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

[tyroneweaver]

Unfortunately wages have been going down.
The only thing keeping them as high as they are now are one time bonuses from the tax cuts for corporations and billionaires.
The speculation there is new workers are entering the market and people my age have been retiring.

So is GDP sustainable at 4.1% if wages are dropping?

Unfortunate that anything positive that happens in America these days you wanna shit on

 

[edward37]

Unfortunately wages have been going down.
The only thing keeping them as high as they are now are one time bonuses from the tax cuts for corporations and billionaires.
The speculation there is new workers are entering the market and people my age have been retiring.

So is GDP sustainable at 4.1% if wages are dropping?

Unfortunate that anything positive that happens in America these days you wanna shit on

Bull shit 4.1 is great ,,,,,,but how did it get there and what's his next trick?? Another tax cut for millionaires?? Bring it on

 

[ColonelAngus]

When 2018 is done, we will have the best growth in GDP since 2005.

Sorry, Bill Maher.

 

[bendog]

Very nice. Now we have to sustain it for a bit.

And balance the budget. And pay the workers. And assess what was sacrificed and future cost of the wave of deregulation.

What specific regulations has Trump removed that should not have been?

the economy is jammin! I guess Obama-Phone-Girl will finally get that dream job at a KFC counter taking orders

Have gov't spend billions ,,have exports over exceed because of coming tariffs ,give huge tax breaks and VOILA ,,,,you have a 4.1 What will he do for his next trick??

There is, imo, a larger issue. Yes, the economy is NOT growing at 4% annually, and yesterday we actually saw a semiconductor price rise on a stock buy back despite Jina ending its supplier relationship with a Jina mftrer. If the gop doesn't stop the govt spending increases, despite tax cuts and lower revenue, the Fed will have no choice but to revisit the bank rate of the late 80s of 6%, and that will tank the economy. And if Trump doesn't nix the tariff thing..... we've not seen that since Smoot Hawley, which didn't work out to well

But assuming the gop got it's fucking act together, and assuming we actually had some spending discipline IT JUST MIGHT BE THAT GREENSPAN WAS NOT THE GENIUS he was made out to be before he failed to reign in subprime loans. Maybe we should have had consistent 4-5% growth in the WJC years. Maybe the Fed was overly cautious about inflation.

But most likely, given the inability of Trump to self-discipline, we're going to tank sometime in 2019 or 20. We already see him trying to bully the Fed into not raising rates. Nixon did that with Aruther Burns, and we got stagflation.

 

[ColonelAngus]

Greenspan was not a genius.

 

[jc456]

You can't cheer the marathon winner halfway through the race.

Especially when the last guy did better 4 times.

You never watch racing or a sport’s event? People cheer the entire race/game. You’re fkn nuts

 

[jc456]

GDP at 4.1% Great job President Trump! Second-quarter GDP up 4.1%, as expected. Second-quarter GDP jumps 4.1% for best pace in nearly four years

It’s nice, but the reality is the president, Trump in this instance, has little influence on the economy/gdp. Economies go thru natural cycles beyond the control of a president. Ironically, the economy is the one thing most people use to judge or re-elect a president, unless of course they are black. Then the economy doesn’t matter apparently.

disagree. while i will agree the president can only do so much, they can have an effect on overall policy and set the stage and leave it up to the rest of us from there.

10+ years of less than 3%
U.S. Has Record 10th Straight Year Without 3% Growth in GDP

lol, why don't you make that point when Trump actually manages to get 3%+ year. At least it would makes sense.

We will

 

[ColonelAngus]

Very nice. Now we have to sustain it for a bit.

And balance the budget. And pay the workers. And assess what was sacrificed and future cost of the wave of deregulation.

What specific regulations has Trump removed that should not have been?

the economy is jammin! I guess Obama-Phone-Girl will finally get that dream job at a KFC counter taking orders

Have gov't spend billions ,,have exports over exceed because of coming tariffs ,give huge tax breaks and VOILA ,,,,you have a 4.1 What will he do for his next trick??

There is some truth to this, but it doesn’t mean that 4% isn’t sustainable for the rest of the year.

 

[jc456]

BTW - including today's GDP growth number?

GDP growth under Trump so far has been 2.7%.

United States GDP Growth Rate | 1947-2018 | Data | Chart | Calendar

Big deal.


Once again...I am neither Dem nor Rep.

Whoopti-do

 

[edward37]

You can't cheer the marathon winner halfway through the race.

Especially when the last guy did better 4 times.

You never watch racing or a sport’s event? People cheer the entire race/game. You’re fkn nuts

Slow and steady wins the race Drumpf reminds me of the hare,,,,,,and soon he'll be rabbit stew

 

[jc456]

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

During the Obama years, GDP passed 4.1% four times.

4 times out of 32? Impressive!

Almost as impressive as 1 times out of 6

Did you do the math? You sure?

 

[jc456]

You can't cheer the marathon winner halfway through the race.

Especially when the last guy did better 4 times.

You never watch racing or a sport’s event? People cheer the entire race/game. You’re fkn nuts

Slow and steady wins the race Drumpf reminds me of the hare,,,,,,and soon he'll be rabbit stew

Better than a mole!

 

[jasonnfree]

GDP at 4.1% Great job President Trump! Second-quarter GDP up 4.1%, as expected. Second-quarter GDP jumps 4.1% for best pace in nearly four years

It’s nice, but the reality is the president, Trump in this instance, has little influence on the economy/gdp. Economies go thru natural cycles beyond the control of a president. Ironically, the economy is the one thing most people use to judge or re-elect a president, unless of course they are black. Then the economy doesn’t matter apparently.

True, although eliminating many of the Obama regulations should help immensely.

Of course, since companies now know they can pollute at will. There may have been some regulations that were unnecessary, but how can we be sure?

 

[Thinker101]

GDP at 4.1% Great job President Trump! Second-quarter GDP up 4.1%, as expected. Second-quarter GDP jumps 4.1% for best pace in nearly four years

It’s nice, but the reality is the president, Trump in this instance, has little influence on the economy/gdp. Economies go thru natural cycles beyond the control of a president. Ironically, the economy is the one thing most people use to judge or re-elect a president, unless of course they are black. Then the economy doesn’t matter apparently.

True, although eliminating many of the Obama regulations should help immensely.

Of course, since companies now know they can pollute at will. There may have been some regulations that were unnecessary, but how can we be sure?

No kidding, and which regulation was dropped that allows companied to pollute at will?

 

[edward37]

GDP at 4.1% Great job President Trump! Second-quarter GDP up 4.1%, as expected. Second-quarter GDP jumps 4.1% for best pace in nearly four years

It’s nice, but the reality is the president, Trump in this instance, has little influence on the economy/gdp. Economies go thru natural cycles beyond the control of a president. Ironically, the economy is the one thing most people use to judge or re-elect a president, unless of course they are black. Then the economy doesn’t matter apparently.

True, although eliminating many of the Obama regulations should help immensely.

Of course, since companies now know they can pollute at will. There may have been some regulations that were unnecessary, but how can we be sure?

No kidding, and which regulation was dropped that allows companied to pollute at will?

Remember Thinker?
Remember the Days When We didn't have a Humiliating Moron for a President, Who wasn't a Pathological Liar, or a Sociopath who had Morals and Values and spoke above a 4th Grade Level?

 

[ColonelAngus]

GDP at 4.1% Great job President Trump! Second-quarter GDP up 4.1%, as expected. Second-quarter GDP jumps 4.1% for best pace in nearly four years

It’s nice, but the reality is the president, Trump in this instance, has little influence on the economy/gdp. Economies go thru natural cycles beyond the control of a president. Ironically, the economy is the one thing most people use to judge or re-elect a president, unless of course they are black. Then the economy doesn’t matter apparently.

True, although eliminating many of the Obama regulations should help immensely.

Of course, since companies now know they can pollute at will. There may have been some regulations that were unnecessary, but how can we be sure?

No kidding, and which regulation was dropped that allows companied to pollute at will?

Remember Thinker?
Remember the Days When We didn't have a Humiliating Moron for a President, Who wasn't a Pathological Liar, or a Sociopath who had Morals and Values and spoke above a 4th Grade Level?

Fast and Furious?

 

[Thinker101]

GDP at 4.1% Great job President Trump! Second-quarter GDP up 4.1%, as expected. Second-quarter GDP jumps 4.1% for best pace in nearly four years

It’s nice, but the reality is the president, Trump in this instance, has little influence on the economy/gdp. Economies go thru natural cycles beyond the control of a president. Ironically, the economy is the one thing most people use to judge or re-elect a president, unless of course they are black. Then the economy doesn’t matter apparently.

True, although eliminating many of the Obama regulations should help immensely.

Of course, since companies now know they can pollute at will. There may have been some regulations that were unnecessary, but how can we be sure?

No kidding, and which regulation was dropped that allows companied to pollute at will?

Remember Thinker?
Remember the Days When We didn't have a Humiliating Moron for a President, Who wasn't a Pathological Liar, or a Sociopath who had Morals and Values and spoke above a 4th Grade Level?

Yes I do, and it wasn't Obama.

 

[bendog]

Very nice. Now we have to sustain it for a bit.

And balance the budget. And pay the workers. And assess what was sacrificed and future cost of the wave of deregulation.

What specific regulations has Trump removed that should not have been?

the economy is jammin! I guess Obama-Phone-Girl will finally get that dream job at a KFC counter taking orders

Have gov't spend billions ,,have exports over exceed because of coming tariffs ,give huge tax breaks and VOILA ,,,,you have a 4.1 What will he do for his next trick??

There is some truth to this, but it doesn’t mean that 4% isn’t sustainable for the rest of the year.

Not with tariffs it isn't. But I gave up trying to anticipate what Trump would do about three months into his administration.

 

[iceberg]

U.S. Economy Grew at 4.1% Rate in Second Quarter

"...The president touted his own track record since taking office, saying that the economy is growing at a pace 10 times faster than during the presidencies of George W. Bush or Barack Obama.

Actually, the U.S. economy grew faster than a 4.1% annual rate in four quarters of Mr. Obama’s presidency and four quarters of Mr. Bush’s. In the second quarter of 2014, GDP rose at an annual rate of 5.1%—the peak quarterly growth rate of the current expansion so far....​

`

Where does he come up with this shit? 10 times faster? He is either really shitty at math or a liar that knows his sheep will not care about his lies


Sent from my iPhone using USMessageBoard.com

It's a figure of speech. Remember, the guy isn't a politician.

No, he is a fucking liar. And his sheep will always cover for him.

obama or trump. it can go either way on that sentence.

 

[Harpy Eagle]

U.S. Economy Grew at 4.1% Rate in Second Quarter

"...The president touted his own track record since taking office, saying that the economy is growing at a pace 10 times faster than during the presidencies of George W. Bush or Barack Obama.

Actually, the U.S. economy grew faster than a 4.1% annual rate in four quarters of Mr. Obama’s presidency and four quarters of Mr. Bush’s. In the second quarter of 2014, GDP rose at an annual rate of 5.1%—the peak quarterly growth rate of the current expansion so far....​

`

Where does he come up with this shit? 10 times faster? He is either really shitty at math or a liar that knows his sheep will not care about his lies


Sent from my iPhone using USMessageBoard.com

It's a figure of speech. Remember, the guy isn't a politician.

No, he is a fucking liar. And his sheep will always cover for him.

obama or trump. it can go either way on that sentence.

I have been saying for years there is little difference between the two. Thanks for the confirmation