row_33 Posted January 25, 2018 Share Posted January 25, 2018 8 minutes ago, Tiberius said: 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 worst situation in economic history.... holy cow that's hyperinflation of 3,000,000%, it was worse than Germany between the World Wars??? Link to comment Share on other sites More sharing options...
Cugalabanza Posted January 25, 2018 Share Posted January 25, 2018 (edited) 1 hour 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 Even this data refutes 3rdnlng's claim that the economy never grew as much as 3% in a quarter under Obama. Also, the numbers are different according to different sources. Here's a report of REAL GDP that shows higher overall numbers for the last few years. Edited January 25, 2018 by Cugalabanza Link to comment Share on other sites More sharing options...
3rdnlng Posted January 25, 2018 Share Posted January 25, 2018 19 minutes ago, Cugalabanza said: Even this data refutes 3rdnlng's claim that the economy never grew as much as 3% in a quarter under Obama. Also, the numbers are different according to different sources. Here's a report of REAL GDP that shows higher overall numbers for the last few years. Are you sure you want to keep doubling down on your assertion? Link to comment Share on other sites More sharing options...
GG Posted January 25, 2018 Author Share Posted January 25, 2018 21 minutes ago, Cugalabanza said: Even this data refutes 3rdnlng's claim that the economy never grew as much as 3% in a quarter under Obama. Also, the numbers are different according to different sources. Here's a report of REAL GDP that shows higher overall numbers for the last few years. Growth is measured on a year over year basis, not quarter on quarter Link to comment Share on other sites More sharing options...
Cugalabanza Posted January 25, 2018 Share Posted January 25, 2018 5 minutes ago, GG said: Growth is measured on a year over year basis, not quarter on quarter If that's true, wouldn't it be wise to wait a bit before announcing Trump as responsible for a big boom? Link to comment Share on other sites More sharing options...
3rdnlng Posted January 25, 2018 Share Posted January 25, 2018 2 minutes ago, Cugalabanza said: If that's true, wouldn't it be wise to wait a bit before announcing Trump as responsible for a big boom? Sure, I'd wait on investing in the stock market too. Link to comment Share on other sites More sharing options...
GG Posted January 25, 2018 Author Share Posted January 25, 2018 2 minutes ago, Cugalabanza said: If that's true, wouldn't it be wise to wait a bit before announcing Trump as responsible for a big boom? It's not done on an annual year to year. You compare the most recent quarter to the previous year's quarter. There's been 4 quarters of data to compare under Trump's term, and the results are fairly convincing. All the positive sentiment that was expressed in the OP has come true, and Trump should get credit for that. Link to comment Share on other sites More sharing options...
Nanker Posted January 25, 2018 Share Posted January 25, 2018 https://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/ Link to comment Share on other sites More sharing options...
row_33 Posted January 25, 2018 Share Posted January 25, 2018 Trump declaring "America is once again open for business and jobs are coming back to your neighbourhood" is 100% for the credit of this great bull market, hope you all are also making a killing off this!!! Link to comment Share on other sites More sharing options...
boyst Posted January 25, 2018 Share Posted January 25, 2018 2 hours ago, row_33 said: ack-ack, you know what to do... 1) I'm club !@#$ing footed 2). I've met GG. I've not met you. GG wins my popularity vote contest* Unless it was 2015 when I was nearly blackout drunk and don't remember much at the game. Link to comment Share on other sites More sharing options...
B-Man Posted January 25, 2018 Share Posted January 25, 2018 SPECIAL RELATIONSHIP: President Trump predicts ‘tremendous increase’ in UK-US trade. It seems like only a day or two ago that David Frum claimed we had a President who was “smashing apart America’s alliance structures.” Unlike some US presidents I could name, whose administration referred to one of our allies as a “chickenshit” and a “coward,” ungraciously dismissed Great Britain fairly regularly, stripped planned missile defenses from our NATO allies in vain pursuit of Putin’s friendship — all before taking Iran’s mullahs into his warm embrace. I seem to recall Obama promising an “Asia pivot” to strengthen our position there, but failing to deliver. Trump however might actually be achieving it by improving military relations with Japan and even Vietnam. And it was Obama who poisoned relations with Egypt, and whose strategic spinelessness over Syria that made Russia a power player in the region for the first time in decades. But Trump is the one upsetting our alliance structure because....................................... reasons. https://pjmedia.com/instapundit/286959/ . Link to comment Share on other sites More sharing options...
row_33 Posted January 25, 2018 Share Posted January 25, 2018 it wasn't strategic, Obama threatened with a red line which was crossed with total impunity and nothing happened Link to comment Share on other sites More sharing options...
DC Tom Posted January 25, 2018 Share Posted January 25, 2018 1 minute ago, row_33 said: it wasn't strategic, Obama threatened with a red line which was crossed with total impunity and nothing happened Not true. Something happened. The Russians gained a metric ****-ton of political leverage in the region. 1 Link to comment Share on other sites More sharing options...
Tiberius Posted January 25, 2018 Share Posted January 25, 2018 44 minutes ago, B-Man said: SPECIAL RELATIONSHIP: President Trump predicts ‘tremendous increase’ in UK-US trade. It seems like only a day or two ago that David Frum claimed we had a President who was “smashing apart America’s alliance structures.” Unlike some US presidents I could name, whose administration referred to one of our allies as a “chickenshit” and a “coward,” ungraciously dismissed Great Britain fairly regularly, stripped planned missile defenses from our NATO allies in vain pursuit of Putin’s friendship — all before taking Iran’s mullahs into his warm embrace. I seem to recall Obama promising an “Asia pivot” to strengthen our position there, but failing to deliver. Trump however might actually be achieving it by improving military relations with Japan and even Vietnam. And it was Obama who poisoned relations with Egypt, and whose strategic spinelessness over Syria that made Russia a power player in the region for the first time in decades. But Trump is the one upsetting our alliance structure because....................................... reasons. https://pjmedia.com/instapundit/286959/ . PJ media! Oh ya! Link to comment Share on other sites More sharing options...
keepthefaith Posted January 25, 2018 Share Posted January 25, 2018 2 hours ago, Cugalabanza said: Even this data refutes 3rdnlng's claim that the economy never grew as much as 3% in a quarter under Obama. Also, the numbers are different according to different sources. Here's a report of REAL GDP that shows higher overall numbers for the last few years. I don't know if either set of numbers are "official" given the source. Another way to look at them though is that the more conservative set which I linked are called "real" GDP numbers meaning true or reliable. Your set are just called GDP numbers. Maybe those are published strictly for use by Obama supporters . More from our dear friend Debbie W-S http://www.foxnews.com/politics/2018/01/25/wasserman-schultz-shrugs-off-1000-bonuses-tied-to-tax-reform-says-wont-go-very-far.html 1 Link to comment Share on other sites More sharing options...
GG Posted January 25, 2018 Author Share Posted January 25, 2018 22 minutes ago, keepthefaith said: More from our dear friend Debbie W-S http://www.foxnews.com/politics/2018/01/25/wasserman-schultz-shrugs-off-1000-bonuses-tied-to-tax-reform-says-wont-go-very-far.html They just keep on digging that hole. Trump should be tweeting these quotes like mad. Link to comment Share on other sites More sharing options...
Koko78 Posted January 25, 2018 Share Posted January 25, 2018 4 hours ago, /dev/null said: 92% of all scientists agree that 78% of all statistics are made up 64% of the time. 4 hours ago, row_33 said: worst situation in economic history.... holy cow that's hyperinflation of 3,000,000%, it was worse than Germany between the World Wars??? The Germans (especially during the Weimar Republic) were pansies. They don't know economic hardship. It only took them ONE wheelbarrow full of Deutschmarks to buy some groceries. We all know that pales in comparison to the situation on January 20, 2009 at 12:01 pm. Hell, even FDR took over a rosy situation from Hoover compared to the heroic struggle that St. Obama was forced to contend with. Link to comment Share on other sites More sharing options...
row_33 Posted January 25, 2018 Share Posted January 25, 2018 buy a bottle of beer and by time you returned it in 15 minutes the bottle deposit was worth more than the price of the beer Link to comment Share on other sites More sharing options...
3rdnlng Posted January 25, 2018 Share Posted January 25, 2018 https://www.usatoday.com/story/money/cars/2018/01/25/fiat-chrysler-hourly-workers-get-5-500-bonus-checks-after-2017-profit/1064686001/ DETROIT — Fiat Chrysler Automobiles on Thursday said U.S. hourly workers would get profit-sharing checks averaging $5,500 after the company's profit nearly doubled in 2017. The checks reflect another bonanza year for the U.S. auto industry. While industry sales were down slightly, they still topped 17 million, just off the record. Besides Fiat Chrysler, Ford said it will be handing out $7,500 profit-sharing checks for an estimated 54,000 hourly unionized workers. Fiat Chrysler, which has its U.S. headquarters in Auburn Hills, Mich., reported a full-year net profit of $4.4 billion, up about 93% from 2016. Link to comment Share on other sites More sharing options...
keepthefaith Posted January 25, 2018 Share Posted January 25, 2018 1 minute ago, 3rdnlng said: https://www.usatoday.com/story/money/cars/2018/01/25/fiat-chrysler-hourly-workers-get-5-500-bonus-checks-after-2017-profit/1064686001/ DETROIT — Fiat Chrysler Automobiles on Thursday said U.S. hourly workers would get profit-sharing checks averaging $5,500 after the company's profit nearly doubled in 2017. The checks reflect another bonanza year for the U.S. auto industry. While industry sales were down slightly, they still topped 17 million, just off the record. Besides Fiat Chrysler, Ford said it will be handing out $7,500 profit-sharing checks for an estimated 54,000 hourly unionized workers. Fiat Chrysler, which has its U.S. headquarters in Auburn Hills, Mich., reported a full-year net profit of $4.4 billion, up about 93% from 2016. That is some good coin. Doing a little math, The Ford bonuses total over $400 million plus Ford will also pay their salaried folks a bonus which will happen in about 30 days. My son is an engineer for Ford and is looking forward to his bonus. Link to comment Share on other sites More sharing options...
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