U.S. Economy Grows at Faster Than Expected 3.2% in First Quarter

I will.

Trump's only been in office for only a little over two years.

The Trump tax cuts didn't go into affect until February of 2018. So, its only been a little over a year since they've been in effect.

Be patient.

 

It never got strong under Obama. That might be one reason Biden told Obama not to even think of trying to help Biden. We told you and told you Obama was the pal of a part time economy.

 

No president should be given credit or blame for the economy because they don't really have much impact. Bush didn't create the great recession nor is he at fault for it. Obama didn't create the recovery and Trump certainly didn't create this growth. It was created and is the fault of the entire nation plus factors that aren't controllable by anyone.

 

So tell us how Obozo's 1% is better than Trump's 3%? Use your common core math. You libs could lose a race and then debate the winner was a tenth of a point slower than stated and how that makes you faster and smarter lol.

 

More importantly for Trump, despite the downward revision, the president can still boast of the first 3% GDP print (on a year over year basis). As the BEA notes, measured from the fourth quarter of 2017 to the fourth quarter of 2018, real GDP increased 3.0 percent during the period. That compared with an increase of 2.5 percent during 2017.
https://www.zerohedge.com/news/2019-03-28/q4-gdp-revised-lower-22-26-full-year-gdp-rises-30

 

Compare and contrast....two years into Obama, and four years into a Dem Congress...10 percent unemployment....then look at today, with that opposite. Amazing time to be an American, and it's great, making America great again!

 

Link?

 

I would HOPE that after near-trillion dollar deficits, we would get three percent growth.

 

The poster I was responding to was talking about ANNUAL GDP growth, not quarterly. Trump has not hit 3% annual growth.

If you want to talk about quarterly numbers, then this is the first time Trump has topped 3%. Obama beat 3% four times.
https://www.multpl.com/us-real-gdp-growth-rate/table/by-quarter

So now that you are clear on the actual facts, what part of what I said do you find amusing or untrue?

 

Obama had 5% growth at one point and near 5% growth several quarters. Trump hasn't managed that yet.

 

https://www.thebalance.com/current-u-s-federal-budget-deficit-3305783

 

This has to be because of all that Obama has done over the past couple of years!

 

I will.

 

Deficit spending in the context of a deep recession is logical -- it's classic economics. A trillion-dollar deficit after the recovery has already happened is the height of irresponsibility.

 

Excellent news - that's an outstanding number for a first quarter - and since my wife and I are now paying lower taxes we took the savings and contributed to that economic growth by a buying a new Mac.

Thanks Trump. Thanks Republicans.

 

The Democrats took the Bush/Republican 2007 paltry $161B deficit to $1,400B in just two years and kept it over $1,000B for the next 4 years and never hit 3% growth.

 

So the Democrats were irresponsible. The 2009 recession ended in June of 2009 yet the had trillion dollar deficits for the next 3 years and only cut because of Republican sequester.

Now convince me the current Democrat House will cut the deficit. Which current Democrats candidate for President are promising spending cuts and lower deficits?

 

It takes longer than 2 years to gut the Obama policies.

Have patience.

Of course, when it hits 4% you'll be saying it was "cuz Obama".

 

Yeah that Cash for Clunkers and Solyndra thing did wonders for us.

 

500 billion in interest a year is very very hard to overcome.

 

Because it highlights the failure of their own leadership and policies that produced 1.48% average annual GDP growth during the Obama years (fourth worst of all time).

And then there's this:



What a difference pro-growth leadership and policies make.

 

LOL. I wasn't comparing but trust me, you don't want to go there. LOL

Again, Trump has done a good thing in getting the Fed to re-look it's inflation predictions …. but like W he is creating a bubble econ with fiscal policy.

 

Figures from the Department of Commerce showed that a jump in hoarding raw materials and finished goods and an increase in government investment overcame weak consumer spending, a drop in housebuilding and low business investment to send GDP growth well ahead of the 2.2% in the last quarter of 2018.​

That does not seem like a solid basis for future growth

 

As did all the "stimulus" spending on "shovel-ready" jobs that Obama joked about when those jobs didn't materialize.

At least his supporters got paid off...

 

Why didn’t you feel that way when the Dems gave us over trillion dollar deficits and couldn’t get much over 2 percent??