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 Well-Known Member

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    I don't watch cnn, msnbs. Or fox. Try thinking for yourself.
     
  2. BestViewedWithCable

    BestViewedWithCable Well-Known Member

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    Thats how i know your previous comment was bs.
     
  3. FlamingLib

    FlamingLib Well-Known Member

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    Last edited: Mar 9, 2019
  4. Giftedone

    Giftedone Well-Known Member Past Donor

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    Stopping the Trade war would help. The problem with artificially inflating GDP - through massive deficit spending rather than real economic growth - is that percentage increases on this this artificially inflated GDP are harder to get to ... sans increasing deficit spending further.
     
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  5. ronv

    ronv Well-Known Member

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    The fed based it's increases on inflation with a target of 2%. Every time it looks like 2% is in the cards they raise rates.
    That policy brings you back to tax cuts and tariffs.
     
  6. Giftedone

    Giftedone Well-Known Member Past Donor

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    That will soon change if the prognosticators have any credibility. Growth is expected to be slow in 2019.

    Regardless - your low unemployment claim has little to do with the fact that massive deficit spending which artificially inflated GDP - such that now we are in a GDP "pickle" of sorts. This massive deficit spending also supported job growth.

    I get that hardcore Socialist thinking has the seriously deficient and illogical idea that increasing Gov't is the way to economic prosperity - Is this what you are arguing ?
     
  7. Bluesguy

    Bluesguy Well-Known Member Donor

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    How? The increased trade will help. No sign government spending is having an artificial effect on GDP and nonsign it slowed this quarter but that is what the trickle-up supporters advocate. You oppose the Democrat propositions? And certainly they have no intention of cutting the deficits.
    I say elect more fiscal conservatives and vote out the RINO'S and Democrats what say you?
     
  8. 557

    557 Well-Known Member

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    Yes. Interest rates were kept low to prop up the Obama administration. Now the reverse is taking place. It is having a definite effect on my business.

    Very good post.
     
    Last edited: Mar 9, 2019
  9. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Excuses, excuses for why trickle down doesn't work. Nothing new there.
     
  10. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Yes. The problem is also giving more money through tax cuts to the ultra-rich, who don't spend or invest it. An economy where the few at the top have almost all the money and the rest has almost nothing cannot work. It is not rocket science.
     
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    Can't ignore reality and as the reports are noting we are having a labor shortage. I say lets tighten up on welfare and disability work requirements and get the LFPD back up where it needed to be. What say you?
     
  12. TomFitz

    TomFitz Well-Known Member

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    Because those are the states that subsidize you.

    EVERY Red state is a reciever state.
     
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  13. APACHERAT

    APACHERAT Well-Known Member Past Donor

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    You are aware that the GDP use to be calculated by the production of durable goods that are manufactured in America.
    Automobiles, trucks, guns, ships. planes, washing machines, refrigerators, air conditioning units, tools and dies. etc.

    Not by service jobs or clothes or shoes or smart phones that were manufactured or how many ears of corn were harvested or how many burgers were flipped or how many toilets were cleaned.
     
  14. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    In States with high taxes, they no longer can deduct state taxes over $12,000. If someone is making enough to pay over $12,000 in state taxes, they are the exact people the left WANTS to tax.
     
  15. 557

    557 Well-Known Member

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  16. highntight

    highntight Banned

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    I'm as middle class as it gets, and got nothing in my paycheck, I was hoping to get my cut of the pie at tax time, but no.
     
  17. ronv

    ronv Well-Known Member

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  18. 557

    557 Well-Known Member

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  19. Pollycy

    Pollycy Well-Known Member

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    Nonsense. The unemployment rate dropped yet again, and the labor force participation rate increased! And, yes, wages are up. What the hell do some of you libs expect... Utopia? Try how much the "grass is greener" in, say, North Korea.... Or, do you just want everybody to draw welfare or "subsidies" of a dozen different kinds, like nearly half the population did under "Messiah" Obama....

    [​IMG]. "My children... relax, take it easy, and enjoy all THE FREE STUFF!" :angel:
     
  20. ronv

    ronv Well-Known Member

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    Click on the picture.
     
  21. Zorro

    Zorro Well-Known Member

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    Well, we just had the best GDP growth in 12 years.
    [​IMG]

    Over the Trump Presidency growth in debt is up 7% over Obama's debt growth rate, BUT, Trump's GDP growth rate is up 68% over Obama's. And that's the key, Trump FINALLY has the GDP growing faster than the debt.

    Workers are doing the best in 50 years

    Even the Washington Post recently published: "Workers suddenly have more power to demand higher pay and better jobs."

    Those jobs are coming back. Wages are rising. Unemployment is at 3.8%, the lowest in 50 years.

    Workers getting fattest wage increases since the Onset Of The Obama "New Normal".
    The free market, unleashed from the control of the oligarchs. Under Obama, worker raises were stingy and while the rich did well, the workers suffered. Food stamp participation set a record. Under President Trump, 4 million people have gained financial independence and left food stamps because now they can feed themselves.
    THANK YOU PRESIDENT TRUMP for just letting us do what comes natural to us, BE GREAT AGAIN!
     
    Last edited: Mar 9, 2019
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  22. ronv

    ronv Well-Known Member

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    What shall we do with you?

    upload_2019-3-9_18-56-16.png
    https://fred.stlouisfed.org/series/A191RL1A225NBEA
     
  23. 557

    557 Well-Known Member

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    Thanks. So I’m correct by your data as well. Not all red states are takers and not all blue are givers. If you read my link it goes in to some depth on why as well. It’s like reconstruction is still going on, huh? I wonder what Florida would be like without retirees? Your article brought that up but didn’t break down the numbers.
     
  24. ronv

    ronv Well-Known Member

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    I think if you take out the swing states it's 100% isn't it?
     
  25. 557

    557 Well-Known Member

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    My initial response was based on knowing my home state is as consistently red as they come and takes about half what it contributes. I don’t really know about swing states you could certainly be right. It’s certainly an interesting topic. So many metrics...
     

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