DC Tom Posted January 24, 2018 Posted January 24, 2018 14 hours ago, row_33 said: Can we merge Tibs and GGs posts together as they are the same person? This is the strangest thing I've ever seen posted here. And that includes pontification about triceratops being truculent because rhinos and silica plants.
3rdnlng Posted January 24, 2018 Posted January 24, 2018 22 minutes ago, DC Tom said: This is the strangest thing I've ever seen posted here. And that includes pontification about triceratops being truculent because rhinos and silica plants. I think 33 overdosed on maple syrup.
gatorbait Posted January 24, 2018 Posted January 24, 2018 (edited) 6 hours ago, row_33 said: Yes you are that type of American that makes basically everyone on the planet feel sorry for you, and the vst vast majority totally despise you. Wtf, did GG !@#$ your wife and then try to make you feel sorry for him? I can’t remember one woe is me type of post from him. Edited January 24, 2018 by gatorbait
Koko78 Posted January 24, 2018 Posted January 24, 2018 1 hour ago, 3rdnlng said: I think 33 overdosed on maple syrup. I think it was watching 48 straight hours of continuous Curling coverage... 2
3rdnlng Posted January 24, 2018 Posted January 24, 2018 7 minutes ago, Koko78 said: I think it was watching 48 straight hours of continuous Curling coverage... He's a great man-he cured bacon.
Nanker Posted January 25, 2018 Posted January 25, 2018 (edited) Back to the Trump Economy... Edited January 25, 2018 by Nanker Fat thumb typing :doh:
GG Posted January 25, 2018 Author Posted January 25, 2018 A decent summary of last year Quote Raymond Nolte of SkyBridge Capital said, “If you take away Trump’s Twitter ridiculousness, it’s actually been a pretty good year for the business community.” 1
Tiberius Posted January 25, 2018 Posted January 25, 2018 1 hour ago, GG said: A decent summary of last year So was the year before that and the year before that 1
3rdnlng Posted January 25, 2018 Posted January 25, 2018 It's laughable that the small-minded Obama gobbling people would try to give Obama credit for the Trump economy. Obama had 24 quarters of little growth. Not once did the economy grow even 3% in a quarter. Trump told people what he would do if elected. When he got elected people believed him and acted accordingly. Obama weakened our country in every way and Trump is working overtime to correct that.
Cugalabanza Posted January 25, 2018 Posted January 25, 2018 14 minutes ago, 3rdnlng said: It's laughable that the small-minded Obama gobbling people would try to give Obama credit for the Trump economy. Obama had 24 quarters of little growth. Not once did the economy grow even 3% in a quarter. Trump told people what he would do if elected. When he got elected people believed him and acted accordingly. Obama weakened our country in every way and Trump is working overtime to correct that. Not accurate. http://www.multpl.com/us-gdp-growth-rate/table/by-quarter
row_33 Posted January 25, 2018 Posted January 25, 2018 2 hours ago, Nanker said: Ack to the Trump Economy... ack-ack, you know what to do...
sherpa Posted January 25, 2018 Posted January 25, 2018 Be careful with your terms here. Of course the economy never grew at 3% in a quarter during Obama. That would be a 12% annualized growth rate. Further, posting annualized growth rates per quarter is based on multiplying the quarterly growth rate by four, another inaccurate way to consider growth, since quarterly growth rates vary for a considerable number of reasons.
keepthefaith Posted January 25, 2018 Posted January 25, 2018 10 minutes ago, Cugalabanza said: Not accurate. http://www.multpl.com/us-gdp-growth-rate/table/by-quarter Those numbers are not correct or use a different method of calculation than those that are "official" and after adjustments. GDP is often first reported and then later revised. What you show here is not reliable. Below from your same source is a different set of numbers. http://www.multpl.com/us-real-gdp-growth-rate/table/by-quarter
GG Posted January 25, 2018 Author Posted January 25, 2018 4 minutes ago, keepthefaith said: Those numbers are not correct or use a different method of calculation than those that are "official" and after adjustments. GDP is often first reported and then later revised. What you show here is not reliable. Below from your same source is a different set of numbers. http://www.multpl.com/us-real-gdp-growth-rate/table/by-quarter Correct. The latter list is the one used in describing economic growth. The recovery under Obama was the weakest in memory, especially considering the throughs he started from. A dead cat bounce should have produced at least a few quarters above 3% 1
Tiberius Posted January 25, 2018 Posted January 25, 2018 (edited) The real problem here is crowing about the economy now when Trump inherited a good situation but which probably won't last. When this long bull market stumbles it won't be Trump's fault, but when he gets blamed for it you own it. Can't give him credit now and not blame him later. Edited January 25, 2018 by Tiberius
/dev/null Posted January 25, 2018 Posted January 25, 2018 39 minutes ago, Cugalabanza said: Not accurate. http://www.multpl.com/us-gdp-growth-rate/table/by-quarter 92% of all scientists agree that 78% of all statistics are made up
keepthefaith Posted January 25, 2018 Posted January 25, 2018 7 minutes ago, Tiberius said: The real problem here is crowing about the economy now when Trump inherited a good situation but which probably won't last. When this long bull market stumbles it won't be Trump's fault, but when he gets blamed for it you own it. Can't give him credit now and not blame him later. Obama had one of the greatest opportunities in history to govern in a way that would have created historically strong growth. A beaten down economy such as the one he inherited was ripe for a big recovery. Instead he burdened businesses with tax and health care cost increases along with lots of regulation in many industries. He also often spoke publicly about his perceived evils of large businesses while ringing up the largest deficits in history. All of this added up to an unfriendly business climate along with low consumer confidence. Obama out and Trump in has breathed new life in both business and consumer confidence and confidence poll numbers reflect that.
Nanker Posted January 25, 2018 Posted January 25, 2018 32 minutes ago, row_33 said: ack-ack, you know what to do... Early morning fat thumb typing on iPhone. One thing that should be brought out from that press conference is that lo and behold - the media has rediscovered the employment participation rate! (at 1:12 in the video) It took them nearly nine years, but hey - it's back in the news as something that's a negative. Next up - we'll be hearing about all the homeless people in the country and the food stamps are going wanting because they're not being advertised anymore.
row_33 Posted January 25, 2018 Posted January 25, 2018 39 minutes ago, Nanker said: Early morning fat thumb typing on iPhone. One thing that should be brought out from that press conference is that lo and behold - the media has rediscovered the employment participation rate! (at 1:12 in the video) It took them nearly nine years, but hey - it's back in the news as something that's a negative. Next up - we'll be hearing about all the homeless people in the country and the food stamps are going wanting because they're not being advertised anymore. thought it was a tribute to a certain Wack Packer (RIP) maybe they'll find a struggling farmer to tell us how Trump is killing his family business
Tiberius Posted January 25, 2018 Posted January 25, 2018 29 minutes ago, keepthefaith said: Obama had one of the greatest opportunities in history to govern in a way that would have created historically strong growth. A beaten down economy such as the one he inherited was ripe for a big recovery. Instead he burdened businesses with tax and health care cost increases along with lots of regulation in many industries. He also often spoke publicly about his perceived evils of large businesses while ringing up the largest deficits in history. All of this added up to an unfriendly business climate along with low consumer confidence. Obama out and Trump in has breathed new life in both business and consumer confidence and confidence poll numbers reflect that. Or... Obama took on one of the worst situations in economic history. A housing market in a funk that was a drag on everything. Since too many houses were on the market already it depressed the market and slowed building which had a ripple effect all through the economy. Getting all the under water mortgages taken care of took time. Since housing is so central to the economy it took time. And the foreign markets were in a funk, too, so trade could not lift us out of the slump. Yet, in spite of that the economy did rise and kept right on getting stronger, even with all the old baby boomers falling out of the market. The Tarp program--under Bush--the stimulus program and sound, rational leadership--in spite of GOP shut down nonsense--allowed for the economy to thrive which continues to this day. Trump is only riding a wave that began under Obama. When the business cycle turns Trumps support will take yet another hit
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