA! USA!
.

/----/ "Well, look at the bright side. At least Trump exploded the deficit "
Why do you Libtards consistently lie about this when you know it's Congress that controls the spending?

 

[Mac1958]

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.

Trump promised 3-4 percent GDP and criticized Obama for not having over 3 percent a year.

Where does 2.1 percent work into that?

It doesn't matter to them.

They'll drop any standard to any level at any time. Period.
.

 

[NightFox]

/----/ "Well, look at the bright side. At least Trump exploded the deficit "
Why do you Libtards consistently lie about this when you know it's Congress that controls the spending?

Did Congress control the spending during President O'Nimrods reign too ? If so, then how come the Republicrats constantly excoriated him about deficit spending?

Do deficits only count against a President when he/she has a "D" behind it's name?

 

[Terri4Trump]

Well well well, from CNN of all, places.....
It took 10 years. Americans finally believe the economy is good
Fri December 20, 2019 * a few weeks ago)
US economy: Americans finally believe it is good - CNN

QUOTE: New York (CNN Business)The old saying "time heals all wounds" applies to the economy. Stung by the Great Recession, it has taken a decade for many Americans to feel safe in their jobs and investments again.
The polls tell the story. As 2019 winds down, the economy is getting its best rating in almost 20 years. Overall, 76% of those polled rate the economy very or somewhat good, according to a new CNN poll conducted by SSRS. That's up nine points from last year and the highest percentage since February 2001.
Time gets some of the credit. The president and his bullish megaphone get the rest.

MY COMMENT: So CNN is forced to admit that Americans are finally happy with the economy. And that last sentence: "Time gets some of the credit. The president and his bullish megaphone get the rest." Will CNN fire this lady? LOL.

Its all thanks to Trump too, the greatest POTUS ever!

 

[rightwinger]

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.

Stimulus price tag: $2.8 trillion - Dec. 20, 2010

Obama had an open ended check book in office............QE to the moon as well.......and we still had one of the slowest recovers around...........But hey...............political pundits got money from the Taxpayer while we looked the other way.

https://www.sanders.senate.gov/imo/media/doc/GAO Fed Investigation.pdf

But that was only the tip of the iceberg.

Try up is running a trillion dollar deficit in a strong economy. A time you should be paying down debt

 

[eagle1462010]

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.

Trump promised 3-4 percent GDP and criticized Obama for not having over 3 percent a year.

Where does 2.1 percent work into that?

It doesn't matter to them.

They'll drop any standard to any level at any time. Period.
.

Are you talking with your Tribe member.........LMAO

 

[airplanemechanic]

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.

Please give details of 5 Obama policies that helped the economy and links backing that up.

 

[Mac1958]

/----/ "Well, look at the bright side. At least Trump exploded the deficit "
Why do you Libtards consistently lie about this when you know it's Congress that controls the spending?

Yeah. That one.

Here's Nancy Pelosi signing the deal:

 

[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.

Stimulus price tag: $2.8 trillion - Dec. 20, 2010

Obama had an open ended check book in office............QE to the moon as well.......and we still had one of the slowest recovers around...........But hey...............political pundits got money from the Taxpayer while we looked the other way.

https://www.sanders.senate.gov/imo/media/doc/GAO Fed Investigation.pdf

But that was only the tip of the iceberg.

Try up is running a trillion dollar deficit in a strong economy. A time you should be paying down debt

Which part of we are fucked don't you get..............spin it all you want............there is no way we can pay it back......adding in the unfunded liabilities..............and up to 8 Trillion for War.....given the costs over time.....

You have to CUT MANDATORY SPENDING.........and you know what that means Mr. One liner troll.

 

[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.

Stimulus price tag: $2.8 trillion - Dec. 20, 2010

Obama had an open ended check book in office............QE to the moon as well.......and we still had one of the slowest recovers around...........But hey...............political pundits got money from the Taxpayer while we looked the other way.

https://www.sanders.senate.gov/imo/media/doc/GAO Fed Investigation.pdf

But that was only the tip of the iceberg.

Try up is running a trillion dollar deficit in a strong economy. A time you should be paying down debt

Please do explain how any of the Democrats economic plans will pay down our debt. Warren and Sanders plans will explode the debt and implode the economy.

 

[Harpy Eagle]

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

Well, look at the bright side.

At least Trump exploded the deficit (in a period of growth, something Keynes himself would have been against), and at least the Fed has increased its balance sheet by a few hundred billion dollars, which will take more serious unwinding later, all just to grease the system.

Fuck it. Our kids and grandkids can worry about it. Fuck 'em.

MAGA! MAGA! USA! USA! USA!
.

/----/ "Well, look at the bright side. At least Trump exploded the deficit "
Why do you Libtards consistently lie about this when you know it's Congress that controls the spending?
View attachment 303660

I am sure there are 100s of post from you straightening out all those people blaming Obama for the debt during his time in office...

right...

 

[rightwinger]

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.

So did Obama’s policies
Eight years of growth

 

[rightwinger]

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.

Stimulus price tag: $2.8 trillion - Dec. 20, 2010

Obama had an open ended check book in office............QE to the moon as well.......and we still had one of the slowest recovers around...........But hey...............political pundits got money from the Taxpayer while we looked the other way.

https://www.sanders.senate.gov/imo/media/doc/GAO Fed Investigation.pdf

But that was only the tip of the iceberg.

Try up is running a trillion dollar deficit in a strong economy. A time you should be paying down debt

Please do explain how any of the Democrats economic plans will pay down our debt. Warren and Sanders plans will explode the debt and implode the economy.

Return tax rates for billionaires and corporations to their former rates

 

[eagle1462010]

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.

Stimulus price tag: $2.8 trillion - Dec. 20, 2010

Obama had an open ended check book in office............QE to the moon as well.......and we still had one of the slowest recovers around...........But hey...............political pundits got money from the Taxpayer while we looked the other way.

https://www.sanders.senate.gov/imo/media/doc/GAO Fed Investigation.pdf

But that was only the tip of the iceberg.

Try up is running a trillion dollar deficit in a strong economy. A time you should be paying down debt

Please do explain how any of the Democrats economic plans will pay down our debt. Warren and Sanders plans will explode the debt and implode the economy.

Return tax rates for billionaires and corporations to their former rates

Regardless of tax rate..........the Fed gets about 18.1 % on average of GDP..........History doesn't lie..........and history has many different tax brackets .............hmmmm.........

 

[Brain357]

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

I am old enough to remember when you partisan sheep said anything under 3% was failing...now it is fucking amazing.

Weird how that works.

Being a trumpet requires being a hypocrite. Trump is almost everything they told us was bad about Obama...

 

[Brain357]

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.

Stimulus price tag: $2.8 trillion - Dec. 20, 2010

Obama had an open ended check book in office............QE to the moon as well.......and we still had one of the slowest recovers around...........But hey...............political pundits got money from the Taxpayer while we looked the other way.

https://www.sanders.senate.gov/imo/media/doc/GAO Fed Investigation.pdf

But that was only the tip of the iceberg.

Try up is running a trillion dollar deficit in a strong economy. A time you should be paying down debt

Please do explain how any of the Democrats economic plans will pay down our debt. Warren and Sanders plans will explode the debt and implode the economy.

Return tax rates for billionaires and corporations to their former rates

Regardless of tax rate..........the Fed gets about 18.1 % on average of GDP..........History doesn't lie..........and history has many different tax brackets .............hmmmm.........

The trump tax cuts flattened out revenue. I see your chart doesn’t include trump years conveniently...

 

[M14 Shooter]

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

In the first three years under Trump, the economy grew more than any three year period under Obama.

2009 -2.5
2010 +2.6
2011 +1.6
2012 +2.2
2013 +1.8
2014 +2.5
2015 +2.9
2016 +1.6
2017 +2.4
2018 +2.9
2019 +2.3

But the longest expansion in history, now in its 11th year

Speaking of lies...
Longest expansion... save for...
1992-2007
1959-1973