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

he did all but come out and say he wanted to smash private growth. you guys still voted for him. don't blame those that voted for someone that actually understands that private entities drive the us economy.

 

it's a good thing that job production is a worthwhile measure of an economy. do you have a graph showing percentage of job creation using selective statistics to "prove" this point? do you have a mean wage of these jobs produced as well?

either way, jobs is just a headline to capture votes. it's utter meaningless.

 

amen

 

It hooks Dutch and gets him aroused. Is that a gun in your pocket?

 

My friend,

I’m here just to make fun of your childish posts, nothing more. Carry on.

 

What I recall about obama, in his first run, is that he was promising his supporters that they would see their electric bills go and....and the idiots applauded that! I am thinking, WTF, are these people even listening to what the guy is saying?

In regards to economic growth, it is possible under trump but only if businesses that offshored to slave labor start coming back in good numbers. What we experienced under obama was the adjustments that always come after a recession or a crash, where the economy adjusts and loses its weaker players. And what we saw were a continuation of replacing living wage production jobs with part time, low wage service sector work. 8 years of this was really hurting working people and this is why sanders and trump had such a following. This is what I saw in my own area and I would think this was the case in many parts of america.

And unless we see businesses coming home, the idea of 5 percent growth is nonsense. Those day are gone as that is not globalism yields for america. It yields what we saw under obama. I see it is simple common sense.

 

Do you search the web for Trumporn ??

 

The US GDP isn't projected to grow to 3%, not now, and not in any year to 2060. Trump's tax cuts are based on higher growth than we are projected to ever see, at 4%. So, they will not pay for themselves.

Here are the projections:

2018- 2.76
2019- 2.46
2020- 2.56
2025- 2.40
2030- 2.28
2035- 2.04
2040- 1.82
2045- 1.66
2050- 1.54
2055- 1.43
2060- 1.35​

Here's the link- scroll to the bottom of the page for the US.
https://knoema.com/qhswwkc/us-gdp-growth-forecast-2017-2022-and-up-to-2060-data-and-charts

 

Getting mighty close and was revised upwards.

 

Yeap that was pretty bad timing on his post lol. Expect him to be saying it was Obama who has gotten us so close to 3% in a year and a half.

 

Projections to 2060 ??

 

When you think about it, that's only 40ish years forward. Don't we make economic decisions that impact the future more than just a couple of years? NASA just fired up thrusters on Voyager 1, that have been unused for 37 years, and they worked. Long term planning requires projecting deeply into the future.

It would have been a good idea to check the real GDP projections before passing a tax cut requiring 4% growth, when we aren't expected to have a 4% growth. Maybe we need to do some correcting, since we're set to borrow a trillion dollars this year, $300 Billion this week, because of the tax cut. How deep in debt do we want to go? We can't keep pretending the tax cut is paying for itself. It isn't, and it won't. Most Americans aren't seeing the tax cut, but they sure will feel the debt, especially as inflation rises.

 

Stop spreading lies.

It's NOT Trump's economy.

Trump has done nothing yet to have any influence over the economy. And what he has done won't take effect until sometime in 2019.

We are still in Obama's economy.

 

Well...then I guess Trump is a 'liar':

White House claims credit for January (2017) jobs report

http://thehill.com/homenews/administration/317791-white-house-claims-credit-for-january-jobs-report

 

2009 to 2016 less than 2% mean GDP growth.

 

It takes a while to clean up 8 years of damage.

 

So 9/11/2001 was Clinton's fault because we were still in Clinton's budget?

 

Mighty close?

The GDP growth for all of 2017 was 2.3%.

https://www.zerohedge.com/news/2018-03-28/q4-gdp-revised-sharply-higher-29-us-economy-grew-23-2017

And GDPNow estimates Q1 2018 growth at 2.4%.

https://www.frbatlanta.org/cqer/research/gdpnow.aspx


That is not 'mighty close' to 3% in my book.


And save the 'Q1 2017 is not Trump's responsibility' meme.

Trump himself took responsibility for January 2017...so 2017 Q1 is his - like it or not.

http://thehill.com/homenews/administration/317791-white-house-claims-credit-for-january-jobs-report

 

When the baby boomers continue retiring en masse, expect the GDP growth to be timid. They haven't saved well and will most likely curb spending when they stop working. Nothing Trump's little tax cuts can do for these kind of demographic shifts.

 

Well when unemployment is at 10% and the LFPR is at historic lows so that you have millions of people out of work and then compared to having full employment with rising LFPR under which scenario to you expect to CREATE new jobs. When you have millions begging for them or when you have a short supply labor market.

BTW
U.S. Jobless Claims Decline to Lowest Level Since January 1973
https://www.bloomberg.com/news/arti...ms-decline-to-lowest-level-since-january-1973

 

Yes 2.9% is mighty close to 3.0% don't you agree?

 

Are the anti-Trump clan wanting their economy to do bad?

 

I think the reduction in corporate taxes could bring a lot of white collar jobs to the US.

 

Did Reagan or Clinton check economic projections by academics using models which assume a functional relationship between human behavior and tax rates, regulation cutbacks, welfare reform, ... ?? No they didn't because economic projections based on models are fundamentally useless.

 

Plus ~ 800,000 rejoined the work force last year which is the largest number in decades. Consumer confidence is also at highs not seen for decades.