GDP for 2018 was never 3%, we had quarter reports that exceeded 3%, but we haven't had a full 3% year since 2005. The lowest year we had since the recession recovery was 1.6%, once again people fail to understand he difference between annual growth and quarter reports 2.9% was 2018 annual growth, that graph does not go into 2019. Once again, the 2.1% number in the OP is 2019's second quarter report. We won't know the annual growth for 2019 until 2020 We literally haven't had a 3% year since 2005, since then we've only been able to exceed 3% in our quarter reports
What I said was crystal clear. Your claim was false. I gave you a citation showing that. You reading it or not doesn’t make you any less wrong. I’ll give it to you again........https://financialservices.house.gov...11/timeline_for_fannie_freddie_regulation.pdf
No, the cause was republicans refusal to regulate, as I proved. https://financialservices.house.gov...11/timeline_for_fannie_freddie_regulation.pdf
If you have something to say from your link then say it, copy and paste, else stop wasting my time with your fallacious claims rabbit hole cites and non responses to rebuttal of your assertions. Now man up and respond to my direct questions to you else runaway.
Actually they just revised 2018 down to 2.5%, which kind of puts it in the okay category. But it doesn't look very good when you consider 0.75% of it was bought on credit.
There were some erroneous Fake New Reports, if you looked at the quarterly reports and annualized them, it showed 3%, but, if you looked at the annual report (the right report for annual numbers) it was 2.9%. Not a bad showing, it was only the 3rd time in 12 years that we hit 2.9% and we haven't exceeded 2.9% in 13 years. Obama's final exit number in 2016 was 1.6%.
Except now it's revised downward to 2.5%. The economy slowed down in the second quarter of 2019, according to the latest release of economic data from the Commerce Department — a fact that says less about an impending economic downturn than it does about the way President Donald Trump’s promised supply-side supercharging of growth hasn’t materialized. In addition to the growth rate slowing to 2.1 percent in the second quarter of 2019, government statisticians also revised downward their previous estimates of 2018 growth. None of this is necessarily cause for alarm, despite other worrying economic signs that people like Sen. Elizabeth Warren are flagging. The new estimate for 2018 of 2.5 percent inflation-adjusted growth in GDP is fine, and though the 2.1 percent growth in the second quarter of 2019 is a bit disappointing if you average it out with the 3.1 percent growth from the first quarter of the year, it’s also still fine. But by the same token, growth in 2016 was fine. New GDP data confirms Trump’s tax cuts aren’t working https://www.vox.com/2019/7/26/8931569/gdp-q2-trump-tax-failed It will take the charts a while to catch up.
What I said was crystal clear. Your claim was false. I gave you a citation showing that. You reading it or not doesn’t make you any less wrong. I’ll give it to you again........https://financialservices.house.gov...11/timeline_for_fannie_freddie_regulation.pdf
2019 Revenue and Deficit estimates are already off by 2% of GDP for Pete’s Sake! Thus, Trump’s growth economy has yet generated the needed revenues/lowered the deficit, and only the below average intelligent people believed Trump’s tax cuts would generate 4/5/6% Annual GDP growth rates.
Bush tried but was stopped by Congressional Democrats like Barney Frank, who said he wanted to roll the dice a bit more.
You should actually read the link. It shows republicans killing every single bill from 2001-2007 attempting to regulate fanny and Freddy. Republicans directly caused the crash.
