Economy is roaring

[Anonymous]

Anonymous wrote:For the love of God. Post actual facts. 2018 had a 2.9% rate of gdp growth, which for the US IS A ROARING ECONOMY:

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

Obama only had one year of growth at 2.9%. The US is an advanced first world economy. It will almost never see GDP growth in the order of 6,7,8+% like developing economies or China.


The last time the US had greater than 3% GDP growth was all the way back in 2005. The US had a GDP almost $19 trillion in 2018 vs a gdp of 15 trillion in 2005. The point is that percentages are relative. It is much harder growing a $19 trillion dollars by 3% than it is to grow $15 trillion dollars by 3%. A GDP growth rate for an advanced economy like the US on the order of 2-4% is very good, and very healthy because it is growing a giant economy without causing too much inflation, which is exactly what we have going on now.


Sorry Democrats, the economy IS roaring with a 2.9% GDP growth, record low unployment, record stock markets, record Christmas sales, fantastic consumer sentiment, record low inflation, and riding HHIs.

At what cost? Could you please provide those numbers to so that I can judge the ROI? These returns seem meek to me for the debt I bet we took on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Under Obama, the 2.1% growth was anemic.
Under Trump, 2.1% growth is roaring.

#TrumpWisdom

I've never heard anyone say that 2.1% growth is "roaring", in itself. The economy is far more than GDP alone.

The title of this thread contradicts your post.

How? My post says that 2.1% growth IN ITSELF is not "roaring". The title of the thread says that the ECONOMY is "roaring".

Because the OP believes the economy is roaring.

So, how does my post contradict that? The economy does consist of the only the GDP. The economy can be roaring with a 2.1% GDP.

[Anonymous]

Anonymous wrote:For the love of God. Post actual facts. 2018 had a 2.9% rate of gdp growth, which for the US IS A ROARING ECONOMY:

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

Obama only had one year of growth at 2.9%. The US is an advanced first world economy. It will almost never see GDP growth in the order of 6,7,8+% like developing economies or China.


The last time the US had greater than 3% GDP growth was all the way back in 2005. The US had a GDP almost $19 trillion in 2018 vs a gdp of 15 trillion in 2005. The point is that percentages are relative. It is much harder growing a $19 trillion dollars by 3% than it is to grow $15 trillion dollars by 3%. A GDP growth rate for an advanced economy like the US on the order of 2-4% is very good, and very healthy because it is growing a giant economy without causing too much inflation, which is exactly what we have going on now.


Sorry Democrats, the economy IS roaring with a 2.9% GDP growth, record low unployment, record stock markets, record Christmas sales, fantastic consumer sentiment, record low inflation, and riding HHIs.

That was 2018. It's under 2% for 2019.

[Anonymous]

Roaring and at what cost?

https://twitter.com/100trillionUSD/status/1211252232877957125

[Anonymous]

Anonymous wrote:

Anonymous wrote:For the love of God. Post actual facts. 2018 had a 2.9% rate of gdp growth, which for the US IS A ROARING ECONOMY:

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

Obama only had one year of growth at 2.9%. The US is an advanced first world economy. It will almost never see GDP growth in the order of 6,7,8+% like developing economies or China.


The last time the US had greater than 3% GDP growth was all the way back in 2005. The US had a GDP almost $19 trillion in 2018 vs a gdp of 15 trillion in 2005. The point is that percentages are relative. It is much harder growing a $19 trillion dollars by 3% than it is to grow $15 trillion dollars by 3%. A GDP growth rate for an advanced economy like the US on the order of 2-4% is very good, and very healthy because it is growing a giant economy without causing too much inflation, which is exactly what we have going on now.


Sorry Democrats, the economy IS roaring with a 2.9% GDP growth, record low unployment, record stock markets, record Christmas sales, fantastic consumer sentiment, record low inflation, and riding HHIs.

That was 2018. It's under 2% for 2019.

Not according to today's WAPO. Estimate for entire 2019 is 2.2%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For the love of God. Post actual facts. 2018 had a 2.9% rate of gdp growth, which for the US IS A ROARING ECONOMY:

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

Obama only had one year of growth at 2.9%. The US is an advanced first world economy. It will almost never see GDP growth in the order of 6,7,8+% like developing economies or China.


The last time the US had greater than 3% GDP growth was all the way back in 2005. The US had a GDP almost $19 trillion in 2018 vs a gdp of 15 trillion in 2005. The point is that percentages are relative. It is much harder growing a $19 trillion dollars by 3% than it is to grow $15 trillion dollars by 3%. A GDP growth rate for an advanced economy like the US on the order of 2-4% is very good, and very healthy because it is growing a giant economy without causing too much inflation, which is exactly what we have going on now.


Sorry Democrats, the economy IS roaring with a 2.9% GDP growth, record low unployment, record stock markets, record Christmas sales, fantastic consumer sentiment, record low inflation, and riding HHIs.

That was 2018. It's under 2% for 2019.

Not according to today's WAPO. Estimate for entire 2019 is 2.2%.

So a meow rather than a roar!
Can we change the title of the thread to
“Economy says “meow” after $2 trillion tax cut and annual deficits of $1 trillion+”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For the love of God. Post actual facts. 2018 had a 2.9% rate of gdp growth, which for the US IS A ROARING ECONOMY:

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

Obama only had one year of growth at 2.9%. The US is an advanced first world economy. It will almost never see GDP growth in the order of 6,7,8+% like developing economies or China.


The last time the US had greater than 3% GDP growth was all the way back in 2005. The US had a GDP almost $19 trillion in 2018 vs a gdp of 15 trillion in 2005. The point is that percentages are relative. It is much harder growing a $19 trillion dollars by 3% than it is to grow $15 trillion dollars by 3%. A GDP growth rate for an advanced economy like the US on the order of 2-4% is very good, and very healthy because it is growing a giant economy without causing too much inflation, which is exactly what we have going on now.


Sorry Democrats, the economy IS roaring with a 2.9% GDP growth, record low unployment, record stock markets, record Christmas sales, fantastic consumer sentiment, record low inflation, and riding HHIs.

That was 2018. It's under 2% for 2019.

Not according to today's WAPO. Estimate for entire 2019 is 2.2%.

So a meow rather than a roar!
Can we change the title of the thread to
“Economy says “meow” after $2 trillion tax cut and annual deficits of $1 trillion+”

As others have said you can't look at just the GDP growth rate to determine how good the economy is. You have to look at a fuller picture--inflation, unemployment, consumer confidence and disposable income after debt payments, company investments, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:For the love of God. Post actual facts. 2018 had a 2.9% rate of gdp growth, which for the US IS A ROARING ECONOMY:

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

Obama only had one year of growth at 2.9%. The US is an advanced first world economy. It will almost never see GDP growth in the order of 6,7,8+% like developing economies or China.


The last time the US had greater than 3% GDP growth was all the way back in 2005. The US had a GDP almost $19 trillion in 2018 vs a gdp of 15 trillion in 2005. The point is that percentages are relative. It is much harder growing a $19 trillion dollars by 3% than it is to grow $15 trillion dollars by 3%. A GDP growth rate for an advanced economy like the US on the order of 2-4% is very good, and very healthy because it is growing a giant economy without causing too much inflation, which is exactly what we have going on now.


Sorry Democrats, the economy IS roaring with a 2.9% GDP growth, record low unployment, record stock markets, record Christmas sales, fantastic consumer sentiment, record low inflation, and riding HHIs.

That was 2018. It's under 2% for 2019.

The final numbers are not in for 2019. It will be over 2%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For the love of God. Post actual facts. 2018 had a 2.9% rate of gdp growth, which for the US IS A ROARING ECONOMY:

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

Obama only had one year of growth at 2.9%. The US is an advanced first world economy. It will almost never see GDP growth in the order of 6,7,8+% like developing economies or China.


The last time the US had greater than 3% GDP growth was all the way back in 2005. The US had a GDP almost $19 trillion in 2018 vs a gdp of 15 trillion in 2005. The point is that percentages are relative. It is much harder growing a $19 trillion dollars by 3% than it is to grow $15 trillion dollars by 3%. A GDP growth rate for an advanced economy like the US on the order of 2-4% is very good, and very healthy because it is growing a giant economy without causing too much inflation, which is exactly what we have going on now.


Sorry Democrats, the economy IS roaring with a 2.9% GDP growth, record low unployment, record stock markets, record Christmas sales, fantastic consumer sentiment, record low inflation, and riding HHIs.

That was 2018. It's under 2% for 2019.

The final numbers are not in for 2019. It will be over 2%.

A far cry from what Trump promised.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:For the love of God. Post actual facts. 2018 had a 2.9% rate of gdp growth, which for the US IS A ROARING ECONOMY:

https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/

Obama only had one year of growth at 2.9%. The US is an advanced first world economy. It will almost never see GDP growth in the order of 6,7,8+% like developing economies or China.


The last time the US had greater than 3% GDP growth was all the way back in 2005. The US had a GDP almost $19 trillion in 2018 vs a gdp of 15 trillion in 2005. The point is that percentages are relative. It is much harder growing a $19 trillion dollars by 3% than it is to grow $15 trillion dollars by 3%. A GDP growth rate for an advanced economy like the US on the order of 2-4% is very good, and very healthy because it is growing a giant economy without causing too much inflation, which is exactly what we have going on now.


Sorry Democrats, the economy IS roaring with a 2.9% GDP growth, record low unployment, record stock markets, record Christmas sales, fantastic consumer sentiment, record low inflation, and riding HHIs.

That was 2018. It's under 2% for 2019.

The final numbers are not in for 2019. It will be over 2%.

A far cry from what Trump promised.

Trump cna say whatever. In the end the economy is good and 2020 is shaping up to be as well.

[Anonymous]

This is the individual equivalent to what the Tax Cuts for Wealthy Donors and Jobs Act did:

-- got a giant mortgage for a new house
-- home equity loan to put in a pool
-- ran up $100,000 of credit card debt to furnish the house and take expensive vacations
-- leased two brand new Mercedes SUVs with astronomical payments so that the neighbors think I am doing great

Yes people, my personal situation is roaring

[Anonymous]

Anonymous wrote:This is the individual equivalent to what the Tax Cuts for Wealthy Donors and Jobs Act did:

-- got a giant mortgage for a new house
-- home equity loan to put in a pool
-- ran up $100,000 of credit card debt to furnish the house and take expensive vacations
-- leased two brand new Mercedes SUVs with astronomical payments so that the neighbors think I am doing great

Yes people, my personal situation is roaring

My personal situation is much improved. My mother is in assisted living, which is very expensive as you know, and her stocks her gone up by enough to cover an additional year (almost). Plus, my sister and I have also seen our own investments swell, each equivalent to almost a year of AL, so we are in a better position to help her if need be. So don’t claim that the Trump economy isn’t helping the middle class.

[Anonymous]

This is the individual equivalent to what the Tax Cuts for Wealthy Donors and Jobs Act did:

-- got a giant mortgage for a new house
-- home equity loan to put in a pool
-- ran up $100,000 of credit card debt to furnish the house and take expensive vacations
-- leased two brand new Mercedes SUVs with astronomical payments so that the neighbors think I am doing great

Yes people, my personal situation is roaring

This is exactly what we are going to see when we see Trump's tax returns and his loans.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is the individual equivalent to what the Tax Cuts for Wealthy Donors and Jobs Act did:

-- got a giant mortgage for a new house
-- home equity loan to put in a pool
-- ran up $100,000 of credit card debt to furnish the house and take expensive vacations
-- leased two brand new Mercedes SUVs with astronomical payments so that the neighbors think I am doing great

Yes people, my personal situation is roaring

My personal situation is much improved. My mother is in assisted living, which is very expensive as you know, and her stocks her gone up by enough to cover an additional year (almost). Plus, my sister and I have also seen our own investments swell, each equivalent to almost a year of AL, so we are in a better position to help her if need be. So don’t claim that the Trump economy isn’t helping the middle class.

You realize that having stocks to cover expenses for your mom and your sister and yourself is a 1% thing, right? I mean, most people don't have stocks and would be wiped out with a $400 emergency expense. So while it is nice that you have your mother covered and your 401k is up, that simply isn't the case for the majority of Americans, who are simply not benefiting at all and to the contrary, will be called on to pay the piper when the debt and deficit spending are called on to be reeled in.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is the individual equivalent to what the Tax Cuts for Wealthy Donors and Jobs Act did:

-- got a giant mortgage for a new house
-- home equity loan to put in a pool
-- ran up $100,000 of credit card debt to furnish the house and take expensive vacations
-- leased two brand new Mercedes SUVs with astronomical payments so that the neighbors think I am doing great

Yes people, my personal situation is roaring

My personal situation is much improved. My mother is in assisted living, which is very expensive as you know, and her stocks her gone up by enough to cover an additional year (almost). Plus, my sister and I have also seen our own investments swell, each equivalent to almost a year of AL, so we are in a better position to help her if need be. So don’t claim that the Trump economy isn’t helping the middle class.

You realize that having stocks to cover expenses for your mom and your sister and yourself is a 1% thing, right? I mean, most people don't have stocks and would be wiped out with a $400 emergency expense. So while it is nice that you have your mother covered and your 401k is up, that simply isn't the case for the majority of Americans, who are simply not benefiting at all and to the contrary, will be called on to pay the piper when the debt and deficit spending are called on to be reeled in.

Of course it’s not a 1% thing. To hear liberals talk, you’d think nobody but the rich own stocks when fully half of all Americans do. And I was responding to the poster above claiming that Trump’s economy didn’t help him personally. It has helped the half of Americans who own stock, along with the other half who are seeing record-low unemployment and increases in low-income wages for the first time in a decade.