Greatest Economy Ever at 1.9% GDP

[pknopp]

Likely. Debt? In my book tripling is worse than doubling.

Reagan added less as a percentage of GDP and had awesome growth.
And he didn't have 7 years of 0.25% Fed Funds rates.

I disagree:

Which President Increased U.S. Debt the Most?

Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.

Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,

He added $8.588 trillion.

He added $9.3 trillion.

More, if you subtract the bank TARP lent under Bush and repaid under Obama.

More, if you subtract out the Fed's windfall profits due to QE.

Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.

There was no.profits. That was a lie.

There was no.profits.

The Fed "printed" money at 0.25% and bought bonds earning 2%-4%.
Huge profits.

We lost money.

No, The Big Banks Have Not "Paid Back" Government Bailouts and Subsidies | Zero Hedge | Zero Hedge

 

[pknopp]

GDP slows slightly to 1.9% in the third quarter

The Fed will step in again, most likely. Markets will expect it now.
.

So the Fed raises interest rates five times to crush the economy and is now back peddling as fast as it can to correct its screw up. Pelosi won't vote on USMCA. Impeachment bullshit waning on business and consumer confidence.

Then you want to blame Trump for not getting the economy growing faster.

Take the Hillary bumper sticker off your car. And take the pussy hat off your head.

It's backpedaling?

They'll be dropping rates again.

Jeez, you guys are clueless.
.

\

The only clueless part of this convo is you not understanding I referenced the rate reductions by the Fed as back peddling. Try to keep up around here, it's your thread, cluelessX4.

That might be good spin if I hadn't heard the same thing from other Trumpsters claiming the Fed went too far with rate cuts and was backpedaling on THAT.

Gawd, you wingers just lie and lie and lie.
.

Quit being a moron. The Fed cut the rate again today. That's up 5 times in a year and now 3 down this year.

Those 5 rate hikes slammed on the brakes and now the Fed is dropping them because they know damn well they fucked up.

So if you want to make an idiot of yourself go right ahead but the facts are the facts.

This is how "Capitalism" works?

 

[Toddsterpatriot]

Reagan added less as a percentage of GDP and had awesome growth.
And he didn't have 7 years of 0.25% Fed Funds rates.

I disagree:

Which President Increased U.S. Debt the Most?

Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.

Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,

He added $8.588 trillion.

He added $9.3 trillion.

More, if you subtract the bank TARP lent under Bush and repaid under Obama.

More, if you subtract out the Fed's windfall profits due to QE.

Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.

There was no.profits. That was a lie.

There was no.profits.

The Fed "printed" money at 0.25% and bought bonds earning 2%-4%.
Huge profits.

We lost money.

No, The Big Banks Have Not "Paid Back" Government Bailouts and Subsidies | Zero Hedge | Zero Hedge

Well, first, I was talking about the Fed's windfall profits on QE. Well over half a trillion.
Second, bank Tarp made huge profits for the Treasury.
Third, your silly source was from 2010.

 

[Ricky LIbtardo]

So the Fed raises interest rates five times to crush the economy and is now back peddling as fast as it can to correct its screw up. Pelosi won't vote on USMCA. Impeachment bullshit waning on business and consumer confidence.

Then you want to blame Trump for not getting the economy growing faster.

Take the Hillary bumper sticker off your car. And take the pussy hat off your head.

It's backpedaling?

They'll be dropping rates again.

Jeez, you guys are clueless.
.

\

The only clueless part of this convo is you not understanding I referenced the rate reductions by the Fed as back peddling. Try to keep up around here, it's your thread, cluelessX4.

That might be good spin if I hadn't heard the same thing from other Trumpsters claiming the Fed went too far with rate cuts and was backpedaling on THAT.

Gawd, you wingers just lie and lie and lie.
.

Quit being a moron. The Fed cut the rate again today. That's up 5 times in a year and now 3 down this year.

Those 5 rate hikes slammed on the brakes and now the Fed is dropping them because they know damn well they fucked up.

So if you want to make an idiot of yourself go right ahead but the facts are the facts.

This is how "Capitalism" works?

Capitalism funds the entire Socialist world. It's only a problem when idiots control the banking system. And the last two years of 5 rate hikes in a year and 3 rate cuts in a year proves an idiot is making the decisions. Trump was correct.

 

[pknopp]

I disagree:

Which President Increased U.S. Debt the Most?

Ronald Reagan: President Reagan increased the debt by 186%. Reaganomics added $1.86 trillion. Reagan's brand of supply-side economics didn't grow the economy enough to offset the lost revenue from its tax cuts. That was partly because Reagan increased the defense budget by 35%.

Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74% increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes,

He added $8.588 trillion.

He added $9.3 trillion.

More, if you subtract the bank TARP lent under Bush and repaid under Obama.

More, if you subtract out the Fed's windfall profits due to QE.

Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.

There was no.profits. That was a lie.

There was no.profits.

The Fed "printed" money at 0.25% and bought bonds earning 2%-4%.
Huge profits.

We lost money.

No, The Big Banks Have Not "Paid Back" Government Bailouts and Subsidies | Zero Hedge | Zero Hedge

Well, first, I was talking about the Fed's windfall profits on QE. Well over half a trillion.
Second, bank Tarp made huge profits for the Treasury.
Third, your silly source was from 2010.

We lost big time.

 

[pknopp]

It's backpedaling?

They'll be dropping rates again.

Jeez, you guys are clueless.
.

\

The only clueless part of this convo is you not understanding I referenced the rate reductions by the Fed as back peddling. Try to keep up around here, it's your thread, cluelessX4.

That might be good spin if I hadn't heard the same thing from other Trumpsters claiming the Fed went too far with rate cuts and was backpedaling on THAT.

Gawd, you wingers just lie and lie and lie.
.

Quit being a moron. The Fed cut the rate again today. That's up 5 times in a year and now 3 down this year.

Those 5 rate hikes slammed on the brakes and now the Fed is dropping them because they know damn well they fucked up.

So if you want to make an idiot of yourself go right ahead but the facts are the facts.

This is how "Capitalism" works?

Capitalism funds the entire Socialist world. It's only a problem when idiots control the banking system. And the last two years of 5 rate hikes in a year and 3 rate cuts in a year proves an idiot is making the decisions. Trump was correct.

What the Fed is doing is Socialism.

 

[Toddsterpatriot]

He added $8.588 trillion.

He added $9.3 trillion.

More, if you subtract the bank TARP lent under Bush and repaid under Obama.

More, if you subtract out the Fed's windfall profits due to QE.

Obama added more, as a percentage of GDP, than Reagan.
And Obama's economy sucked.

There was no.profits. That was a lie.

There was no.profits.

The Fed "printed" money at 0.25% and bought bonds earning 2%-4%.
Huge profits.

We lost money.

No, The Big Banks Have Not "Paid Back" Government Bailouts and Subsidies | Zero Hedge | Zero Hedge

Well, first, I was talking about the Fed's windfall profits on QE. Well over half a trillion.
Second, bank Tarp made huge profits for the Treasury.
Third, your silly source was from 2010.

We lost big time.

Liar.

 

[pknopp]

There was no.profits. That was a lie.

There was no.profits.

The Fed "printed" money at 0.25% and bought bonds earning 2%-4%.
Huge profits.

We lost money.

No, The Big Banks Have Not "Paid Back" Government Bailouts and Subsidies | Zero Hedge | Zero Hedge

Well, first, I was talking about the Fed's windfall profits on QE. Well over half a trillion.
Second, bank Tarp made huge profits for the Treasury.
Third, your silly source was from 2010.

We lost big time.

Liar.

You a big believer in what the government tells you? We gave billions to other countries.

Where does that fit into capitalism?

 

[Papageorgio]

from 83-88 averaged 3.5% growth.

But Reagan was president from Jan 1981, not 1983.

I didn’t credit Reagan for the growth. I realize many factors are at play and the President isn’t the biggest factor in an economy, lots of other factors they can’t control. Take the 2001 recession, Clinton wasn’t at fault for the dot com bubble bursting, it was going to happen no matter what, what goes up, must come down. The resulting recession in 2001 was also compounded by 9/11 another incident that was beyond a President’s control. To blame or credit a president for an economic growth or recession is very simplistic and shows a lack of understanding of cause and effect.

 

[Toddsterpatriot]

There was no.profits.

The Fed "printed" money at 0.25% and bought bonds earning 2%-4%.
Huge profits.

We lost money.

No, The Big Banks Have Not "Paid Back" Government Bailouts and Subsidies | Zero Hedge | Zero Hedge

Well, first, I was talking about the Fed's windfall profits on QE. Well over half a trillion.
Second, bank Tarp made huge profits for the Treasury.
Third, your silly source was from 2010.

We lost big time.

Liar.

You a big believer in what the government tells you? We gave billions to other countries.

Where does that fit into capitalism?

You a big believer in what the government tells you?

Between the government and you...….LOL!

We gave billions to other countries.

Gave? LOL!

Bailout Tracker

Just a part of the list. You should check it out.

NOT a conservative site.
Bank TARP was hugely profitable.

 

[pknopp]

We lost money.

No, The Big Banks Have Not "Paid Back" Government Bailouts and Subsidies | Zero Hedge | Zero Hedge

Well, first, I was talking about the Fed's windfall profits on QE. Well over half a trillion.
Second, bank Tarp made huge profits for the Treasury.
Third, your silly source was from 2010.

We lost big time.

Liar.

You a big believer in what the government tells you? We gave billions to other countries.

Where does that fit into capitalism?

You a big believer in what the government tells you?

Between the government and you...….LOL!

We gave billions to other countries.

Gave? LOL!

View attachment 287167


Bailout Tracker

Just a part of the list. You should check it out.

NOT a conservative site.
Bank TARP was hugely profitable.

We were told initially that GM paid their bail out back also......

 

[Toddsterpatriot]

Well, first, I was talking about the Fed's windfall profits on QE. Well over half a trillion.
Second, bank Tarp made huge profits for the Treasury.
Third, your silly source was from 2010.

We lost big time.

Liar.

You a big believer in what the government tells you? We gave billions to other countries.

Where does that fit into capitalism?

You a big believer in what the government tells you?

Between the government and you...….LOL!

We gave billions to other countries.

Gave? LOL!

View attachment 287167


Bailout Tracker

Just a part of the list. You should check it out.

NOT a conservative site.
Bank TARP was hugely profitable.

We were told initially that GM paid their bail out back also......

Nope. GM was a big loser. And not part of bank TARP.

 

[pknopp]

We lost big time.

Liar.

You a big believer in what the government tells you? We gave billions to other countries.

Where does that fit into capitalism?

You a big believer in what the government tells you?

Between the government and you...….LOL!

We gave billions to other countries.

Gave? LOL!

View attachment 287167


Bailout Tracker

Just a part of the list. You should check it out.

NOT a conservative site.
Bank TARP was hugely profitable.

We were told initially that GM paid their bail out back also......

Nope. GM was a big loser. And not part of bank TARP.

We were told they were not a loser.

Obama says automakers have paid back all the loans it got from his admin 'and more'

 

[Toddsterpatriot]

Liar.

You a big believer in what the government tells you? We gave billions to other countries.

Where does that fit into capitalism?

You a big believer in what the government tells you?

Between the government and you...….LOL!

We gave billions to other countries.

Gave? LOL!

View attachment 287167


Bailout Tracker

Just a part of the list. You should check it out.

NOT a conservative site.
Bank TARP was hugely profitable.

We were told initially that GM paid their bail out back also......

Nope. GM was a big loser. And not part of bank TARP.

We were told they were not a loser.

Obama says automakers have paid back all the loans it got from his admin 'and more'

You're shocked that Obama was full of shit? DURR

 

[Dont Taz Me Bro]

Bullshit, Obama created the recession. When Democrats took over the Senate and House, and it became obvious Obama was going to win, business and consumer confidence crashed. Everyone ran for the hills.

You claim bullshit and then follow it up with THAT bullshit?

 

[Toddsterpatriot]

Liar.

You a big believer in what the government tells you? We gave billions to other countries.

Where does that fit into capitalism?

You a big believer in what the government tells you?

Between the government and you...….LOL!

We gave billions to other countries.

Gave? LOL!

View attachment 287167


Bailout Tracker

Just a part of the list. You should check it out.

NOT a conservative site.
Bank TARP was hugely profitable.

We were told initially that GM paid their bail out back also......

Nope. GM was a big loser. And not part of bank TARP.

We were told they were not a loser.

Obama says automakers have paid back all the loans it got from his admin 'and more'

Did you read your own link?

LOL!

 

[Faun]

It has been less than THREE YEARS into the Trump Presidency. His average GDP growth is just under 3%. Still way above Obama's average 1.6% over EIGHT YEARS. Even though Obama had two Trillion dollar Stimuli and near ZERO interest rates from the FED.

Obama was handed a recession. And your guy has given us trillion dollar deficits. Policy is a failure.

Bullshit, Obama created the recession. When Democrats took over the Senate and House, and it became obvious Obama was going to win, business and consumer confidence crashed. Everyone ran for the hills.

 

[edthecynic]

from 83-88 averaged 3.5% growth.

But Reagan was president from Jan 1981, not 1983.

I didn’t credit Reagan for the growth.

Sure you didn't.

The growth during the Reagan years ... from 83-88 averaged 3.5% growth.

 

[Toddsterpatriot]

With record high unemployment, yes it was horrible.

Even though Obama's UE was lower than Reagan's UE which to the "human scum" Right that makes Obama's a "record high."

What did Obama do wrong?
Why wasn't his recovery as strong as Reagan's?

The "strength" of Reagan's economy is a myth, just like Tramp's.

The growth during the Reagan years helped lower inflation, lower interest rates and from 83-88 averaged 3.5% growth.

More like 4.5%.

 

[edthecynic]

With record high unemployment, yes it was horrible.

Even though Obama's UE was lower than Reagan's UE which to the "human scum" Right that makes Obama's a "record high."

What did Obama do wrong?
Why wasn't his recovery as strong as Reagan's?

The "strength" of Reagan's economy is a myth, just like Tramp's.

The growth during the Reagan years helped lower inflation, lower interest rates and from 83-88 averaged 3.5% growth.

More like 4.5%.

The myth keeps growing with each liar!