Second-quarter GDP jumps 4.1% for best pace in nearly four years

[imawhosure]

Didn’t think so...it’s unexplainable with any logic, isn’t it?

GDP is going to decelerate as the effects of the tax cuts wear off.

Any Trump haters want to explain who is to blame for 1.6% growth for the entire year of 2016?

Stop asking dumb questions We were recovering from one of the if not the worst recession ever. Obama was good but not a miracle worker especially with ah repub congress lined up against him

Hahaha, of course. At least you are consistent.

Everything Obama ever did was 100% perfect, Got it.

Obama’s 1.6% growth rate in 2016 was the fault of a Pub Congress?

Remind me who has the majority in both houses of Congress currently.

Your logic fails.

So why were more jobs produced in 2016 than in 2017? And why do economists think 1% of today's 4.1% is because China bought huge amounts of soybeans before the Tariff comes up?

Obama’s average quarter was 1.8% growth.

Yea.....when you stick him with some of those quarters from Bush’s economy

By the way folks, you notice that his majesty _oh-Wing-dinger, loves to tell you how much money Trump borrowed to produce the desired results when he gave tax breaks.

He doesn't tell you how much Obysmal raised the debt, talks about Tarp 1 through 14 or whatever, nor even acknowledges QE.

Now why do you think that is? Why was the Obysmal deficit somehow BETTER than Trumps?

ANSWER-----------> Because the Trump deficit went BACK TO THE PEOPLE, the Obysmal deficit money was INJECTED into government, where his hero, the Community Organizer and chief, could decide what to do with it, who to give it to, who NOT to give it to, and who to bribe-)

So in essence, Mr Hum-ding-a-ling-winger is telling you that----------> you are baaaaaaaaaad because you got some of your money back, but Obysmal was goooooooood, because he stole some of your money, then gave it away to whomever he decided to.

What did you buy with your tax break so far, or did you invest it instead?

HOW DARE YOU, how double DARE YOU! Keep your own money, when there is so much transfer of wealth to accomplish, so many illegals to take care of, and so many liberal states to bail out, what are you thinking COMRADES-) You MUST immediately turn over that extra cash to fancy-Nancy, Chucky Shmucky, and the Charming and delightful, Maxy Maxine! They know what to do with YOUR money, far better than you do!

The difference between Crooked Donnie and the Great Obama is that Obama borrowed money to prop up an economy on the brink of depression

Crooked Donnie is borrowing money in a strong economy.

He is? I thought his numbers were terrible according to you-) They are only bad to us then, because if Trump can't do any better than Obama, then he sucks too!

See, that is the difference between us and you. If Trump can't do better than Obama...…...then by logic...…..if we say Obama sucked, then Trump has to suck too!

But your logic is...………….if Obama did well spending 10 trillion with the economy, if Trump does even better spending 2 trillion, you can never admit Trump is doing stellar, lol.

That is why, you people are known as...…...Phony-E-Baloneys!

And by the way, I shall tell you what, I think Bill Clintons spending and economic model was good, so lets go back to his spending model, with welfare reform, etc. What say you-) We will probably have to cut 700 billion out of the budget, but that is ok with me, as long as the cuts are across the board, except for entitlements.

With me Winger-)

 

[edward37]

Any Trump haters want to explain who is to blame for 1.6% growth for the entire year of 2016?

Stop asking dumb questions We were recovering from one of the if not the worst recession ever. Obama was good but not a miracle worker especially with ah repub congress lined up against him

Hahaha, of course. At least you are consistent.

Everything Obama ever did was 100% perfect, Got it.

Obama’s 1.6% growth rate in 2016 was the fault of a Pub Congress?

Remind me who has the majority in both houses of Congress currently.

Your logic fails.

Obama didn't have 1% of GDP responsible for huge exports to beat the tariffs and didn't have huge tax cuts either How long can that continue under Trump?

 

[OODA_Loop]

Obama didn't have 1% of GDP responsible for huge exports to beat the tariffs and didn't have huge tax cuts either How long can that continue under Trump?

The erection from winning does get uncomfortable after a while

 

[ThunderKiss1965]

Any Trump haters want to explain who is to blame for 1.6% growth for the entire year of 2016?

Stop asking dumb questions We were recovering from one of the if not the worst recession ever. Obama was good but not a miracle worker especially with ah repub congress lined up against him

So what your saying is after 8 years under Obama 2016's terriable 1.6 % growth was Bush's fault ?

 

[ThunderKiss1965]

Any Trump haters want to explain who is to blame for 1.6% growth for the entire year of 2016?

Republican Congress holding back growth in an election year

So the low growth quarters were Republicans fault the good ones were Obama ? What exactly did Republicans do to hold back the economy ?

 

[Toddsterpatriot]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

Ummm……..

 

[Toddsterpatriot]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Ummm....wrong (partly).

QE is still going on. The Fed is still pumping money into markets...it is just doing so at a declining rate as it wants to - slowly - unwind QE.
But until it finishes that process....which will take years - QE is still ongoing.

The Fed’s QE-Unwind is Really Happening

So yes, Trump is getting less help from the Fed than Obama got. But he is still DEFINITELY getting help from the Fed.

QE is still going on. The Fed is still pumping money into markets..

"Pumping money into markets" is what happens when the Fed expands their balance sheet by buying bonds.
They've been selling bonds. QE is not only over, it's being reversed.

But he is still DEFINITELY getting help from the Fed.

Wrong. Quite the opposite.

Most recent. $4.336 trillion.

Jan 19 2017

Since Trump became President, the Fed balance sheet shrank by $161 billion.

The Fed - Factors Affecting Reserve Balances - H.4.1 - Release Dates

Under Obama, it increased by $2.396 trillion.

 

[Toddsterpatriot]

Didn’t think so...it’s unexplainable with any logic, isn’t it?

GDP is going to decelerate as the effects of the tax cuts wear off.

Any Trump haters want to explain who is to blame for 1.6% growth for the entire year of 2016?

Stop asking dumb questions We were recovering from one of the if not the worst recession ever. Obama was good but not a miracle worker especially with ah repub congress lined up against him

Hahaha, of course. At least you are consistent.

Everything Obama ever did was 100% perfect, Got it.

Obama’s 1.6% growth rate in 2016 was the fault of a Pub Congress?

Remind me who has the majority in both houses of Congress currently.

Your logic fails.

So why were more jobs produced in 2016 than in 2017? And why do economists think 1% of today's 4.1% is because China bought huge amounts of soybeans before the Tariff comes up?

Obama’s average quarter was 1.8% growth.

Yea.....when you stick him with some of those quarters from Bush’s economy

By the way folks, you notice that his majesty _oh-Wing-dinger, loves to tell you how much money Trump borrowed to produce the desired results when he gave tax breaks.

He doesn't tell you how much Obysmal raised the debt, talks about Tarp 1 through 14 or whatever, nor even acknowledges QE.

Now why do you think that is? Why was the Obysmal deficit somehow BETTER than Trumps?

ANSWER-----------> Because the Trump deficit went BACK TO THE PEOPLE, the Obysmal deficit money was INJECTED into government, where his hero, the Community Organizer and chief, could decide what to do with it, who to give it to, who NOT to give it to, and who to bribe-)

So in essence, Mr Hum-ding-a-ling-winger is telling you that----------> you are baaaaaaaaaad because you got some of your money back, but Obysmal was goooooooood, because he stole some of your money, then gave it away to whomever he decided to.

What did you buy with your tax break so far, or did you invest it instead?

HOW DARE YOU, how double DARE YOU! Keep your own money, when there is so much transfer of wealth to accomplish, so many illegals to take care of, and so many liberal states to bail out, what are you thinking COMRADES-) You MUST immediately turn over that extra cash to fancy-Nancy, Chucky Shmucky, and the Charming and delightful, Maxy Maxine! They know what to do with YOUR money, far better than you do!

The difference between Crooked Donnie and the Great Obama is that Obama borrowed money to prop up an economy on the brink of depression

Crooked Donnie is borrowing money in a strong economy.

Obama borrowed money to prop up an economy on the brink of depression

The recession ended in June 2009.

 

[imawhosure]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Ummm....wrong (partly).

QE is still going on. The Fed is still pumping money into markets...it is just doing so at a declining rate as it wants to - slowly - unwind QE.
But until it finishes that process....which will take years - QE is still ongoing.

The Fed’s QE-Unwind is Really Happening

So yes, Trump is getting less help from the Fed than Obama got. But he is still DEFINITELY getting help from the Fed.

QE is still going on. The Fed is still pumping money into markets..

"Pumping money into markets" is what happens when the Fed expands their balance sheet by buying bonds.
They've been selling bonds. QE is not only over, it's being reversed.

But he is still DEFINITELY getting help from the Fed.

Wrong. Quite the opposite.

Most recent. $4.336 trillion.

View attachment 207348

Jan 19 2017

View attachment 207349

Since Trump became President, the Fed balance sheet shrank by $161 billion.

View attachment 207350

The Fed - Factors Affecting Reserve Balances - H.4.1 - Release Dates

Under Obama, it increased by $2.396 trillion.

You have just sent Little Rocketman spinning out of control, lol-)

 

[imawhosure]

Didn’t think so...it’s unexplainable with any logic, isn’t it?

GDP is going to decelerate as the effects of the tax cuts wear off.

Stop asking dumb questions We were recovering from one of the if not the worst recession ever. Obama was good but not a miracle worker especially with ah repub congress lined up against him

Hahaha, of course. At least you are consistent.

Everything Obama ever did was 100% perfect, Got it.

Obama’s 1.6% growth rate in 2016 was the fault of a Pub Congress?

Remind me who has the majority in both houses of Congress currently.

Your logic fails.

So why were more jobs produced in 2016 than in 2017? And why do economists think 1% of today's 4.1% is because China bought huge amounts of soybeans before the Tariff comes up?

Obama’s average quarter was 1.8% growth.

Yea.....when you stick him with some of those quarters from Bush’s economy

By the way folks, you notice that his majesty _oh-Wing-dinger, loves to tell you how much money Trump borrowed to produce the desired results when he gave tax breaks.

He doesn't tell you how much Obysmal raised the debt, talks about Tarp 1 through 14 or whatever, nor even acknowledges QE.

Now why do you think that is? Why was the Obysmal deficit somehow BETTER than Trumps?

ANSWER-----------> Because the Trump deficit went BACK TO THE PEOPLE, the Obysmal deficit money was INJECTED into government, where his hero, the Community Organizer and chief, could decide what to do with it, who to give it to, who NOT to give it to, and who to bribe-)

So in essence, Mr Hum-ding-a-ling-winger is telling you that----------> you are baaaaaaaaaad because you got some of your money back, but Obysmal was goooooooood, because he stole some of your money, then gave it away to whomever he decided to.

What did you buy with your tax break so far, or did you invest it instead?

HOW DARE YOU, how double DARE YOU! Keep your own money, when there is so much transfer of wealth to accomplish, so many illegals to take care of, and so many liberal states to bail out, what are you thinking COMRADES-) You MUST immediately turn over that extra cash to fancy-Nancy, Chucky Shmucky, and the Charming and delightful, Maxy Maxine! They know what to do with YOUR money, far better than you do!

The difference between Crooked Donnie and the Great Obama is that Obama borrowed money to prop up an economy on the brink of depression

Crooked Donnie is borrowing money in a strong economy.

Obama borrowed money to prop up an economy on the brink of depression

The recession ended in June 2009.

See Todd, you tell them exactly what Obysmal told us. So what are they going to say? Obysmal was lying?

Almost everything Obysmal told us was a downright fabrication, but all these people insisted it was gospel, and now it comes back to bite them. They have no way out-) Either Obama was lying like hell, meaning they fell for his bull hook, line, and sinker...……...or...…..he wasn't lying, and after 8 years of trying, Obysmal was the worst economic President we have ever been witness to.

SO, WHICH IS IT LEFTISTS-) Let me get a bowl of popcorn for the spinning I just know is coming!

 

[McRocket]

Any Trump haters want to explain who is to blame for 1.6% growth for the entire year of 2016?

Stop asking dumb questions We were recovering from one of the if not the worst recession ever. Obama was good but not a miracle worker especially with ah repub congress lined up against him

So what your saying is after 8 years under Obama 2016's terriable 1.6 % growth was Bush's fault ?

No economist worth a plug nickel is counting the Great Recession (which Obama inherited) as his fault.

Obviously, you count Obama's GDP record from the end of the Great Recession. And from that point it was 2.17%.

Still, nothing to write home about. And it should be noted that in Trump's first year in office, the economy grew at only a 2.2% clip. Hardly Earth-shattering.

The Strange Ups and Downs of the U.S. Economy Since 1929

BTW - I strongly disagree with how BOTH Obama AND Trump have handled the economy. Both have depended FAR too much on cheap credit (Obama more than Trump). But, though Trump did some good things, they have been completely cancelled out by a huge fiscal deficit and his irrational trade war threats.

 

[percysunshine]

.
Meh...statistically, Presidents have an attenuated and delayed affect on the economy. Congress is the earlier progenitor of these things.

Maybe the tax law change, where companies repatriated billions of stranded dollars from offshore tax havens, can account for some of this. However, there is a business cycle which is not necessarily synchronized with a political entity, which happens to occupy the White House at any point in time.

 

[jc456]

Nothing a gop president does will ever be good. What a waste of our time arguing economics with demolosers. Hell they don’t even know obammy kept Bush’s tax cuts.

 

[sartre play]

Just not seeing any thing in the last almost 20 years that benefits your average working person.

 

[K9Buck]

BTW - anyone curious how the trade deficit is doing thanks to Trump's tariffs?

Well, in June, the trade deficit in Goods actually rose. By 5.5%.

https://www.census.gov/econ/indicators/advance_report.pdf

So prices are going up for consumers, Trump has to bail out the farmers (to keep their votes) and now, the trade deficit in Goods is rising again.

70% of our GDP is consumer spending, so of course our trade deficit rose as we spent more. The better the economy does the greater the trade deficit. I can tell you that when I got my 12 grand raise this year, my trade deficit with Best Buy increased.

Yea that place

Just not seeing any thing in the last almost 20 years that benefits your average working person.

Salaries: US wage growth in June was 2018's strongest so far

 

[rightwinger]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

 

[Toddsterpatriot]

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

Yes, $2 trillion and growing

$1.35 trillion.

If we have GDP of 4.1 percent, WHY do we need a growing deficit!

The government spends way too much.

 

[rightwinger]

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

Trump borrowed $2 trillion to bolster his economy

View attachment 207344

View attachment 207345

Ummm……..

Yes, $2 trillion and growing

Why is Trump borrowing money in a strong economy?
If we have GDP of 4.1 percent, WHY do we need a growing deficit!

Yes, $2 trillion and growing

$1.35 trillion.

If we have GDP of 4.1 percent, WHY do we need a growing deficit!

The government spends way too much.

Who increased spending?
Why did we escalate military spending 20 percent in a time of peace?

The Great Obama got the deficit down to $400 billion, why did Crooked Donnie double it to $800 billion?

 

[Cellblock2429]

Numbers just released. Last quarter was 2%.
During the Obama years, GDP passed 4.1% four times.
How is it different now?

What does that have anything to do with these numbers? Sounds like you’re upset gdp was high? Strange post.

All the times the Obama economy passed 4% the economy wasn't supercharged with unsustainable tax breaks. And massive quick orders of farm goods hoping to cash in before tariffs take effect.

Trump says job growth will continue when we have more open jobs than unemployed. Clearly, more unfilled jobs doesn't really qualify as job growth.

And people's wages haven't actually gone up. There have been bonuses which is NOT the same as increased salary.

So this quarter is actually the fifth highest if you include the Obama years.

Trump could actually give good news even if he didn't lie or mislead.

Ummm, did you mention that Trump doesn't have QE to bolster HIS economy like Obama did.

Trump borrowed $2 trillion to bolster his economy

/----/ Prove it or bow down to your Daddy Donald Trump.

 

[Remodeling Maidiac]

Just not seeing any thing in the last almost 20 years that benefits your average working person.

When did it become the government's job to make your career better?