Trumpsters, please don't read this

[Manonthestreet]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

We are missing one of the first things people learn in economics 101.

CAPITALISM NEEDS THE FREE FLOW OF MONEY THROUGHOUT THE ECONOMY TO WORK PROPERLY.

The best way to do that is with taxation and regulations.

We don't have proper taxation and regulation on business.

Most of the money in our economy is concentrated at the top. Those people don't spend enough and there's not enough of them to sustain growth in an economy.

It's the middle class and poor who spend the money that keeps a capitalistic economy healthy.

One other fact people learn in an economics 101 class is that capitalism will destroy itself without proper taxation and regulation. Without that, all that will result is monopolies and oligarchs. Which will implode the economy because there is no free flow of money in the economy.

Capitalism also needs proper competition to work properly. However without proper regulations, monopolies destroy competition. Competition drives innovation and keeps prices for goods and services lower.

So breaking up the big tech monopolies is high on your to do list?

 

[WillowTree]

Are taxes good?

 

[Dana7360]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

I guess I'm missing why you are trying to make this an all-Trump thing. Maybe you're not aware that economies are mainly the domain of Congress? Further, when pointing fingers at the debt, my first thought is the idiot Congress who in 2006 caused the spiraling banking crisis through the Dodd-Frank bill, then Obama coming in and rather than letting bad actors on Wall Street fail and reorganize, spent trillions bailing out the big boys too big to fail while letting the little guy twist in the wind.

We didn't get to 21-22 trillion overnight. When Obama took office in early 2009, we were only at about 9 trillion. It took Barack to put us at 19 trillion.

Now if you want to see that as a Trump deflection, knock yourself out, but the damage is already done.

Dodd Frank in 2006? Really?

I love it when you stupid fucks have to lie to blame Obama when anyone with a fucking brain knows Obama inherited a trillion plus deficit in the midst of the worst recession in 80 years.

BT, the debt was about 10.5 trillion when Obama took office - after your hero GW doubled the debt (after taking over a balanced budget).

All you assholes do is lie. Oh Obama did this & Obama did that.

The fact is Republicans nearly killed America under Bush, Obama brought us back, amd now Trump is taking us down .

Please, quit posting is get a fuickling education.

Look who’s calling us dumbasses! Fact is Bush went to the democrats and warned them the housing bubble was about to burst. Barney Frank laughed right in his face and Fannie and Freddie kept making loans they knew people could never pay back and guess what? Dummy! George Bush was right and the democrats were wrong. Obamallama did the same thing with college tuition.

Nice try, but Barney Frank could not stop anything from his minority position in the House.

What happened was Bush tried to take oversight of Fannie & Freddie away from Congress & put in into the Treasury Department.

The Republicans joined theDemocrats to stop that power play.


Anopther example of an ignmotsant fool too stupid to know what Bush was trying to do & too stupid to know Barney Frank could not stop shit in the House.

The bush boy removed regulations on Fannie Mae saying it would create more home ownership.

Before the bush boy the sub prime loans were prohibited from being bought by Fannie Mae. The bush boy changed the regulations so that Fannie Mae bought a ton of those sub prime loans. He also allowed those loans to be rated prime because of being bundled with a handful of good prime loans to be sold all around the nation and world.

At one time a sub prime loan was illegal and categorized as predatory lending. At one time no one could get a home loan without proof of a job and income. Thanks to deregulation that changed. That and other things caused the real estate market to crash.

Capitalism needs proper regulations and rules to work positively for an economy. Without proper regulations, rules and taxation capitalism will crash an economy.

 

[Mac1958]

I guess I'm missing why you are trying to make this an all-Trump thing. Maybe you're not aware that economies are mainly the domain of Congress? Further, when pointing fingers at the debt, my first thought is the idiot Congress who in 2006 caused the spiraling banking crisis through the Dodd-Frank bill, then Obama coming in and rather than letting bad actors on Wall Street fail and reorganize, spent trillions bailing out the big boys too big to fail while letting the little guy twist in the wind.

We didn't get to 21-22 trillion overnight. When Obama took office in early 2009, we were only at about 9 trillion. It took Barack to put us at 19 trillion.

Now if you want to see that as a Trump deflection, knock yourself out, but the damage is already done.

Dodd Frank in 2006? Really?

I love it when you stupid fucks have to lie to blame Obama when anyone with a fucking brain knows Obama inherited a trillion plus deficit in the midst of the worst recession in 80 years.

BT, the debt was about 10.5 trillion when Obama took office - after your hero GW doubled the debt (after taking over a balanced budget).

All you assholes do is lie. Oh Obama did this & Obama did that.

The fact is Republicans nearly killed America under Bush, Obama brought us back, amd now Trump is taking us down .

Please, quit posting is get a fuickling education.

Look who’s calling us dumbasses! Fact is Bush went to the democrats and warned them the housing bubble was about to burst. Barney Frank laughed right in his face and Fannie and Freddie kept making loans they knew people could never pay back and guess what? Dummy! George Bush was right and the democrats were wrong. Obamallama did the same thing with college tuition.

Nice try, but Barney Frank could not stop anything from his minority position in the House.

What happened was Bush tried to take oversight of Fannie & Freddie away from Congress & put in into the Treasury Department.

The Republicans joined theDemocrats to stop that power play.


Anopther example of an ignmotsant fool too stupid to know what Bush was trying to do & too stupid to know Barney Frank could not stop shit in the House.

The bush boy removed regulations on Fannie Mae saying it would create more home ownership.

Before the bush boy the sub prime loans were prohibited from being bought by Fannie Mae. The bush boy changed the regulations so that Fannie Mae bought a ton of those sub prime loans. He also allowed those loans to be rated prime because of being bundled with a handful of good prime loans to be sold all around the nation and world.

At one time a sub prime loan was illegal and categorized as predatory lending. At one time no one could get a home loan without proof of a job and income. Thanks to deregulation that changed. That and other things caused the real estate market to crash.

Capitalism needs proper regulations and rules to work positively for an economy. Without proper regulations, rules and taxation capitalism will crash an economy.

This is where the Right has gone completely off the rails. They've been convinced (by the usual suspects) that regulation is a bane to capitalism.

In FACT, regulation is a CRITICAL PIECE of capitalism. It's a required component of the system.

It's this misinformation that has (unfortunately) given people pushing socialism an opening, and momentum.
.

 

[Dana7360]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

We are missing one of the first things people learn in economics 101.

CAPITALISM NEEDS THE FREE FLOW OF MONEY THROUGHOUT THE ECONOMY TO WORK PROPERLY.

The best way to do that is with taxation and regulations.

We don't have proper taxation and regulation on business.

Most of the money in our economy is concentrated at the top. Those people don't spend enough and there's not enough of them to sustain growth in an economy.

It's the middle class and poor who spend the money that keeps a capitalistic economy healthy.

One other fact people learn in an economics 101 class is that capitalism will destroy itself without proper taxation and regulation. Without that, all that will result is monopolies and oligarchs. Which will implode the economy because there is no free flow of money in the economy.

Capitalism also needs proper competition to work properly. However without proper regulations, monopolies destroy competition. Competition drives innovation and keeps prices for goods and services lower.

The problem is, this is not Econ 101. It's Talk Radio Economics.

If only it were.
.

Yes you're right. This is a bunch of ill informed people who have no education in economics or finance.

I had to take economics all through college for my degree in accounting/finance. Yes it was boring. An economics book is one of the best cures for insomnia. Never lay down with one, you'll fall right to sleep. LOL.

The economics class I enjoyed the most was the economic history of the nation. That was very fascinating.

 

[Dana7360]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

We are missing one of the first things people learn in economics 101.

CAPITALISM NEEDS THE FREE FLOW OF MONEY THROUGHOUT THE ECONOMY TO WORK PROPERLY.

The best way to do that is with taxation and regulations.

We don't have proper taxation and regulation on business.

Most of the money in our economy is concentrated at the top. Those people don't spend enough and there's not enough of them to sustain growth in an economy.

It's the middle class and poor who spend the money that keeps a capitalistic economy healthy.

One other fact people learn in an economics 101 class is that capitalism will destroy itself without proper taxation and regulation. Without that, all that will result is monopolies and oligarchs. Which will implode the economy because there is no free flow of money in the economy.

Capitalism also needs proper competition to work properly. However without proper regulations, monopolies destroy competition. Competition drives innovation and keeps prices for goods and services lower.

So breaking up the big tech monopolies is high on your to do list?

Yes that needs to be done. They are total monopolies and should be broken up. They need to face regulations too. Obama tried to do that and classify it as a utility but conservatives fought that.

Now conservatives want it.

I totally support the Anti Trust Act that Roosevelt established.

More companies need to be broken up. Business is way too big and has way too much influence and power on our government and nation.

I will say I'm having a great time laughing at people who not too long ago fought hard to keep proper regulations from the internet and the big corporations that have evolved from the internet.

You quickly change your tune when you get what you demand. LOL.

 

[August West]

Dodd Frank in 2006? Really?

I love it when you stupid fucks have to lie to blame Obama when anyone with a fucking brain knows Obama inherited a trillion plus deficit in the midst of the worst recession in 80 years.

BT, the debt was about 10.5 trillion when Obama took office - after your hero GW doubled the debt (after taking over a balanced budget).

All you assholes do is lie. Oh Obama did this & Obama did that.

The fact is Republicans nearly killed America under Bush, Obama brought us back, amd now Trump is taking us down .

Please, quit posting is get a fuickling education.

Look who’s calling us dumbasses! Fact is Bush went to the democrats and warned them the housing bubble was about to burst. Barney Frank laughed right in his face and Fannie and Freddie kept making loans they knew people could never pay back and guess what? Dummy! George Bush was right and the democrats were wrong. Obamallama did the same thing with college tuition.

Nice try, but Barney Frank could not stop anything from his minority position in the House.

What happened was Bush tried to take oversight of Fannie & Freddie away from Congress & put in into the Treasury Department.

The Republicans joined theDemocrats to stop that power play.


Anopther example of an ignmotsant fool too stupid to know what Bush was trying to do & too stupid to know Barney Frank could not stop shit in the House.

The bush boy removed regulations on Fannie Mae saying it would create more home ownership.

Before the bush boy the sub prime loans were prohibited from being bought by Fannie Mae. The bush boy changed the regulations so that Fannie Mae bought a ton of those sub prime loans. He also allowed those loans to be rated prime because of being bundled with a handful of good prime loans to be sold all around the nation and world.

At one time a sub prime loan was illegal and categorized as predatory lending. At one time no one could get a home loan without proof of a job and income. Thanks to deregulation that changed. That and other things caused the real estate market to crash.

Capitalism needs proper regulations and rules to work positively for an economy. Without proper regulations, rules and taxation capitalism will crash an economy.

This is where the Right has gone completely off the rails. They've been convinced (by the usual suspects) that regulation is a bane to capitalism.

In FACT, regulation is a CRITICAL PIECE of capitalism. It's a required component of the system.

It's this misinformation that has (unfortunately) given people pushing socialism an opening, and momentum.
.

The steel producer I worked for from 1972 to 2007 produced nearly half of the steel used in catalytic converters. Those regulations put tens of thousands of dollars in my pocket and a lot more than that in the executive`s pockets and we also made the alloy used in smoke stack scrubbers. This steel mill then had the money to clean up their own act. The right doesn`t see the upside of regulations so I hope I`ve been helpful here.

 

[Manonthestreet]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

We are missing one of the first things people learn in economics 101.

CAPITALISM NEEDS THE FREE FLOW OF MONEY THROUGHOUT THE ECONOMY TO WORK PROPERLY.

The best way to do that is with taxation and regulations.

We don't have proper taxation and regulation on business.

Most of the money in our economy is concentrated at the top. Those people don't spend enough and there's not enough of them to sustain growth in an economy.

It's the middle class and poor who spend the money that keeps a capitalistic economy healthy.

One other fact people learn in an economics 101 class is that capitalism will destroy itself without proper taxation and regulation. Without that, all that will result is monopolies and oligarchs. Which will implode the economy because there is no free flow of money in the economy.

Capitalism also needs proper competition to work properly. However without proper regulations, monopolies destroy competition. Competition drives innovation and keeps prices for goods and services lower.

So breaking up the big tech monopolies is high on your to do list?

Yes that needs to be done. They are total monopolies and should be broken up. They need to face regulations too. Obama tried to do that and classify it as a utility but conservatives fought that.

Now conservatives want it.

I totally support the Anti Trust Act that Roosevelt established.

More companies need to be broken up. Business is way too big and has way too much influence and power on our government and nation.

I will say I'm having a great time laughing at people who not too long ago fought hard to keep proper regulations from the internet and the big corporations that have evolved from the internet.

You quickly change your tune when you get what you demand. LOL.

Funny when I goog Obama attempts to break up or wants to break up big tech I get a big fat zero on stories
I get stories on Trump wanting to do it...and Warren wanting to do it.....zip on Obama

 

[Mac1958]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

We are missing one of the first things people learn in economics 101.

CAPITALISM NEEDS THE FREE FLOW OF MONEY THROUGHOUT THE ECONOMY TO WORK PROPERLY.

The best way to do that is with taxation and regulations.

We don't have proper taxation and regulation on business.

Most of the money in our economy is concentrated at the top. Those people don't spend enough and there's not enough of them to sustain growth in an economy.

It's the middle class and poor who spend the money that keeps a capitalistic economy healthy.

One other fact people learn in an economics 101 class is that capitalism will destroy itself without proper taxation and regulation. Without that, all that will result is monopolies and oligarchs. Which will implode the economy because there is no free flow of money in the economy.

Capitalism also needs proper competition to work properly. However without proper regulations, monopolies destroy competition. Competition drives innovation and keeps prices for goods and services lower.

The problem is, this is not Econ 101. It's Talk Radio Economics.

If only it were.
.

Yes you're right. This is a bunch of ill informed people who have no education in economics or finance.

I had to take economics all through college for my degree in accounting/finance. Yes it was boring. An economics book is one of the best cures for insomnia. Never lay down with one, you'll fall right to sleep. LOL.

The economics class I enjoyed the most was the economic history of the nation. That was very fascinating.

Yeah. I'm a CFP and I lived/worked through that whole nightmare. The amount of information that is readily available on what happened is more than abundant, but they're choosing to stick with the partisan narrative and remain willfully ignorant.

Being ignorant because you haven't yet learned something is perfectly normal and fine. Being ignorant because you actively don't want to know something is different.
.

 

[Dana7360]

Dodd Frank in 2006? Really?

I love it when you stupid fucks have to lie to blame Obama when anyone with a fucking brain knows Obama inherited a trillion plus deficit in the midst of the worst recession in 80 years.

BT, the debt was about 10.5 trillion when Obama took office - after your hero GW doubled the debt (after taking over a balanced budget).

All you assholes do is lie. Oh Obama did this & Obama did that.

The fact is Republicans nearly killed America under Bush, Obama brought us back, amd now Trump is taking us down .

Please, quit posting is get a fuickling education.

Look who’s calling us dumbasses! Fact is Bush went to the democrats and warned them the housing bubble was about to burst. Barney Frank laughed right in his face and Fannie and Freddie kept making loans they knew people could never pay back and guess what? Dummy! George Bush was right and the democrats were wrong. Obamallama did the same thing with college tuition.

Nice try, but Barney Frank could not stop anything from his minority position in the House.

What happened was Bush tried to take oversight of Fannie & Freddie away from Congress & put in into the Treasury Department.

The Republicans joined theDemocrats to stop that power play.


Anopther example of an ignmotsant fool too stupid to know what Bush was trying to do & too stupid to know Barney Frank could not stop shit in the House.

The bush boy removed regulations on Fannie Mae saying it would create more home ownership.

Before the bush boy the sub prime loans were prohibited from being bought by Fannie Mae. The bush boy changed the regulations so that Fannie Mae bought a ton of those sub prime loans. He also allowed those loans to be rated prime because of being bundled with a handful of good prime loans to be sold all around the nation and world.

At one time a sub prime loan was illegal and categorized as predatory lending. At one time no one could get a home loan without proof of a job and income. Thanks to deregulation that changed. That and other things caused the real estate market to crash.

Capitalism needs proper regulations and rules to work positively for an economy. Without proper regulations, rules and taxation capitalism will crash an economy.

This is where the Right has gone completely off the rails. They've been convinced (by the usual suspects) that regulation is a bane to capitalism.

In FACT, regulation is a CRITICAL PIECE of capitalism. It's a required component of the system.

It's this misinformation that has (unfortunately) given people pushing socialism an opening, and momentum.
.

Proper regulations and taxation saves capitalism from itself.

Not only is no regulation irresponsible it's also unconstitutional. The founders of this nation knew that commerce needs regulation so they included one simple sentence in the constitution that gives the government the power to regulate commerce. It's called the Commerce Clause.

Proper regulation on business can and will create a robust economy. Without it, economies usually collapse.

 

[WillowTree]

Look who’s calling us dumbasses! Fact is Bush went to the democrats and warned them the housing bubble was about to burst. Barney Frank laughed right in his face and Fannie and Freddie kept making loans they knew people could never pay back and guess what? Dummy! George Bush was right and the democrats were wrong. Obamallama did the same thing with college tuition.

Nice try, but Barney Frank could not stop anything from his minority position in the House.

What happened was Bush tried to take oversight of Fannie & Freddie away from Congress & put in into the Treasury Department.

The Republicans joined theDemocrats to stop that power play.


Anopther example of an ignmotsant fool too stupid to know what Bush was trying to do & too stupid to know Barney Frank could not stop shit in the House.

The bush boy removed regulations on Fannie Mae saying it would create more home ownership.

Before the bush boy the sub prime loans were prohibited from being bought by Fannie Mae. The bush boy changed the regulations so that Fannie Mae bought a ton of those sub prime loans. He also allowed those loans to be rated prime because of being bundled with a handful of good prime loans to be sold all around the nation and world.

At one time a sub prime loan was illegal and categorized as predatory lending. At one time no one could get a home loan without proof of a job and income. Thanks to deregulation that changed. That and other things caused the real estate market to crash.

Capitalism needs proper regulations and rules to work positively for an economy. Without proper regulations, rules and taxation capitalism will crash an economy.

This is where the Right has gone completely off the rails. They've been convinced (by the usual suspects) that regulation is a bane to capitalism.

In FACT, regulation is a CRITICAL PIECE of capitalism. It's a required component of the system.

It's this misinformation that has (unfortunately) given people pushing socialism an opening, and momentum.
.

Proper regulations and taxation saves capitalism from itself.

Not only is no regulation irresponsible it's also unconstitutional. The founders of this nation knew that commerce needs regulation so they included one simple sentence in the constitution that gives the government the power to regulate commerce. It's called the Commerce Clause.

Proper regulation on business can and will create a robust economy. Without it, economies usually collapse.

But we have regulation do we not?

 

[Dana7360]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

We are missing one of the first things people learn in economics 101.

CAPITALISM NEEDS THE FREE FLOW OF MONEY THROUGHOUT THE ECONOMY TO WORK PROPERLY.

The best way to do that is with taxation and regulations.

We don't have proper taxation and regulation on business.

Most of the money in our economy is concentrated at the top. Those people don't spend enough and there's not enough of them to sustain growth in an economy.

It's the middle class and poor who spend the money that keeps a capitalistic economy healthy.

One other fact people learn in an economics 101 class is that capitalism will destroy itself without proper taxation and regulation. Without that, all that will result is monopolies and oligarchs. Which will implode the economy because there is no free flow of money in the economy.

Capitalism also needs proper competition to work properly. However without proper regulations, monopolies destroy competition. Competition drives innovation and keeps prices for goods and services lower.

So breaking up the big tech monopolies is high on your to do list?

Yes that needs to be done. They are total monopolies and should be broken up. They need to face regulations too. Obama tried to do that and classify it as a utility but conservatives fought that.

Now conservatives want it.

I totally support the Anti Trust Act that Roosevelt established.

More companies need to be broken up. Business is way too big and has way too much influence and power on our government and nation.

I will say I'm having a great time laughing at people who not too long ago fought hard to keep proper regulations from the internet and the big corporations that have evolved from the internet.

You quickly change your tune when you get what you demand. LOL.

Funny when I goog Obama attempts to break up or wants to break up big tech I get a big fat zero on stories
I get stories on Trump wanting to do it...and Warren wanting to do it.....zip on Obama

You know it gets old when you far right radical extremists either change what I say or say I said something I never said.

I stopped reading when I got to your lie about me saying Obama tried to break up monopolies in the internet.

I never posted that.

I posted that Obama wanted to put regulations on them and classify them as a utility.

I stop reading posts when I get to lies or deceptions. I no longer believe a word of the rest of the post.

If you want to debate me you need to do it honestly.

 

[WillowTree]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

We are missing one of the first things people learn in economics 101.

CAPITALISM NEEDS THE FREE FLOW OF MONEY THROUGHOUT THE ECONOMY TO WORK PROPERLY.

The best way to do that is with taxation and regulations.

We don't have proper taxation and regulation on business.

Most of the money in our economy is concentrated at the top. Those people don't spend enough and there's not enough of them to sustain growth in an economy.

It's the middle class and poor who spend the money that keeps a capitalistic economy healthy.

One other fact people learn in an economics 101 class is that capitalism will destroy itself without proper taxation and regulation. Without that, all that will result is monopolies and oligarchs. Which will implode the economy because there is no free flow of money in the economy.

Capitalism also needs proper competition to work properly. However without proper regulations, monopolies destroy competition. Competition drives innovation and keeps prices for goods and services lower.

The problem is, this is not Econ 101. It's Talk Radio Economics.

If only it were.
.

Yes you're right. This is a bunch of ill informed people who have no education in economics or finance.

I had to take economics all through college for my degree in accounting/finance. Yes it was boring. An economics book is one of the best cures for insomnia. Never lay down with one, you'll fall right to sleep. LOL.

The economics class I enjoyed the most was the economic history of the nation. That was very fascinating.

Yeah. I'm a CFP and I lived/worked through that whole nightmare. The amount of information that is readily available on what happened is more than abundant, but they're choosing to stick with the partisan narrative and remain willfully ignorant.

Being ignorant because you haven't yet learned something is perfectly normal and fine. Being ignorant because you actively don't want to know something is different.
.

You watched the video yes?

 

[Polishprince]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

I find it crazy how the liberals have suddenly become such Deficit Hawks overnight. During the Obama years, they could have give a shit less.

Resolving the deficit and debt problems isn't that high on President Trump's bucket list. Resolving the hemorrhaging at the nation's borders, defeating terrorism, getting the economy moving, reviving the military and reducing taxes are more critical to him. He can only do one thing at a time, and with the amount of time the libs are spending on witch hunts, its a miracle he has accomplished what he has.

Sure, in the idea world, the debt situation would be resolved. But that's not the world we live in and the libs are doing nothing to cooperate with their President at all

 

[Manonthestreet]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

We are missing one of the first things people learn in economics 101.

CAPITALISM NEEDS THE FREE FLOW OF MONEY THROUGHOUT THE ECONOMY TO WORK PROPERLY.

The best way to do that is with taxation and regulations.

We don't have proper taxation and regulation on business.

Most of the money in our economy is concentrated at the top. Those people don't spend enough and there's not enough of them to sustain growth in an economy.

It's the middle class and poor who spend the money that keeps a capitalistic economy healthy.

One other fact people learn in an economics 101 class is that capitalism will destroy itself without proper taxation and regulation. Without that, all that will result is monopolies and oligarchs. Which will implode the economy because there is no free flow of money in the economy.

Capitalism also needs proper competition to work properly. However without proper regulations, monopolies destroy competition. Competition drives innovation and keeps prices for goods and services lower.

So breaking up the big tech monopolies is high on your to do list?

Yes that needs to be done. They are total monopolies and should be broken up. They need to face regulations too. Obama tried to do that and classify it as a utility but conservatives fought that.

Now conservatives want it.

I totally support the Anti Trust Act that Roosevelt established.

More companies need to be broken up. Business is way too big and has way too much influence and power on our government and nation.

I will say I'm having a great time laughing at people who not too long ago fought hard to keep proper regulations from the internet and the big corporations that have evolved from the internet.

You quickly change your tune when you get what you demand. LOL.

Funny when I goog Obama attempts to break up or wants to break up big tech I get a big fat zero on stories
I get stories on Trump wanting to do it...and Warren wanting to do it.....zip on Obama

You know it gets old when you far right radical extremists either change what I say or say I said something I never said.

I stopped reading when I got to your lie about me saying Obama tried to break up monopolies in the internet.

I never posted that.

I posted that Obama wanted to put regulations on them and classify them as a utility.

I stop reading posts when I get to lies or deceptions. I no longer believe a word of the rest of the post.

If you want to debate me you need to do it honestly.

Obama tried to do that and classify it as a utility but conservatives fought that.

Your words.....perhaps you could link to this and show how conservatives prevented it.​

 

[Manonthestreet]

Be sure you call Warren and urge her to team up with Trump to break them up.....now that would be a great show

 

[Slade3200]

I wanted to see how Trumpsters would react to an honest appraisal of his work on the economy

Good. Let us know when you find one. I don't deny Trump has made mistakes, but to ignore the big picture and expect to solely blame Trump when it is the Congress who actually controls spending and the budget is just a waste of my time. The REAL issue here is the 10 trillion Obama packed on in just a couple years with his QE1 & 2. Everyone admitted then that this was screwing our future generations and would only get fixed at a very high, painful cost. Let me know when a democratic president steps up to the plate willing to commit political patricide in order to address it.

I find it rather interesting that in the same statement you are saying it’s congresses fault for controlling the budget and not Trumps while also saying it was Obama’s fault not Congress? Did you think that through?

 

[Slade3200]

It's the OP's fault.

Okay, great, anyone else?

I never said that...I said you're a hack.

Presidents don't control spending Congress does.

Your daily anti Trump shit is tiresome and you're an attention whore

I guess you can’t blame Obama for the deficits under his admin right? It’s congresses fault. Right?

 

[Mac1958]

The Conservative Review isn't playing along. Good for them. Anyone who brings up Trump's exploding debt and flagging economy are immediately mocked by his obedient Trumpsters, but fortunately there are still some Conservatives who are not willing to lie and spin for him.

But I know, I know. The Trumpsters don't care.

Trump can’t be both the president of growth and the president of debt

Earlier today, the Bureau of Economic Analysis announced that the economy had grown just 2.1 percent during the second quarter of this year (ending June 30). It also revised Q4 of 2018 down to just 1.1 percent, which now means that growth during the 12 months ending Q4 of 2018 was only 2.5 percent, not 3 percent as previously thought. This means that the U.S. economy has now gone 14 years without a year-over-year growth of 3 percent. It’s been 19 years since we’ve hit 4 percent, which was during 1997-2000.

While the numbers don’t portend a coming recession, it is highly unusual for us to go for 16 consecutive months with unemployment below 4 percent and 43 months below 5 percent, yet never attain 3 or 4 percent annual GDP growth. In fact, that has never happened before. During the late 1990s, the unemployment rate ranged from 5.3 percent to 3.9 percent – not even as good as today’s 3.7 percent – yet GDP growth was over 4 percent. Ditto for the late 1960s, when we saw years of 6 percent growth. During the mid 1980s, we saw this growth even with higher unemployment rates.

The debt is not just a problem for future generations in terms of a fiscal cost that will be borne by taxpayers. The exclusive focus on the future is what has fostered the Louis XV mentality of “after me, the deluge.” Let’s face it, we are a nation that doesn’t care about the future of our children. What is missing from the discussion is that the debt is permanently weighing down economic growth now.

Let’s peek into the numbers behind today’s topline GDP report. GDP comprises personal consumption expenditures, gross private domestic investment, government spending, and net exports. Seventy percent of the equation is consumption, and the robust 4.3 percent growth in consumption this quarter is a big part of what is keeping us even at 2.1 percent growth. This is not artificial and is good news. Consumption is a sign of a healthy job market, with more people earning money, as well as the tax cuts putting more cash in people’s pockets to spend. No matter whether our economy is fully free market or quasi-socialist, whenever there is more money in people’s pockets, these numbers will go up. We are now in a boom period, and the numbers are good.

But what else is propping up the number? Government spending! Gross government spending, which accounts for about 17.5 percent of the GDP pie, spiked 5 percent. Non-defense spending rose by 15.9 percent!
,

I find it crazy how the liberals have suddenly become such Deficit Hawks overnight. During the Obama years, they could have give a shit less.

Resolving the deficit and debt problems isn't that high on President Trump's bucket list. Resolving the hemorrhaging at the nation's borders, defeating terrorism, getting the economy moving, reviving the military and reducing taxes are more critical to him. He can only do one thing at a time, and with the amount of time the libs are spending on witch hunts, its a miracle he has accomplished what he has.

Sure, in the idea world, the debt situation would be resolved. But that's not the world we live in and the libs are doing nothing to cooperate with their President at all

The party in power always has an excuse to add to the debt. The party out of power always complains. That's just another example of why partisans have zero credibility.

The piece was written by Conservative Review, and its facts are correct. Partisans have played the "if it happened during his watch, it's his responsibility" game for a long time, so the buck stops with the President.
.

 

[toobfreak]

Nice try, but Barney Frank could not stop anything from his minority position in the House.

GO blow it out your ass, you lying stupid, pathological sack O shit!

Frank was the CHAIRMAN of the Financial Services Committee! Minority position, my ass!

Bawney Fwank. Another one of our queers we are damned proud of.