Tsion1953

We obviously get our news and stats from different sources. This article seems to contradict your post. But it certainly isn't the only one that does.

https://www.realclearpolitics.com/articles/2019/08/07/success_of_the_trump_economy_is_bad_news_for_democrats_140956.html

permafrost Loc: Minnesota

What has the Steele Dossier or Enron have to do with anything in this thread?

You perhaps missed my wish list... I would like the strong economy to continue, as would anyone in the country.. but it will not.. it is when not if..

the indications are that it will arrive sooner rather then later..

However, that has been said before and yet we are moving along very well.
I think for what it is worth the falling in India and other Asian nations, even China have the world economy looking less the wonderful. that in turn makes American business nervous and then may become a self fulfilling prophesy..



https://www.thebalance.com/us-gdp-by-year-3305543


Year Nominal GDP (trillions) Real GDP (trillions) GDP Growth Rate Events Affecting GDP

2007 $14.452 $15.626 1.9% Bank crisis.
2008 $14.713 $15.605 -0.1% Financial crisis.
2009 $14.449 $15.209 -2.5% Stimulus Act.
2010 $14.992 $15.599 2.6% ACA. Dodd-Frank.
2011 $15.543 $15.841 1.6% Japan earthquake.
2012 $16.197 $16.197 2.2% Fiscal cliff.
2013 $16.785 $16.495 1.8% Sequestration.
2014 $17.527 $16.912 2.5% QE ends.
2015 $18.225 $17.404 2.9% TPP. Iran deal.
2016 $18.715 $17.689 1.6% P**********l race.
2017 $19.519 $18.108 2.4% Trump Tax Act.
2018 $20.580 $18.638 2.9% Deficit spending.

permafrost Loc: Minnesota

I would never agree that a good economy is bad.. news or any other twist..

While it is true that in spite of doing nothing but extend the results of President Obama work, trump will be given credit, at least by some, for the economy.

If he manages to squelch the growth early then he will pay the piper for that as he should..

Seth

The sudden higher GDP wasn't Obama's doing. It was due in part to Trump's tossing out O's oppressive regulations, but mostly due to the tax cuts.

Companies that expanded their operations and began increasing their payrolls accredit these moves specifically to the tax cuts -- so no, this wasn't a product of anything Obama did, it was all President Trump.

permafrost Loc: Minnesota

BS,,, of that mountain of money, over 90% went to stock buybacks and executive bonuses..

Skip the e******n race and President Obama had 2.5 and 2.9. trump had 2.4 and 2.9..

That is nothing other than a continuation of the 7 year (at that time) trend..

Seth

Oh, Now I get it! Sheesh! What was I thinking?

Right, all those corporate tax savings and so forth went into buybacks, etc, so that means all the new factory equipment, computers, trucks, etc were donated for free to all those manufacturers who aren't manufacturing, and the millions of people who are newly employed are working for free, with no benefits, on all that freely donated equipment while all this fictional spending and non-existent new industrial activity is miraculously, unaccountably driving up the GDP.

That's amazing!

Where can I pick up a book on this revolutionary new concept, "Progressive" Economics®?

Positively amazing!

permafrost Loc: Minnesota

It is nice that you feel you get it..

But somehow, I do not think you do..

What new factories are those??

could they belong to GM? No, they are closing 5 factories, 2 of them in Michigan.

a casket factory in Mississippi? closing not opening..

A wood mode factory in Pennsylvania? Nope, closing..

The one and only Ikea factory in this country? No, closing

Lets face it, US business moved as fast as possible to China for the cheap labor force starting in the 70s or 80s.. that has not changed much, now Bangladesh is the cheap destination.

Now, even the limited investment that was started in the US has slowed down, big part of concern that is shown in economic reports to investors..

I will add that not much of what a President does truly affects the economy.

Federal investment will boost it.. President Obama did that as part of his efforts..

Tariffs and trade wars will limit it... the orange goose egg did that as part of his bluster and foolishness..

Seth

Travel around the country much, maybe see things for yourself like some of us, or does all your "data" come from your computer screen?

Just curious....

permafrost Loc: Minnesota

Is that a right wingers attempt to dispute the facts I posted?

As usual only the orange cult fail to find t***h and facts as the really are..

Living in an orange bubble of wishes which only are based on what the orange mouth tells you at some point in his own haze filled day..

Get a life Seth, you are not in the same deluded class as those who accept the trump version of the world as a good thing.. think for yourself and join the worldwide recognition of the orange fool..

Seth

But I am one of those individuals who, by way of my livelihood, has friends, client contacts and colleagues all over America who, collectively, are involved heavily in just about every level of the economy, from small and medium to large businesses, finance, etc, and we stay in touch.

While I do a lot of reading, etc, I also place more creedence in what I get from the proverbial horse's mouth, which tends to be infinitely more reliable and infinitely more non-partisan.

This is why I know, despite being presented with graphs, charts and "expertise," that Trump, despite all the rhetoric to the contrary and all the obstruction, is doing an excellent job and cherry-picking aside, his tax cuts have been good, ultimately, for millions of Americans who do not number among "the rich."

If a business, whether a corporate monster or a mom & pop, takes advantage of a lessening in financial abuse by the government to expand operations, increase compensation, hire more people and buy more equipment, it means more Americans are working, more income taxes are being collected by way of volume and more money is being spent in the private sector economy.

It also means less people are dependent upon the social services system, saving the taxpayer lots of long green and allowing the government to downsize a few overpaid and wasteful bureaucracies, the essential dead weight from which can return to the private sector where there is lots of honest employment waiting.

Finally, there is the $10k cap the tax cuts put on deducting local taxes from federal returns. The only people this hurts are "the rich," especially in high tax states wherein these same rich folks were likely the largest donors to the very politicians who created those high taxes.

See, you folks over there on the left side of the equation are for big government, and believe it to be better than the small government mandated by our founders.

To my way of thinking, the founders were the smartest collection of human beings ever assembled in one place at the same time, and those who try to second guess them as today's Democrats are doing are, in essence, overvaluing their own smartness -- if it ain't broke, don't fix it.

President Trump is more in tune with the vision of the founders than any POTUS in my 60+ years of life: he is a successful businessman whose world is the private sector, serving 8 years because he believes he can make positive contributions, then stepping down and returning to the private sector rather than a whore politician whose priority is a political career first, the American people second.

All the baseless accusations of collusion, obstruction, bank fraud, r****m, etc are pure bulls**t, elements of a never-ending witch hunt to find a crime that can be used to oust him from the presidency, and have reached a point of wholly unprecedented proportions. These efforts also expose the Democratic Party's utter disregard for the American taxpayer as they are using the taxpayer's hard earned money, well into the tens of millions, in these pursuits.

What I can also say with great certainty is that most of the "progressive" establishment in America, including most of the Democratic Party, is living in an information "bubble," because the utter reality of what is actually happening in this country and its economy is nearly the direct opposite of what the anti-Trump media and politicians on the left side of the aisle are saying.

Americans living the reality are scratching their heads at first, then becoming angry as they realize they are being lied to as their lives improve financially and their overall tax burdens decrease, and between that and this continuous, unending, slanderous pursuit of the straight-talking, productive president, the Democrats who believe the "polls," CNN and other portside media will be highly confused come the night of 3 November 2020.

Watch & see... 😁

permafrost Loc: Minnesota

Holy notebook seth,,, you are nutter then a hoot owl..

You love being an orange cult member don`t you...

That 10k limit on local tax write off that we had for generations,, It stuck me and i am more then frosted about it.. I am not rich but I am comfortable..

Those deductions for the middle class are all gone, when the tax for the middle class ends in a few years, will the deduction come back..

Not a bet that anyone will make..

You refuse to believe economic predictions and base it all on knowing dozens of people who are doing well?

strange logic coming from a mature man..


The charges about trump are not false, as was written in the report, despite how Barr spun it.
Only because trump covered his ass better then even believed did he escape..
Sitting in the white house in a time when policy of DOJ is that a sitting president cannot be indicted is one more reason his orange butt wants to be reelected..

He should not be on any reasoned outlook at all. a failure at everything he has done. no business that he has started himself did anything but reach ch. 11..
Living on fathers money and property for all his life, he now was rescued by some unknown dark angle and owes his butt to some red men of power in our longest enemy state..

At a time of historically low interest, trump is increasing the nations debt at a trillion per year.
Right now the interest on the debt is the 3rd largest category the budget has to pay..

With any increase of interest along with the projected over runs in the next 10 to 20 years,, the country will not manage to survive as a world power.

think of that, in a time of plenty, the orange fool has made the moves to destroy the nation..

So I wish you well but have no optimism that any good will ever come of this orange mans ignorance..

Openmind

Great sarcasm but not much in the way of common sense... but of course, that is the point of sarcasm. I made money on the deal if I live for 10 more years. If I don't live that long i won't be in a position to care anyway! It's called investment.

Seth

Watch the personal income tax cuts become permanent after the GOP's House majority kicks in in 2020, joining the Senate GOP majority as Trump prepares for his second term.

No politics-based, "screw the people" Democrat obstruction, and a SCOTUS that will shoot down any lefty judges who become too big for their britches and try legislating from the bench.



You could show me a dozen links, fifteen maps and six charts "proving" that it's raining cats & dogs...

Fig. B: cats & dogs 🐈 🐈 🐈 🐕 🐕 🐕

...outside. If I go outside and find the weather sunny and dry, should I still conclude that said links, maps and charts are more accurate than what I see for myself?

-- "C'mon, now..."

permafrost Loc: Minnesota

I believe you Seth, you will never let reality and the t***h get in the way of your convictions..

Have a nice evening and enjoy it all..