U.S. economic growth slowed in 2017’s fourth quarter, missing Trump’s targets

What's you source for your numbers pls, your numbers are wrong?


Source:http://money.cnn.com/gallery/news/economy/2017/01/06/obama-economy-10-charts-final/3.html

 

They are correct.

U.S. Bureau of Economic Analysis, Real Gross Domestic Product [A191RL1Q225SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/A191RL1Q225SBEA, January 26, 2018.

 

What are you, 12 years old?

 

Link to any major Leftwing Political Figure that called the 2001 recession, "The Clinton Recession".

 

Why should I provide that to you?

 

Stock market =/= economy.

 

you'd have to know bluesy to understand.

 

Trump has been claiming ownership of the economy for months, rightly or wrongly. GDP for 2017, first of 3 looks, is 2.3%. Interestingly this is bang on the IMF January 2017 estimate of 2.3% (it is higher than the July revision of 2.1%). The 4th qtr number was 2.6%, representing a slower growth rate than the 2nd & 3rd qtrs.There are two more looks at the final 2017 number coming up, we'll see if there are any revisions.

The IMF forecasts for 2018 & 2019 have been revised upward, 2.7% for 2017 and 2.5% for 2019. This forecast does account for the impact of the tax cuts.

 

No trying get you to respond and defend your claim in that thread or are you admitting he could not?

 

Understand what? That you refuse go back up the claim you made?

 

So when you pointed out the stock market increase during Obama's term what was your point?

 

lol, trying to derail this thread too?

 

no that you constantly try to derail threads, and are usually proven wrong in just about everything you post, lol.

 

To show the stock market was increasing. What's your point?

 

Can't locate the specific source of your manually typed numbers. Be more clear as to exactly where you sourced the specific numbers your typed?

So again here are my numbers and the exact source, tks:


Source:http://money.cnn.com/gallery/news/economy/2017/01/06/obama-economy-10-charts-final/3.html

 

I already gave you that, Silly! These numbers are available from a number of primary sources.

Try this:
2014Q4 2.6 2.0
2015Q4 1.3 0.5
2016Q4 3.8 1.8
2017Q4 5.0 2.6

https://www.bea.gov/national/xls/gdplev.xlsx

Far right are inflation adjusted, second to right is nominal, normally inflation adjusted numbers are used.

https://www.bea.gov/national/xls/gdpchg.xlsx

I made an error in my initial post and over reported 2015:

2017 - 2.6%
2016 - 1.8%
2015 - 2.0% (corrected to 0.5)
2014 - 2.0%

I was using the link below, hovering my cursor of the quarter and then manually entering it.

https://fred.stlouisfed.org/graph/?g=hPv7

 

I'm look at the thread where you made you claim why won't you defend your claim? Or are you admitting you were wrong?

 

Because Obama had a sucky economy? It was in your list of bragging about him, what was your point?

 

My point?

o Economy that was tanking at a -9% rate and shedding 700,000+ jobs a month turned around
o a record 83 straight months of private sector employment growth.
o Initial unemployment claims below 300,000 for a 101 straight weeks, the longest streak since 1970
o 150% increase in the stock markets since taking office
o More than halved the deficit in 4 years.
o Initial unemployment claims drop to lowest level since 1973
o Got Osama bin Laden.
o Saved 2-3 million jobs with stimulus package
o First decrease in spending in a year in decades - 3 times.
o Stock markets up 200% since bottom of the recession in 2009
o 16 million additional private sector jobs created since Jan 2010
o Oil production increasing for the first time in decades.
o Initial unemployment claims drop to 43 year low.
o Ousted Muamar Kadaffi at 1/1000 the cost of the Iraq war
o Deficit reduced by a then record $212 billion, down 16%, in 2012.
o Deficit reduced by a new record $408 billion, down 37%, in 2013
o Expanded overtime regulations for working Americans
o Record corporate profits
o Opened relations with Cuba
o Passed health care reform that is providing coverage to tens of millions of Americans
o 6 straight years of GDP growth
o Unemployment rate dropped from 10% to 4.8%
o U.S. becomes world's top petroleum and energy producer
o Passed financial regulation reform to prevent another housing bubble fiasco.
o Recovered all jobs lost in the worst recession in 80 years
o Lowest rate of spending increases of any president in modern history
o 2015 median income increase strongest on record.
o Average initial jobless claims drops to levels last seen when Nixon was president.
o Turned the tide against ISIS
o US domestic oil use decreased
o Net creation of millions of people employed despite inheriting a economy losing 700,000+ jobs a month
o Student loan reform passed making college loans available at reasonable rates.
o Gas prices drop to $2.00/gallon

My point is that had Obama been a white Republican, conservatives would have hailed him as a savior.

 

Seems like you are either very rattled and/or very confused as you are now conflating quarterly vs. annual GDP stats and linking members to downloadable docs which I am going to pass on, thank you. I would think that's against site rules BTW. Maybe you are just trying to create a strawman to hide behind, who knows, but clearly you are now also posting quarterly stats as well to confuse "your" issue so I'll help you out again:

And you know the source as posted above for annual GDP, good luck.

EDIT: edited quoted links to prevent downloading docs.

 

o Economy that was tanking at a -9% rate and shedding 700,000+ jobs a month turned around
The job loss rate bottomed out the month Obama took office and had already rapidly receeded before anything he proposed went into effect why are you trying to attribute to him?
o a record 72 straight months of private sector employment growth.
A record of lousy employment growth if only one job per Mont were created you statement would be true and the economy would still suck.
o 125% increase in the stock markets since taking office
You said stock market =/= economy which is it
o More than halved the deficit in 4 years.
ROFL after the Dens, including Obama as Senator then President, increased it almost 9 fold in just two years from the last Republican deficit of a paltry $161B to over $1,400B (increasing spending 9% and then 18%) and kept it over $1,000B for the next four years. So you now support the sequester which brought it down?
o Saved 2-3 million jobs with stimulus package
Tens of millions lost with it and the worst labor participation rate in modern history and that 8.5% ceiling it was supposed to produce turned into 10% and stayed over 9% for what 5 years
o First decrease in spending in a year in decades - 3 times.
So you support sequester?
o Stock markets up 170% since bottom of the recession in 2009
You said stock market =/= economy, which is it?
So desperate you have to repeat yourself?
o Over 14 million additional private sector jobs created since Jan 2010
After losing how many and what specific Democrat/Obama measures o which you attribute this?
o Oil production increasing for the first time in decades.
ROFL inspite of the Democrats
o Deficit reduced by a then record $212 billion, down 16%, in 2012.
o Deficit reduced by a new record $408 billion, down 37%, in 2013
So you support sequester and oppose the spending increases Obama and the Democrats have sought and both Democrats candidates are seeking?
o Record corporate profits
So you want the evil corporations to increase their profits sobriety rich can get richer? What Democrat/Obama policies are you crediting for this?
o 5 straight years of GDP growth
Lousy GDP growth, if it increased .1% per year you statement would still be true would it not?
o Unemployment rate dropped from 10% to 5.0%
Repeating yourself does not change the fact as stated above.
o U.S. becomes world's top petroleum and energy producer
In spite of the Democrats
o Recovered all jobs lost in the worst recession in 80 years
After 9 years and does not keep up with population grown. And again give me he specific Democrat/Obama policies to which you attribute this.
o Lowest rate of spending increases of any president in modern history
Highest rate 9% in 2008 and then 18% in 2009 under Democrat budget control including Senator and then President Obama and then they never passed a budget.
o On-budget deficit has decreased every full fiscal year he's been in office.
See above.
o US domestic oil use decreasing
We'll which is it you makenthis praise aboutbproduction increasing and now try to brag use is down.
o Net creation of millions of people employed despite inheriting a economy losing 700,000+ jobs a month
He was part and parcel along with his fellow Democrats in creating that and see above. Quite telling how you dishonestly keep repeating things to make your list longer.

Instead of you baseless personal and racist attacks can you try some rebuttal?

 

Do I support sequester, again? What kind of drugs are you taking today?

 

Every statement from Trump is always an exaggeration. We can imagine Melania Trump's surprise.............. LOL HA !!

 

Excellent Post !! You are spot on !! President Obama had foresight and Vision.

Trump only knows how to tear down. A common trait among someone with Low self esteem.........

 

What do you expect when immagination gives way to reality.