Brilliant SOTU speech by President Trump! (2) for SB

I ruined the original thread trying to get some info in response to what SB came up with.  

He wrote about National debt of the USA under Trump and the fact that the growth rate under Obama was higher than under Trump.  Fact is the growth rate under Obama was in the years 2013 to 2016 was 1,8% per year - at resent it stands at 3.7% per year.   

Now lets look at the National Debt situation:- 

Under Bush it grew from $5.674 trillion to $10 074 trillion =   Increase $4.4 trillion

Under Obama it grew from $10,074 trillion to $19,573 trillion = Increase $9,499 trillion

Under Trump the increase for the first three years were $2.4 trillion.

Trump had to content with the massive increase in interest and redemption stemming from the debts incurred by Bush and Obama, as well as an increase in expenditure in upgrading the military equipment totally neglected by Obama during his presidency,

My advice to you is stop believing the tripe in the media and check the real data before repeating nonsense on site,   I can understand why the deficits under Bush went up - the Iraq and Afghanistan Wars cost trillions.   Under Obama the war costs were reduced - yet the loans went through the ceiling. Fact is that the Obama administration was totally corrupt and how much of that money disappeared would take years to find out.                        

Mike, poor sharktwit is one of the biggest fools I have encountered on the internet and you do encounter some crazy coots. 

The mong sucks on the CNN propaganda teat and so never gets to hear about the Trump economy. 

In THE SOTU President Trump spelt it out. Unprecedented success and the best is yet to come as the effects of the trade deals kick in. 

Nothing these anti American nutjobs can say. Trump just keeps wining for the American people. 

Poll shows 74% of Americans are optimistic regarding the future. An incredible stat when you consider where they were after the presidencys of traitors like Bush and the Muslim hussien obummer.

Landslide win on the cards in November 2020 as of right now.

Threats - Federal Reserve could try to tank the economy. Voter fraud.

Hall Of Fame

10571 posts

These are some alternate sources for deficit under Trump. Obama was also bad, but Trump has made it worse. 

Hall Of Fame

11599 posts

Trump makes less war, but he did pump massive funds into the military...as a deterrent...and together with behind the scenes diplomacy...working too.

"This one uses the Federal Reserve as a source)- who are probably the most trustworthy source possible"

Not necessarily...the FR has their own agenda, but the numbers are probably right....as long as the deficit is increasing less than the growth in GDP it shouldn't be a problem. 

Hall Of Fame

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This is the thread:

My posting above:

Brycy posting below: 

Rugby Legend

4537 posts

...So much winning with the federal deficit as well..

Federal deficit:

2009: 1.4 Trillion (Obama begins) 2017: $665 Billion (53% reduction)

2017: $665 Billion (Trump begins) 2019: $984 Billion (48% increase)

Hall Of Fame

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Trump's campaign pledges were to remove more Troops from the middle east and reduce national debt. 

Hall Of Fame

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Trump promised GDP over 3% as an election pledge:

1. In 2019- GDP dropped to 2.3%
2. In Q4 of 2019 GDP dropped to 1.9% 

Prez.O took over from Prez,B, 'nuff said.'

or..

Listen SB

Whatever you think I gave the true figures under anther thread,   Obama was a crook and squandered money endlessly,   The act is he was the one who caused the increase of the National debt by more than $9 trillion in his eight years in office.

Anyway the figures I quoted is really the same as the ones you got from the Reserve Bank - but your interpretation is BS.   The problem at present stemmed from the Obana administration unlimited spending sprees and the repayment is a major problem.  The ex cise about the credit crunch  is also imaginary,   Obama put $700 million into that and only in one year,   The rest was indeed a spending spree.             

Trumps policy is vastly different - withdraw the troops from foreign escapades, but strengthen the army and threaten to use the strongest army when needed.   He is trying to do exactly that - but when it came to his efforts in for instance Syria  you saw what happened in the media. 

By the way there is no way that the GDP dropped after 8 million new jobs has been created and especially  as  the workers  replaced import of goods in terms of Obama's trade agreements.   It just is not logical at all,   The increase in jobs that would not be added to the GNP is when it incurs in the public service with their drag on the economy and that is not the case in the USA.

Stop listening to the BS spouted on CNN and rather follow the real things that happened in the USA.  Fact is even at an increase in the GDP of 1,9% as you came up with it is higher than any increase in the Obama era - but as stated it is utter BS dreamed up by CNN and the media.   The fact is they use all kind of BS info to try and ensnare the voters to support the DP in November 2020,    

When did Trump attack Iran?????????????   Rumours about stock options????  If ever there was BS the latter is the top of the list.   Trump never attacked Iran and never intended to.  So his children would have known about it and not buy shares in imaginary companies.   This is the type of tripe one can read about in certain newspapers and made on CNN,      LMAO                 

1. GDP was around the same, maybe a slight edge to Obama.
2. Obama was reducing debt, Trump is increasing it. 

I never said the Reserve Bank figures on the National debt was wrong - I just interpreted it correctly and did  mot come up with the BS you came up with.   Obama did not do anything to reduce the debt and part of Trump who in his first years had to contend with the result of debt and repayments on the massive debts incurred under Obama.   Fact is that in the three years since 2017 the debt costs amounted to $1,8 trillion.  He had to borrow money to do so as any other way would gave destroyed the Government budget.  

As to economic growth the real figures under Obama reached 1,8% on 2015 - the highest it was under his administration.   His trade  agreements were undermining the USA and cost tens of thousands of job losses in the USA - the main reason why Trump won the Presidency in 2016.  Even if your figure of 1,9% for December 2019 is correct  it was still  higher than the Obama  regime ever attained.

The thing I said you got from the media is about the following:-

 "Rumours have it the junior Trumps put some stock options on a few companies days before the drone TV game toy got its target."       You removed part of the statement dealing with the non=existent war with Iran as a reason for the so-called stock options.

It is clear you have no clue how to deal with the Debt increase and GDP issues at all and when you try and interpret it you make total BS assumptions that is devoid of any truth.  The following is an outright lie and total BS:-

" Four whores and seven bankruptcies ago".....Fat Donny's Pettysburg address...

https://twitter.com/OnARantMan/status/1225077815323910146

The figures don't  add up. The stock exchange is normally a verry good indicator of .trust in the economy..skyrocketing since 8 November 2016. 

Unemployment...plummeting. 

Obama increased the debt by basically  100%, from 10 to 20 trillion, while adding nothing tangible in the lives of everyday Americans.  That means the actual deficit was 10 trillion dollars spread over 8 years, but the debt were spent to the benefit of other countries. 

In this time, the military and infrastructure deteriorated in the USA. Jobs and money went out of the country.

Trump has basically the same figures, but Jobs and money iare coming back to the country. He is building the Military and infrastructure abd creating jobs. Millions of jobs.

More people are sharing in the fruits of the GDP than under the previous regime. 

"Fat Donny" might be a philanderer and a rude arsehole to some people, but it is clear that he is trying to do the best for his country for whatever reasons...

Never in my lifetime has the interest into what's happening in America been so high.

Sometimes it takes an egotistical arsehole to do the right thing.

The deficit has got nothing to do with the economy, but with government. spendig vs income....and what the money is being spent on is significant too....and, BTW. from your own figures, the first 4Obama years had larger deficits than any of the trump years...and yes, I know Obama had to deal with the 2008 desaster, but we can't have this discussion without looking what the deficit was spent on. The USA is clearly better off than 3 years back.

SB 

Please go to the following website and the situation is clarified in detail.  

https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124

The foreign debt portion of the national debt comprises of especially the negative trade balances which rose rapidly as a result of the Obama Trade Deals that caused the USA to fall in debt to foreign countries.   That is the one aspect of trade deals Trump is trying to eliminate.   He tore up all the Obama trade deals that did nothing to protect the US economy.  If negative trade deals can be eliminated it would allow for reduction of the deficits.

As to internal debt the problem for Obama was that the DP lost the majority they had in the House in 2014.   The House refused to pass the budget unless what is called in the USA - "the pork" - is removed,   The "pork" is money allocated to States and counties represented by Senators and House delegates.   It is controversial because it was used as  vote-getters to get re-elected by the  senators and house members in elections.

Realizing the negative impact wanted the system to be changed to allow for upgrading of infrastructure according to a plan dealing with infrastructure development on a comprehensive basis.    He submitted the plan for inputs by the DP inputs and the result was a fall out.   The DP did not do its homework and submitted a one - page response and  Schumer and Pelosi stormed out of the meeting after Trump told them outright to do their job and stop with  their continuous since 2016 efforts to impeach him.

To date the DP has not submitted a response to the infrastructure development plan so as to get their inputs as well,   Until that plan is approved by the House the infrastructure neglect of the Obama years will continue.                         

SB

That may be you idea of what is going on - but not he view of the American people.  They are financially  a hell of a lot better off than they used to be under Obama.   In 2016 under Obama according to exit polls the voters stated as follows:-

Are you satisfied or dissatisfied with the situation as to where the country is heading? 

Urban voters        =     53%   DISSATISFIED 

Suburban voters   =    63%   DISSATISFIED

Rural voters         =    72%  DISSATISFIED,

When the voting patterns were analyzed 92% of the rural voters who indicate dissatisfaction voted for Trump,    

At this stage circa 70% of the Americans are happy about how things are going in the USA and are optimistic abut the future,  Those are surveys undertaken on a proven basis,    One can only assume that the USA residents know better as to what the situation is than the biased newspaper reporters and the experts see things.  

Theories can be interpreted based on how experts wants to use the stats,   If a negative  scenario is desired an expert will surely finds and use stats in such a way that he can promote his theory as being sound.     There is the old saying - 

Optimists see a glass of beer as half full - pessimists will see the  same glass as being half empty.   

That is often the case with financial evaluators as well.   Selective usage of stats is really not acceptable,            

Rural voters were  impoverished by four presidents in a row and ignored by them,  in the years involved the real income of people declined by 10%.   So did the income of the blue collar workers as well,   The latter was also the reason why they revolted against the political elite system    

They are voters who can at least count and not the educated imbeciles in Iowa who took three days to add up  less than a hundred thousand votes.

The voters will decide what is to happen and that is what the dictatorial Democrats are panicking about.  But since you are like the Democrats and do not want to see or hear what they need as important, you ar e welcome to talk tripe without understanding even the remotest of what it implies.   

Another nine months or so and we will see who is correct and tn we can discuss the issue again,   

The crap US economy according to the bright sparks on the left .......

@Ceradunce, who is that Trumpanzee creating a few charts? Lots of waffling to get to a few simple points