PragmaticOne
Banned
- Joined
- Jul 30, 2018
- Messages
- 331
- Reaction score
- 131
- Location
- California - Home of the Loony Left
- Gender
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- Political Leaning
- Conservative
Gross Domestic Product (GDP) expanded at an annualized rate of 4.2% in the US, 0.1 percentage point faster than first estimated, marking the most rapid growth seen for four years.
US GDP growth is reported on an annualized basis, rather than as an average of the last four quarters. As a result, economists expect GDP to expand by close to 3% this year, lower than the figure of 4.2% may suggest.
However, this would still be the strongest growth since 2005 and well above last year’s GDP expansion of 2.2%.
Massive tax cuts for companies amounting to $1.5 trillion have acted as a considerable stimulus for the economy this year.
Consumer confidence rose in August to its highest level since October 2000, building on July's solid result.
The Conference Board's index climbed to 133.4 in August, despite expectations from a survey of Reuters' economists that it would fall to 126.7.
"Expectations, which had declined in June and July, bounced back in August and continue to suggest solid economic growth for the remainder of 2018," Lynn Franco, director of economic indicators at The Conference Board, said in a statement.
"These historically high confidence levels should continue to support healthy consumer spending in the near-term," Franco added.
The survey measures American's sentiment on current economic conditions and prospects for the next six months, including business and labor market conditions. Since consumer spending accounts for about 70 percent of U.S. economic activity, economists' pay close attention to the number.
You posted this in “discussion;” what do you want to discuss?
You posted this in “discussion;” what do you want to discuss?
Salaries have stagnated. GDP growth does not make up for the federal revenue shortfall.
Despite Strong Economy, Federal Deficit Soars
Just pointing out that Trump is doing a great job, contrary to most "discussions" that say otherwise.
The Federal Deficit?
Maybe NPR, which constantly praised Obama, should get its facts straight.
The Federal Deficit?
Maybe NPR, which constantly praised Obama, should get its facts straight.
Thanks, Obama!
Unfortunately, the average American isn’t sharing any of an increase in GDP because salaries remain flat.
That $1.5T “stimulus” was mostly to companies and the stock market via companies using their tax cuts for stock buy-backs. They “invested” in themselves, not plant or worker investment. Practically none.
Confidence levels are a measure of how a person feels, an emotion, not necessarily based on a sensible, realistic assessment. The wage gap, with Trump’s tax plan, has widened considerably while most Americans get next to nothing from the plan and fall flat in real wages.
No sugar involved. Carbs for energy and protein for muscle building, and not a "shovel ready job" in sight."4.2% GDP: the Trump Economy Is Booming"
So will your heart if you pump enough sugar into your system....that is until it isn't any longer.
What flavor of Kool Aid did he serve you? His last year in office was economically miserable, 1% growth and a declining stock market; until Nov 9th at least. Once Trump one smart investors and business people didn't even wait for him to be inaugurated to begin building the economy.Thanks, Obama!
Now THAT's something we CAN thank Obama for. :lamoMaybe you shouldn't be using a Tea Party source.
GAO | The Nation’s Fiscal Health: Action Is Needed to Address the Federal Government’s Fiscal Future
Not actually true millions have received raises, bonuses and benefits upgrades. Several million went from zero wages to getting paid. And some came from not even LOOKING for work to getting jobs. AND this all happened in only the first six months of the boom.Unfortunately, the average American isn’t sharing any of an increase in GDP because salaries remain flat.
Also not true, companies have boosted capital expenditures and released expansions plans. Those take longer than a few months to show benefits.bluesmoke said:That $1.5T “stimulus” was mostly to companies and the stock market via companies using their tax cuts for stock buy-backs. They “invested” in themselves, not plant or worker investment. Practically none.
Still just as untrue as it was at the beginning of the post.bluesmoke said:Confidence levels are a measure of how a person feels, an emotion, not necessarily based on a sensible, realistic assessment. The wage gap, with Trump’s tax plan, has widened considerably while most Americans get next to nothing from the plan and fall flat in real wages.
I just heard on the news how employers are having to raise salaries to keep the people they have and to get new people. No worries though. The left will bring in a bunch of illegal slave labor to drive wages back down when they take over.
Not actually true millions have received raises, bonuses and benefits upgrades. Several million went from zero wages to getting paid. And some came from not even LOOKING for work to getting jobs. AND this all happened in only the first six months of the boom.
Also not true, companies have boosted capital expenditures and released expansions plans. Those take longer than a few months to show benefits.
Still just as untrue as it was at the beginning of the post.
For the slowest recovery in history.
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