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

Too funny. If FDR has actually implemented supply side the GD would not have happened.

 

Yeah, you go with that. Who was going to buy that "supply" ?

Every economist has said that the country could have survived the stock market crash if consumers had any money. The working class had no money to spend since wages had been dropping for years, therefor consumption stopped. Does any of this ring any bells

But you knew that.....

 

And there was an oversupply of agriculture and consumer goods.
Yep, just make it and they will come.

 

That’s a complete crock. Where did you come up with this moronic theory.

 

right wing "intelligence".

 

Of course those who believe that raising the price of something does not result in less consumption would respond as above.

What do you believe caused the GD ??

 

No, it wasn't.

Stock markets are irrelevant and function independent of the economy. There were dozens of recessions and depressions before the DOW Jones existed in 1896.

The stock market set record highs during the 1925 Recession and the 1928 Recession. It started declining in June 1928 when the recession ended and the economy was recovering.

The stock market set record highs during the 1960-1961 Recession, too.

When the economy was growing at 12+% per quarter, the stock market had once of its worst declines. In the 1970s, the stock market also lost 48% of its value for 694 days, while the economy churned along at 2.5% to 3.0% GDP growth per quarter.

If you try to determine how well the economy is doing based on the stock market, you'll always fail.

 

The data says what it says.

 

They can think whatever the want, but it doesn't make it Truth.

 

What Obamanomics was was a failed economic policy that failed to get us into a recovery and in many ways prevented us from getting into a recovery, a full recovery. A recovery which should have been VERY strong because of the depth of the recession. Instead we got slow growth EXTREMELY high unemployment and a plunging LFPR. We got out of it finally because of private business and private investors slowly coming back in as Republicans took back power. And we see how great the economy has been since they took back the Congress AND the Presidency.

 

Spending down debt would not stop a recession, and the debt has only grown $1.33 TRILLION.

 

June 2018 Jobs Report

"In June, average hourly earnings for all employees
on private nonfarm payrolls rose by 5 cents to $26.98.
Over the year, average hourly earnings have increased by 72 cents, or 2.7 percent. Average
hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to
$22.62 in June. (See tables B-3 and B-8.)"
chrome-extension://oemmndcbldboiebfnladdacbdfmadadm/https://www.bls.gov/news.release/pdf/empsit.pdf

2.7% and on an upward trend. Wage growth is also a lagging indicator. Sooooooo be careful how much you dismiss it.

 

Yes, The race is on.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis after rising 0.2 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.9 percent before seasonal adjustment.

They better go up. We just put 150 billion in tax cuts into the economy.
We might have been better off just to cut everyone a check.

https://www.bls.gov/news.release/pdf/cpi.pdf

 

But Trump was elected in part because Hillary ran on 8 more years of 1% productivity growth Obamanomics.

 

What exactly does it say ??

 

Nice rebuttal.

You should prolly crack a book sometime

 

What is concerning about the Trump economy (a president's control of the economy is greatly overstated) is how slow median wage growth has been given high job growth.

 

I noticed you keep talking bout a "slow recovery", yet you always leave out the part that put us in the recession in the first place.

hmmmmmmmmmmm

 

Hence......."we could have survived the stock market crash"

Are you arguing just to argue

 

depends on what it is.

going off the gold standard may have had something to do with it; a lack of understanding of economics, also had something to do with it.

it doesn't happen now, due to all of the social policies enacted by FDR, after 1929.

 

but, the rich got their bailout. and, they got a tax break, besides.

 

it says the economy has been on an upward trend since 2010.

 

Which book on the GD do you recommend.

 

What specific lack of economic understanding caused the GD ?? When did the US go off the gold standard ?? What FDR social policies prevent depressions ??

 

At 1% productivity growth under Obamanomics. That’s pathetic.