McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
- 275
- Banned
- #1
'One month after the first take of Q1 GDP surprised to the upside, printing at 2.3%, more than the 2.0% consensus estimate, moments ago the BEA reported that as part of its 1st revision of Q1 GDP data, the US economy grew slightly less than expected, with GDP rising an annualized 2.2% (technically 2.17%), missing expectations of a 2.3% print, and down from last month's 2.32%.'
Q1 GDP Revised To 2.2%, Misses Across The Board
So...since Trump took office, average GDP Growth has been 2.52%.
Big deal.
I said when Trump was elected that GDP growth would be under 3% for his time in office (just as Obama's had been).
And I (and LOTS of people) were right.
Other then his corporate tax cuts - Trump has done NOTHING to help the economy (if you think his trade policies will...you are dreaming).
The economy was a semi-mess under GWB, it was a semi-mess under Obama and it is a semi-mess under Trump.
Why? Because the Federal Reserve has been running the show - more or less - since about 2001.
Nothing but a debt-fueled, money-printing, joy ride to economic mediocrity (eventual disaster?). So long as the Fed is running the show (and if you do not know they are - you are virtually clueless about the economy), America is economically screwed.
Q1 GDP Revised To 2.2%, Misses Across The Board
So...since Trump took office, average GDP Growth has been 2.52%.
Big deal.
I said when Trump was elected that GDP growth would be under 3% for his time in office (just as Obama's had been).
And I (and LOTS of people) were right.
Other then his corporate tax cuts - Trump has done NOTHING to help the economy (if you think his trade policies will...you are dreaming).
The economy was a semi-mess under GWB, it was a semi-mess under Obama and it is a semi-mess under Trump.
Why? Because the Federal Reserve has been running the show - more or less - since about 2001.
Nothing but a debt-fueled, money-printing, joy ride to economic mediocrity (eventual disaster?). So long as the Fed is running the show (and if you do not know they are - you are virtually clueless about the economy), America is economically screwed.
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