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Trump's Economy Still Unable to Rise above 3% Growth

Discussion in 'Current Events' started by GraspingforPeace, Mar 28, 2018.

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  1. GraspingforPeace

    GraspingforPeace Well-Known Member

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    https://www.cnbc.com/2018/03/28/fin...ent-vs-2-point-7-percent-growth-expected.html

    "U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a surge in imports.

    Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, instead of the previously reported 2.5 percent, the Commerce Department said in its third GDP estimate for the period on Wednesday. That was a slight moderation from the third quarter's brisk 3.2 percent pace.

    ....."

    Where's all this growth that we were promised? Obama had better growth than this...
     
    GraspingforPeace, Mar 28, 2018
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  2. MolonLabe2009

    MolonLabe2009 Banned

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    This is 2017 Q4 GDP. The tax cuts didn't go into affect until January 2018.
     
    Last edited: Mar 28, 2018
    MolonLabe2009, Mar 28, 2018
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  3. zbr6

    zbr6 Banned

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    Except the actual annual GDP average growth never reached 3% under Obama.
     
    zbr6, Mar 28, 2018
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  4. Dutch

    Dutch Well-Known Member Past Donor

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    Right here

    THE U.S. ECONOMY GREW at a 1.9 percent clip during the final three months in which former President Barack Obama's was in the White House, according to a report published Friday by the Bureau of Economic Analysis.
     
    Dutch, Mar 28, 2018
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  5. GraspingforPeace

    GraspingforPeace Well-Known Member

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    Are you really trying to justify this paltry growth by pointing out one quarter from Obama's 32 quarters?
     
    GraspingforPeace, Mar 28, 2018
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  6. GraspingforPeace

    GraspingforPeace Well-Known Member

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    Did anybody say that it did?
     
    GraspingforPeace, Mar 28, 2018
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  7. Borat

    Borat Banned

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    Huh? 3.2% third quarter and 2.9% fourth quarter, that's above 3% for the second half of 2017.

    What is your problem again?
     
    Borat, Mar 28, 2018
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  8. perdidochas

    perdidochas Well-Known Member

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    Obama's best year (2015) he got 2.9% growth...

    https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/
     
    perdidochas, Mar 28, 2018
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  9. Covfefe

    Covfefe Banned

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    That ship has sailed. Now with stagnated wages, increased price of housing, increasing inflation, massive deficit spending, trade wars eminent ect.
     
    Covfefe, Mar 28, 2018
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  10. Dutch

    Dutch Well-Known Member Past Donor

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    Paltry? 3% is paltry? :wall:
     
    Dutch, Mar 28, 2018
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  11. Dutch

    Dutch Well-Known Member Past Donor

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    And now Ladies and Gentlemen, with the real news:

    Life is good... :applause:
     
    Dutch, Mar 28, 2018
    #11
  12. CourtJester

    CourtJester Well-Known Member

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    Trump's first year averaged 2.3%. Hardly meets his promised number. And the next quarter is projected to be below even the 2.9% number. Trump is obviously counting on his out of control government spending and debt to boost GDP but even that may not suffice.
     
    Last edited: Mar 28, 2018
    CourtJester, Mar 28, 2018
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  13. squidward

    squidward Well-Known Member

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    What was Obama's average GDP growth?
     
    squidward, Mar 28, 2018
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  14. Moonglow

    Moonglow Well-Known Member

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    Did Oblama claim he'd get a 5% GDP when running for office?
     
    Moonglow, Mar 28, 2018
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  15. Lando19

    Lando19 Newly Registered

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    TFW you complain about something Trump hasn’t done, dispite being in office for 15 months, when obuma had 96 months & didn’t manage to achieve it one single time.

    Your anti Trump derangement membership card is showing
     
    Last edited: Mar 28, 2018
    Lando19, Mar 28, 2018
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  16. MolonLabe2009

    MolonLabe2009 Banned

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    MolonLabe2009, Mar 28, 2018
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  17. MolonLabe2009

    MolonLabe2009 Banned

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    Weren't we told by the alt-left that anything that happens in a President's first year can be blamed on the previous President?
     
    MolonLabe2009, Mar 28, 2018
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  18. Moonglow

    Moonglow Well-Known Member

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    I doubt the economy can give us a high gdp output what with all the debt...and old markets that have been bored out and over used...
     
    Moonglow, Mar 28, 2018
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  19. Natty Bumpo

    Natty Bumpo Well-Known Member

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    Trump's United States is not yet so isolated that it is not sharing in the global prosperity, nor has the steady growth of the US economy that began eight years ago yet been checked by his trade sanctions, America-first tariffs, and resulting trade wars.
    His bloating the national debt will have its inevitable repercussions, of course.
     
    Last edited: Mar 28, 2018
    Natty Bumpo, Mar 28, 2018
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  20. Iriemon

    Iriemon Well-Known Member Past Donor

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    Iriemon, Mar 28, 2018
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  21. Iriemon

    Iriemon Well-Known Member Past Donor

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    Last edited: Mar 28, 2018
    Iriemon, Mar 28, 2018
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  22. Dutch

    Dutch Well-Known Member Past Donor

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    Dutch, Mar 28, 2018
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  23. Iriemon

    Iriemon Well-Known Member Past Donor

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    When did a forecast become actual fact?
     
    Iriemon, Mar 28, 2018
    #23
  24. truth and justice

    truth and justice Well-Known Member

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    Perhaps you should have looked at the latest forecast instead of the forecast from 3 month ago?

    The forecast is now 1.8%
     
    truth and justice, Mar 28, 2018
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  25. PT78

    PT78 Banned

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    Last edited: Mar 28, 2018
    PT78, Mar 28, 2018
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