America's economy grew at its weakest pace since Trump took office

[Conservative]

Oh, you want to talk about "inherited economies?" Let's do the percentage increase. Obama inherited an economy in free fall (as opposed to Trump walking into a steadily improving one). That 3 yr increase you cited was 16.1%. Now look at Obama's first 3 years in office
GDP 2009 $14.449T
GDP 2012 $16.197T
That's a 16.2% increase (right in the middle of a goddam recession to boot!!). So there's nothing extraordinary at all about Trump's economy (except the staggering increased rate of government debt accumulation that's financing it). In fact, having inherited a healthy economy but still barely matching Obama's first three years (did I mention during a recession?) that it isn't much better.

That is what you want to believe but that isn't reality, we came out of Recession when Bush signed TARP that recapitalized the banks but it wasn't Bush alone that crashed the economy which basic civics will teach you when you take the class. The American people get it, when will you

Have you ever once addressed the components of GDP? Have you ever once acknowledged that much of the Stimulus was gov't spending that affected GDP? Trump isn't spending to grow GDP, the consumers are doing it. Did you ever address that the unemployment and employment data was skewed by part time jobs for economic reasons and that we have 1.4 million fewer today than when Trump took office and that Obama's never got back to pre recession levels? Have you ever acknowledged that the African American unemployment rate is more than 2% lower than what Obama generated and that U-6 is at historic lows but never got back to pre recession levels under Obama?

 

[Conservative]

Debt-financed economies have become a Republican specialty ever since Reaganomics took hold of that party.

Being a progressive doesn't excuse you from posting ignorant comments. IF debt financed economies were great Obama would have set the gold standard which he didn't as he authored the worst recovery from a major recession in modern history. Your ignorance of economics and the private sector is staggering

 

[Bullseye]

You're unable to keep up....

Keep up with the latest jabberwocky? No I don't care to. Argue over theories and hypotheses even academic economists don't agree on - sorry, not interested. And the worst is arguing hero-worship driven nonsense like "he saved us from a depression". "Trump inherited every good economic trend . . ." .

 

[Kushinator]

And you never answer direct questions like in Post 361

Your deflections are not pertinent to the discussion.

DP and Dollar change
2008 14712.8
2009 14448.9
2010 14992.1
2011 15542.6 +550.5
2012 16197.0 +654.4
2013 16784.9 +587.9
2014 17527.3 +742.4
2015 18224,8 +697.5
2016 18715.0 +491.0
2107 19519.4 +804.4
2018 20580.2 +1060.8
2019 21429.0 +848.8

FTFY! Notice the decline in nominal GDP growth by $212 billion.

 

[Conservative]

Your deflections are not pertinent to the discussion.



FTFY! Notice the decline in nominal GDP growth by $212 billion.

LOL, which is still higher than the Obama term and the reality remains, GDP growth due to consumer spending not gov't spending and that really pisses you off. Does that piss you off more than people having more than you and getting to keep more of it?

Still don't see any response to this but not surprising as you have no answers

Have you ever once addressed the components of GDP?

Have you ever once acknowledged that much of the Stimulus was gov't spending that affected GDP?

Trump isn't spending to grow GDP, the consumers are doing it.

Did you ever address that the unemployment and employment data was skewed by part time jobs for economic reasons and that we have 1.4 million fewer today than when Trump took office and that Obama's never got back to pre recession levels?

Have you ever acknowledged that the African American unemployment rate is more than 2% lower than what Obama generated and that U-6 is at historic lows but never got back to pre recession levels under Obama?

 

[Kushinator]

Keep up with the latest jabberwocky?

Nobody makes you post here. If you're unable to comprehend my statements, why continue to respond?

No I don't care to. Argue over theories and hypotheses even academic economists don't agree on - sorry, not interested. And the worst is arguing hero-worship driven nonsense like "he saved us from a depression". "Trump inherited every good economic trend . . ." .

Then why continue to post in these threads? I've already demonstrated that Trump supporters operate from delusions and severe knowledge deficiency. Case and point: Take the Presidents Chief Economic Counsel Larry Kudlow.

 

[Kushinator]

LOL, which is still higher than the Obama term and the reality remains

This comment only displays your ignorance. It's higher than during Clinton's term or Reagan's term... still doesn't mean that economic growth is stronger than in those two periods. None the less, you have been using the wrong data, which shows you're just confused.

GDP growth due to consumer spending not gov't spending

Wrong:

 

[Conservative]

Nobody makes you post here. If you're unable to comprehend my statements, why continue to respond?



Then why continue to post in these threads? I've already demonstrated that Trump supporters operate from delusions and severe knowledge deficiency. Case and point: Take the Presidents Chief Economic Counsel Larry Kudlow.

What you show is a loyalty to a failed ideology and the inability to admit when wrong, Nothing you posted resonates with the American people whereas everything I have posted has led to the 55% approval rating on the economy. You can do your usual downplay of good economic news but no President in modern history has ever lost re-election with over 50% approval rating on the economy. Those numbers I posted matter, yours are irrelevant.

 

[Conservative]

This comment only displays your ignorance. It's higher than during Clinton's term or Reagan's term... still doesn't mean that economic growth is stronger than in those two periods. None the less, you have been using the wrong data, which shows you're just confused.



Wrong:

Got it, wrong data, LOL, even though the data comes from the same source for both Presidents and the official economic results generated come from official sites, bea.gov, bls.gov, treasury.org and all have context that you ignore

DP and Dollar change
2008 14712.8
2009 14448.9
2010 14992.1
2011 15542.6 +550.5
2012 16197.0 +654.4
2013 16784.9 +587.9
2014 17527.3 +742.4
2015 18224,8 +697.5
2016 18715.0 +491.0
2107 19519.4 +804.4
2018 20580.2 +1060.8
2019 21734.3 +1154.1
Notice the drop from 742.4 to 697.5 to 492.0 then the surge. Trump inherited the 18.7 economy that is now 21.7 trillion in 3 years

Then there is this which Trump inherited and the comparison today. Anyone that claims the GDP growth now is similar to what Obama had is the true hack and totally has no credibility

Unemployment Rate 4.7% January 2017 vs. 3.5% today

Employed 152.2 million January 2017 to 158.8 million today so 6 million job growth from 2008 to 2017(146 million to 152 million) is celebrated but 6.6 million growth I the last two years isn't!! LOL

U-6 in January 2017 9.3% vs 6.7% today? Wow!! 2.6% better U-6 obviously meaningless to you

Part time for economic reasons, 5.7 million January 2017 vs. 4.3 million today? Looks to me that incredible job growth you claim was boosted by part time jobs

African American unemployment 8.0% vs. 5.9% today? That explains the surge in support from African Americans for Trump

 

[Conservative]

This comment only displays your ignorance. It's higher than during Clinton's term or Reagan's term... still doesn't mean that economic growth is stronger than in those two periods. None the less, you have been using the wrong data, which shows you're just confused.



Wrong:

You love those pretty charts that show no context or not even sure what this one shows, Net outlays? Net receipts? what is it this time? You would be much better off taking a vacation and stop making a fool of yourself

 

[Kushinator]

Got it, wrong data, LOL, even though the data comes from the same source

That is using Q4 seasonally adjusted data for 2019. But when you are making your calculation, you're not using the Q4 SAD for 2018, which is $20897.8 billion. You're clearly using different data points, e.g. subtracting an annual figure from a quarterly figure.

In another post, you wrote:

2013 16974.9
2014 17527.7 552,8
2015 18224.8 697.1
2016 18915.0 490.2
2017 19918.9 1003.9
2018 20897.2 1006.1
2019 21734.3 1154.1

Here, the Q4 value for 2018 is used and the Q4 value 2019 is used, but you actually subtracted the Q4 value from 2019 from the annual value of 2018. When i informed you of this error, you switched from citing the Q4 2018 value to the annual 2018 value. However, if you use : Q4 2019 nGDP - Q4 2018 nGDP : we get $21734.3 billion - $20897.2 billion = $836.5 billion. If we use : annual 2019 nGDP - annual 2018 nGDP : we get $21429.0 billion - $20580.2 billion = $848.8 billion.

The recent BEA release is clearly using annual figures:

I will continue to highlight your invalid arguments and inability to comprehend data every time you post this lie. There is no longer an excuse for you to push this false narrative given i have educated you on the topic. Each time you post this trash, you are posting a lie.

 

[Kushinator]

What you show is a loyalty to a failed ideology

I haven't made any statement from an ideological perspective. You are a known liar, and this thread is a testament of your partisan hypocrisy and sheer dishonesty.

 

[Kushinator]

Net outlays? Net receipts?

Are you seriously this dumb?

Net outlays - federal reciepts > 0 = deficit The U.S. economy is being entirely driven by deficit spending, as it eclipsed total economic growth for 2019. These are your results. The President failed you, and now the forum has to watch you meltdown and post the same dishonest and delusional rant.

 

[presluc]

I have scanned the post of this thread, and would like to respond to this thread in my fashion.

1 first I'll take the buzz about this great economic growth America has that some people keep talking about.
Question; If we have such a great economic growth why are some Americans still getting budget cuts bigger budget cuts???
Question the American manufacturing is going up yeah , HONDA , TOYOTA, KIA all opened shops in America and oh yeah GMC after leaving Ohio came back to open a [plant in Lordsburg Ohio hell of a tax break guess Michigan wouldn't give them anymore.

2 I must admit I am a bit on the back side of 55 during my time I have seen much the Cuban missile crisis, where ever American stood together strong . To the dreadful day in Nov. when a young President named Kennedy was shot and killed it seemed like America just stopped to weep as did I.
The above statement is not to brag about what I accomplished it isn't it's merely to say how long I've been an American.,

Yet , this is the first time I have ever heard of one political party even thinking any American would wish for a bad economy for the sake of a political party or an election issue????? This I have never seen before.

If anybody thinks this division in America today is different, it isn't America has had stronger divisions than this before from the Union strikes , Civil rights movement to the ERA , to the protest of Vietnam, to the Roe vs Wade and many others. Divisions is about one thing POWER either one side has too much and wants more ,or the other side don't have enough and wants more power . The trick is to know which side deserves it?eace

 

[washunut]

America's economy grew at its weakest pace since Trump took office


New York (CNN Business)The US economy in 2019 grew at its slowest pace in three years, according to preliminary data from the Commerce Department.

The economy expanded by 2.3% last year, its lowest level since 2016, when growth stood at 1.6%.
The economy under President Donald Trump has been consistently strong but not electric. In its best year, 2018, the economy expanded at a 2.9% clip. In 2017, it grew by 2.4%.
The dropoff in 2019 was because personal consumption and exports fell, according to the Commerce Department.

---

Critics of Obama said his economy was mediocre because he never had GDP growth at 3% or higher. Neither has Trump, with low unemployment and a trillion dollar deficit that's basically fiscal stimulus.
Trump promised on the campaign trail that he'd bring in 4, 5, and maybe 6% growth. Didn't happen. His tax-cuts were supposed to be the economic miracle to boost growth. It didn't happen. His tariffs were supposed to help exports. Exports fell.

Wonder if Being's problems with the 737 max has anything to do with this. Sorry for bringing facts to a "debate politics" thread.

 

[Kushinator]

Wonder if Being's problems with the 737 max has anything to do with this. Sorry for bringing facts to a "debate politics" thread.

Need not apologize, you haven't brought facts to this thread. All you did was ask a random question not directly related to the OP.

 

[Conservative]

I will continue to highlight your invalid arguments and inability to comprehend data every time you post this lie. There is no longer an excuse for you to push this false narrative given i have educated you on the topic. Each time you post this trash, you are posting a lie.

Please do as I find your posts amusing and totally ignorant of reality and what the people are actually feeling. Don't give a damn about percentage change only dollar growth especially the bank account and 401k. I am glad however that you are paying more in taxes, that is the highlight to me of the Trump tax cuts, Living in a blue state with high taxes is now coming home to roost

Here is what people see but your nose buried in the book is oblivious

DP and Dollar change
2008 14712.8
2009 14448.9
2010 14992.1
2011 15542.6 +550.5
2012 16197.0 +654.4
2013 16784.9 +587.9
2014 17527.3 +742.4
2015 18224,8 +697.5
2016 18715.0 +491.0
2107 19519.4 +804.4
2018 20580.2 +1060.8
2019 21734.3 +1154.1
Notice the drop from 742.4 to 697.5 to 492.0 then the surge. Trump inherited the 18.7 economy that is now 21.7 trillion in 3 years

Then there is this which Trump inherited and the comparison today. Anyone that claims the GDP growth now is similar to what Obama had is the true hack and totally has no credibility

Unemployment Rate 4.7% January 2017 vs. 3.5% today

Employed 152.2 million January 2017 to 158.8 million today so 6 million job growth from 2008 to 2017(146 million to 152 million) is celebrated but 6.6 million growth I the last two years isn't!! LOL

U-6 in January 2017 9.3% vs 6.7% today? Wow!! 2.6% better U-6 obviously meaningless to you

Part time for economic reasons, 5.7 million January 2017 vs. 4.3 million today? Looks to me that incredible job growth you claim was boosted by part time jobs

African American unemployment 8.0% vs. 5.9% today? That explains the surge in support from African Americans for Trump

 

[Conservative]

I haven't made any statement from an ideological perspective. You are a known liar, and this thread is a testament of your partisan hypocrisy and sheer dishonesty.

Yes, obviously to a liberal actual verifiable results coming from some place other than MSNBC or other left wing source is a lie, these aren't lies and these are what Americans are seeing and feeling

DP and Dollar change
2008 14712.8
2009 14448.9
2010 14992.1
2011 15542.6 +550.5
2012 16197.0 +654.4
2013 16784.9 +587.9
2014 17527.3 +742.4
2015 18224,8 +697.5
2016 18715.0 +491.0
2107 19519.4 +804.4
2018 20580.2 +1060.8
2019 21734.3 +1154.1
Notice the drop from 742.4 to 697.5 to 492.0 then the surge. Trump inherited the 18.7 economy that is now 21.7 trillion in 3 years

Then there is this which Trump inherited and the comparison today. Anyone that claims the GDP growth now is similar to what Obama had is the true hack and totally has no credibility

Unemployment Rate 4.7% January 2017 vs. 3.5% today

Employed 152.2 million January 2017 to 158.8 million today so 6 million job growth from 2008 to 2017(146 million to 152 million) is celebrated but 6.6 million growth I the last two years isn't!! LOL

U-6 in January 2017 9.3% vs 6.7% today? Wow!! 2.6% better U-6 obviously meaningless to you

Part time for economic reasons, 5.7 million January 2017 vs. 4.3 million today? Looks to me that incredible job growth you claim was boosted by part time jobs

African American unemployment 8.0% vs. 5.9% today? That explains the surge in support from African Americans for Trump

 

[Conservative]

Are you seriously this dumb?

Net outlays - federal reciepts > 0 = deficit The U.S. economy is being entirely driven by deficit spending, as it eclipsed total economic growth for 2019. These are your results. The President failed you, and now the forum has to watch you meltdown and post the same dishonest and delusional rant.

That isn't what your graph showed as there was no context posted. Suggest rather than keeping your nose in the books you ought to add reading comprehension into your list of things you don't know

The President didn't fail me, the education system failed you. Nothing you post is relative to the American people. The American people approve of the Job Trump is doing which is why you never address that poll number or any of the official data I posted. You are too busy showing partisan liberal arrogance

 

[MTAtech]

Wonder if Being's problems with the 737 max has anything to do with this. Sorry for bringing facts to a "debate politics" thread.

You didn’t add facts, you asked a question.

 

[Kushinator]

DP and Dollar change
2008 14712.8
2009 14448.9
2010 14992.1
2011 15542.6 +550.5
2012 16197.0 +654.4
2013 16784.9 +587.9
2014 17527.3 +742.4
2015 18224,8 +697.5
2016 18715.0 +491.0
2107 19519.4 +804.4
2018 20580.2 +1060.8
2019 21734.3 +1154.1

That is using Q4 seasonally adjusted data for 2019. But when you are making your calculation, you're not using the Q4 SAD for 2018, which is $20897.8 billion. You're clearly using different data points, e.g. subtracting an annual figure from a quarterly figure.

earlier you wrote:

GDP growth for Trump

DP and Dollar change
2013 16974.9
2014 17527.7 552,8
2015 18224.8 697.1
2016 18915.0 490.2
2017 19918.9 1003.9
2018 20897.2 1006.1
2019 21734.3 1154.1

the Q4 value for 2018 is used and the Q4 value 2019 is used, but you actually subtracted the Q4 value from 2019 from the annual value of 2018. When i informed you of this error, you switched from citing the Q4 2018 value to the annual 2018 value. However, if you use : Q4 2019 nGDP - Q4 2018 nGDP : we get $21734.3 billion - $20897.2 billion = $836.5 billion. If we use : annual 2019 nGDP - annual 2018 nGDP : we get $21429.0 billion - $20580.2 billion = $848.8 billion.

The recent BEA release is clearly using annual figures:

:lamo

Anyone that claims the GDP growth now is similar to what Obama had is the true hack and totally has no credibility

Nobody has claimed 2016 rGDP growth was higher than it is today. We do know that Job growth in 2016 was higher than it is today. In the end, we are on the same trajectory as we were in 2015.

The Trump economy is driven by deficit spending, as it was greater than economic growth for both FY 2019 and the calendar year for 2019. This isn't really a bad thing, as post-industrial economy such as our own faces tremendous headwinds with the an aging population, a drop in the replacement rate, and anti-immigration rhetoric from the White House.

 

[Kushinator]

That isn't what your graph showed as there was no context posted.

It clearly shows Net outlays - federal reciepts

When this value become greater than zero, it is a deficit. The graph shows the deficit for 2017, 2018, and 2019, when the deficit exceeded GDP growth. You view that as failure. I do not.

 

[Kushinator]

Your repeated lies will continue to be dismissed as partisan dishonesty.

DP and Dollar change
2008 14712.8
2009 14448.9
2010 14992.1
2011 15542.6 +550.5
2012 16197.0 +654.4
2013 16784.9 +587.9
2014 17527.3 +742.4
2015 18224,8 +697.5
2016 18715.0 +491.0
2107 19519.4 +804.4
2018 20580.2 +1060.8
2019 21734.3 +1154.1

That is using Q4 seasonally adjusted data for 2019. But when you are making your calculation, you're not using the Q4 SAD for 2018, which is $20897.8 billion. You're clearly using different data points, e.g. subtracting an annual figure from a quarterly figure.

You claimed:

GDP growth for Trump

DP and Dollar change
2013 16974.9
2014 17527.7 552,8
2015 18224.8 697.1
2016 18915.0 490.2
2017 19918.9 1003.9
2018 20897.2 1006.1
2019 21734.3 1154.1

the Q4 value for 2018 is used and the Q4 value 2019 is used, but you actually subtracted the Q4 value from 2019 from the annual value of 2018. When i informed you of this error, you switched from citing the Q4 2018 value to the annual 2018 value. However, if you use : Q4 2019 nGDP - Q4 2018 nGDP : we get $21734.3 billion - $20897.2 billion = $836.5 billion. If we use : annual 2019 nGDP - annual 2018 nGDP : we get $21429.0 billion - $20580.2 billion = $848.8 billion.

The recent BEA release is clearly using annual figures:

:lamo

 

[digitusmedius]

That's a whole lot of BS attempt to deflect away from the simple fact that your Dear Dirtbag's stats on GDP are no better than Obama's who had the second worst economy in history to work with and are now desperately trying to use a poll of one single aspect of his criminal presidency to get away from yourself. But I'll play the poll game with you and beat you again like I did with your GDP bull****.


RealClearPolitics - Election Other - President Trump Job Approval

See that or do I need to spell it out for you? One single poll, which is pretty much owned by the Republican party) managed to 1 point positive for his overall job performance. You should go to that RCP and open up the click the "All Job Approval Polls" at the bottom but you better have your crying blanket handy. Oh, hell. You won't do that but I'll put it up so others can see:
RealClearPolitics - Election Other - President Trump Job Approval

 

[digitusmedius]

Your repeated lies will continue to be dismissed as partisan dishonesty.

Good catch. Note the pregnant silence since then.