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

Discussion in 'Budget & Taxes' started by US Conservative, Oct 26, 2018.

  1. Distraff

    Distraff Well-Known Member

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    But actual wage growth when compared to inflation is under 1%. 2.9% wage growth 2.5% inflation. The people actually doing better are the rich. This is what growth periods in the US are turning into. Wage growth is lackluster, and rising cost of inflation wipes out most real growth.
     
  2. Distraff

    Distraff Well-Known Member

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    No, its the non-inflation adjusted wage growth that is rising at a record rate for the last decade. Note that our 3% wage growth is still lower than the 3.5% growth of the later 2000s and the 4.5% growth of the 90s. Inflation wasn't very high under Obama and since it has risen a lot today with healthcare and housing costs spiking, real wage growth is actually insignificant under Trump.

    upload_2018-11-5_6-32-32.png
    upload_2018-11-5_6-33-1.png
    https://fredblog.stlouisfed.org/2018/02/are-wages-increasing-or-decreasing/
    https://www.bls.gov/news.release/pdf/realer.pdf
     

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  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    I already showed you over estimate inflation and under estimate wage growth. I already showed that those wage increases are expected to go even higher and inflation remain within the FED target range.
     
  4. US Conservative

    US Conservative Well-Known Member Past Donor

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    But wage growth??

    There are many factors indicative of a robust economy.

    And they are ALL going up.

    A stark contrast to the Obama years.
     
  5. notme

    notme Well-Known Member

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  6. notme

    notme Well-Known Member

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    The previous freedom and liberty theme got us the biggest world wide economic crisis since who knows, under GWB. And you can demand that a president got this magic wand and wave such an utterly colossal of a crisis away, but it doesn't work like that. Needless to say the year of 2017, was still a year where Trump did not implement any economic plan I am aware off. I have asked for this countless times now.
     
  7. Bluesguy

    Bluesguy Well-Known Member Donor

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    Last edited: Nov 5, 2018
  8. notme

    notme Well-Known Member

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    It says all over the place that taxes were placed. And here you say it has nothing to do with economics. lol
    You couldn't be more dishonest.
     
  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    Not that the Democrats wanted to call them taxes but that still doesn't make it an economic policy, that was just how they were going to pay for their failed healthcare plan. And call me dishonest again and your post will be reported. Debate the issue not the person.
     
  10. notme

    notme Well-Known Member

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    It's involves taxes. Deal with it. Seriously, what's next. Claim healthcare is free? lol
     
    Last edited: Nov 5, 2018
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    NOT AS THEY INTENDED and that doesn't make it an ECONOMIC POLICY BILL, deal with it.
     
  12. Zorro

    Zorro Well-Known Member

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    Obama claimed Trump would have to wave a magic wand to get the results he's gotten.

    The Problem with the Left trying to claim credit for Trump's economy is that to a person they predicted immediate disaster. Then instead when we boomed, now they are trying to claim credit.

    As usual the Left screwed themselves and are now whining over how screwed they are.
     
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  13. Distraff

    Distraff Well-Known Member

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    Inflation is 2.5% for 2018, and is only expected to fall because GDP growth is expected to fall in 2018 and 2019. Here is yearly inflation:
    2013: 1.48%
    2014: 1.63%
    2015: .12%
    2016: 1.27%
    2017: 2.12%
    2018: 2.53%

    Here is the data. Do the math yourself.
    https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

    Here are inflation adjusted wages. As you can see their rise has slown down significantly:
    upload_2018-11-5_20-34-5.png
     
  14. Distraff

    Distraff Well-Known Member

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    But inflation was 2.5%. So thats .6% wage growth. Also if you count benefits along with salary the growth was only 2.8%. So now thats only .3%. During Obama inflation ranged from 0% to 1.5% so it was a lot easier to squeeze in real wage growth.
     
  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    As already noted inflation is 2.3 and expected to fall.

    Your dancing on the head of a pin.
     
  16. Distraff

    Distraff Well-Known Member

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    Actually its worse. Q1 2017 is $385. If we measure from Q1 2017 to today it went from $351 to $355 in 1.5 years which is about .75% per year.
     
  17. Distraff

    Distraff Well-Known Member

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    Ok, lets take your 2.3% figure. With your wage growth at 3.1%, that is still only .8% wage growth. Republicans like to repeat, "3% GDP", but the reality right now is .8% wage growth. Its really surprising its this low given the tight labor market. Or people will talk about unemployment being 3.7%. But in reality the percent of the population employed went from 59.9% when Trump took office to 60.6% now which is a tiny .7% improvement.
     
  18. Bluesguy

    Bluesguy Well-Known Member Donor

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    2.3 and projected to fall, incomes rising faster and expected to accelerate more, LFPR improving, huge increases in manufacturing jobs, workers getting more of the growth. Yet you remain desperate to find something, anything to fault and everything you have attempted has been shown to be untrue.
     
  19. notme

    notme Well-Known Member

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    Good lord, of course it is as it is intended. Healthcare aint free, and they MADE people PAY against their will.
     
  20. notme

    notme Well-Known Member

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    Trump claimed that Obama claimed that. But he lied.
    https://www.independent.co.uk/news/...us-economy-twitter-us-president-a8532131.html

    I asked numerous times, buddy, what economic plans trump made in 2017. And it's crickets.
     
  21. Zorro

    Zorro Well-Known Member

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    upload_2018-11-7_14-48-25.jpeg

    I have answered your question, but you haven't answered my question: What is the purpose of the US economy?

    How in the world can you recognize an economic plan if you can't even identify the purpose of the US Economy?
     
  22. notme

    notme Well-Known Member

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    You think your freaking meme is a source that debunks mine?
    Good lord! lol

    I don't recall you ever mentioned what Trumps economic plan was for 2017.
    You only mentioned he did a talk the talk. It falls short of the walk the walk... as in legislation.
     
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  23. Bluesguy

    Bluesguy Well-Known Member Donor

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    Wrong they intended it to be a fee, Chief Justice Roberts said it was a tax. Which also made it unconstitutional since it originated in the Senate. And it remains a health care bill not an economic bill. What successful economic bills did they pass?
     
  24. Zorro

    Zorro Well-Known Member

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    I most certainly did and I asked you a question. What is the purpose of the US Economy?

    If you don't understand the purpose of the US economy, how in the world are you going to evaluate, or even recognise, and economic plan?
     
    US Conservative likes this.
  25. Distraff

    Distraff Well-Known Member

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    When we are trying to determine a trend, you do have to look back at 1977 and look at more than just 2.5 years. Even with your 2.3% inflation and 3.1% wage growth, that is still only .8% real wage growth which is very very low for a booming economy and a super-tight job market. 3.1% wage growth under Trump is lower than other boom periods like even the Bush boom with 3.5% wage growth, and the Clinton boom of over 4.5%. Growth than is higher than the levels under Obama but that isn't surprising since the economy has been slowly picking up steam and really started to take off around 2014. When factored for inflation Obama's second term actually saw better real wage growth because inflation was far lower. Our boom period is better to compare boom periods to other boom periods. From that view, we are trending downward.
     

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