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

Well. As far as I know, most of the US federal taxes go to the military.
And you want taxes to be cut?

 

Of course that happens. There are more people working every year. It's the fact that it is lower than expected that is driving the deficit.

 

When folks come off of food stamps and into full time work, it pulls the median down as marginal workers are pulled off the social safety network and into the labor force.

 

Trump's been President 652 days. Over that period he has not only doubled GDP, but he has run up the Federal Debt by $58,573,099,625.90 LESS than Obama did over his final 652 days.

https://www.treasurydirect.gov/NP/d...tYear=2015&endMonth=11&endDay=03&endYear=2018

 

2017 was done with still his economic policies. Trump was playing gold, remember?

 

But of course not. The minute Trump was elected, Obama’s policies ended. The economy and the markets act on the perception of what will the acting, activel current president does, for the next 4 years. On November 6 2016, Obama’s policies were no longer. The screwball Obama was no more. Let him be.

 

Seems like just the other day you were saying the sequester screwed up the military.

 

AKA forked tongue !

 

You count funny.

 

I count great.

You folks all assured us that Obama was doing fine on the Federal debt after the Financial crisis was over and that Obama had the debt under fabulous control.

Well, in the 652 days that Trump has been in office, the Federal Debt has increased by $1,736,667,097,379.00
And Obama's final 652 days the Federal Debt increased by $1,795,240,197,004.90

Trump slowed the rate of growth by $58,573,099,625.90 even as he doubled GDP growth.

https://www.treasurydirect.gov/NP/d...tYear=2015&endMonth=11&endDay=03&endYear=2018

 

Donald J. Trump is the hardest working man in politics.

 

I'm amazed at what he has accomplished. He wants get us back to 5% growth. So many problems we have worried about for years, disappear at 5% growth rates.

 

ROFL! Obama spent $1 Trillion.... GDP went down! You're hypothesis has data that makes it false.

 

So why are we comparing QTR reports to annual growth? There was 5% GDP report for the 3rd QTR of 2014, but that still didn't amount to 3% annual growth. Under the current rate, we're not expected to have a 3% annual growth this year either.

 

Seems you forgot the Bush crash. Selective memory?

 

The screwball Hussein Obama can't seem to stay off the election circuit.

Its almost like he's trying to pretend his "legacy" didn't gut the democrat party.

 

He's the James Brown of politics, and I love it.

 

Seems like you were dreaming again. What's your point?

 

The crash a year after the Democrats took political power? What did they do to stave it off or lessen its depth and length?

 

What economic policies? The Republicans had had majority political power after taking back the Congress in 2015. Was sequester an Obama policy? Was no more tax increases an Obama policy? Was stopping the flood of more anti-business regulations an Obama policy? Was stopping growing the welfare state with ever more lavish benefits an Obama policy?

 

Real hourly wages are increasing slowly because of declining productivity increases and increasing income inequality. Seattle has such a high minimum wage because rent is over $2200 per month and you just can't afford to live on just $20,000 per year. Chances are people who are earning $10 per hour, will be using government welfare programs just to be able to pay their bills, so by companies paying their employees less, they are shifting the burden on taxpayers. Seattle has an even bigger problem from the fact that even $15 per year isn't enough to pay the bills. That is a $30,000 income and even if their rent is at $1,500, that puts rent alone at $18,000 per year or 60% of their income. Businesses in Seattle are having difficulty finding low-pay workers who even want to live like that and are now considering automation.

 

Real hourly wages are rising at the fastest rate in a decade as I already pointed out to you and that rate is expected to increase. And the fact is the higher minimum wage is HURTING those workers as was predicted and has already been shown to you.

 

You should really learn to look at long-term growth rather than short-term and to consider more economic factor than just right-wring talking points. Here are some possible reasons why wages have slowed:
Slowing technology growth and slowing productivity.
Computers and robots taking jobs.
Global competition from low-cost foreign competitors.
Increased income inequality and more growth going to the top.
A growing skills gap and too many people getting unmarketable degrees.
Growing over-population and rising housing, transportation, and food costs.
A general laziness and lack of entrepreneurship and hard work from American youths.
Increased use of digital entertainment and just general gluttony and decadence.
An aging population that costs more to care for and works less.
Growing healthcare costs that are eating up wage gains.
The growing number of government regulation and rising state and local taxes.
Serious economic crashes like the double recession in the 1970s to 1980s, the 2000 .dom crash, and the 2008 global economic disaster.
Periods of high unemployment from the crashes above.
Rising debt (credit card debt, government debt, student debt) and reduced investment by middle class workers.
The decline of unions and pensions.
Infrastructure and public transportation.
Weakening family unit with family members who often don't help each other out and many single mothers.
Women entering the workforce increasing the competition for jobs.
The growing monopolies and market concentration of corporations in the US.
AND .... growing trade deficits.

You have to consider all the factors rather than just one.

 

All factors considered the economy is doing better now.

Consumers agree.