The World Economic Forum, which hosts the annual conference of global elites in Switzerland, said on Tuesday that the United States is the most competitive economy in the world.
Trump just keeps winning for the American people. Greatest President in American history!
More EGG lands on poor Brycy , Rooitwit and the other CNN dupes. Bwahahahahahahha oh my aching si des!
....Bean Brain don't shoot the messenger.... but unfortunately you can't talk about the economy without talking about debt as that's also part of the economy just incase your dopey self were'nt aware of that...and who can compete with Americas 14 trillion dollars worth of debt...not many ...in fact the US has more debt than the combined debt of China, Japan and Germany lol....so yr right they are very competitive...
....correct me if i'm wrong but the election promise was to pay off the debt was'nt it..? but the orange Gropenfuhrer has increased debt massively instead...a 17% increase since 2017...
Remember those claims that tax cuts would'nt boost the federal budget deficit ,,,
Remember how the Republicans relentlessly attacked Obama for increasing deficits and debts...
...btw economic forecasters project third quarter growth falling below 4% and slowing further afrer that....ending up 2.9 % for 2018, 2.8 % for 2019 and just .9 percent for 2020...
The debt of the US increased from 10 trillion to 20 trillion under Obama during his 8 year tenure. That means the 1.4 trillion increase under Trump is actually a decrease in the rate of debt accumulation. Less than 2 years isn't enough time to turn the oil tanker of a US economy, but only a severely prejudiced fool can deny that massive improvements were made in a short time. The stockmarket predicted a Trump win, against all odds, before the polls and results were in, and for good reason. He is good for the economy and for the US in general...warts and all.
Brycy you know by now how able i am to correct you when you are wrong which alas is only too often.
Draad has given you a good pointer which i will flesh out for you. Maybe ou rooitwit will be able to find somebody to explain all this to him, the dumbass is financially illiterate of course! Hahahahahaahhaha
President Trump took over in 2017 with nearly $20 trillion of debt that he inherited from Obama Obummer started with 10 trillion in debt). He’s faced headwinds from the Federal Reserve (FED) which have increased interest rates by nearly two percent since the 2016 election. In spite of this, President Donald Trump’s debt is half that of Obama’s at the same time in their respective Presidencies.
The US Treasury maintains an inventory of the daily amount of US Debt outstanding. The US Debt since President Trump was inaugurated on January 20th, 2017 through October 12, 2018, has increased by $1.6 trillion. On inauguration day the debt was at $19.9 trillion and on October 12, 2018 the debt stood at $21.6 trillion.
Where President Trump has increased the US Debt to date by only 8.3% , Obama increased the debt by 28.6% at this time in his Presidency or by $3.0 trillion!
President Obama inherited a US Debt amount of $10.6 trillion on his inauguration and increased it $3.0 trillion by October 15, 2010. Obama increased the US Debt amount by $1.4 trillion more than President Trump in the same respective time in office.
In addition Obama benefited from all-time low interest rates. Right after Barack Obama was elected President, on December 16, 2008, the Federal Reserve (The Fed) lowered the Fed Funds rate by an entire percent, from 1% down to 0% . The Fed had not lowered the Fed Funds rate by such a large amount (1% ) since at least before 1990, if ever. The Fed kept this 0% rate for most of Obama’s eight years in office.
CNBC reported in December 2015 that President Obama oversaw “seven years of the most accommodative monetary policy in U.S. history” (from the Fed). The Fed Funds rate was at zero for most of Obama’s time in office. Finally, in December 2015 the Fed announced its first increase in the Fed Funds rate during the Obama Presidency.
The only Fed Funds Rate increases after 2015 were after President Trump was elected President. The Fed increased the Fed Funds Rate seven times on President Trump since his election win after doing so only once on President Obama late in his 2nd term.
Increases in the Fed Funds Rate increase the cost of borrowing. With $20 trillion in debt, a 2% increase in interest payments equals $400 billion in annual interest payment increases which President Trump must address as well.
President Obama benefited from the lowest possible interest rates possible for most of his eight years and in spite of this, nearly doubled the US Debt from $10 trillion to nearly $20 trillion.