LMAO!
Bozo demonstrating yet again that he has all the best words.
Best economy too! Going from strength to strength. I wish our clowns were a fraction as competent at the things that really count...
What a legend Trump is!
Meanwhile...
Trump's approval ratings reach all time highs.
Rooibozo's credibility reach all time lows. What a nutjob the rooibozo is!
People are raving about a 1.1% -2% GDP growth rate? This is very average. Obama had years with much higher GDP.
Unemployment is very low, but somehow this is not reflected in GDP. It might be that Trump's Tradewars have just created more local employment opportunities.
Also, Trump keeps slashing interests rates to boost economic growth , and part of his election promise was that he clear the US debts. He is increasing debts at a faster rate than Obama.
A growing number of American economists are bullish about growth in the coming year.
The National Association for Business Economics said in a survey released Monday that 67% of respondents expect America's gross domestic product -- the most complete measure of the nation's economy -- to grow by 1.1% to 2% this year. A growing number of respondents (30%, compared to 20% in October) expect even higher growth of up to 3%."Also, Trump 1. keeps slashing interests rates to boost economic growth, and part of his election promise was that he clear the US debts. 2. He is increasing debts at a faster rate than Obama. "
"A growing number of respondents (30%, compared to 20% in October) expect even higher growth of up to 3%."
And the source is CNN, so it's probably slanted against Trump too.
Rooinek the only know "Arse Kisser" is a Democrat running for President.
You know the guy the ex-mayor of GloryHole and full time "SUCKER" called BOOTY.
For all other snowflakes who require a quick reference on any information with respect to President Trump can be fast checked on the following sites:
Ignorant-max-waters@.homeless.usa or PencilNeck@allwrong.usa. or you can wait until March when Bolton's book is released.
Happy surfing Snowflakes.
Barack Obama: Added $8.588 trillion, a 74% increase from the $11.657 trillion debt at the end of Bush’s last budget, FY 2009.
Hall Of Fame
10571 posts
Jan 11, 2020, 18:52These are some alternate sources for deficit under Trump. Obama was also bad, but Trump has made it worse.
Hall Of Fame
11599 posts
Jan 11, 2020, 19:23Trump 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.
This is the thread:
My posting above:
Brycy posting below:
BrycyRugby Legend
4537 posts
Jan 11, 2020, 02:38...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)
And then there’s the other side of the debt coin, lost in all this......during Trump’s term the household debt to income ratio has dropped from 77.9% to 74.9%. Benefiting from lower taxes consumers are improving their balance sheets.
Household debt at $14 Trillion approaches national debt at $19 trillion. So that percentage drop in the debt to income ratio is worth $560 billion.
And the additional $220 billion spent on the military would have been dwarfed by that improvement in consumer debt......were it not for the inevitable march of Democrat entitlements.
These are a few sources for GPD Growth of the US.
There is not much significant variation between Obama and Trump in any of them.... They are all slightly different, but the general consensus is the same.
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=US
Trumps initial period had a higher GDP than now. He cut corporate tax and reduced state service expenses like health.
https://www.macrotrends.net/countries/USA/united-states/gdp-growth-rate
https://www.multpl.com/us-real-gdp-growth-rate/table/by-year
Obama had a higher GDP in 2014 than in any years of the Trump era. And Obama was reducing national debt as well- and he had to recover from the credit crunch after 2009.
And Obama provided more states services like Obama Care.
All the data sources I have provided concur that it is a fantasy that Trump is growing GDP. He is certainly undoing Obama's work of reducing the national debt.
Trump is a conman. He goes on live tv and claims he is setting new records this is pretty much BS.
Investing in military weapons are deteriorating assets that lose value each year. This is Trumps toy aeroplane collection. What did America get back for this investment, other than a fancy drone that can shoot people in the street?
All independent accounts from sources all around the world were that Iran was abiding by the nuclear agreement. The Middle East remains at war with themselves, but this is nothing new.
America is the biggest arms manufacturer in the world. More wars, means more guns to sell. The US probably has more nuclear bombs than the rest of the world put together.
Sep 30, 20192.07%Dec 31, 20182.52%Dec 31, 20172.80%Dec 31, 20162.03%Dec 31, 20151.90%Dec 31, 20142.88%Dec 31, 20132.61%Dec 31, 20121.47%Dec 31, 20111.61%Dec 31, 20102.57%Dec 31, 20090.18%Dec 31, 2008-2.75%Obama this, Obama that but in truth Obama actually was the most corrupt, dishonest and disloyal person to ever to hold the office of President of the USA.
Stay tuned as a lot more info is going to be revealed in the coming months leading up to the November election.
President "Gitmo" Obama is Finish and Klaar.
No....consumer debt at $14 Trillion....is not a microeconomic factor.
Poor old sharktwit quoting CNN!!!!!!!!!!!!!!!! What a FOOL.
The mong must be wondering why the US stock market vs doing so well. Hahhahahahahahaha
There are many things to consider but here s something to consider. The USMCA (delayed for 14 months by Piglosi) and the Chinese deal (phase 1) should add 1.2% to GDP. Then the effect of the new Japanese and South Korean trade deals need to be factored in.
Then there is phase two of the China trade deal that could be completed in 2020.
Then Trump will get the Europeans to get into line and that deal too will add to GDP.
Trump has spent a great deal on the Military , some 2.5 trillion dollars to get it right again. He has also had to pay interest on the national debt. Last i saw that was 500 billion dollars Hussein Obummer never had to contend with.
You have to be a prize ass, as moronic as rooitwit and sharktwit to think Trump's going to lose on the economyas we see vt now. Hahahahahahhahahhahahaha every time these clown sprout their abject drivel they assure one and all as to how deranged and unhinged they are.
A few comments:
1 America’s net worth is not declining....it’s rising despite the rise in debt. Because total debt is only about 10% of total assets. Read this:
WASHINGTON (Reuters) - Rising stock and real estate prices helped lift U.S. household wealth to $113.5 trillion in the April through June period, a report by the Federal Reserve showed on Friday.
That compares to an upwardly revised $111.6 trillion net worth for households in the first quarter of 2019.
The U.S. economy is experiencing its longest expansion on record and households are benefiting from low unemployment and a pickup in wages. The S&P 500 also gained almost 4% during the second quarter.
Elsewhere in the central bank’s report, liquid assets held by non-financial firms were $4.5 trillion versus a revised $4.2 trillion in the January-March period.
2 The Chinese deal will protect US jobs just like USMCA.
3 The EU exports more to the US than they import. Almost all European exports are substitutable....the US is in a strong position.
4 The US interest rates are higher than most of it’s trading partners. Lowering interest rates actually lowers interest payments which reduces debt...it doesn’t increase it. Interest payments are a large part of government spending.
5 Nobody asked the USA why it was spending on it’s military when Ukraine needed weapons or when Iraq invaded Kuwait. It’s in the world’s interest that it’s most stable military super power remains in a powerful position.
Disagree. Hell Obama never understood anything about the economy, he had no business experience.....everything that happened in his tenure was driven by others. He was a spectator in a rather bad production.
Crash goes the boards clown sharktwit once again.
His problem of course is the globalists MSM says next to nothing about what Trump has done. So the gullible nutjob has no clue whatsoever - a usual state of affairs when i t comes to sharktwvt!
Apparently the MSM hardly covered the signing of the USMCA deal - the largest deal in the history of the world.
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge:
Trump promised GDP over 3% as an election pledge: