Trump greeted with laughter while touting his administration's accomplishments at UN

And I agree about presidents not being responsible, and have said so many times, but we've barely broken 4% quarterly GDP (which is still very good) since Trump has taken office, not 7%. And we've only had one year of annual GDP under him, and that was less than 3%, not over 5% as he claims. Even the BEA links within his link contradict his claims.

 

Bill Clinton's economy hasn't been matched since, though, I think Trump could very well do it.

Bush and Obama are the two dumbest back to back Presidents this nation has ever produced.


Michelle with Dumb and Dumber

Thank goodness the Bush/Obama era is behind us.

 

Forget Trump's claims, he's a well known liar but accept reputable claims. Zorro didn't provide a link verifying his graphic. Do you have a link refuting it?

Here is the Fred link: https://fred.stlouisfed.org/series/GDP

 

Click in the BEA links within that link. The BEA reports that GDP for that quarter was just over 4%, not over 7%.

 

You miss my point: IMO, it was never "Bill Clinton's economy". George HW Bush ran on a ticket claiming that the economy was improving and it did. Just not under George HW Bush. Presidents have influence over our nation's economy but they don't control it. Not even Congress controls it. It runs on its own which is how our nation was designed; maximum freedom, minimum government.

 

Sorry, not a lawyer nor a business guy, what is the "BEA" link? I looked and didn't see it. Are we looking at the same thing? I don't doubt your comment, just looking for the evidence/link.

 

Except when a President makes the mistake of intervening in the economy like FDR and Obama did.

Both FDR and Obama had the longest and slowest recovery from a recession in history because both ****ed with the economy by adding regulations and restrictions.

 

Disagreed and you bring up to very different circumstances. For one thing, FDR is why we have the 22nd Amendment...and for good reason. We need a similar one for Congress.

Second, Obama didn't intervene in the economy. Anyone who knows the Constitution knows he needs Congress to do such things. The same applies to GW Bush. The same assclowns claiming Presidents are dictators waving wands to do things are so ****ing stupid they don't understand GW Bush didn't do anything that wasn't allowed by Congress.

 

@Max Rockatansky
It's Just @Zorro being funny again....
His chart is raw GDP. The meaningful number is real GDP. That's why they call it real.

https://fred.stlouisfed.org/series/A191RL1Q225SBEA

Real gross domestic product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e. inflation or deflation). This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output.

 

No it doesn't. You are reading GDP numbers in chained 2012 dollars. You came into a discussion I was having Dairyair about whether the economy was growing out from under our debt, under Trump.

For that measurement, you do not use REAL (Chained 2012) Dollars, you use CURRENT dollars.

And you missed this line in the BEA report you referenced:

Current‑dollar GDP increased 7.6 percent, or $370.9 billion, in the second quarter to a level of $20.41 trillion.​

https://www.bea.gov/news/2018/gross...2018-second-estimate-corporate-profits-second

 

No. I correctly labeled it nominal rather than chained 2012 Dollar GDP because when you are measuring whether the economy is outgrowing the growth of the Federal Debt, you use Current Dollar GDP, not chained 2012 dollar GDP.

If the percentage of nominal GDP growth, exceeds the percentage of federal deficit, you are growing your way out of your problem. If it doesn't, you are digging deeper, Silly!

 

Well, they may have laughed in the beginning, but after Trump laid down the law, they weren't laughing at the end. He made it plain America is going to do what is right by us and no UN body is going to tell us what we have to do. He let it known, we aren't going to be stuck in bad trades. We aren't giving money to nations that don't appreciate us and always vote against us. He let the UN also know there are agencies in it that we will no longer be funding till they change their ways. He let them know we'll take care of our country and they need to take care of theirs. Believe me, in the end, no one was laughing.

 

Obama just didn't intervened in the economy he interfered with the economy with over a thousand regulations on businesses and manufacturing that prevented a full recovery of the economy. The so called "Great Recession" ended in June of 2009 and there should have been a full recovery of the economy with in 12 months, 18 months max.

How Obama Is Keeping Small Businesses Down
March 25, 2014
https://www.usnews.com/opinion/econ...s-small-businesses-with-excessive-regulations

Obama's Legacy: 2016 Ends With A Record-Shattering Regulatory Rulebook

Today, Friday the 30th, is the last federal workday of 2016.

And the printed version of the Federal Register, the daily depository of all things regulatory, has topped off at 97,110 pages, by far an all time record.

Skips and blanks will lower the official count a tad later when the National Archives issues final data, but not by much.

That dwarfs last year's count of 80,260 pages, and it shatters the 2010 all-time record of 81,405 by 15,705 pages.

Indeed, the 2010 level was passed November 17, making each day since a new record-breaker.

It's true that the Federal Register is not a great gauge, since it's full of notices and such. But the sheer magnitude of it signals a new era in the Administrative State as opposed to a representative one, and a challenge to new president Donald Trump to do something about a runaway federal government.

We noted here last week that until Obama, ninety-thousand pages was unheard of. Up until this year, the 80,000 page mark shocked, having been passed just three times (in 2010, 2011 and 2015, all by Obama). In fact of the 10 highest-ever counts, Obama holds seven.

This chart shows the highest count of presidents since Gerald Ford, in ascending order.


https://www.forbes.com/sites/waynec...-shattering-regulatory-rulebook/#792b31691398

 

Donald Trump wouldn't recognize the truth if he tripped over it.

 

That LYING MISOGYNISTIC IMBECILE can barely write his own name.

 

Maybe with a crayon....

 

The basic 8-pack (maybe).

The 64-pack would make his minuscule brain explode.

 

https://www.cnbc.com/2018/09/11/tru...lower-the-national-debt-woodward-reports.html

https://www.usnews.com/opinion/econ...is-running-out-of-sources-for-borrowing-money

 

Nah, I thunk they were still pretty much laughing at his lying buffoonery.

 

As the article notes "It's true that the Federal Register is not a great gauge, since it's full of notices and such. But the sheer magnitude of it signals a new era in the Administrative State as opposed to a representative one, and a challenge to new president Donald Trump to do something about a runaway federal government."

First, while I agree too many regulations can be bad, the main purpose of the government is to protect people from each other, not to protect people from themselves. So it depends upon what regulations are being discussed.

Second, Congress is the Legislative branch. The President heads the Executive branch. Anyone who thinks Obama or any President passed all of those regulations by themselves needs to read the Constitution.

 

Please don't make yourself look worse.

 

When the Fed buys Treasuries, it is, essentially, printing money. The Fed began buying US treasuries AFTER the GR had begun and AFTER Obama took office (trace the US Treasuring line below in the Fed Balance Sheet) and STOPPED halfway through Obama's second term.



So, what's been happening to the Fed's balance sheet since The Trumpster took over? First, let's understand that while increasing the Balance Sheet can be inflationary, decreasing the Balance Sheet is deflationary. With the mass of the Balance Sheet built up, the Fed will have NO Problem controlling inflation for the foreseeable future.

When Trump took office, the Fed's balance sheet was $4,460,758M

Today it's $4,208,059M



Board of Governors of the Federal Reserve System (US), All Federal Reserve Banks: Total Assets [WALCL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/WALCL, September 27, 2018.

So, while Trump was growing the economy by 84% the Fed was bleeding off $252,699M in assets.

 

And yet, he whipped your asses!

 

Denial of reality does not alter reality one iota!

 

More conservative hysterics on your part. You make an excellent apologist for your anointed one.