U.s. economy surpasses 3% annual gdp growth for first time since 2005

Fred90

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Let's hope that this level of economic growth continues. Poor and average Americans very much need a strong economy.

'Magic Wand:' US Economy Tops Three Percent Growth Over Calendar Year, a Milestone Obama Never Achieved

As that paragraph references, from Q4 to Q4, US GDP growth exceeded 3.1 percent, which is better than any yearlong period during the Obama administration. The White House's Council of Economic Advisors tweeted, "for the first time in 13 years (since 2005), according to data from @BEA_News, we have hit 3.1 percent economic growth during a calendar year (Q4 over Q4)," and added this direct comparison:
 
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TexanStar

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Let's hope that this level of economic growth continues. Poor and average Americans very much need a strong economy.

'Magic Wand:' US Economy Tops Three Percent Growth Over Calendar Year, a Milestone Obama Never Achieved

As that paragraph references, from Q4 to Q4, US GDP growth exceeded 3.1 percent, which is better than any yearlong period during the Obama administration. The White House's Council of Economic Advisors tweeted, "for the first time in 13 years (since 2005), according to data from @BEA_News, we have hit 3.1 percent economic growth during a calendar year (Q4 over Q4)," and added this direct comparison:

That's a bit arbitrary is it not? I mean Q2 2014 to Q2 2015 under Obama was much higher.

But yes, if you want to look at only calendar years rather than any consecutive yearlong period, 2018 was higher and you may now commence your masturbation.

Welcome back from your second banning, I guess. Hope you can manage to stay away from the hate speech this time.
 

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FYI about where the 2.9% -vs- 3.1% numbers come from.

Opinion: How the Republicans moved the goal posts on GDP

Unfortunately for the pro-Trump spin machine, the best year-over-year growth in Obama’s presidency (3.8% from the first quarter of 2014 to the first quarter of 2015) is higher than the best year-over-year growth under Trump (3.1% from the fourth quarter of 2017 to the fourth quarter of 2018).
 
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deleted15807

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Of course not mentioned as it's a little inconvenient is Trump and his reptiles in Congress engaged in a reckless expansionary monetary policy with huge tax cuts during an economic expansion which is hardly the prescription needed. This is what you do during a recession not a growing economy. What can the government during the next recession? Cut taxes again? Hardly. There will be a huge price to pay for tossing gasoline on a fire. But they'll just blame Obama or Hillary.

Why US Deficit Spending Is Out of Control

Freddie won't mention the skyrocketing deficit under Donnie.
 

Fred90

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Of course not mentioned as it's a little inconvenient is Trump and his reptiles in Congress engaged in a reckless expansionary monetary policy with huge tax cuts during an economic expansion which is hardly the prescription needed. This is what you do during a recession not a growing economy. What can the government during the next recession? Cut taxes again? Hardly. There will be a huge price to pay for tossing gasoline on a fire. But they'll just blame Obama or Hillary.

Why US Deficit Spending Is Out of Control

Freddie won't mention the skyrocketing deficit under Donnie.

Do you hope that the economy crashes so that we can get rid of Trump?
 
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Perados

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Of course not mentioned as it's a little inconvenient is Trump and his reptiles in Congress engaged in a reckless expansionary monetary policy with huge tax cuts during an economic expansion which is hardly the prescription needed. This is what you do during a recession not a growing economy. What can the government during the next recession? Cut taxes again? Hardly. There will be a huge price to pay for tossing gasoline on a fire. But they'll just blame Obama or Hillary.

Why US Deficit Spending Is Out of Control

Freddie won't mention the skyrocketing deficit under Donnie.
The deficit defiantly should get mentioned.
The US saving rate is... well.
The US saving rate WAS 3% in 2018 - it IS NOW 6% in 2018 (method of calculation has changed)

So, let's say it's 4.5%...
The deficit is around the same percentage.

This means all US savings get used to finance the deficit. The result is, there is no own money left for business investments. If the US economy wants to invest, they have to get the money from abroad.

Should Trump realize his economical plans to balance the US trade, he could get the economy in serious trouble.

He has two options:

1. Reduce imports.
If imports get reduced, the consume would need to be satisfied by US products.
To achieve this, even more investments would be needed. As we have seen before, it would have to be foreign money. The problem is, reduced US imports mean reduced exports of other nations. These nations export less and therefore no longer have enough money to export it to the US.

The USA will end with less imports, without any compensation and therefore higher prices (inflation).

2. Increase exports
To do so investments would have to be done. Therefore money has to be borrowed... it has to be foreign money. But if they lend money, they can't use it to buy products... or if they buy the products they are no longer able to invest.
We will see overproduction in the USA, prices will drop and companies go bankrupt.


In both cases it will lead to economical problems and will take more than just a few years to balance out the new system, where the USA has a steady balanced trade.
 

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Do you hope that the economy crashes so that we can get rid of Trump?


No. We hope to get rid of Trump before the economy crashes, and before he incites civil war.
 

jacenx

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We need another Obamamamma so America will be totally destroyed.
Go get'em lefties. That'a teach Trump.
you want to live in a country in which you have to sell your house in order to afford going to the hospital ?.
France may have a big debt, but their healthcare is one of the best in Europe.
 

Thikn2velvet1

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you want to live in a country in which you have to sell your house in order to afford going to the hospital ?.
France may have a big debt, but their healthcare is one of the best in Europe.

France is turning into a shithole. 12% unemployment, 20% for young people, it just revoked a carbon tax and a wealth tax. Plus no one even owns a home to sell.

But France has “good healthcare.” What a dunce.
 
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Industrialsize

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Industrialsize

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France is turning into a shithole. 12% unemployment, 20% for young people, it just revoked a carbon tax and a wealth tax. Plus no one even owns a home to sell.

But France has “good healthcare.” What a dunce.
57.7% of people in France own their homes.
What percentage of French people own property? Rent property? | ESREA France
64.8% of people in the USA own their homes.
United States Home Ownership Rate | 2019 | Data | Chart | Calendar
Please use facts.