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Trump Admin no longer forecasting 3% growth

rocket88 said:
What part of the government has Trump reduced?
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Its in the papers every day!! 1+1=2



he Trump administration on Wednesday reported $23 billion in savings from 176 deregulatory actions in fiscal year 2018. Even more consequential, the administration has issued 65 percent fewer “significant” rules—those with costs that exceed $100 million a year—than the Obama administration, and 51 percent fewer than the Bush administration, after 22 months in office.
 
rocket88 said:
Jefferson didn't even free the slaves he owned!
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he set in motion the process that freed the slaves and most of the people on earth! This is why he is perhaps the most important man in human history. Do you understand??
 
BitterPill said:
At a Cabinet meeting Wednesday, Trump told reporters he's holding out for the prospect of U.S. gross domestic product more than doubling to a 6 percent annual growth rate.​


Trump defies data with 6% GDP growth forecast
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Oh yeah? Well when I run for office this great country of ours will have 10% GDP growth. My plans will be the best of the bestest plans ever! There will be so much growth your entire body will be spinning; believe me! People ask me "ElChupacabra, how will you accomplish that goal?" but I don't have time for LOSERS who waste their time asking stupid questions. I just want to make America even greater; the greatest of the great. There will be no place that's better than us; NO PLACE!! They'll all be begging to come to our country, and we'll say "No, sorry. You can't come in because America is for Americans". We'll all be eating so many hamberders the world will look on with envy from behind out massive, beautiful, WALL.
 
rocket88 said:
To see Trump's utter disregard for the Constitution. 1+3=4
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utter?? your handlers told you to parrot that so you do and look like a fool once again ! Any evidence?? See how easy you are???
 
ElChupacabra said:
Oh yeah? Well when I run for office this great country of ours will have 10% GDP growth. My plans will be the best of the bestest plans ever! There will be so much growth your entire body will be spinning; believe me! People ask me "ElChupacabra, how will you accomplish that goal?" but I don't have time for LOSERS who waste their time asking stupid questions. I just want to make America even greater; the greatest of the great. There will be no place that's better than us; NO PLACE!! They'll all be begging to come to our country, and we'll say "No, sorry. You can't come in because America is for Americans". We'll all be eating so many hamberders the world will look on with envy from behind out massive, beautiful, WALL.
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Go big, or go home.
 
James972 said:
utter?? your handlers told you to parrot that so you do and look like a fool once again ! Any evidence?? See how easy you are???
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Trump sure wiped his ass with the emoluments clauses.
 
BitterPill said:
Go big, or go home.
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Yep. Wait until I roll out the campaign speeches where I threaten to body slam opposition leaders if they choose not to comply with my orders. I'm looking to bring a WWE-like atmosphere to the presidency.
 
ElChupacabra said:
Yep. Wait until I roll out the campaign speeches where I threaten to body slam opposition leaders if they choose not to comply with my orders. I'm looking to bring a WWE-like atmosphere to the presidency.
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You just got my vote.
 
rocket88 said:
Here's a suggestion. If someone isn't talking to you, don't reply. It just makes you look stupid.

As far as my independence, you can shove your opinion of me. See "independent" does not mean "agrees with the Republican party without fail." Those people are Republicans. Which is distinct from so called conservatives such as you.
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No, people make you look stupid when you cannot answer direct questions. Being independent means looking at both sides of the issues and actual results do matter. You have shown no independent tendencies
 
Conservative said:
No, people make you look stupid when you cannot answer direct questions. Being independent means looking at both sides of the issues and actual results do matter. You have shown no independent tendencies
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I have looked at both sides. I still think Trump is an idiot.
 
James972 said:
utter?? your handlers told you to parrot that so you do and look like a fool once again ! Any evidence?? See how easy you are???
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No actually I reached that conclusion looking at his term in the White House. He has zero regard for the Consritution, has advocated that he should be President for life...and I think there's a fairly good chance that he's going to try to be that. While you wave your pom poms on the sideline. Just watch, he loses in 2020 and it will be because of illegal immigrants, because the system us rigged....and the Army will have to evict him.
 
MTAtech said:
Their 2019 Economic Report of the President has scaled back its growth projection to below 3%. See page 527, “current-law baseline forecast is for output growth to moderate as the capital-to-output ratio asymptotically approaches a higher steady-state level in response to business tax reform, and as the near-term effects of the TCJA’s individual provisions on the rate of growth dissipate into a permanent level effect.” That blather means that the Trump tax cuts temporarily stimulated the economy by jacking up the deficit, but now that stimulative effect is wearing off, the growth level is expected to sink below 3% a year.

In other words, the "mediocre" economic growth that those with Trump Devotion Syndrome (TDS) have been telling us existed under Obama, is going to be the standard for the Trump Administration. Gone are the 4-6% growth projections previously boasted about.

To re-emphasize my point, the 2017 tax-cut gave the economy a temporary and slight jolt at a huge permanent cost to the Treasury.
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Trump Devotion Syndrome, luv it. And so accurate, MAGA hats are the new tin foil head gear. Prevents common sense from manifesting.
 
yankintx said:
Trump Devotion Syndrome, luv it. And so accurate, MAGA hats are the new tin foil head gear. Prevents common sense from manifesting.
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Economic results create the support that you will never understand
 
akyron said:
It is fascinating to watch liberal progressive "americans" crow gleefully about the countries potential woes.
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People aren't crowing "gleefully". People are saying "we told you so", but back then Trumpers were like "what do you hate about economic growth"?

Always try and turn this into something that it's not, for political gain.

Trump came along, declared himself an economic genius, turns out, he's not. Who'd have guessed it? Well, a lot of people did. It's well documented. Did you people listen? No, you didn't. You acted like school kids being given a week off school. Now you've got a test and you're looking for someone else to blame.
 
Luther said:
Never?
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I'm quite sure, by ignoring lots of statistics and posting one or two than make Trump look good, they can make a piss poor argument that it is never.
 
Frigidweirdo said:
People aren't crowing "gleefully". People are saying "we told you so", but back then Trumpers were like "what do you hate about economic growth"?

Always try and turn this into something that it's not, for political gain.

Trump came along, declared himself an economic genius, turns out, he's not. Who'd have guessed it? Well, a lot of people did. It's well documented. Did you people listen? No, you didn't. You acted like school kids being given a week off school. Now you've got a test and you're looking for someone else to blame.
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What really is showing is the lack of understanding you and others have for the private sector economy that this country was built on. Trump has unleashed incentive in the private sector and the actual results speak for themselves. you and others are doing everything possible to divert from those results totally ignoring that the American people always vote their pocketbooks and are sharing in the prosperity Trump economic policies are generating. What you and the left are doing is promoting negativity as if that is going to win elections, results win elections, not rhetoric or your opinions
 
Frigidweirdo said:
I'm quite sure, by ignoring lots of statistics and posting one or two than make Trump look good, they can make a piss poor argument that it is never.
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Tell us exactly what statistics make Trump look bad? Educate yourself with research not opinions and tell me what Democrats are going to run on and which of the following are examples of poor Trump policies?

This thread is about Trump no longer predicting 3% growth and based upon the 3.2% growth in the first quarter of 2019 looks like he needs to predict higher. Now do what the left always does run from the actual results to focus on issues that have zero impact on the American people.

1. GDP Growth 2013 to 2018

2013 16784.9
2014 17521.7 736.8
2015 18129.3 607.6
2016 18707.2 577.9
2017 19485.4 778.2
2018 20494.1 1008.7

2016 GDP growth 1.6% annual vs 2.9% 2018 with those terrible tax cuts, 3.2% January thru March 2019

Unemployment Rate 4.7% January 2017 vs. 3.6% today

Employed 152 million January 2017 to 157 million today

U-6 in January 2017 9.3% vs 7.3% today?

Part time for economic reasons, 5.7 million January 2017 vs. 4.6 million today?

African American unemployment 7.7% vs. 6.7% today?

Remember those wonderful Obama years leaving Trump with a 1.6% GDP growth, declining GDP dollars and let's not forget adding 9.3 trillion to the debt with much of that gov't spending in those GDP numbers

Then let's not forget the gloom and doom predictions by the left and the April results
U.S. employers added 263,000 jobs in April again beating Wall Street's expectations and the 3,2% GDP Growth in the first qtr. Of 2019, likely quelling some fears about an impending economic slowdown.
 
Conservative said:
What really is showing is the lack of understanding you and others have for the private sector economy that this country was built on. Trump has unleashed incentive in the private sector and the actual results speak for themselves. you and others are doing everything possible to divert from those results totally ignoring that the American people always vote their pocketbooks and are sharing in the prosperity Trump economic policies are generating. What you and the left are doing is promoting negativity as if that is going to win elections, results win elections, not rhetoric or your opinions
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See, I'm not really seeing that Trump has unleashed incentive. As if the day before he took office, or the day before he got elected, there was no incentive to get rich. Like people just sat around twiddling their thumbs saying "no point in getting up, is there, even if we make money, we'll lose it all, so let's just rot here."

Didn't happen. There was incentive before and there's incentive now.

The actual results speak for themselves do they? Let's look.

Let's just randomly pick January of each year and look at unemployment statistics.

Obama
2009-10 there was a 2% growth in unemployment. It was always going to happen. Bush had been president during the actual outbreak of economic uncertainty and unemployment was always going to be big.
2010-11 -0.7%
2011-12 -0.8%
2012-13 -0.3%
2013-14 -1.4%
2014-15 -0.9%
2015-16 -0.8%
2016-17 -0.2%

So, every January after Obama's first full January in 2010, there was a drop in unemployment.

Trump
2017-18 -0.6%
2018-19 -0.1%

So, Obama had five Januaries with an unemployment drop larger than Trump's -0.6%

These are what the facts say. They show that unemployment dropped more in 7 years of Obama's term than they did in Trump's term.

In fact for Trump to equal Obama he'd have to have unemployment at 1%. He doesn't.

I can spend all day showing facts like this. It doesn't tell half the story, most of the story is this:

When recessions happen, people stop buying. Then over a period of time confidence comes back, unemployment drops. I can show you lots of recessions where the same thing happened. In 2008 the predictions were that recession would be the US's second worst. If you look historically you'd have expected about 10 years for the US to get back on its feet. It took about ten years.

The biggest problem I have is that the US is still doing the same old boom and bust bull that will lead to the next recession. Pumping up the economy massively to make presidents look good and not learning from past mistakes.
 
Conservative said:
Tell us exactly what statistics make Trump look bad? Educate yourself with research not opinions and tell me what Democrats are going to run on and which of the following are examples of poor Trump policies?

This thread is about Trump no longer predicting 3% growth and based upon the 3.2% growth in the first quarter of 2019 looks like he needs to predict higher. Now do what the left always does run from the actual results to focus on issues that have zero impact on the American people.

1. GDP Growth 2013 to 2018

2013 16784.9
2014 17521.7 736.8
2015 18129.3 607.6
2016 18707.2 577.9
2017 19485.4 778.2
2018 20494.1 1008.7

2016 GDP growth 1.6% annual vs 2.9% 2018 with those terrible tax cuts, 3.2% January thru March 2019

Unemployment Rate 4.7% January 2017 vs. 3.6% today

Employed 152 million January 2017 to 157 million today

U-6 in January 2017 9.3% vs 7.3% today?

Part time for economic reasons, 5.7 million January 2017 vs. 4.6 million today?

African American unemployment 7.7% vs. 6.7% today?

Remember those wonderful Obama years leaving Trump with a 1.6% GDP growth, declining GDP dollars and let's not forget adding 9.3 trillion to the debt with much of that gov't spending in those GDP numbers

Then let's not forget the gloom and doom predictions by the left and the April results
U.S. employers added 263,000 jobs in April again beating Wall Street's expectations and the 3,2% GDP Growth in the first qtr. Of 2019, likely quelling some fears about an impending economic slowdown.
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Well, I already replied in terms of unemployment above.

As for GDP, let's play.

Obama

GDP in 2009 was $14,448.9 billion
GDP in 2010 was $14,992.1 billion - an increase of 3.76%
GDP in 2011 was $15,542.6 billion - an increase of 3.67%
GDP in 2012 was $16,197 billion - an increase of 4.21%
GDP in 2013 was $16,784.9 billion - an increase of 3.63%
GDP in 2014 was $17,521.7 billion - an increase of 4.39%
GDP in 2015 was $18,219.3 billion - an increase of 3.98%
GDP in 2016 was $18,707.2 billion - an increase of 2.67%

Trump

GDP in 2017 was $19,485.4 billion - an increase of 4.15%
GDP in 2018 was $20,500.6 billion - an increase of 5.21%

There's nothing really exceptional about the increases in GDP here. The first year Trump was in office he hadn't done anything. He hadn't reduced taxes, he hadn't really done anything at all. Potentially he's pumped up the economy and the figure for 2018 was higher. But what does that mean? It's difficult to tell. If Trump's GDP growth goes down significantly then he's exchanged long term growth for short term growth. Is that sensible? Was what was happening under Obama far more sensible?

Had GDP growth got up to 5% per year, would it have all ended badly?

Or is this just going to be a case of pick and choose some statistics that look good, ignore reality and then shout "Trump, Trump, USA, USA, MAGA, MAGA" and then when it all goes to hell pretend you never said it?
 
Frigidweirdo said:
See, I'm not really seeing that Trump has unleashed incentive. As if the day before he took office, or the day before he got elected, there was no incentive to get rich. Like people just sat around twiddling their thumbs saying "no point in getting up, is there, even if we make money, we'll lose it all, so let's just rot here."

Didn't happen. There was incentive before and there's incentive now.

The actual results speak for themselves do they? Let's look.

Let's just randomly pick January of each year and look at unemployment statistics.

Obama
2009-10 there was a 2% growth in unemployment. It was always going to happen. Bush had been president during the actual outbreak of economic uncertainty and unemployment was always going to be big.
2010-11 -0.7%
2011-12 -0.8%
2012-13 -0.3%
2013-14 -1.4%
2014-15 -0.9%
2015-16 -0.8%
2016-17 -0.2%

So, every January after Obama's first full January in 2010, there was a drop in unemployment.

Trump
2017-18 -0.6%
2018-19 -0.1%

So, Obama had five Januaries with an unemployment drop larger than Trump's -0.6%

These are what the facts say. They show that unemployment dropped more in 7 years of Obama's term than they did in Trump's term.

In fact for Trump to equal Obama he'd have to have unemployment at 1%. He doesn't.

I can spend all day showing facts like this. It doesn't tell half the story, most of the story is this:

When recessions happen, people stop buying. Then over a period of time confidence comes back, unemployment drops. I can show you lots of recessions where the same thing happened. In 2008 the predictions were that recession would be the US's second worst. If you look historically you'd have expected about 10 years for the US to get back on its feet. It took about ten years.

The biggest problem I have is that the US is still doing the same old boom and bust bull that will lead to the next recession. Pumping up the economy massively to make presidents look good and not learning from past mistakes.
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That's because bottom line is all that matters to you not context. Obama authored the worst recovery from a recession in U.S. history as he inherited a Democratic Congress, TARP,, no budget and had his stimulus passed almost day one, a stimulus that saw employment drop 4 million in 2009 and only recover 3 million in 2010. His economic growth was meager at best with 842 billion of it due to stimulus or gov't spending as he added 4.2 trillion to GDP in 8 years, Trump 2 trillion in two years.

You want to claim there was a drop in unemployment but ignore the content and what created that drop, people working for less hours counted as employed which skewed the employment and unemployment data in Obama's favor. The American people got it but the left never will

You can post facts out of context all day but context matters, context like all those jobs created were part time for economic reasons and new jobs created were 6 million in 8 years as a job lost that returns isn't new job created. Trump has created 5 million in 2 years.

During a recession gov't spending is mandatory but not when you bail out the public sector like claiming you saved jobs especially teachers. Show me any reputable site that measured SAVED jobs??

I can post official data over and over again and still you will ignore it but what you cannot ignore is the fact that the Obama economy gave us Trump. I suggest you learn out to deal with content like is an economy that has 8-9 million part time jobs for economic reasons better than an economy that has 4-5 million part time for economic reasons? does it bother you that Obama left the country with a 9.3% U-6 rate that is 7.3% today?

What is it about liberalism that creates people like you who buy what you are told and ignore context?
 
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