Atlanta Fed's closely watched GDP tracker shows next to no growth for first quarter

Discussion in 'Current Events' started by Giftedone, Mar 9, 2019.

  1. AKS

    AKS Banned

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    I never said his intention was to hurt the economy, wtf are you talking about? However, the tariffs ARE hurting the economy. Who would have thought?
     
  2. hawgsalot

    hawgsalot Well-Known Member

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    Well if the tariffs are stupid and hurting our economy and Trump doesn't want free trade then why do you think he's doing it, in your OPINION?
     
  3. AKS

    AKS Banned

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    Again, if trump himself doesn't know why he's doing it, how the hell can I? Trump has made statements that are all over the map, it's crystal clear he has no gdamn idea what he's trying to do. I'm really not concerned with trumps intentions anyway, he's a moron. I'm only concerned about the damage he's doing.
     
  4. superbadbrutha

    superbadbrutha Banned

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    You're right low wage paying jobs.
     
  5. 557

    557 Well-Known Member

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    I think you are correct for some states.
    https://www.mercatus.org/statefiscalrankings

    But it doesn’t seem to work out that way consistently. Again my state is number one for financial health assets to liability but in the top 25% or higher (didn’t do the math) for number of state/local employees.

    http://www.governing.com/gov-data/p...ent-workers-public-employees-by-job-type.html
     
  6. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    [​IMG]

    Trump mean GDP growth rate.

    [​IMG]

    2009 to 2016 less than 2% mean GDP growth.
     
    Last edited: Mar 10, 2019
  7. Hoosier8

    Hoosier8 Well-Known Member Past Donor

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    Is it the historic low minority unemployment that’s got you down?
     
  8. Pollycy

    Pollycy Well-Known Member

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    I must have missed the part where Obama, with his own administration, ever CUT taxes on American businesses in the U. S.

    After eight long years of the "Messiah's" pen-and-phone reign over us, how could I have missed something so obvious...unless, of course, it never happened! Apart from extending and/or enlarging welfare-related 'Earned Income Tax Credit and Child Tax Credit' giveaways, Obama did NOTHING, and most particularly did he do NOTHING for American business people in private companies -- except for scammers and fraud-artists like those of 'green companies', like 'Solyndra'....

    When you mash all the air bubbles out of it, Obama ran the government's welfare handout department, and the Federal Reserve banking cartel ran the economy. It was really that simple. Obama did nothing with regard to the economy... the Fed did everything, including QE1, QE2, QE3, Operation Twist, squashing interest rates to zero, and all the other 'magic tricks' where the Fed rescued those it thought were "too big to fail", while it picked "winners and losers".

    Ya know what's funny? Trump's trying to have an active hand in running the economy (tax cuts, fixing international trade injustices, etc.), but he, too, is learning that somebody as relatively insignificant as a mere 'president' is always going to have to do what he's told when he's dealing with the Federal Reserve combine.... Remember, even some rich, big-shot New Yorker like Trump, who's worth $3.1 billion bucks according to Forbes, is nothing but a 'dog turd' to the almighty-god Fed! :dog:

    upload_2019-3-10_14-47-7.jpeg upload_2019-3-10_14-46-24.jpeg upload_2019-3-10_14-45-47.jpeg upload_2019-3-10_14-49-29.jpeg . "Hey, we've run your whole economy for decades -- and you never knew?!" :omg:
     
    Last edited: Mar 10, 2019
  9. Giftedone

    Giftedone Well-Known Member Past Donor

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    Nope - does it have you down ?
     
  10. grapeape

    grapeape Well-Known Member Past Donor

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    So you give Trump credit for what heppening, in your words, “under the fed”, but when Obama did it, he was just handing out money.

    Obama handing money to the poor is different than Trump giving it to the rich how again ?

    And FTR, Trump isnt doing anything to “help the economy”, he is helping the rich and screwing the poor. Tariffs can be a good thing, but not what Trump is doing. Proof is in the $12 BIllion $$$ bailout of farmers ever 6 months. And as I pointed out in an earlier post, 82% of Americans wages stagnated last year, while the numbers show that the tax cuts did exactly as designed, 60% of them went to the top 1%
     
    Last edited: Mar 10, 2019
  11. grapeape

    grapeape Well-Known Member Past Donor

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    GDP growth means nothing when wages stagnate. 82% of Americans got ZERO raise last year.
     
  12. Pollycy

    Pollycy Well-Known Member

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    Trump very pointedly and openly criticized the Fed Chairman, Powell, for another itty-bitty increase in interest rates in December. And you know what Powell did? He simply ignored Trump and kept the rate increase in place. The Fed couldn't care less what any 'president' wants. In retaliation, Trump evidently came close to firing Powell, but it wouldn't have made any difference, because the Fed 'insiders' would simply have pushed forward another Chairman very much like him... (the Fed has an endless supply of them).

    Now, there's plenty of evidence to show all the times and ways that Obama shoveled welfare and "subsidies" out to anybody who could swing it (and thanks to liberal 'case-workers' it never was hard), but when did Trump just give money to the rich? He didn't! Trump cut taxes in order to stimulate the economy and encourage private businesses to expand operations in the United States and hire more people. We and Japan had the highest corporate taxes of any country in the world. Are you saying that a tax cut was out of line?! :wall:

    Has it been working? Even in so short a period of time? The unemployment rate is continuing to fall -- through February it was down to 3.8%, and the labor force participation rate is increasing -- meaning more people are off their asses and trying to find work! Trump took on a more difficult job than just pandering to people and throwing out 'free stuff' like Obama did, but that was all a "community organizer" like Obama was capable of doing, and it always gets the welfare-voters voting for the political party that gives it to them!
     
    Last edited: Mar 10, 2019
  13. Smartmouthwoman

    Smartmouthwoman Bless your heart Past Donor

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    Are you one of those "not worth leaving my house for less than $20/hr" people?

    I had an unemployed son in law who used that line. It worked great when Obama was in office. Now, not so much.
     
  14. JET3534

    JET3534 Well-Known Member

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    What would help all of us is cutting the out-of-control spending. This isn't something a Democrat is ever likely to do.
     
  15. superbadbrutha

    superbadbrutha Banned

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    So what was the problem, why didn't Trump get them one? How many people have got a raise this year?
     
  16. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    News flash, wages are rising but still have not recovered to where they were when we started being subject to unfair international trade. While simultaneously opposing trade policies that benefit workers, the left thinks we should pay the retail employees 15 an hour..

    I'm convinced the only reason people oppose the tariffs is because they were imposed by trump, because otherwise the complaints make no sense.
     
  17. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Pollycy likes this.
  18. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    I guess when you can artificially increase the wages of those positions... sure that makes sense.
     
  19. ronv

    ronv Well-Known Member

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    I see you are one of those that want to blame someone or something for changes that others might call progress.
    Well I hate to tell you Obama was right. Those jobs aren't coming back because most of them were lost to automation and that is still going on.
    Did you forget what Reagan said?
    I'm not in favor of across the board $15 an hour, but I am in favor of an increased minimum wage. But in fact the states seem to be taking care of that for us. As a matter of fact, if not for the increases at the low end there would be almost no wage growth.
    upload_2019-3-10_18-6-1.png

    Just for the record we oppose the way Trump is trying to implement tariffs, quite honestly because it isn't working and a lot of it never made sense.
     
  20. ronv

    ronv Well-Known Member

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    No argument there. Is that why the unemployment rate has been virtually flat for the last year?
     
  21. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Wait wait wait. So, all of this hype about wages not keeping up with inflation, and minimum wage having to be increased, and no good jobs available to raise a family is... progress now?

    Uh. They were lost because we have imposed labor and environmental regulations that increase the cost of making ****. It really is that simple. Sure, automation will continue to have a toll, but let's not pretend the loss of US manufacturing was a result of the robots.

    I disagree.

    Our trade "partners" or trade "allies" use multiple tactics which create economic hardship here at home in an unfair global trade economy intentionally pushing the trade policies in their favor. China is downright the worst. From stealing intellectual property, having very little environmental regulations, and even manipulating their currency in order to sell goods back to the US in a format that disallows us from fair competition in the creation of those goods. And we just let them do it.

    THe United States has the Ace in the hole. We have LEVERAGE. Leverage is an important part of business negotiations. If the US simply stopped buying Chinese made products, they would be SOL. And they know it. As the biggest consumers in the world, countries WANT to sell to us they want to trade with us. However; we are getting a raw deal when the cost of that trading is detrimental to our economy due to their manipulation of systems to undercut us.

    The tariffs being imposed are intended to level the global playing field. If corporations want to move manufacturing to China because its cheaper, fine... but to do so, the cost of the product needs to equal what it would cost to build in the US if we intend on our labor and environmental regulations meaning anything.

    I bet you are a supporter of AOC's Green Deal. Yet, simultaneously allow US products to be manufactured in other countries that are quite literally ******** on Earth in order to suppress costs and pull economy away from the US. Then, as a real slap in the face, they sell that **** back to us. I mean, how can you have it both ways?

    https://www.cbsnews.com/news/inside-chinas-pollution-problems/
     
  22. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Unemployment simply won't get any lower in my opinion. Notice in each cycle as it starts to bottom out at effective "full employment" it levels off. Its harder to achieve lower and lower unemployment levels.

    [​IMG]

    Yes, short of war, I expect to continue to see it level off and hopefully stay at that lower point.
     
  23. ronv

    ronv Well-Known Member

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    I'm an engineer, so maybe I have a different view on what is progress.
    To me, doing more for less is progress. I'm not sure how you can see it any other way. I guess we could get rid of tractors and go back to horses. Is that what you want?

    I think this chart explains it.



    [​IMG]
    It's easiest to look at the Bush years because his crash is not a part of it yet.
    So today we produce about 10% more with about 5 million fewer people.
    That's not a China problem. They may be in there somewhere, but it's not the primary reason.

    For some reason the pollution seems to be part of the deal with industrialization. We had our share.
    [​IMG]

    And yes, if we simply stopped buying things we wouldn't have TV, computers. cell phones and Barbies. But alas, we are not as nationalistic as the Chinese so here we are just paying more for the same stuff. Good job Brownie.
     
  24. ronv

    ronv Well-Known Member

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    So how do you think we are going to increase GDP?
     
  25. ronv

    ronv Well-Known Member

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    Edit:
    Missed one. No I don't support OAC's green new deal. I'm a realist.
    But I do think we owe it to our kids to try and do something.
    But she is kinda cute and she really f***ks with the righties. :)
     

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