Second-quarter GDP jumps 4.1% for best pace in nearly four years

Well, just as soon as conservatives give Obama any credit at all for anything, we can start giving Trump his back slaps... and we know he likes his back slapped.

In other words - never.

 

Maybe you can link up when the Peep had 4% or more GDP. As I don't recall that.

 

Let cut to the chase. What did Obama do for the economy? That's a real question. Many on here are informed much more that I so please enlighten me.

 

So, when the economy tanks in, say, early 2020, you'll blame Obama.
Got it.
Thanks.

 

How wonderful. It's great the economy is continuing to grow.

Quarter - Real GDP - % growth
2014q2 15,935.8 4.5%
2014q3 16,139.5 5.1%

But does anyone remember conservatives celebrating when quarters of 4.5% and 5.1% were achieved under Obama?

Me neither.

 

Bo the Peep got credit for getting Bin Laden.....he also gets credit for being da best utterer stutterer of them all.

 

1st Quarter. 2014.

 

EXCELLENT number, actually.

...we knew they were wrong. There was no reason to accept Obama's 1.48% average annual growth rate as "the new normal".

As for those who found the Left's "new normal" acceptable, Democrats are offering more of it in November...

MAKE AMERICA SUCK AGAIN 2018

 

That's great of course, but a lot has happened since the 1990s.

 

Explain how Obama's great plan is to credit when Trump has been shredding every one of his policies and actions since Day 1.

 

4.1% is excellent news, and the tax cuts are definitely part of it. However, between the tax cuts and China buying mountains of soy beans in preparation for the trade war, it isn't likely we'll see the same growth next quarter or that this will be the new normal. Keep in mind we got over 4% in a couple of quarters under Obama as well.

 

Why, because they listened to experts like Barney Frank?

The issue that day in 2003 was whether mortgage backers Fannie Mae and Freddie Mac were fiscally strong. Frank declared with his trademark confidence that they were, accusing critics and regulators of exaggerating threats to Fannie’s and Freddie’s financial integrity. And, the Massachusetts Democrat maintained, “even if there were problems, the federal government doesn’t bail them out.’’

Now, it’s clear he was wrong on both points — and that his words have become a political liability as he fights a determined challenger to win a 16th term representing the Fourth Congressional District. Fannie and Freddie collapsed in 2008, forcing the federal government to buy $150 billion worth of stock in the enterprises and $1.36 trillion worth of mortgage-backed securities.

 

Hey Dawg did you hear about the economy.

 

Right.

We sold a trillion dollars in soy beans last month.

 

hang on guys this is just all obamas success not Trum......
bwhahahahahahaha. I just couldnt finish it.

 

For the record:
At what point - year and quarter - does Obama no longer get credit for the economy?

 

What momentum?

Obama's 1.48% average annual growth rate?

Or the 1.49% in 2016?

Or the 1.9% in the 4th quarter of 2016?

No one's taking away Obama's credit for that...

 

it's amusing you still think random caps locks is in any way a rebuttal to demonstrable, historical fact.

 

The Fed was Obama's magic wand

The Federal Reserve's policy of artificially holding down interest rates is the real problem.
"Since the fall of 2008 and beyond kept interest rates artificially low, with its easy money policy that created an unsustainable boom. That fueled bad investments and now that the Fed is raising rates, those malinvestments are going to reveal and manifest themselves," says Murphy.

 

Oh, you mean under the Federal Reserve System? I don't honestly remember that Obama had anything to do with the economy at all -- except to keep a robust welfare system running full speed ahead. That was the job that Bernanke gave him to do, and Obama did it quite well, actually. You would expect no less from any socialistic, Left-wing Democrat....

 

Got a link, as all I can come up with is this.


Bouncing Back, Economy Grew 4% for Quarter - nytimes.com
https://www.nytimes.com/.../us-economy-grew-4-in-second-quarter.html
Jul 31, 2014 · Looking back over the last 12 months, the overall inflation-adjusted output of goods and services for the second quarter was 2.4 percent higher than the same quarter a year earlier, barely ahead of the average pace of 2.2 percent growth since the recession ended.

 

I thought it was Bush's fault.