Second-quarter GDP jumps 4.1% for best pace in nearly four years

Discussion in 'Current Events' started by Bluesguy, Jul 27, 2018.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    Good number good trends. Employment numbers looking great. The economy on a roll. Not too long ago when the Democrats had majority control we were told this number was not longer attainable. Well.....
    So lets here the left now complain we are growing too fast.

    Second-quarter GDP jumps 4.1% for best pace in nearly four years

    Gross domestic product increased 4.1 percent in the second quarter, matching Reuters estimates.

    Strong consumer and business spending as well as a surge in exports ahead of retaliatory tariffs from China helped drive economic growth.

    The last time the economy grew this quickly was in the third quarter of 2014.

    Gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber.

    The number matched expectations from economists surveyed by Reuters and was boosted by a surge in consumer spending and business investment. Stock market futures edged lower on the news while government bond yields moved lower.

    That's the fastest rate of the growth since the 4.9 percent in the third quarter of 2014 and the third-best growth rate since the Great Recession. In addition to the strong second quarter, the Commerce Department revised its first-quarter reading up from 2 percent to 2.2 percent.
    https://www.cnbc.com/2018/07/27/us-gdp-q2-2018.html
     
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  2. drluggit

    drluggit Well-Known Member

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    More winning. When the revised numbers come out in a couple of months, I look to those revisions to improve the reported number from today.
     
  3. GreenBayMatters

    GreenBayMatters Well-Known Member Past Donor

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  4. RichT2705

    RichT2705 Well-Known Member Past Donor

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    Good stuff.

    And this is why America wanted a businessman at the helm after 2 terms of community organizing.
     
  5. Brewskier

    Brewskier Well-Known Member

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    You don’t need to be a businessman to offer free **** to people and blame whitey, and that’s the future of our political system.
     
  6. s002wjh

    s002wjh Well-Known Member

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    nope economy was good and growing before trump was potus. now I will give trump credit on tax cut which help some growth, but that's about it. let see the economy growth after he continue putting tariff on various country, so next summer.
     
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  7. s002wjh

    s002wjh Well-Known Member

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    he filled bankrupt several time over. if you want businessman, there are plenty businessman better than him. Trump is a show man, he more fitted to run a tv talk show than running the country.
     
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  8. RichT2705

    RichT2705 Well-Known Member Past Donor

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    It certainly is what the Democrats are using as a Platform. I haven't seen Trump however do any of that, which was also very refreshing.
     
    Last edited: Jul 27, 2018
  9. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Last edited: Jul 27, 2018
  10. Grokmaster

    Grokmaster Well-Known Member Past Donor

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  11. s002wjh

    s002wjh Well-Known Member

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    wow, NK release remain that's HUGE, lol. come on didn't he said NK will dismantle nuke in NK in 1 year?
     
  12. therooster

    therooster Banned

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    Just heard on msnbc that this meand little ... lol... they cant give trump any credit at all. What a fake news hit squad.
     
  13. doombug

    doombug Well-Known Member

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    MAGA Winning!
     
  14. PeppermintTwist

    PeppermintTwist Well-Known Member Past Donor

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    Stop giving this traitor credit for the momentum he inherited just like you give him credit for being born with silver spoon in his lying mouth. :rolleyes: No one is profiting more than he and his grifter family off the backs of others just as he has done for his entire adult life.
     
    Last edited: Jul 27, 2018
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  15. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    The Soros sites are stuck scrambling AGAIN , to come up with their DENIAL/DEFLECTION talking points....get ready for a pile of Attack the Trump Family and Cohen Tape threads...
     
  16. Marcotic

    Marcotic Well-Known Member

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    Good news! Keep it up!
     
  17. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Uh-huh.
    dems use office to get rich.jpg


    sour-grapes-make-the-best-whine.jpg
     
  18. s002wjh

    s002wjh Well-Known Member

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    economy was good before he came, its like someone finish 90% of project ,then he finish 10%, and he take credit fro ALL. how dumb you guys can be. in 2016 unemployment already in low 4% and growth already increase and recover from 2008. The only thing trump did help was tax cut.
     
  19. Egoboy

    Egoboy Well-Known Member Donor

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    Sure he's happy... mo money for Trump... let's all celebrate that.. including Plastic-Pence behind him...
     
  20. Bluesguy

    Bluesguy Well-Known Member Donor

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    You just can't stand it can you.
     
  21. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Must suck to have to always DERIDE GREAT NEWS...

    Trump has TAKEN A LOSS being Potus, and still donates his pay...how did these other guys GET FILTHY RICH in the WHITE HOUSE?


    dems use office to get rich.jpg
     
  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    It was improving somewhat after the Republicans had taken back the Congress two years earlier but even then that mantra was 4% not even 3% was to be expected.
    You guys just can't stand it.
     
  23. Bluesguy

    Bluesguy Well-Known Member Donor

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    Ahh Europe just blinked. If tariffs against US products come down what then?
     
    Last edited: Jul 27, 2018
  24. GreenBayMatters

    GreenBayMatters Well-Known Member Past Donor

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    Really? This is was your expert analysis tells you? Strange none of the other experts predicted it. They should have hired you. Then they could have made a fortune in Trump's rising stock market, just like you did. You did, didn't you?

    [​IMG]
     
    Last edited: Jul 27, 2018
  25. MVictorP

    MVictorP Well-Known Member

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    Here in Canada, we do have a community organizer as Prime Minister yet the economy's never been that good in recent memory. same for the rest of the world. I think it's also a fact that the sun rises without needing Trump's order to do so, BTW.

    Today's economy is still the result of the past 5 years' efforts, apart for short-lived anomalies. What is being done in this domain today will only offer a clear picture in about 5 years' time.
     
    Last edited: Jul 27, 2018
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