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

Why can you not wait until the companies are here and the factories are up and running and hiring Americans before you give Trump credit for it?

You have ZERO unbiased, factual proof that things will get better...NONE. But still, you claim they will.

Fine - maybe they will...but I will wait until they actually do before giving Trump credit for it.

Why can you not wait for the proof before giving him credit?

 

delete

 

2010, 2012, 2014, 2015.

 

Conservatives "looked for" the same after the Bush tax cuts. We ended up $5 trillion more in debt, before the bottom fell out with the GR.

 

Only if you blaaaaaame Obama for the GR he inherited.

From 2010 on the average was 2.14%.

 

And Obama doubled that.

 

I blame Obama for his own failed economic policies.

1.48% average annual economic growth.

First president to fail to preside over a single year of 3% economic growth.

Fourth worst economic record in American history.

 

Bush inherited a good economy and a surplus budget.

Obama inherited the worst recession in 80 years and a deficit running at over a trillion dollars.

Do you have some point you're trying to make?

 

I'm sure you do. But austerity wasn't an Obama policy. That was the Republicans. Part of the plan:

Step 1: Obstruct and use control of the House to (*)(*)(*)(*) up the economy. E.g. Create as much uncertainty as possible by threatening to cause the US to shut down the government, default on its obligations, and wreck the economy. Add 700,000+ people to the unemployment lines by eliminating government jobs. Block every single proposal by the President to create jobs. Force austerity cuts in Govt spending to prevent or limit economic growth.


Step 2: Blaaaaame Obaaaaaamaaaaaa and count on the sheeple being ignorant and misinformed or simply blaming whoever is president.

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Looking at many of these posts, it seems like they are willing to trash him before he has a chance to see his policies take hold.

 

Please review Reagan's first year after the supply side economic policies were implemented. There will be your answer. And hang on to your hats.

Obama's average annual gdp growth was ~ 2%.

 

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Obama created a lot of jobs. Over eleven million of them. But because of the high corporate taxes and his record high regulations, he chased most of the good jobs right out of the country. Record high part time jobs. Sky high service jobs, where neither paid a living wage, much less support a family.

 

Sorry, but your attempt to blame Obama for the effects of the GR he inherited is hollow partisanship to me. Maybe others will find your position persuasive.

 

Con man Trump selling snake oil.................

President Obama worked to get American economy out of the Great Recession, when he took office GDP were in Negative territory.

He didn't claim it would be as Trump did "I see no reason why we don't go to 4, 5, and even 6%," Trump in a December Cabinet meeting. "And I don't want to go beyond that because then it will be criticized if we don't hit it."
President Donald Trump took the stage at the World Economic Forum in Davos on Friday morning with an announcement: "After years of stagnation, the United States is once again experiencing strong economic growth."

Meanwhile, across the ocean, the Bureau of Economic Analysis was releasing new annual numbers on the US economy -- economic measures that, historically, look incredibly average.

Those numbers showed the US economy grew by 2.3% over the first year of Trump's presidency, a mark that indicates faster growth than last year but, so far, still falls short of Trump's goal to hit 3% in GDP growth. It's also pretty average.

 

Please look at the gdp growth numbers for the quarters in the year that the Reagan supply side policies were implemented.

Obama's gdp growth averaged 2%.

 

And then he can look at that gdp growth numbers for the quarters in the years that the Clinton tax increase was implemented.

And look at the deficits too.

 

Obama's policies namely ObamaCare, Dodd-Frank, the so-called clean air regulations, and raising the small business tax 10% are responsible for the dismal growth. Blaming the R's for blocking more dumba$$ gov spending stimulus bills is ludicrous.

 

Those years were the recovery form the 41 recession. The economy really took off with the contract for America in which the cap gains tax rate was cut from 28% to 20% resulting in ease in moving capital and a huge increase in cap gains tax revenue.

 

Prove it.

Then you can explain your view on how this affected the economy when it was starved for demand.

Austerity:

Obama
Federal Spending increase, 2009-2014: -0.53%
Total government employment, 2009-2014: -540,000

Not Austerity:

Reagan
Federal Spending increase, 1981-1986: +46.0%.
Total government employment, 1981-1986: +879,000

Not Austerity:

Bush
Federal Spending increase, 2001-2006: +42.5%
Total government employment, 2001-2006: +840,000

source data
Expenditures: http://cbo.gov/sites/default/files/cbofiles/attachments/45249-2014-04-HistoricalBudgetData.xlsx
Employment: http://www.bls.gov/webapps/legacy/cesbtab1.htm

 

Conservatives claimed that the Clinton tax increase would wreck the economy and destroy jobs. Instead during the time of the Clinton tax increase we saw the longest sustained period of growth post WWII, a record 23 million additional jobs created, poverty levels dropping to all time lows, stock markets tripling even with the correction, the unemployment rate dropping to the lowest level in decades, real incomes rising for all income classes, and the best average annual real GDP growth since the 1960s. Oh yeah, and a then record deficit turning into a surplus.

Could conservatives be more wrong?

We saw the effects on the deficits when a Republican was selected to the WH and conservative got to pass the tax cuts they wanted.

 

He had 8 f-in years ... what he do ?

 

We've been through this before. I've provided the reading list.

The Obama economy was starved for production and consumer confidence.

 

When Obama took office the economy was tanking at a -9% real rate, losing 700,000+ jobs a month, unemployment was 7.8% skyrocketing upward, and the stock markets and housing markets were crashing in the worst recession in 80 years. The deficit was running at $1.2 trillion, soon projected to hit $1.9 trillion, the housing market was destroyed, and the economy was headed straight for a depression.

But by the time he left office, the private sector had added more jobs every month for a record 83 months in a row, stock markets were up about 200% from their recession lows, corporate profits had hit all time highs, we'd gained back all the jobs lost in the recession and added millions more, the housing market recovered, the deficit was cut by more two thirds, the unemployment rate has fallen from 10% to 4.9%, and over 16 million additional private sector jobs had been added since Jan 2010.

Only political partisan would ask "what he do?"

 

Most of that took place after Clinton triangulated and went supply side. The surplus was the result of the cap gains tax rate cut in part. And a reduction in the rate of growth of the federal government (The era of big government is over).

 

Complete nonsense. Shelves were full and there was plenty of stuff to buy. People didn't have the money to buy it or were afraid to.

Slashing hundreds of thousands of jobs when the economy is in a recession will hurt consumer confidence, no doubt.

No doubt that was part of the plan.