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

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

  1. MVictorP

    MVictorP Well-Known Member

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    Current economy is just as good for Europe, or China, or Iran, as it is for you yankees.
     
    Last edited: Jul 27, 2018
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    More money for me why shouldn't I celebrate?
     
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  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    ROFL so you're trying to credit Obama? Really???
     
    Last edited: Jul 27, 2018
  4. Quadhole

    Quadhole Well-Known Member

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    1.How much did real wages go up ? His answer, "they are expected too" Same as Reagan, Bush, Bush Jr, and Clinton.
    2. Real INFLATION has not been added since 1996. It has clicked along at 5% annually. Add it up, if you were making 30K a year then you should make 80K a year now. Your real earnings are 38K
    3. Deficit - Now included in the FACT the GDP is based on numbers, the GDP is stimulated with TAX cuts to the rich and a small cut to workers. That cut to the workers has been completely wiped out in Gas prices alone. Not including everything else went up 3% since the cuts. A loss total to all the workers.
    4. Does the GDP include his Golf outing, if so, should be revised to 8%
    5. It doesn't matter how much you pump it, all BS, just like all the past years and when guys like you were posting about the great numbers in 2005. (guys like you) if you were old enough then, you would have posted. If your under 30 then you have not a clue that this same scenario played out in 87, 2005/6 and now again. I really hope he makes it to the 2020 election and WINS. I really do, that way we get a MASSIVE Depression, just like the 1930s and all the knuckleheads will have to admit they are wrong again. The Bush debacle wasn't enough to turn an uneducated person into a reality check.
    6. You can't preach, pump, beg, wave a flag, etc. and think that will change the economy. You can put a 6% in front of the GDP, won't make a hoot to the worker that is losing more each day and sooner or later, the GOVT will be responsible for those people. That means your tax dollars will go to more than farm subs. for the billionaire commercial farmer. It will go to the people. Or they will come and take it from you, your choice.!
     
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  5. Quadhole

    Quadhole Well-Known Member

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    What did Trump do to change the GDP ? Cut taxes on the wealthy so that money came back into the system, by back stocks, that is the GDP #. You have to know what you are talking about first !
     
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  6. Pred

    Pred Well-Known Member

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    Obama inherited everything bad from Bush and Trump is inheriting everything good from Obama, even when the experts predicted Trump would destroy EVERYTHING he touches instantly. Remember, we're supposed to be fearing for our daughters right now and Nukes should have been flying by now. Gays should have been in camps and black people were supposed to be losing all their rights by now, if you listened to pundits in the MSM. The experts just keep rolling snake eyes. =)
     
  7. AlphaOmega

    AlphaOmega Well-Known Member Past Donor

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    Trump is dominating!
     
  8. Quadhole

    Quadhole Well-Known Member

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    So then who destroyed the economy that was so good in 2000 thru 2006 ? Who's fault was that when it fell apart in 2008 ?
     
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  9. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Trade deficit DOWN $50 billion in the 2nd quarter, AFTER the President TOOK ON the world's unfair trade practices against us.

    Nice to have a POTUS willing to GO TO THE MAT for US....for a change....
     
  10. Egoboy

    Egoboy Well-Known Member Donor

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    Feel free...that's what makes America great.. since 1776...
     
  11. ocean515

    ocean515 Well-Known Member Past Donor

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    No not. He be good businessman. He be willing to risk. He like other business mans. No risk, no reward.

    Henry Ford good business man? He fail three time before got right.

    General Motors go bankrupt. Bad businessman?

    New York City almost go bankrupt. Bad businessman?
     
  12. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Democrat policies...such as the CRA,( enacted by Clinton) allowing investment houses to trade in mortgage securities (Clinton Exec order), allowing Adm. officials to enrich themselves by immediately entering industries they regulated after leaving the administration (Clinton Exec.Order), and Fannie/Freddie PUTTING the TAXPAYERS ON THE HOOK for the LION's SHARE of SUBPRIME LOANS,becasue of the CRA, courtesy of Dodd, Frank,and Armey (all DEMOCRATS), after Democrats took over Congress in 2006.

    And when the INEVITABLE RESULTS of this ASNINE COLLECTION of CATASTRPHIC MOVES came due...."BLAME BUSH", naturally.
     
    Last edited: Jul 27, 2018
  13. Wolfpack

    Wolfpack Banned

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    Anyone but me remember how, 18 months ago, liberals were literally talking about how the world is going to end?
     
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  14. goofball

    goofball Banned

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    Obama's economy was anemic.

    I find it hilarious that people want to credit that clown for what is happening 2 years after he left office.
     
  15. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Cut regulations in businesses,and encouraged business expansion with cut to corporate tax rate.

    EXPLOSION in consumer spending due to the MIDDLE EARNERS receiving the largest % personal income tax cut (3-4%) of ANY INCOME BRACKET.
     
    Last edited: Jul 27, 2018
  16. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Total BULLSHIT. The economelt was ENTIRELY due to democrat policies and actions:

    Democrat policies...such as the CRA,( enacted by Clinton) allowing investment houses to trade in mortgage securities (Clinton Exec order), allowing Adm. officials to enrich themselves by immediately entering industries they regulated after leaving the administration (Clinton Exec.Order), and Fannie/Freddie PUTTING the TAXPAYERS ON THE HOOK for the LION's SHARE of SUBPRIME LOANS,becasue of the CRA, courtesy of Dodd, Frank,and Armey (all DEMOCRATS), after Democrats took over Congress in 2006.
     
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  17. Pollycy

    Pollycy Well-Known Member

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    Oh, "Trump is a show man"... and so you think that made him unable to do any better than a jive-ass, socialistic college teacher who never held a job in a private enterprise company in his life?! :nana:

    Guess again... we're on track to have the biggest economic gains in 15 years! Results are what matter! I know that's hard for Millennials to understand -- RESULTS! Everything else is 'woulda, coulda', wishy-washy bullshit....

    "As reported by the Commerce Department’s Bureau of Economic Analysis, the growth from April to June was the largest since the economy's roughly 5 percent surge in the third quarter of 2014, which was the greatest economic expansion since the third quarter of 2003." Link: http://www.foxnews.com/politics/201...t-growth-as-trump-touts-terrific-numbers.html
     
  18. Pred

    Pred Well-Known Member

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    I was being sarcastic=)
     
  19. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    I was wondering...my bad. Please accept my apology.
    Us late Cretaceous super predators are not always so quick on the uptake!
     
    Last edited: Jul 27, 2018
  20. jay runner

    jay runner Banned

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    A person would have to be crazy to vote for democrats and their backwards, failed economic ideas.
     
  21. MMC

    MMC Well-Known Member

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    :roll: Obama managed stagnation. At best.


    ROARING: GDP Climbs Above 4 Percent Under Trump.....

    [​IMG]

    The economy under President Trump is roaring and fresh GDP numbers prove it.

    According to data released by the Commerce Department Friday morning, U.S. GDP has climbed to 4.1 percent, finally breaking through years of Obama administration stagnation.

    "Real gross domestic product increased at an annual rate of 4.1 percent in the second quarter of 2018, according to the 'advance' estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent," the Commerce Department released. "The increase in real GDP in the second quarter reflected positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, federal government spending, and state and local government spending that were partly offset by negative contributions from private inventory investment and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased."

    [​IMG]

    On the 2016 campaign trail, Trump vowed to bring the economy back to at least four percent growth. Today, that promise has been kept.....snip~


    https://townhall.com/tipsheet/katiep...trump-n2504385
     
  22. Grokmaster

    Grokmaster Well-Known Member Past Donor

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    Nowhere NEAR this. If this maintains at an ANNUAL RATE of 3% or greater, it will be first time since 2004, if memory serves...
     
    Last edited: Jul 27, 2018
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  23. MMC

    MMC Well-Known Member

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    :roll:

    Another campaign Promise kept.


    [​IMG]

    You wouldn't happen to have a pillow I could use, would ya? :lol:
     
  24. jay runner

    jay runner Banned

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    We've only just begun.
     
  25. Grokmaster

    Grokmaster Well-Known Member Past Donor

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