PeterS wrote:
And here's something else Don -- remember when Trump said we were going to see GDP numbers of 3,4,5,6% and even higher? Now Trump wasn't talking about quarterly numbers either, he was talking about yearly GDP. Well, 17 was 2.8, 18 was 2.5, and 19 was 2.3. Now I am writing this year off because of the v***s but the trend under Trump was an economy that was going down not up. And yes, I know that we had reached full employment but Hillary's monkey could have put up numbers like that and produced the same employment numbers. The only difference is that the monkey really would entertain the entire country and not just you conservatives along the way.
Now here is my point--this world's best economy EVER that Trump and his puppets liked to crow about was nothing but hype and the proof positive is that Trump needed a deficit of a trillion dollars each year to accomplish what he accomplished. Now it just so happens that a trillion yearly works out, roughly, to be 4.5%. Now think about that, to achieve economic growth of 2.5% he had to borrow 4.5% to accomplish it!
I just find it so incredibly ironic that you so-called capitalists and supply-siders can't accomplish a goddamn thing without massive borrowing from the government! It was the same under Reagan, the same under Bush Jr, and the same under Trump. And if you want to point your finger at Obama the only reason he ran up so much debt was because of the economy handed to him by Junior. At least under Obama, the debt was getting less each year whereas under Trump we are going to be lucky if the debt he accumulates doesn't sink this entire country.
You people claim to h**e government, yet, you can't accomplish a goddamn thing economically without it. So not only are you f*****ts you're hypocrites to boot! Just sayn...
And here's something else Don -- remember when Tru... (
show quote)
I'm impressed, F*****t Pete, that you got the GDP numbers right. Gains of 2.8, 2.5, and 2.3 were up from the last two years of the Obama economy (1.9 and 2.0) when the weak expansion was running out of steam. Trump is always optimistic and his goal of 4 or 5 percent reflects that optimism. But what he got was pretty good considering the circumstances. Our business cycle ran an average of 4.5 years during the last two centuries. The outliers were the extended recessions of the 1870s and the 1930s. But economic expansions changed with Reagan's supply-side economics which gave us the two longest expansions in the nation's history in the 1980s and again in the 1990s. By the time we got to Obama's economy, supply-side economics were history, and the expansion labored under the 6th highest corporate tax rate in the world and 3000 new onerous regulations. Obama's expansion was running out of gas in his last two years (1.9 and 2.0 percent), but still was longer at 7 years than the average of the last two centuries. It probably would have rolled over into recession except for Trump's Presidency which brought back supply-side economics and improved trade relations that returned factory jobs to America. Trump's policies extended the economic expansion 3 more years, to ten years, exceeding the Reagan expansions. And it went against a negative yield curve which ALWAYS precipitates recession. If not for the C****a v***s, who knows how far the expansion might have gone.