DC Tom Posted April 26, 2016 Share Posted April 26, 2016 Not if the consensus was 1.7%-2.0% growth for the period. It's a rebound of almost 4 percentage points. That's a strong rebound. But it was half the consensus estimate, which is a weak number (a ****ty number, actually). Link to comment Share on other sites More sharing options...
GG Posted April 26, 2016 Share Posted April 26, 2016 It's a rebound of almost 4 percentage points. That's a strong rebound. But it was half the consensus estimate, which is a weak number (a ****ty number, actually). Can't say without knowing the context of February decline. Could have been many orders pushed out to March, which drove higher expectations. Could have been other reasons which set the consensus view at 2% growth. Link to comment Share on other sites More sharing options...
DC Tom Posted April 27, 2016 Share Posted April 27, 2016 Can't say without knowing the context of February decline. Could have been many orders pushed out to March, which drove higher expectations. Could have been other reasons which set the consensus view at 2% growth. Plus...you know they'll revise it down when they release the April numbers next month. But when they revise that March number down to -0.9%, that 1.2% April increase is going to look like a great rebound! Link to comment Share on other sites More sharing options...
GG Posted April 28, 2016 Share Posted April 28, 2016 Are you ready for the final summer of recovery? Link to comment Share on other sites More sharing options...
B-Man Posted April 28, 2016 Share Posted April 28, 2016 GDP: 0.5%... Business investment weakest since Great Recession... NYT: Lackluster. Uneven. Pain... But at least He "saved the world economy" in 2009 Link to comment Share on other sites More sharing options...
Doc Posted April 28, 2016 Share Posted April 28, 2016 (edited) Are you ready for the final summer of recovery Barry? Yes! Edited April 28, 2016 by Doc Link to comment Share on other sites More sharing options...
TH3 Posted April 28, 2016 Share Posted April 28, 2016 GDP growth will reflect the income gains from the middle class - almost exactly. The 2000-2006 boom was based largely on the middle class over leveraging to compensate for lack of wage growth. At this point any upticks in GDP from "trickle down" are done. The well off have everything they need - other than driving up the price of collector cars. Money has collected at banks, corporations and real estate in a holding pattern - very few good places to invest in barring demand growth. Link to comment Share on other sites More sharing options...
IDBillzFan Posted April 28, 2016 Share Posted April 28, 2016 Are you ready for the final summer of recovery? Maybe this time... Link to comment Share on other sites More sharing options...
Dante Posted April 28, 2016 Share Posted April 28, 2016 Screw Obama and his crony co conspirators. Here it is as simply explained as it gets. http://www.againstcronycapitalism.org/2016/04/3-myths-of-capitalism-video-3-mins/ Link to comment Share on other sites More sharing options...
Nanker Posted April 28, 2016 Share Posted April 28, 2016 It sure was a lot better in ancient Greece and Roman days. When you wanted more wealth - you simply invade another area of the world and plunder their loot. No need for capitalism then. Come to think of it, that was the original model for redistribution of wealth. Coercively take from those who have and distribute it to your homies. That's the ticket for keeping Caesar popular. Hail Caesar! Link to comment Share on other sites More sharing options...
B-Man Posted April 28, 2016 Share Posted April 28, 2016 Homeownership rate falls to third lowest on record... Obama First President Not to See Single Year of 3% Growth... Link to comment Share on other sites More sharing options...
Tiberius Posted April 28, 2016 Share Posted April 28, 2016 GDP growth will reflect the income gains from the middle class - almost exactly. The 2000-2006 boom was based largely on the middle class over leveraging to compensate for lack of wage growth. At this point any upticks in GDP from "trickle down" are done. The well off have everything they need - other than driving up the price of collector cars. Money has collected at banks, corporations and real estate in a holding pattern - very few good places to invest in barring demand growth. You forgot Conservative think tanks and PACs. Reagans and Bush's tax cuts have failed to trickle down and now the Republican Party has nothing left politically to offer and the wheels are falling off. Their massive resources of cash have bought them a great propaganda machine but it has nothing to offer but hate. Hate feels good to the average right wing voter but it doesn't create jobs. The reaction against a black president is enough to keep the plutocracies gains in place for the most part but they must be worried someone will come along with a real populist agenda and pass it. Link to comment Share on other sites More sharing options...
3rdnlng Posted April 29, 2016 Share Posted April 29, 2016 You forgot Conservative think tanks and PACs. Reagans and Bush's tax cuts have failed to trickle down and now the Republican Party has nothing left politically to offer and the wheels are falling off. Their massive resources of cash have bought them a great propaganda machine but it has nothing to offer but hate. Hate feels good to the average right wing voter but it doesn't create jobs. The reaction against a black president is enough to keep the plutocracies gains in place for the most part but they must be worried someone will come along with a real populist agenda and pass it. A very gatorman post. Dumb as hell. Link to comment Share on other sites More sharing options...
B-Man Posted April 29, 2016 Share Posted April 29, 2016 White House struggles to explain weak economy as Obama boasts of job growth Washington Times, by Dave Boyer Original Article Link to comment Share on other sites More sharing options...
IDBillzFan Posted April 29, 2016 Share Posted April 29, 2016 White House struggles to explain weak economy as Obama boasts of job growth Washington Times, by Dave Boyer Original Article It's always someone else's fault with this WH: White House press secretary Josh Earnest said that congressional Republicans were in part to blame for the weak growth, saying the economy would be stronger if Congress had agreed to Mr. Obama’s proposals for higher spending on infrastructure projects three or four years ago I really look forward to the day when the WH is occupied by a person who isn't as thin-skinned and quick to blame others . Someone like Donald Trump. Link to comment Share on other sites More sharing options...
Tiberius Posted April 29, 2016 Share Posted April 29, 2016 It's always someone else's fault with this WH: I really look forward to the day when the WH is occupied by a person who isn't as thin-skinned and quick to blame others . Someone like Donald Trump. Yes, imagine that. We have one political party so screwed up that it can't pee straight and yet you wonder why the economy isn't perfect? Even John Boehner admits his Congress was hamstrung by the "goofballs" and "knuckleheads" that have shut down government, threatened the nation's credit rating, etc. The Republicans really are the problem. Of course, you are right in line with the "Freedom Caucus" that is just a bunch of cranks, pinheads and haters, so you can't understand, well, reality Link to comment Share on other sites More sharing options...
B-Man Posted April 30, 2016 Share Posted April 30, 2016 (edited) HOW DOES HILLARY RUN ON A BAD ECONOMY? Democrats love to cherry pick statistics to make the case that Barack Obama’s stewardship of our economy has been successful. Obama himself often claims to have saved the world economy from disaster, but how? If anything averted collapse, it was the Troubled Asset Relief Program, which was executed by the Bush administration, for better or worse. If any government measure saved the economy, it was TARP. The “stimulus” bill that didn’t stimulate anything was enacted in Obama’s first year, but that had only a fraction of the predicted impact and no one claims it somehow rescued the world economy. Nor did Dodd-Frank, which was passed in 2010, after the financial crisis had passed. Dodd-Frank’s principal effects were to devastate community banks and starve small businesses of capital. The manner in which Democrats assign credit and blame is amusing. They claim, absurdly, that Obama reduced the federal deficit; they accomplish this sleight of hand by attributing Obama’s first year in office, when there was a trillion dollar-plus deficit because of the stimulus bill and other measures, to George W. Bush. Sure: we all remember Bush’s “stimulus” bill in FY 2009, after he left office. On the other hand, they try to reach back to 2008, before Obama became President, to give him credit for saving the world economy through TARP. Are voters really dumb enough to fall for such silly tricks? Yes and no. The true believers don’t remember the details and will buy anything. On the other hand, voters have a general recollection of how the economy has performed over the last 7 1/2 years, and it hasn’t been good. As Steve wrote here, Hillary Clinton has no choice but to run against Barack Obama’s poor economic record, just as Bernie Sanders and Donald Trump do. The Obama “boom” is pathetic compared to any comparable period in the post-WWII era. And now commentators are telling us to expect another recession, and a sharp stock market decline, soon. That would put a capstone on the worst economic record of any president since Jimmy Carter. Hillary can say, “I was just in charge of Libya and other foreign policy fiascos! I had nothing to do with economic policy.” But voters won’t give her a pass on the economic record of the administration she served and whose policies she endorsed. http://www.powerlineblog.com/archives/2016/04/how-does-hillary-run-on-a-bad-economy.php Edited April 30, 2016 by B-Man Link to comment Share on other sites More sharing options...
Tiberius Posted May 1, 2016 Share Posted May 1, 2016 Helps explain why the Hillary is winning. The administration seems to have pleased enough Americans. https://www.washingtonpost.com/news/monkey-cage/wp/2016/04/29/the-most-under-appreciated-fact-of-the-election-americans-feel-good-about-the-economy/ Before I had looked at these data, I was sure I’d find that sentiment was only a bit more positive than it was when Obama took office. But in fact, the upward trend — with the exception of the drop during the 2011 debt ceiling crisis — is striking. This upward trend is also reflected in data from Pew and Gallup. As of the first quarter of 2016, even with a slight downturn in the second and third quarters of 2015, consumer sentiment was as positive as it had been since the mid-2000s. It was also as positive as it had been in the mid-1980s during the recovery from the recession of 1981-1982. For example, the value of consumer sentiment at the end of 1983, as Ronald Reagan’s reelection campaign was gearing up, was 91.6. In the first three months of 2015, it was almost exactly the same: 91.5. In other words, consumer sentiment is as positive as it was at the beginning of the election year when Reagan argued that it was “Morning in America.” Link to comment Share on other sites More sharing options...
DC Tom Posted May 1, 2016 Share Posted May 1, 2016 Helps explain why the Hillary is winning. The administration seems to have pleased enough Americans. https://www.washingtonpost.com/news/monkey-cage/wp/2016/04/29/the-most-under-appreciated-fact-of-the-election-americans-feel-good-about-the-economy/ Yes, Americans are almost as pleased as they were in the middle of the last administration. Link to comment Share on other sites More sharing options...
reddogblitz Posted May 2, 2016 Share Posted May 2, 2016 It's always someone else's fault with this WH: This is what pisses me off about Obama. He was going to work together with Republicans and bring a change in how presidents deal with Congress. 7 years later and it's business as usual. Blame the other guy. If anything, he's worse. Granted the Republicans have been obstinate, but he gave up years ago. Link to comment Share on other sites More sharing options...
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