- Joined
- Jun 20, 2018
- Messages
- 22,394
- Reaction score
- 9,867
- Location
- Miami, FL
- Gender
- Male
- Political Leaning
- Independent
I still remember before the election that Trump was saying he was going to stimulate a 6% GDP growth. Well, that has not happened and it is not likely to happen. The best it got was 4.1% in July but Obama had several quarters that were better than that, having had 1 quarter at 5.1%
The last GDP report came in at 3.3% and it is estimated that the next one will be 2.8%. In addition, the Fed announcement of the increase of interest rates that came yesterday is showing that they expect GDP growth to be around 2.3% in 2019, 2.0% in 2020 and 1.8% in 2021. As such, where is that great 6% growth that Trump promised? Another fake assessment to stimulate his base is the reality.
https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20181219.htm
The Stock market has now fallen over 50% of what it grew after the Trump election and that suggests that the traders no longer believe that Trump is doing the right thing for continued growth. Yes, the Tax cut and deregulation helped the market at first, but the Trade War and what Trump has done for the economy since have all been negatives.
The "star" is starting to fade and likely will become a Nova soon. Trump is on the way down, especially considering that things can't be done crookedly or without thought without ultimately crashing down.
Where is the bright future that Trump promised?
I am interested in seeing the Trump supporters trying to explain this and coming up with a rosy future scenario, given that there is little more that Trump can do now to turn things back up toward a growth of consequence scenario. At the end of year 3 of his presidency, the US will be growing at 2.3% and that is the same as Obama was showing when he left.
Oh, by the way, silence regarding the economy is what is now coming out of the Trump administration.
https://www.forbes.com/sites/chuckjones/2018/11/30/trumps-economy-trump-and-republicans-have-been-radio-silent-on-december-quarters-gdp-growth/#6d6d1548644e
The last GDP report came in at 3.3% and it is estimated that the next one will be 2.8%. In addition, the Fed announcement of the increase of interest rates that came yesterday is showing that they expect GDP growth to be around 2.3% in 2019, 2.0% in 2020 and 1.8% in 2021. As such, where is that great 6% growth that Trump promised? Another fake assessment to stimulate his base is the reality.
https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20181219.htm
The Stock market has now fallen over 50% of what it grew after the Trump election and that suggests that the traders no longer believe that Trump is doing the right thing for continued growth. Yes, the Tax cut and deregulation helped the market at first, but the Trade War and what Trump has done for the economy since have all been negatives.
The "star" is starting to fade and likely will become a Nova soon. Trump is on the way down, especially considering that things can't be done crookedly or without thought without ultimately crashing down.
Where is the bright future that Trump promised?
I am interested in seeing the Trump supporters trying to explain this and coming up with a rosy future scenario, given that there is little more that Trump can do now to turn things back up toward a growth of consequence scenario. At the end of year 3 of his presidency, the US will be growing at 2.3% and that is the same as Obama was showing when he left.
Oh, by the way, silence regarding the economy is what is now coming out of the Trump administration.
https://www.forbes.com/sites/chuckjones/2018/11/30/trumps-economy-trump-and-republicans-have-been-radio-silent-on-december-quarters-gdp-growth/#6d6d1548644e
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