As Growth Slows To 1.9%, The Economy Is Falling Short Of Trump's Target

Wait, so you are stepping back then?

Now you are syaing "lowering taxes CAN help?"

WTF man, you kidding me? You are completely changing your argument and Trump obviously found that we "haven't hit the sweet spot" because our economy has skyrocketed.

Dear lord, you got to be kidding me

 

You have some really strange logic.
What does skyrocketed mean?
Numbers are wonderful things. You should try using them instead of your opinions.

 

No, actually I like a top bracket of 50%. It produces the highest revenue per GDP.
That is the healthiest economy.

 

With debt growth at ~5% of GDP, the Federal debt will be > $30 Trillion by 2024 if Trump stays that long.

Another prospective record for Trump? The 'yoojest' debt ever on this planet by 2024.

The stockmarket prices are a bubble that will burst when interest rates rise again.

 

Thread title; As Growth Slows To 1.9%, The Economy Is Falling Short Of Trump's Target

Opening Statement; GDP — the broadest measure of economic activity — grew at an annual rate of just 1.9% during the third quarter. That's a deceleration from the lackluster second quarter, when GDP grew at a 2% pace. At this point, it would take an economic miracle to achieve the 3.2% growth rate for the full year predicted in the president's
budget.

Source; President's budget, Mid-Session Review (MSR)
https://www.whitehouse.gov/wp-content/uploads/2019/07/20msr.pdf

The MSR forecasts a growth rate of 3.2 percent for the four quarters of 2019.

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In reference to revenues, I recently asked Bluesguy a similar question;

His quote; "After the Gingrich/Kasich and Bush43 tax rate cuts tax revenues exploded"

What does EXPLODED mean?

His response; Double digit revenue growth rates

Source; Thread title The Rich Really Do Pay Higher Taxes Than You, post # 98

My understanding of "exploded/skyrocketed"

U.S. Tax Revenue by Year

FY1992 - $1.09 trillion
+5.5%
FY1993 - $1.15 trillion
+9.5%.......…………………...…..IMO, from 5.5% to 9.5% is an explosion
FY1994 - $1.26 trillion
+8.1%
FY1995 - $1.35 trillion
+7.4%
FY1996 - $1.45 trillion
+9.0%
FY1997 - $1.58 trillion
+8.9%
FY1998 - $1.72 trillion
+5.8%....…………...……………...IMO, from 8.9% to 5.8% is an implosion, thus, after Gingrich/Kasich tax cuts, we had an implosion.
FY1999 - $1.82 trillion
+11.5%.....……...………...……….IMO, from 5.8% to 11.5% is an explosion
FY2000 - $2.03 trillion

https://www.thebalance.com/current-u-s-federal-government-tax-revenue-3305762















What does EXPLODED mean

 

Known factors that have slowed growth since the Mid-session review;

1. GM strike
2. Trump imposed more tariffs on China
3. Boeing 737 Max crisis
4. Impeachment?

What else?

 

The Eu is at 0.4% GDP growth in Q3 2019. So, it's difficult to grow in a global economy when major trading partners near (ing) recession. Also, the Fed waaay over tightened, and those rates are still too hi. We (US) had a liquidity squeeze just a couple of weeks ago.

 

True. And if that $24,000 had been invested at the start of Obama's presidency in a fund tracking the S&P, it would have been worth over $63,000 at the end of his presidency.

 

Good old Slick Willy.
And he did it while slashing the deficit.