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re: Trump's 1st economic report card: Slowest growth in 3 years
Posted on 4/28/17 at 8:59 am to a want
Posted on 4/28/17 at 8:59 am to a want
Actually the initial reports for the first quarter of 2016 was a .5% growth. This was released on April 28, 2016.
So if you actually look at apples and apples, the report right now is better than the report last year so your headline is of course fake news.
It isn't the slowest growth in 3 years.
April 28, 2016
But it isn't good enough, and I think it will take off once Congress passes some of Trump's key legislation.
So if you actually look at apples and apples, the report right now is better than the report last year so your headline is of course fake news.
It isn't the slowest growth in 3 years.
quote:
Real gross domestic product -- the value of the goods and services produced by the nation’s
economy less the value of the goods and services used up in production, adjusted for price
changes -- increased at an annual rate of 0.5 percent in the first quarter of 2016, according to the
"advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP
increased 1.4 percent.
April 28, 2016
But it isn't good enough, and I think it will take off once Congress passes some of Trump's key legislation.
1
Posted on 4/28/17 at 9:02 am to a want
quote:
a want
Did your stupid arse even read your own link?
quote:
Weak consumer spending was the main culprit for the anemic growth, which has become routine for the US economy since the Great Recession ended in 2009. Since then, the US has averaged about 2% annual growth.
Gee, you mean consumer spending might slow when a new President is sworn in, especially after that economic disaster called Obama left office? What are the odds?
quote:
Despite the slow growth, the US economy is in good shape overall. Unemployment is very low at 4.5%.
quote:
Additionally, job gains remain solid, gas prices are low and wage growth has been picking up after years of dormancy.
quote:
One key difference this year is that consumer and business confidence have shot up partly because of President Trump's election victory and his promises for tax cuts and deregulation.
quote:
However, higher confidence about the economy's future hasn't translated into higher spending right now. Retail sales -- a key measure of how consumers feel -- declined in February and March on a monthly basis.
However, some experts are hopeful that consumer spending will catch up to confidence in the coming months.
"Consumption growth will rebound in the second quarter," says Paul Ashworth, chief US economist at Capital Economics, a research firm.
It's important to caution that the first estimate for economic growth to start the year has been unusually low in recent years and has been later revised upward.
In your own article, dipshit.
This post was edited on 4/28/17 at 9:03 am
Posted on 4/28/17 at 9:02 am to a want
Joe Blow1: Hey man, you want to go grab a beer?
Joe Blow2: yeah, call a want and see if he wants to grab one too.
Joe Blow1: haven't you heard?
Joe Blow2: dude, went crazy after the election. Completely flipped. All he does is obsess and talk about Trump.
Joe Blow2: yeah, call a want and see if he wants to grab one too.
Joe Blow1: haven't you heard?
Joe Blow2: dude, went crazy after the election. Completely flipped. All he does is obsess and talk about Trump.
Posted on 4/28/17 at 9:03 am to doubleb
quote:
So if you actually look at apples and apples, the report right now is better than the report last year so your headline is of course fake news
Right, I imagine last year's was adjusted up, which allows them to have their sensational headline while adding the caveat at the very end of the article that these numbers are likely incorrect.
Solid work, a want, as always.
Posted on 4/28/17 at 9:04 am to udtiger
quote:
Gives him added ammunition to push repeal/replace, tax cuts and getting rid of regs.
Cutting back regs on coal resulted in
no significant changes. Regulations have very little effect on an economy.
This post was edited on 4/28/17 at 9:04 am
Posted on 4/28/17 at 9:04 am to roadGator
quote:
At this point you are just sad. I actually pity you.
A Want wakes up every morning in terror at realization that Hillary is not the president.
The only salve he has to calm his fear is to come here and spread leftist propaganda.
Because of Obamacare he has mental health coverage. It's a shame he prefers to self-medicate rather than get the professional help that we are all paying for.
Posted on 4/28/17 at 9:04 am to olddawg26
quote:Link?
You did with obama
You guys were so damn busy blaming Bush in those 1st 100 days that you've apparently suffered some sort of permanent derangement.
Posted on 4/28/17 at 9:04 am to a want
quote:
:inb4Obamasfault:
Well, at least you are able admit that's what the last president did when talking about his poor economic numbers
And, get back with me when these numbers get revised (I imagine an expected increase), because we ALWAYS saw Obamas numbers revised downwards. Always
Posted on 4/28/17 at 9:05 am to a want
quote:
Did you give him credit when the market went up?
Name me 1 Obama policy that caused the markets to soar and it's correlative effect to the market.
You can't do it.
This post was edited on 4/28/17 at 9:06 am
Posted on 4/28/17 at 9:08 am to a want
No, what happened is we got HONEST numbers for once instead of the inflated fake stats the O regime, and it media stooges, were pumping out.
Posted on 4/28/17 at 9:09 am to a want
Heh, Trump hasn't managed to turn around the entire economy in his first 100 days, we will show him!
Posted on 4/28/17 at 9:10 am to a want
quote:
Trump's 1st economic report card: Slowest growth in 3 years
must be tired of winning
Reagan's 1st quarter was only around 2% and unemployment ticked up. I guess the economy was a total failure for the rest of his terms
Posted on 4/28/17 at 9:15 am to BugAC
quote:
Name me 1 Obama policy that caused the markets to soar and it's correlative effect to the market. You can't do it.
I'll give you TWO!!
He had a record number of Patriots at the WH photo Op, and his last Easter Egg hunt shattered all the records.
Look it up.
Posted on 4/28/17 at 9:26 am to DawgsLife
quote:
Check out the rest of the article and tell us who is cherry picking.
I did. The article says job growth is solid, but economic growth is stagnant because consumer spending has not picked up. Trump fans take credit for the former and blame Obama for the latter. Classic cherry picking.
This post was edited on 4/28/17 at 9:27 am
Posted on 4/28/17 at 9:26 am to bmy
quote:
Regulations have very little effect on an economy.
Posted on 4/28/17 at 9:27 am to Tigerdev
I'd laugh too if I didn't understand
Posted on 4/28/17 at 9:28 am to a want
quote:
a want
Please don't bring facts to this bubble.
Posted on 4/28/17 at 9:30 am to a want
quote:
:inb4Obamasfault:
actually it is...it took Reagan almost 3 full years for his economic plan to overcome the 2nd worst POTUS in history Jimmy Carter's disaster...
It will likewise take Trump's economic plan just as long to recover from the worst POTUS in history Obama's disaster...
Posted on 4/28/17 at 9:31 am to LSURulzSEC
quote:HuffPo - The Coming Recession of 2017
actually it is...
Bloomberg 10/14/2017 - The Next Recession Is Coming
Mother Jones - How Likely Is a Recession in 2017?
CNNMoney 6/19/2016 - The next president will likely face a recession
Posted on 4/28/17 at 9:33 am to a want
quote:
Did you give him credit when the market went up?
Absolutely, the American people had that feel good moment knowing we had averted disaster so we all put in a buy order, that feeling was kinda like that scene in the Wizard of Oz when Dorthy threw the water on Hilldawg.., err the Wicked Witch of the West and you knew things were going to be okay.
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