WINNING!! Third Quarter GDP at 3.5% – President Trump Continues to Reduce US Debt to GDP –

The economy had barely been keeping its head above water after the Democrat policies had failed to ever get us into a full robust recovery.

 

That is labor force growth not population growth. People being born now won't be in the labor drove for more than a decade.

 

Thank you, President Obama, for setting up such a robust recovery that it's taking Dirty Donnie and his Republicans such a long time to trash it.

 

So IOW you can't explain in simple terms what was Obamanomics and then discuss them. And I would remind you that Obama was lame ducked by 2016 when the Republicans took back the balance of power.

 

Ongoing unemployment claims are the lowest since 1973. So I'm supposed to believe that's losing?

The propaganda of the MSM ain't working.

 

The lack of wage growth in the era of Obama-The-Unfortunate was key missing agreement. So nice that wages have finally broken out under Trump!

But heh, you double GDP growth and great things are bound to happen!

Poor Dumb Obama, spent both terms blaming Bush rather than doing the job and now he is desperately trying to claim credit for Trump's amazing economy.

 

Obamanomics was Trickle Down Government spending. They claimed that lavishly spending on Government Workers and projects like Cash For Clunkers would trickle, but, Trickle Down didn't Trickle!

And after 8 years of the Left trickling on the American Workers we elected a REAL President who is doing an amazing job!

 

I've yet to hear anyone explain what in so-called "Obamanomics" actually worked.

 

I wish I had had a complete clunker to tow in with a yellow rope and profiteer $1500 off President Obama.

 

I remember a ways in when it was clear Obama's horseshit wasn't working for the economy when his advisors started saying that this might be a secular rather than a cyclical slowdown.

You see, if its cyclical, its temporary and will go away on its own, so their plan was to implement all this Authoritarian Socialism and then when the economy got better on its own, claim they had "saved" it.

Anyway we survived Dumb and Dumber and now we have a REAL President for a nice change after 16 years.

 

ROFL oh I forgot all about that one. And what did it do? It DROVE UP the price of the cheap used cars low income people have to purchase. Just another example of these idiots who get some political or social degree sitting in conference rooms in government offices coming up with "schemes" and "OH wouldn't that be nice to do" without the knowledge to know what will be the actual repercussions.

 

Small tow truck operators who generally buy non-running cars for cheap with cash and make a small profit on them (people realize they're never going to fix them and just want them out of the yard) were towing them in with their personal SUV's for the big money.

It takes a lot of money to maintain a tow truck and they all got in perfect mechanical condition that year, delayed maintenance done.

 

I remember economist and political pundits warning the administration this is a scheme that will backfire on you and actually hurt the people you are trying to help. Recall there was also a "global warming" aspect to it to.

 

Actually the labor force since 2010 has been growing faster than the population so its even worse. In a response to Zorro on page 10, I factored in labor force and found that real wage growth was about 1.1% under Obama and about .8% under Trump. You just have no evidence at all that it was worse under Obama.

Lets use the most current numbers when looking at the inflation rate. Here is monthly inflation data:
https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

Using monthly data, inflation is about 2.5% and rising. While 3.1% growth for a single quarter is great, it has very little impact because its just a single quarter. We need to average out the year so far which is about 2.9%. So thats about .4% in real growth using this calculation. That isn't much better than Obama because even though his growth was lower, his inflation was lower too.

 

Currently wage growth over 2018 is 2.9% and inflation is 2.5%. That means that workers are only getting about .4%. Most of that GDP growth is going to the rich.

 

They sold the clunker for big money and put the money down on a new big V-8 SUV @ 5400 pounds curb weight empty. Filled it up and that's 5650 pounds.

 

If I making more what the fk do I care? Sorry, your outlook only works on those twisted with envy and jealousy and the American People aren't generally in the grips of either vice. That's why the attempted salting of grievance in order to stoke Authoritarian Socialism keeps failing here.

We generally are simply too grateful for our freedom and liberty to fall for that silly horseshit.

 

Real wages just holding steady is so much better than when real wages were going down.

By my average Joe datum definition that's WINNING.

And don't forget all those crumbs and bonuses.

 

Especially since we are actually beating inflation. Inflation is a set basket of goods, with more money we can always make substitutions and enjoy more!

Besides, this run of rising wages still has a lot of leg left to run!

Though depending on how much the tariffs bite, we may need another Middle Class tax-cut to offset the additional revenue going to the treasury in tariffs.

 

When you've busted through the line of scrimmage run the open field with leather balls.

 

You are only making .4% more. The problem is that the economy is booming but for workers, their pay isn't rising. Its even worse when you consider that a big reason wages are growing is that people are working more hours. Their actual hourly pay isn't changing. We are faced with an economy whose growth is slowing decade by decade and most of the gains go to the top. These are two big problems that are killing the middle class.

 

Actually it declined between 2010 and 2012 and barely advanced until the Republicans started taking back political power. I have given you the inflation rates several times and they are moderate at best and expected to moderate even more with wages rising faster.

 

Nice to be scoring touchdowns again!

 

Total horseshit. Over Trump's first full six quarters he has already more than doubled GDP growth rates, give the man time to work!

He pushing with all he has to get us to 5%, but that will take closing the trade deficit which he is hard at work on.

 

If the Democrats pick up the House of Representatives, I fully expect the GDP to take a hit as confidence by those that actually produce in our country will slip greatly and they will cease to spend.