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Started By
Message
re: the economy is exploding
Posted on 12/18/17 at 10:42 am to PointsInCase
Posted on 12/18/17 at 10:42 am to PointsInCase
quote:
We had consecutive quarters of 4.6% and 5.2% in Q2 and Q3 of 2014.
And still couldn't muster up 3% annual growth for 2014? SAD
1
Posted on 12/18/17 at 10:43 am to Zach
quote:
Obama's brilliant economic policies are finally kicking in.
Yea, all the energy guilt trips and bad mouthing of big business is finally paying off.
Posted on 12/18/17 at 10:50 am to PointsInCase
quote:Yeah, sandwiched in between a MINUS -.9% shrinking of GDP in the first quarter and falling from 5.2% down to 2.0% in the fourth quarter of that year.
We had consecutive quarters of 4.6% and 5.2% in Q2 and Q3 of 2014.
Posted on 12/18/17 at 10:51 am to HailHailtoMichigan!
This claim is a little strong, or maybe a little early yet. Looking encouraging, though.
Posted on 12/18/17 at 11:26 am to LSUvegasbombed
quote:
Majority of the carriers have been ELD compliant for some time now. Prices have acclimated in my opinion. There might be a slight bump but most of it has already taken place
I would contend that even though the majority has been compliant thus far, rate increases won't be sought in earnest until after the mandate goes into effect, assuming it stays unchanged. To seek higher rates now would just be pricing one's self out of any revenue. If we go through January and there isnt serious discussion of allowing drivers to log split-sleeper to rest and gain hours, then I would think that is when you'll see rates really increase.
If you dont mind my asking, do you work in transpo?
Posted on 12/18/17 at 11:28 am to KeyserSoze999
Just having a Presidential team that isn't actively, explicitly, rabidly anti-business was a huge step in the right direction.
Honestly, policy wise that's the real difference (until the tax bill passes, and Obamacare gets killed by a thousand cuts).
Honestly, policy wise that's the real difference (until the tax bill passes, and Obamacare gets killed by a thousand cuts).
Posted on 12/18/17 at 11:30 am to PointsInCase
quote:
what will the overall "trickle down" effect be from all this growth?
Trickle down is not the theory. It's "a rising tide lifts all boats" - and it will be sudden and dramatic, once it fully kicks in. The tax bill is probably one of the last things. We probably need an amnesty to bring capital that is parked offshore to really push it into overdrive, but that may not be needed after all with all these "revised upward" 3%+ quarters we've had.
Posted on 12/18/17 at 11:38 am to KeyserSoze999
quote:
the economy is exploding
Thank you God for giving us Our President the greatest Jobs President that you ever created!
He saved us from the MESS he inherited from Obama.
This post was edited on 12/18/17 at 11:39 am
Posted on 12/18/17 at 11:39 am to Lsuchs
quote:
(CBO) is now forecasting that America will never see 3.0% economic growth again
you know, i've seen this claim made before. the thing is, CBO has said no such thing.
an average that is below 3% does not imply that 3% isn't reached for any single year.
now, the claim that the days of averaging 3%, including recessions where we go negative, being over- there's good evidence for that.
Posted on 12/18/17 at 11:44 am to KeyserSoze999
Posted on 12/18/17 at 11:51 am to KeyserSoze999
its pretty impressive that team r is both arguing that the economy is kicking arse right now and corporations are thriving, while at the same time saying that taxes are strangling corporations and economic prosperity
This post was edited on 12/18/17 at 11:52 am
Posted on 12/18/17 at 11:55 am to KeyserSoze999
It would be nice if south Louisiana's economy would start booming.
Posted on 12/18/17 at 12:02 pm to Machine
That is not what anybody is saying.
Hahaha
Hahaha
Posted on 12/18/17 at 12:03 pm to Zach
quote:
Obama's brilliant economic policies are finally kicking in.
They've been kicking in for years. If you look at the economy over the last seven years, the expansion is almost on a straight line in an upward direction. This didn't start in January.
But at some point there will be a correction. Will Trump own that?
Posted on 12/18/17 at 12:06 pm to TBoy
Slowest recovery in history. Until this year.
This post was edited on 12/18/17 at 12:07 pm
Posted on 12/18/17 at 12:27 pm to gthog61
quote:lol oh okay
That is not what anybody is saying.
Hahaha
Posted on 12/18/17 at 12:29 pm to TBoy
quote:
They've been kicking in for years. If you look at the economy over the last seven years, the expansion is almost on a straight line in an upward direction. This didn't start in January.
Obama's eight year term saw the country have the worst GDP growth(1.5%) of any President since WW2(and to note he was the "worst" by a wide margin...not even close). That is a undeniable fact that you need to learn. Obama is a case study in what not to do if you want to grow the economy.
This post was edited on 12/18/17 at 12:31 pm
Posted on 12/18/17 at 12:38 pm to KeyserSoze999
quote:
not sure why, but somethings got it going
Tax Cuts and Jobs Act
Posted on 12/18/17 at 12:45 pm to Bunyan
quote:
And still couldn't muster up 3% annual growth for 2014? SAD
FWIW, we still need about 4.4% growth for the 4Q to hit 3% for 2017. Also, the 10-2 yield curve spread has been flattening since late February (from 2.3%-1.2% to 2.4%-1.8%), and asset multiples are ridiculous. That being said, none of that is Trump's fault, and he has undeniably lifted the GDP growth trajectory on the basis of his support for deregulation and tax cuts. I'll go ahead and give him credit for that.
Posted on 12/18/17 at 12:46 pm to frogtown
quote:
Obama's eight year term saw the country have the worst GDP growth(1.5%) of any President since WW2
The worst macroeconomic growth performance of any 8-year stretch in U.S. history that doesn't include the year 1931.
#NeverForget
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