WINNING!! Third Quarter GDP at 3.5% – President Trump Continues to Reduce US Debt to GDP –

Do you ever say anything that is actually supported by evidence?


The trade deficit has been up under Trump.

 

So what? The other components of GDP have been up more than enough to carry the larger deficit and still double the GDP rate.

To get to 5% Trump will need to close the Trade Gap, and he's working his ass off to just that. Of course, a lot business was done to beat the new tariffs causing the spike that has you fascinated.

He's double GDP growth while slowing the debt growth rate, give the man time to work!

 

I get it.

Increasing the trade deficit is decreasing it.

Increasing the federal deficit is decreasing it.

Only in Trump fact-free world.

 

Now, if only Trump did not shoot himself in the foot by limiting the GDP growth by a 33 year record breaking 1.78% with his trade war.

https://www.businessinsider.com/gdp-trump-tariff-trade-war-us-china-2018-10

 

Seems obvious you're deflecting since Obamanomics are actually off topic, and you know it. You don't seem interested in discussing the fact that Trump's first year were the economics of Obama, since it took Trump that long to come up with something else. And what he does now, is lowering taxes for companies, and the rich. It's not generating more taxes, hence he needs to borrow a heck of a lot of money.

 

Actually you appear horribly confused.

There are several components to GDP. If you add enough to the other components you can increase GDP even while increasing the Trade Deficit.

If there were no trade deficit we would be in the 5% GDP range.

 

Wages and salaries ARE rising.

Lots of folks love overtime. They aren't slaves you know, work is plentiful and we are grateful for the work and hte extra money.

Yes it is. It's going UP!

No we aren't. GDP growth rates have more than doubled since Trump took over.

The Trade Deficit is draining GDP, Trump is working to change that.


That's all a subtraction from GDP. Without that subtraction, we would be at 5% GDP growth, and Trump's has his sleeves rolled up working to achieve 5% growth. He's only been at it for six quarters and he has already more than doubled GDP growth.

Give the man time to work!

 

What economics of Obama? The Republicans had taken the Congress and stopped the spending and in fact cut spending and stopped his and the Democrats anti-business regulation tidal wave even though he tried to skirt that with his EO's many of which the court said were illegal.

So again I ask what exactly is this Obamanonics you are comparing to Trump policies in this thread which is exactly on topic. And yes there will be a slight delay in shifting that revenue from the government to just hand out as free money and into new business investment and expansion and hiring which will as in the past result in more taxpayers earning more money and paying more in taxes. In fact income tax revenue even after the rate cuts is at record highs. The business tax rate cuts just take a little longer. They got a long way to go to hit the Democrats $1,400B deficit followed by three more years of $1,000T deficits. It's SPENDING that needs to be cut and Trump has already taken action on that, I do hope you support those efforts.

 

Not in Seattle where the minimum wage increase is cutting hours and they are still working up to the 15%.

 

I am talking about the entire country not just Seattle. My point is that looking at overall income alone doesn't necessarily mean hourly wages are increasing.

 

From your own gross wages we found that real wage growth under Trump was .8%. From the 2.9% wage growth in 2018 and 2.5% inflation we got a .4% figure.

So lets look at your hourly wage figure. In Jan 2017 average hourly earnings was $25.99. Now it is $27.24. CPI in Jan 2017 was 244.028. Now it is 251.994. So the current average hourly earnings adjusted in 2017 dollars $26.38. That is a 1.5% growth over 1.5 years or about 1% growth per year.
https://fred.stlouisfed.org/series/CPIAUCSL

So I am seeing a .8%, .4%, and 1% figure depending on how we measure. With 3% real GDP growth that means that the vast majority of growth is going to the top while real wages are growing very slowly.

I said that GDP growth has slowed down decade and you tried to refute me by showing me a 2 year growth. A 2 year trend does not refute a 70 year trend. The only way you are getting a doubling of GDP growth is by comparing to 2016, which happened to be a slow year for Obama's second term. Growth in 2017 was lower than 2014 and 2015, and in 2018 it will be a bit above 2015. Economists know the tax cuts will boost growth in 2018, but they think its going wear off and we are going to see growth gradually decline below 2%.

Here is GDP growth over several decades. That little bump toward the end is Trump and only recovers growth to what it was previously. As you can see, we are nowhere near the growth a few decades below but growth is a lot more stable at least.

 

June personal income tax collections were at record highs, after a major tax cut. That's not supposed to happen, at least if you're a liberal.

 

That's because of the negative trade deficit. Trump's working to fix it. He's only had six full quarters and he already doubled growth from Obama's final six full quarters, give the man some time to work!

 

Indeed, I expect the stock market would plummet as well.

 

Seattle is one if the few which has raised it and we see the results. And real hourly wages are increasing. Your point is trying to through crap against the wall that don't stick.

 

New jobs report and another good one 250,000 new jobs far exceeding expectations and LFPR up .2%.

Thank you Republicans and the President and business and investors.

 

The rate of increase is still much lower than at any point during Obama's tenure.

https://www.macrotrends.net/2496/national-debt-growth-by-year

 

I do not believe that especially since we are comparing 8 years of BO to not even two years of DJT. It is illogical to try and determinevand compare something like a change rate over such a short time.
Furthermore Trump promised control on sod ding, where is that control?

 

There ain't but one way out of the debt: A great economy with many more people working and less people sucking teat, plus spending cuts and stopping illegal aliens.

We're now on the right track. MAGA.

 

A great economy most certainly helps, but I want increased revenues going back into the private sector, not Washington.

We are on the right track but as you know we have got to get spending down.

 

Biggest teat suckers are them Jews in Israel. They receive billions.

 

Drudge right now...

 

I don't think companies pay personal income tax. And getting an personal income tax record doesn't mean crap, when the tax cut is far greater.

 

Federal revenue is through the roof.

Its what happens when the govt gets out of the way and allows people to work for themselves.

 

Why do you discount the fact that Republicans took back the House in 2011 and the entire Congress in 2015? It was Republican sequester and austerity that brought down the deficits.