2Q US GDP increases at huge 4.1% rate

[UCFKnight85]

Nearly doubling the 2.2% increase in Q1.

Further proof that the GOP tax cuts and regulatory reforms have fueled the economy in ways that were needed.

That sound you hear are the socialists now running the DNC crying in their cheerios.

 

[CommuterBob]

Awesome!

 

[UCFWayne]

crumbs*

 

[Colbourns Dream]

Russia

 

[Crazyhole]

Nearly doubling the 2.2% increase in Q1.

Further proof that the GOP tax cuts and regulatory reforms have fueled the economy in ways that were needed.

That sound you hear are the socialists now running the DNC crying in their cheerios.

The only way it stays that high is if Trump gets those tariffs back down or eliminates them completely, particularly from Canada and the EU. There was a massive purchase of products by EU countries just before they implemented those tariffs against us which may be driving 2nd q up.

 

[Knight_Light]

Nearly doubling the 2.2% increase in Q1.

Further proof that the GOP tax cuts and regulatory reforms have fueled the economy in ways that were needed.

That sound you hear are the socialists now running the DNC crying in their cheerios.

Go USA!! Good news for EVERYONE!

 

[Knight_Light]

Nearly doubling the 2.2% increase in Q1.

Further proof that the GOP tax cuts and regulatory reforms have fueled the economy in ways that were needed.

That sound you hear are the socialists now running the DNC crying in their cheerios.

The only way it stays that high is if Trump gets those tariffs back down or eliminates them completely, particularly from Canada and the EU. There was a massive purchase of products by EU countries just before they implemented those tariffs against us which may be driving 2nd q up.

It doesn't have to (and most likely won't) stay above 4% as basically anything above 2% is a sign of a mostly healthy economy.

 

[Crazyhole]

Another thing to consider is that by running a trillion dollar deficit with half of that coming from non-domestic loans, the baseline for GDP growth is already at 2%. Its why the growth we saw over the entirety of the obama years wasn't real growth.

 

[Knight_Light]

Another thing to consider is that by running a trillion dollar deficit with half of that coming from non-domestic loans, the baseline for GDP growth is already at 2%. Its why the growth we saw over the entirety of the obama years wasn't real growth.

In 4 of Obama's last 6 quarters, GDP was at or below (sometimes WAY below) 2%.

In Obama's last Q, it was just barely over 1%.

Then you had Doom and gloom predicted with a Trump ecomony by Dems and those in MSM, it's nice to see that many, including Dems like you, are probably benefiting from today's economy.

 

[NinjaKnight]

Cool. So this totally makes up for the massive $1 TRILLION+ deficit that you conveintly never mention.

Partisan POS

 

[UCFKnight85]

Also, nearly every company reporting earnings is doing well. Minus a few. Great news for everyone's 401k's and investment holdings.

Consumer sentiment also continues to soar, registering a 97.9 vs 97.1 expected.

 

[UCFWayne]

no doubt about it, we need to cut back spending across the board. if i remember correctly, almost every single person in here has called for that...

 

[1ofTheseKnights]

That wealth gonna trickle down now any day.

 

[Crazyhole]

In 4 of Obama's last 6 quarters, GDP was at or below (sometimes WAY below) 2%.

In Obama's last Q, it was just barely over 1%.

Then you had Doom and gloom predicted with a Trump ecomony by Dems and those in MSM, it's nice to see that many, including Dems like you, are probably benefiting from today's economy.

Dems like me? Please. Just because I'm pointing out the fact that 4% growth isnt actually 4% growth it doesnt make me a dem.

In reality, the economy was recessionary for almost the entire 8 years under Obama. There were, and still are no legitimate factors that bring us actual growth. We are experiencing the results of the counter cycle monetary policies of 2008-2012 and the continuation of Keynesian fiscal policies of the last 17 years.

 

[The Branch]

An unseen but very relevant factor is the fact that Obama's massive over regulation was choking the economy. In 2 years, without much fanfare, Trump and his cabinet secretaries have undone a ton of unnecessary and restrictive regulations that were destroying private industry in a variety of different ways.

 

[UCFKnight85]

And for the people assuring everyone that companies won't re-invest on tax savings, this report also stated that Corporate Investment increased by 8% which far exceeds prior quarterly increases.

 

[NinjaKnight]

An unseen but very relevant factor is the fact that Obama's massive over regulation was choking the economy. In 2 years, without much fanfare, Trump and his cabinet secretaries have undone a ton of unnecessary and restrictive regulations that were destroying private industry in a variety of different ways.

What a massive load of completely unsubstantied bullshit. Congrats on swallowing Trump's line hook, line and sinker like the stereotypical uneducated trump MAGAt

 

[Crazyhole]

And for the people assuring everyone that companies won't re-invest on tax savings, this report also stated that Corporate Investment increased by 8% which far exceeds prior quarterly increases.

Its also being driven by repatriation. Its all part of the equation of getting things balanced back out. If we could just do something about government spending and borrowing we would be well on our way to getting back to real growth, but we need a population boom to ever get into the 4 or 5 percent range

 

[1ofTheseKnights]

And for the people assuring everyone that companies won't re-invest on tax savings, this report also stated that Corporate Investment increased by 8% which far exceeds prior quarterly increases.

Not reading the report, but does that mean share buybacks?

 

[UCFKnight85]

Not reading the report, but does that mean share buybacks?

No. It means things like Durable Goods Orders or CAPEX allocated.

 

[1ofTheseKnights]

An unseen but very relevant factor is the fact that Obama's massive over regulation was choking the economy. In 2 years, without much fanfare, Trump and his cabinet secretaries have undone a ton of unnecessary and restrictive regulations that were destroying private industry in a variety of different ways.

I mean I get it we're supposed to bump the Obama bad, Trump good record (in @UCFKnight85 case Drumpf bad til he wins going away like I predicted since day 1), but pull a chart of $SPY 2009-2017... choked economy?

 

[chemmie]

If we could just do something about government borrowing

Isn't that essentially what all of this is? Our economy has been fueled off major borrowing for the last 10 years... and now we added a boatload more to our debt.

This growth is exactly what SHOULD be happening after the amount of money handed back to major corporations. This is good news, of course. But, if major changes aren't made by these corporations, it will only lead to worse financial turmoil in the future due to excessive debt and stagnant wages.

 

[Crazyhole]

Isn't that essentially what all of this is? Our economy has been fueled off major borrowing for the last 10 years... and now we added a boatload more to our debt.

This growth is exactly what SHOULD be happening after the amount of money handed back to major corporations. This is good news, of course. But, if major changes aren't made by these corporations, it will only lead to worse financial turmoil in the future due to excessive debt and stagnant wages.

In q2 its about half. Since 2008 its been over 100%.

Even Keynes would disgaree with what we are doing fiscally.

 

[NinjaKnight]

Love how no one is talking talking about the absolutely massive bailoit Trump wants to provide for the farmers due 100% to his insane trade war with China.

Let me sum it up for you: welfare to white people == hooray Trump!
Welfare to black people == get a job losers!

 

[fried-chicken]

And for the people assuring everyone that companies won't re-invest on tax savings, this report also stated that Corporate Investment increased by 8% which far exceeds prior quarterly increases.

Bought a bunch of robots to get rid of jobs and to increase earnings.

 

[CommuterBob]

best quarter since Q3 2014.

 

[fried-chicken]

Real wages dropped by 2% and GDP went up by 4%

Find the problem.

 

[Crazyhole]

.5% was attributed to China making a huge buy of soybeans prior to their tarriff to stock up. 2% was govt spending, so the economy actually grew buy about 1.5% - inflation which was just under 1% last I checked. Thats about equal the rate of population growth so its legitimate, but it isnt 4%.

 

[Crazyhole]

Love how no one is talking talking about the absolutely massive bailoit Trump wants to provide for the farmers due 100% to his insane trade war with China.

Let me sum it up for you: welfare to white people == hooray Trump!
Welfare to black people == get a job losers!

The bailout has way more causes than just the tarriff. Its been going on for 50 years.

 

[UCFKnight85]

Meanwhile, the Democrat's great socialist hope continues saying stupid stuff

http://www.dailycaller.com/2018/07/27/trevor-noah-alexandria-ocasio-cortez-agenda/

 

[bqknight]

Meanwhile, the Democrat's great socialist hope continues saying stupid stuff

http://www.dailycaller.com/2018/07/27/trevor-noah-alexandria-ocasio-cortez-agenda/

At least we know what kind of sites you like to visit.

 

[Crazyhole]

Meanwhile, the Democrat's great socialist hope continues saying stupid stuff

http://www.dailycaller.com/2018/07/27/trevor-noah-alexandria-ocasio-cortez-agenda/

Im sorry, but nobody has deserved the prize in economics since the 70s. Its all about redirecting dollars anymore and not about wealth creation or even a slight understanding of monetary policy. Completely lost on all of them is the fact that only natural resources can expand wealth.

 

[UCFKnight85]

At least we know what kind of sites you like to visit.

Actually it wasn’t linked from another the site I read. Good to see you skim over the actual video of her though.

 

[Sir Galahad]

Love how no one is talking talking about the absolutely massive bailoit Trump wants to provide for the farmers due 100% to his insane trade war with China.

Let me sum it up for you: welfare to white people == hooray Trump!
Welfare to black people == get a job losers!

And if Trump is successful with his tariff war, what will you say then? Its call tough negotiating,helping those feeling the hit is just smart on his part at the same time sending a message to China that l pressure will not work.

 

[bqknight]

Actually it wasn’t linked from another the site I read. Good to see you skim over the actual video of her though.

I'm not going to watch jacksh!t from a site that makes her look like a monster in their preview frame.

...and before you start, I won't watch sh!t that makes Trump look ridiculous either.

Instant turn off.

 

[UCFKnight85]

I'm not going to watch jacksh!t from a site that makes her look like a monster in their preview frame.

...and before you start, I won't watch sh!t that makes Trump look ridiculous either.

Instant turn off.

It’s an interview of her on the Daily Show. How is that DC “making” her look bad? She’s the socialist great hope of the party. People deserve to see what she’s saying.

 

[bqknight]

It’s an interview of her on the Daily Show. How is that DC “making” her look bad? She’s the socialist great hope of the party. People deserve to see what she’s saying.

Really?

 

[UCFKnight85]

Really?

Smh. The video itself

 

[UCFWayne]

It’s an interview of her on the Daily Show. How is that DC “making” her look bad? She’s the socialist great hope of the party. People deserve to see what she’s saying.

so bq wont even watch a biased liberal talk show do an interview with a socialst candidate?

 

[chemmie]

So, what is worse:
A. This woman stating that we need to tax the ultra-wealthy more and cut spending so our country can get out of the massive debt we have created.
or, B. 85, and Republicans, being in complete denial that we have an outrageously regressive tax scheme in our country that taxes the middle and lower classes more than the ultra-wealthy?