U.S. GDP Growth Hits 4.1%! Trump's Strong Economy Is "Lifting All Boats"

[Faun]

Wtf? This came out weeks ago.

Solid GDP growth for sure but Obama had 5% growth quarter in 2014 and all the righties were still bitching about STAGNATION!!

Liar 2014 second quarter was 4.0
https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/samanthasharf/2014/07/30/u-s-gdp-grew-4-in-the-second-quarter-2014/amp/?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCCAE=#referrer=https://www.google.com&amp_tf=From %1$s&ampshare=https://www.forbes.com/sites/samanthasharf/2014/07/30/u-s-gdp-grew-4-in-the-second-quarter-2014/

Imbecile.

2014Q2 7.8 5.1

https://www.bea.gov/system/files/2018-08/gdpchg.xlsx

 

[Pilot1]

Obama loved GOVERNMENT. Government is a drain on the economy. Trump promotes PRIVATE SECTOR JOB GROWTH.

 

[Harpy Eagle]

Outpacing all expectations, U.S. GDP grew an amazing 4.1% in the second quarter of this year, with much of that growth being fueled by large increases in consumer spending and exports. Why?

Because Obama fixed all the crap Bush fucked up.

Not to worry, Trump will fuck up all those things again... and then you'll be thinking of excuses when we are in Great Recession 2, Electric Bugaloo.

LOL Liberals are to much. It was Bush's fault from 2009-2016. Now two years into Trump's presidency it's still Obama's economy. You can't make this shit up.

Actually, you just did make this shit up....but thanks for playing!

What I didn't make up is the economy is booming and the job market is great almost 2 years into Trump's presidency. It's the economy stupid! Thanks for playing!

Yep, everything is moving the same way it has been for the last 6 years. I do wonder when the next downturn hit what you sheep will blame it on since Trump walks on the water while turning it into wine in your world.

 

[Faun]

Obama loved GOVERNMENT. Government is a drain on the economy. Trump promotes PRIVATE SECTOR JOB GROWTH.

And the private sector continues to grow at roughly the same pace as it has for the last 8½ years...

 

[Pilot1]

Obama loved GOVERNMENT. Government is a drain on the economy. Trump promotes PRIVATE SECTOR JOB GROWTH.

And the private sector continues to grow at roughly the same pace as it has for the last 8½ years...

Good! Is that John Kerry in your avatar?

 

[McRocket]

Obama loved GOVERNMENT. Government is a drain on the economy. Trump promotes PRIVATE SECTOR JOB GROWTH.

And, Trump loves government as well:

United States Government Spending | 1950-2018 | Data | Chart | Calendar

 

[edthecynic]

Wtf? This came out weeks ago.

Solid GDP growth for sure but Obama had 5% growth quarter in 2014 and all the righties were still bitching about STAGNATION!!

Liar 2014 second quarter was 4.0
https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/samanthasharf/2014/07/30/u-s-gdp-grew-4-in-the-second-quarter-2014/amp/?amp_js_v=a2&amp_gsa=1&usqp=mq331AQCCAE=#referrer=https://www.google.com&amp_tf=From %1$s&ampshare=https://www.forbes.com/sites/samanthasharf/2014/07/30/u-s-gdp-grew-4-in-the-second-quarter-2014/

LIAR, 2014 has more than one quarter.
GDP growth was 5.2% in Quarter 3 of 2014
https://www.bea.gov/newsreleases/national/gdp/gdp_glance.htm …

 

[Tax Man]

Outpacing all expectations, U.S. GDP grew an amazing 4.1% in the second quarter of this year, with much of that growth being fueled by large increases in consumer spending and exports. Why? Well, because thanks to the Trump tax cuts, tens of millions of consumers have a lot more money in their pockets, and because Trump's protectionist trade policies have contributed to a large increase in exports (exports jumped by a whopping 9.3% in the second quarter).

Trump's rising-tide economy is lifting all boats, including the least-educated workers who were hit the hardest by the 2008-2010 recession:

It has been two decades since the U.S. enjoyed sustained economic growth above 3 percent, and it turns out that a rising tide really does lift all boats.

The New York Times reports:

"The least educated American workers, who took the hardest hit in the Great Recession, were also among the slowest to harvest the gains of the recovery. Now they are a striking symbol of a strong economy.

"The unemployment rate for those without a high school diploma fell to 5.1 percent in July, the Labor Department reported Friday, the lowest since the government began collecting data on such workers in 1992. At the economy’s nadir in the summer of 2009, the unemployment rate for high school dropouts hit 15.6 percent, more than three times the peak unemployment rate for college graduates.…

"'As economists, we worried these workers would be shut out forever,’ she said. ‘But the long duration of the recovery has pulled them back in. As the economy adds more jobs, employers have had to dig a little deeper. . . .’"

How much of this can President Trump take credit for? Certainly, he has benefited from the economy’s recovery from the financial crisis, which was already complete before he came into office. But under President Obama, the economy “recovered” to relatively slow growth. There is a good case to be made that under Trump, growth has been accelerated by the tax cuts pushed through Congress and his deregulatory efforts. . . . It’s not as good as Reagan’s “morning again in America,” which saw five straight quarters of growth above 7 percent, but it’s better than anything we’ve seen in a long time. (New Economic Growth Shows A Rising Tide Really Does Lift All Boats)​

Another positive sign of strong economic growth is the enormous jump in manufacturing jobs and the fact that most of those new jobs are in durable goods. Since January through July of this year (August's stats won't out for two more weeks), the economy has added 173,000 manufacturing jobs, whereas we actually suffered a net loss in manufacturing jobs during Obama's eight years! The last time the economy added that many manufacturing jobs in a seven-month period was . . . 1984 (Bureau of Labor Statistics Data -- set the date range to 1981 to 2018). So we are seeing truly historic growth in manufacturing jobs.

In defending his massive tax-cut proposal (which, by the way, included a huge tax cut for the rich), JFK stated that "a rising tide lifts all boats." We are seeing that truth verified once again. It's not rocket science: When you let people keep more of their own money, when you make it less expensive for our businesses to operate, and when you let our businesses keep more of their profits, the economy grows and everybody benefits.

Well my boat has not lifted at all. Kinda like everyone I know who is falling further behind.

 

[mikegriffith1]

Well my boat has not lifted at all. Kinda like everyone I know who is falling further behind.

Humm, then you and "everyone you know" must be in the lower half of the second tax bracket, or in the first bracket, because everybody in the upper half of the second bracket and in the third and fourth brackets has seen a sizable to huge bump in their take-home pay. I'm in the lower half of the third bracket, and my take-home pay has gone up by $220 per month thanks to the Trump tax cuts.

 

[rightwinger]

4.1 percent GDP
3.9 percent unemployment
Employers receive close to a 50 percent tax cut

Wages increase 2.7 percent

WTF is wrong with this country?

 

[Pilot1]

They ALL love government. However, some love only government.

 

[rightwinger]

4.1 percent GDP
3.9 percent unemployment
Employers receive close to a 50 percent tax cut

Wages increase 2.7 percent

WTF is wrong with this country?

Never saw such a strong economy with such weak pay increases

 

[nat4900]

Outpacing all expectations, U.S. GDP grew an amazing 4.1% in the second quarter of this year, with much of that growth being fueled by large increases in consumer spending and exports. Why? Well, because thanks to the Trump tax cuts, tens of millions of consumers have a lot more money in their pockets, and because Trump's protectionist trade policies have contributed to a large increase in exports (exports jumped by a whopping 9.3% in the second quarter).

Trump's rising-tide economy is lifting all boats, including the least-educated workers who were hit the hardest by the 2008-2010 recession:

It has been two decades since the U.S. enjoyed sustained economic growth above 3 percent, and it turns out that a rising tide really does lift all boats.

The New York Times reports:

"The least educated American workers, who took the hardest hit in the Great Recession, were also among the slowest to harvest the gains of the recovery. Now they are a striking symbol of a strong economy.

"The unemployment rate for those without a high school diploma fell to 5.1 percent in July, the Labor Department reported Friday, the lowest since the government began collecting data on such workers in 1992. At the economy’s nadir in the summer of 2009, the unemployment rate for high school dropouts hit 15.6 percent, more than three times the peak unemployment rate for college graduates.…

"'As economists, we worried these workers would be shut out forever,’ she said. ‘But the long duration of the recovery has pulled them back in. As the economy adds more jobs, employers have had to dig a little deeper. . . .’"

How much of this can President Trump take credit for? Certainly, he has benefited from the economy’s recovery from the financial crisis, which was already complete before he came into office. But under President Obama, the economy “recovered” to relatively slow growth. There is a good case to be made that under Trump, growth has been accelerated by the tax cuts pushed through Congress and his deregulatory efforts. . . . It’s not as good as Reagan’s “morning again in America,” which saw five straight quarters of growth above 7 percent, but it’s better than anything we’ve seen in a long time. (New Economic Growth Shows A Rising Tide Really Does Lift All Boats)​

Another positive sign of strong economic growth is the enormous jump in manufacturing jobs and the fact that most of those new jobs are in durable goods. Since January through July of this year (August's stats won't out for two more weeks), the economy has added 173,000 manufacturing jobs, whereas we actually suffered a net loss in manufacturing jobs during Obama's eight years! The last time the economy added that many manufacturing jobs in a seven-month period was . . . 1984 (Bureau of Labor Statistics Data -- set the date range to 1981 to 2018). So we are seeing truly historic growth in manufacturing jobs.

In defending his massive tax-cut proposal (which, by the way, included a huge tax cut for the rich), JFK stated that "a rising tide lifts all boats." We are seeing that truth verified once again. It's not rocket science: When you let people keep more of their own money, when you make it less expensive for our businesses to operate, and when you let our businesses keep more of their profits, the economy grows and everybody benefits.

Morons like you should realize that all that extra GDP growth is the quiet before the storm.......World businesses, foreseeing the upcoming tariffs, are stocking up as much as possible.

When folks are warned of a hurricane approaching and buy lots of batteries, are they doing so because of a new-found love for batteries???

 

[Remodeling Maidiac]

Outpacing all expectations, U.S. GDP grew an amazing 4.1% in the second quarter of this year, with much of that growth being fueled by large increases in consumer spending and exports. Why? Well, because thanks to the Trump tax cuts, tens of millions of consumers have a lot more money in their pockets, and because Trump's protectionist trade policies have contributed to a large increase in exports (exports jumped by a whopping 9.3% in the second quarter).

Trump's rising-tide economy is lifting all boats, including the least-educated workers who were hit the hardest by the 2008-2010 recession:

It has been two decades since the U.S. enjoyed sustained economic growth above 3 percent, and it turns out that a rising tide really does lift all boats.

The New York Times reports:

"The least educated American workers, who took the hardest hit in the Great Recession, were also among the slowest to harvest the gains of the recovery. Now they are a striking symbol of a strong economy.

"The unemployment rate for those without a high school diploma fell to 5.1 percent in July, the Labor Department reported Friday, the lowest since the government began collecting data on such workers in 1992. At the economy’s nadir in the summer of 2009, the unemployment rate for high school dropouts hit 15.6 percent, more than three times the peak unemployment rate for college graduates.…

"'As economists, we worried these workers would be shut out forever,’ she said. ‘But the long duration of the recovery has pulled them back in. As the economy adds more jobs, employers have had to dig a little deeper. . . .’"

How much of this can President Trump take credit for? Certainly, he has benefited from the economy’s recovery from the financial crisis, which was already complete before he came into office. But under President Obama, the economy “recovered” to relatively slow growth. There is a good case to be made that under Trump, growth has been accelerated by the tax cuts pushed through Congress and his deregulatory efforts. . . . It’s not as good as Reagan’s “morning again in America,” which saw five straight quarters of growth above 7 percent, but it’s better than anything we’ve seen in a long time. (New Economic Growth Shows A Rising Tide Really Does Lift All Boats)​

Another positive sign of strong economic growth is the enormous jump in manufacturing jobs and the fact that most of those new jobs are in durable goods. Since January through July of this year (August's stats won't out for two more weeks), the economy has added 173,000 manufacturing jobs, whereas we actually suffered a net loss in manufacturing jobs during Obama's eight years! The last time the economy added that many manufacturing jobs in a seven-month period was . . . 1984 (Bureau of Labor Statistics Data -- set the date range to 1981 to 2018). So we are seeing truly historic growth in manufacturing jobs.

In defending his massive tax-cut proposal (which, by the way, included a huge tax cut for the rich), JFK stated that "a rising tide lifts all boats." We are seeing that truth verified once again. It's not rocket science: When you let people keep more of their own money, when you make it less expensive for our businesses to operate, and when you let our businesses keep more of their profits, the economy grows and everybody benefits.

Well my boat has not lifted at all. Kinda like everyone I know who is falling further behind.

You'd have to be a complete idiot to not be able to thrive in this environment

 

[Faun]

Did you miss the part with the worst recession in 80 years starting before he took office.

Yes, and Senator Obama had voted for and supported the very policies that did the most to cause the Great Recession. Did you miss that part?

But, to his credit, once he became president, Obama ignored the far-left wing of his party and extended most of the Bush tax cuts and then made most of them permanent. He also signed other tax cuts, including a cut in the payroll tax and new deductions for small businesses. He also protected some $700 billion in corporate tax breaks and agreed to lift the ban on oil exports. How do you think the economy would have performed if Obama had not followed these conservative policies?

Yes, yes, you did. Who's a good little racist? You are.. you are...

Uh. . . . Huh??? So now people who disagree with you about economics are also racists?! Yeah, ok. Thanks for sharing.

”Yes, and Senator Obama had voted for and supported the very policies that did the most to cause the Great Recession. Did you miss that part?”

I missed that part. Of which policies do you speak?

Why no answer, mike? Is it because you were just full of shit when you said that?

 

[rightwinger]

GDP is strong
Where is all the money going?

Doesn’t seem to be going to working Americans

 

[rightwinger]

Outpacing all expectations, U.S. GDP grew an amazing 4.1% in the second quarter of this year, with much of that growth being fueled by large increases in consumer spending and exports. Why? Well, because thanks to the Trump tax cuts, tens of millions of consumers have a lot more money in their pockets, and because Trump's protectionist trade policies have contributed to a large increase in exports (exports jumped by a whopping 9.3% in the second quarter).

Trump's rising-tide economy is lifting all boats, including the least-educated workers who were hit the hardest by the 2008-2010 recession:

It has been two decades since the U.S. enjoyed sustained economic growth above 3 percent, and it turns out that a rising tide really does lift all boats.

The New York Times reports:

"The least educated American workers, who took the hardest hit in the Great Recession, were also among the slowest to harvest the gains of the recovery. Now they are a striking symbol of a strong economy.

"The unemployment rate for those without a high school diploma fell to 5.1 percent in July, the Labor Department reported Friday, the lowest since the government began collecting data on such workers in 1992. At the economy’s nadir in the summer of 2009, the unemployment rate for high school dropouts hit 15.6 percent, more than three times the peak unemployment rate for college graduates.…

"'As economists, we worried these workers would be shut out forever,’ she said. ‘But the long duration of the recovery has pulled them back in. As the economy adds more jobs, employers have had to dig a little deeper. . . .’"

How much of this can President Trump take credit for? Certainly, he has benefited from the economy’s recovery from the financial crisis, which was already complete before he came into office. But under President Obama, the economy “recovered” to relatively slow growth. There is a good case to be made that under Trump, growth has been accelerated by the tax cuts pushed through Congress and his deregulatory efforts. . . . It’s not as good as Reagan’s “morning again in America,” which saw five straight quarters of growth above 7 percent, but it’s better than anything we’ve seen in a long time. (New Economic Growth Shows A Rising Tide Really Does Lift All Boats)​

Another positive sign of strong economic growth is the enormous jump in manufacturing jobs and the fact that most of those new jobs are in durable goods. Since January through July of this year (August's stats won't out for two more weeks), the economy has added 173,000 manufacturing jobs, whereas we actually suffered a net loss in manufacturing jobs during Obama's eight years! The last time the economy added that many manufacturing jobs in a seven-month period was . . . 1984 (Bureau of Labor Statistics Data -- set the date range to 1981 to 2018). So we are seeing truly historic growth in manufacturing jobs.

In defending his massive tax-cut proposal (which, by the way, included a huge tax cut for the rich), JFK stated that "a rising tide lifts all boats." We are seeing that truth verified once again. It's not rocket science: When you let people keep more of their own money, when you make it less expensive for our businesses to operate, and when you let our businesses keep more of their profits, the economy grows and everybody benefits.

Well my boat has not lifted at all. Kinda like everyone I know who is falling further behind.

You'd have to be a complete idiot to not be able to thrive in this environment

How does the average American thrive?

 

[AntonToo]

4.1 percent GDP
3.9 percent unemployment
Employers receive close to a 50 percent tax cut

Wages increase 2.7 percent

WTF is wrong with this country?

Wages did not increase 2.7% when properly adjusted for 2.9% inflation.

Real average hourly earnings unchanged from June 2017 to June 2018 : The Economics Daily: U.S. Bureau of Labor Statistics

For production and nonsupervisory employees, real average hourly earnings decreased 0.2 percent over the 12-month period ending in June 2018. Combining the change in real average hourly earnings with a 0.3-percent increase in the average workweek resulted in no change to real average weekly earnings over this period.

U.S. wage growth is getting wiped out by inflation

Prices rose 2.9% from July 2017 to July 2018, the Labor Department said, while average hourly pay increased 2.7% in the same period.

 

[busybee01]

Outpacing all expectations, U.S. GDP grew an amazing 4.1% in the second quarter of this year, with much of that growth being fueled by large increases in consumer spending and exports. Why? Well, because thanks to the Trump tax cuts, tens of millions of consumers have a lot more money in their pockets, and because Trump's protectionist trade policies have contributed to a large increase in exports (exports jumped by a whopping 9.3% in the second quarter).

Trump's rising-tide economy is lifting all boats, including the least-educated workers who were hit the hardest by the 2008-2010 recession:

It has been two decades since the U.S. enjoyed sustained economic growth above 3 percent, and it turns out that a rising tide really does lift all boats.

The New York Times reports:

"The least educated American workers, who took the hardest hit in the Great Recession, were also among the slowest to harvest the gains of the recovery. Now they are a striking symbol of a strong economy.

"The unemployment rate for those without a high school diploma fell to 5.1 percent in July, the Labor Department reported Friday, the lowest since the government began collecting data on such workers in 1992. At the economy’s nadir in the summer of 2009, the unemployment rate for high school dropouts hit 15.6 percent, more than three times the peak unemployment rate for college graduates.…

"'As economists, we worried these workers would be shut out forever,’ she said. ‘But the long duration of the recovery has pulled them back in. As the economy adds more jobs, employers have had to dig a little deeper. . . .’"

How much of this can President Trump take credit for? Certainly, he has benefited from the economy’s recovery from the financial crisis, which was already complete before he came into office. But under President Obama, the economy “recovered” to relatively slow growth. There is a good case to be made that under Trump, growth has been accelerated by the tax cuts pushed through Congress and his deregulatory efforts. . . . It’s not as good as Reagan’s “morning again in America,” which saw five straight quarters of growth above 7 percent, but it’s better than anything we’ve seen in a long time. (New Economic Growth Shows A Rising Tide Really Does Lift All Boats)​

Another positive sign of strong economic growth is the enormous jump in manufacturing jobs and the fact that most of those new jobs are in durable goods. Since January through July of this year (August's stats won't out for two more weeks), the economy has added 173,000 manufacturing jobs, whereas we actually suffered a net loss in manufacturing jobs during Obama's eight years! The last time the economy added that many manufacturing jobs in a seven-month period was . . . 1984 (Bureau of Labor Statistics Data -- set the date range to 1981 to 2018). So we are seeing truly historic growth in manufacturing jobs.

In defending his massive tax-cut proposal (which, by the way, included a huge tax cut for the rich), JFK stated that "a rising tide lifts all boats." We are seeing that truth verified once again. It's not rocket science: When you let people keep more of their own money, when you make it less expensive for our businesses to operate, and when you let our businesses keep more of their profits, the economy grows and everybody benefits.

The unemployment rate was around 9.9 when Obama took office. It stood at 4.7 when Trump took over. The fact is that neither Trump nor Obama are responsible. The benefits of doing business in the US for companies far outweighs moving overseas for most companies. However Trump is putting that in jeopardy with his tariffs. Companies that make their goods in the US and export will be forced to move their overseas production overseas to keep their costs down.

 

[rightwinger]

Trumps economic tide is rising

But it seems to be only raising the yachts