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

[redrover]

Not a good sign. But we'll have to wait and see whether it was just a weak quarter or a start of a downward trend.

You are on point about the tariffs and the tax cuts for the ultra-rich. So much winning. :doh

Are you saying Trump is full of sh*t?Don't forget what he's done to the debt and the trade balance.

 

[Conservative]

Are you saying Trump is full of sh*t?Don't forget what he's done to the debt and the trade balance.

And yet the American people get it, when will you? Maybe when you grow up you will realize what is truly important, putting food on the table, a roof over your head, and clothes on your back

RealClearPolitics - Election Other - President Trump Job Approval - Economy

 

[Conservative]

Are you saying Trump is full of sh*t?Don't forget what he's done to the debt and the trade balance.

More facts you want to 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

 

[Kushinator]

Again, you do realize what an ESTIMATE is don't you? Do you also not realize that I posted the data for bot Obama and Trump from the same source? Why doesn't that resonate with you? What is it exactly that you expect out of Trump that he isn't providing for you?

You wrote:

It isn't me that is using the wrong data it is you along with your liberal interpretation.

Which is the point. You're clearly fumbling with the data, and then are building arguments based on false conclusions.

the American people who couldn't care less about 3% GDP growth but do care about keeping more of what they earn

Both false and blatantly ignorant. If a person makes $50000 in a year, and that money only purchases $49000 worth of goods, they will care about that. Which is why we adjust for inflation when making time series comparisons. Nominal GDP growth under Obama was

Have you ever once addressed the components of GDP?

The components of GDP are not pertinent to this discussion.

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

This is false. The deficit represents roughly $1 trillion of the U.S. economy. That has exceeded the nominal GDP growth by more than $150 billion (this is where nominal data is useful). Meaning, the Trump economy is driven by deficit spending.

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

Again:

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.

Here is what the left wants to ignore, gov't spending was a major component of Obama's GDP growth as most of the Stimulus was gov't spending Trump hasn't generated that but has generated the following

T

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:

 

[iguanaman]

In other words, the economy is kicking slightly less ass than it was a year ago.

Liberals are PRAYING for the economy to tank. They've been hoping and warning about a crash for three years. Trying to "scare" us into a recession, I guess.

It isn't happening. The economy is just getting started under these policies.

The economy is faltering and less than 2% growth is forecast for 2020. Much worse than under Obama. Trillion $ deficits as far as the eye can see is not going to work for long. Without those deficits and rate cuts we would be in a recession already. Boosting the economy with massive deficits is not a policy it is a sham like everything Trump does. The morons that support him don't care.

 

[Conservative]

You can't do basic arithmetic. Don't pretend to that you're able to prove i'm clueless in any capacity.



Pointing out that you're using the wrong data isn't bullying. However, your continued desire to push this false narrative shows a complete lack of integrity.

Just as I figured, using the same data again for Obama and Trump showing GDP in chained dollars, what a disaster the Obama Administration was and shows exactly what Trump inherited when taking office

Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2012) dollars]
Bureau of Economic Analysis
Last Revised on: January 30, 2020 - Next Release Date February 27, 2020

Line 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Line
1 Gross domestic product 15604.7 15208.8 15598.8 15840.7 16197 16495.4 16912 17403.8 17688.9 18108.1 18638.2 19072.5
-395.9 390 241.9 356.3 298.4 416.6 491.8 285.1 419.2 530.1 434.3

Again 2019 is estimated but 2017 and 2018 aren't +419.2 and +530.1 as if chained dollars even matter to the American public

 

[Conservative]

Trillion $ deficits as far as the eye can see is not going to work for long. Without those deficits we would be in a recession already. Boosting the economy with massive deficits is not a policy it is a sham.

So sorry those trillion dollar deficits are allowing the American people to keep more of what they earn compared to what we got for the 9.3 trillion Obama added to the debt. You see, 9.3 trillion in debt will always be the record for any President in an 8 year term and allowing people to keep more of what they earn will always bother people like you who need that massive entitlement state you support

 

[Conservative]

The economy is faltering and less than 2% growth is forecast for 2020. Much worse than under Obama. Trillion $ deficits as far as the eye can see is not going to work for long. Without those deficits and rate cuts we would be in a recession already. Boosting the economy with massive deficits is not a policy it is a sham like everything Trump does. The morons that support him don't care.

I understand that the following doesn't resonate or have any interest to you but it does show reality

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

Leading to the following

RealClearPolitics - Election Other - President Trump Job Approval - Economy

 

[Conservative]

You wrote:



Which is the point. You're clearly fumbling with the data, and then are building arguments based on false conclusions.



Both false and blatantly ignorant. If a person makes $50000 in a year, and that money only purchases $49000 worth of goods, they will care about that. Which is why we adjust for inflation when making time series comparisons. Nominal GDP growth under Obama was



The components of GDP are not pertinent to this discussion.



This is false. The deficit represents roughly $1 trillion of the U.S. economy. That has exceeded the nominal GDP growth by more than $150 billion (this is where nominal data is useful). Meaning, the Trump economy is driven by deficit spending.



Again:

Amazing how you always run when challenged, looks like a character flaw to me

Again, you do realize what an ESTIMATE is don't you? Do you also not realize that I posted the data for bot Obama and Trump from the same source? Why doesn't that resonate with you? What is it exactly that you expect out of Trump that he isn't providing for you? This appears to be nothing but partisan rhetoric on your part totally out of context and nothing that resonates with the American people who couldn't care less about 3% GDP growth but do care about keeping more of what they earn

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?

You just don't seem to be mature enough to admit you are wrong on any subject as you continue to try and bully your way through the debates being used to fool the minions that align themselves with your ideology

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

 

[digitusmedius]

Liberals are PRAYING for the economy to tank.

Yeah, but you rightwingers keep telling us that your god doesn't hear atheist-commie-liberal prayers so no worries, right?

 

[Conservative]

Yeah, but you rightwingers keep telling us that your god doesn't hear atheist-commie-liberal prayers so no worries, right?

Here are the facts you want to ignore like most liberals who believe in the massive central gov't nanny state

Again, you do realize what an ESTIMATE is don't you? Do you also not realize that I posted the data for bot Obama and Trump from the same source? Why doesn't that resonate with you? What is it exactly that you expect out of Trump that he isn't providing for you? This appears to be nothing but partisan rhetoric on your part totally out of context and nothing that resonates with the American people who couldn't care less about 3% GDP growth but do care about keeping more of what they earn

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?

You just don't seem to be mature enough to admit you are wrong on any subject as you continue to try and bully your way through the debates being used to fool the minions that align themselves with your ideology

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

Then this

RealClearPolitics - Election Other - President Trump Job Approval - Economy

 

[Kushinator]

Just as I figured, using the same data again for Obama and Trump showing GDP in chained dollars, what a disaster the Obama Administration was and shows exactly what Trump inherited when taking office

Wrong. You have been citing annual figures from 2008 to 2018, and then use Q4 2019's seasonally adjusted number, even though the BEA clearly shows the value for 2019 to be $21429 billion.

Annual

Quarterly Seasonally Adjusted

Real (inflation adjusted in 2012 dollars) Annual and Quarterly Seasonally Adjusted

All Together:

 

[iguanaman]

I understand that the following doesn't resonate or have any interest to you but it does show reality

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

Leading to the following

RealClearPolitics - Election Other - President Trump Job Approval - Economy

There were more jobs created on Obama's last 2 years than in Trump first 2 so there has been no increased job creation. Trump simply goosed Obama's economy with massive increases in Govt. spending and tax and interest rate cuts. These deficits are unsustainable and lowering them will put us into a recession. It would be nice is a so called Conservative would admit these facts but like all Trumpists you are entranced.

 

[Conservative]

Wrong. You have been citing annual figures from 2008 to 2018, and then use Q4 2019's seasonally adjusted number, even though the BEA clearly shows the value for 2019 to be $21429 billion.

Annual

Quarterly Seasonally Adjusted

Real (inflation adjusted in 2012 dollars) Annual and Quarterly Seasonally Adjusted

All Together:

And you never answer direct questions like in Post 361

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

 

[TU Curmudgeon]

I've been waiting for the manufacturing recession to trickle through the economy, as it has done in the past. In fact, late last summer I was positing that the manufacturing slump may be finally bringing a retraction from this record long growth period we are in. But I was wrong, as earnings came in and the general economy soon ticked-up.

But now, I see this:



Which along with a manufacturing contraction, would again seem to predict a general slowdown. But I'm not sure what to make of it, having been burned once already. Unlike business & capital spending, consumer spending can be fickle with psychological components. Which is why I think it was easier to predict the economy when it was more manufacturing based, rather than what we have now.

If I could remember its title (which I can't), I'd give you a link to the old Sci-Fi story about how the government boosted America out of a depression by taking the last ounce of gold out of Fort Knox and giving it to a specifically selected individual so that they could buy something that they wouldn't normally have been able to buy because of the recession - after which the "belt loosening" caused by the "economic upturn" snowballed.

Both "belt loosening" and "belt tightening" tend to be contagious. At the "owner level", "belt tightening" has a tendency to result in selling paper and squirrelling the proceeds away in "durable valuata". At the "worker level", "belt tightening" has a tendency to result in "not buying things until our finances look better". Both of those take "money" out of circulation and, since "money is the lifeblood of Capitalism" both of them tend to slow down the economy, which (obviously) leads to further "belt tightening" - "lather, rinse, repeat".

Since around 77% of the US economy is "service" that means that the US economy is fast approaching the level of inefficiency generally found in peacetime armies.

This should NOT be regarded as "A Good Thing".

 

[Conservative]

There were more jobs created on Obama's last 2 years than in Trump first 2 so there has been no increased job creation. Trump simply goosed Obama's economy with massive increases in Govt. spending and tax and interest rate cuts. These deficits are unsustainable and lowering them will put us into a recession. It would be nice is a so called Conservative would admit these facts but like all Trumpists you are entranced.

Here are the facts you want to ignore like most liberals who believe in the massive central gov't nanny state

Again, you do realize what an ESTIMATE is don't you? Do you also not realize that I posted the data for bot Obama and Trump from the same source? Why doesn't that resonate with you? What is it exactly that you expect out of Trump that he isn't providing for you? This appears to be nothing but partisan rhetoric on your part totally out of context and nothing that resonates with the American people who couldn't care less about 3% GDP growth but do care about keeping more of what they earn

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?

what part of this don't you understand. I see Trump creating over 6.6 million jobs in 3 years vs. the 6 million jobs created by Obama along with a Democratic Congress in 2008. The American people get it, when will you

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

 

[TU Curmudgeon]

It makes me wonder if there will be a large bump in manufacturing (and/or other large parts of the economy) if/when the trade war wraps up?

That might well have a strong link to HOW "the trade war wraps up".

If the other countries adjust their economies to be LESS dependent upon the US market (which provides about 5% of the POTENTIAL global market) the degree of "bump" is going to be unnoticeable (if not negative).

 

[Conservative]

That might well have a strong link to HOW "the trade war wraps up".

If the other countries adjust their economies to be LESS dependent upon the US market (which provides about 5% of the POTENTIAL global market) the degree of "bump" is going to be unnoticeable (if not negative).

Hard to find much to complain about with the U.S. economy, considering the situations much of the rest of the developed world is facing.

It does seem the components of GDP are misunderstood by the left as they ignore that most world economies are dependent on gov't spending for their GDP growth funded by high taxes. Ours isn't, it is based mostly on consumer spending/consumption. High gov't spending dependence is hurt most by austerity

 

[JustHanging]

It does seem the components of GDP are misunderstood by the left

According to Trump, it's his base that misunderstands most things, being poorly educated.

Do you think Trump knows his base?

 

[TU Curmudgeon]

Re: U.S. Economy Heads Into 2020 With Steady Growth

The U.S. economy continues to chug along, making this the 11th consecutive year of real growth. However, it has fallen short on expectations from the white White House.



And given that the deficit represented 151% of total growth at Q3 2019 (it will probably surpass 151% for Q4), it is safe to say our economy is being driven entirely by government spending.

The rest of the article can be found here.

This is NOT the 11[sup]th[/sup] year of REAL growth, the first eight years (when Mr. Obama was the President) were years of FAKE growth. Only the years when Mr. Trump was the President count as years of REAL growth.

[The above form of "Internet Rebuttal" has been specifically and officially approved and endorsed by "Devoted Online Lovers of Trump" Inc. (a non-partisan, independent, research and analysis organization exempt from federal taxation that is dedicated to bringing you the true truth and not the false truth that anyone who doesn't believe 100% of what Donald Trump says tries to tell you the so-called "facts" are), "Pro-Life United Gun Enthusiasts and Manufacturers for Jesus", and “"The ‘First Amendment Rights Trust’ Foundation”.]

 

[Conservative]

According to Trump, it's his base that misunderstands most things, being poorly educated.

Do you think Trump knows his base?

It does look like the base knows Trump and that is all that matters

RealClearPolitics - Election Other - President Trump Job Approval - Economy

 

[Conservative]

Re: U.S. Economy Heads Into 2020 With Steady Growth

This is NOT the 11[sup]th[/sup] year of REAL growth, the first eight years (when Mr. Obama was the President) were years of FAKE growth. Only the years when Mr. Trump was the President count as years of REAL growth.

[The above form of "Internet Rebuttal" has been specifically and officially approved and endorsed by "Devoted Online Lovers of Trump" Inc. (a non-partisan, independent, research and analysis organization exempt from federal taxation that is dedicated to bringing you the true truth and not the false truth that anyone who doesn't believe 100% of what Donald Trump says tries to tell you the so-called "facts" are), "Pro-Life United Gun Enthusiasts and Manufacturers for Jesus", and “"The ‘First Amendment Rights Trust’ Foundation”.]

How about addressing the following

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?

 

[TU Curmudgeon]

You are a 100% correct. You spend your way our of a recession, and you pay down the deficit-debt during periods of growth.

Trump is doing it ass-backward, and it will come to bite us when we get a down-turn. When that happens, there will be two choices:

1] Go deeper into debt
2] Cut services

The odds on Mr. Trump chosing Option 2. are quite high - especially if he is still the President in 2021 and doesn't have to run for re-election (the support for repealing the 22[sup]nd[/sup] Amendment simply isn't there).

 

[digitusmedius]

Amazing how you always run when challenged, looks like a character flaw to me

Again, you do realize what an ESTIMATE is don't you? Do you also not realize that I posted the data for bot Obama and Trump from the same source? Why doesn't that resonate with you? What is it exactly that you expect out of Trump that he isn't providing for you? This appears to be nothing but partisan rhetoric on your part totally out of context and nothing that resonates with the American people who couldn't care less about 3% GDP growth but do care about keeping more of what they earn

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?

You just don't seem to be mature enough to admit you are wrong on any subject as you continue to try and bully your way through the debates being used to fool the minions that align themselves with your ideology

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

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.

 

[digitusmedius]

The odds on Mr. Trump chosing Option 2. are quite high - especially if he is still the President in 2021 and doesn't have to run for re-election (the support for repealing the 22[sup]nd[/sup] Amendment simply isn't there).

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