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8/18/2017 9:29:12 PM
14
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Keep dreaming buddy
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Same to you.
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You do realize you don't see the real effects of a president till they leave office right?
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[quote]All of which is the result of the Obama years.[/quote]
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So you people seriously think that Obama's policies after seven years of the same economic growth of 1.5% magically jumps up to 2.5% when Trump comes into power? Yeah right. The economy is growing because regulations have been cut from Obama's book of big government. If you don't believe the percentages take a look: www.zerohedge.com/news/2017-01-27/barrack-obama-now-only-president-history-never-have-year-3-gdp-growth
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Edited by kellygreen45: 8/18/2017 10:34:11 PMAnticipation of tax cuts to come, that he hasn't delivered on. Markets over react to good news, and over react to bad news: Oh and Obama Inherited an economic tumbling towards a second Great Depression.
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Which he lead even closer to one. The economy is growing because of cut regulations. If Trump kept the same policies Obama did the economy would stay at 1.5%. Common sense could tell us this, Trump has removed regulations but the media doesn't cover that. You don't suddenly get from 1.5% to 2.5% by doing the same thing.
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https://tradingeconomics.com/united-states/gdp-growth Look at the last 10 years and tell me what the "Trump effect" has been. To me it just looks like he's maintained the status quo, although as has been said elsewhere the effect of his "policies" won't have been felt in GDP growth yet.
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*cough* cutting regulations *cough*
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Your missing the part where GDP growth took a big bump after the recession and has hovered more or less in the same place for the last 8 years. There's been no significant increase in growth with Trump.
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1.0% isn't a significant increase? Really. Yeah Obama's economy stays at 1.5% for 8 years, that wasn't anything near exceptional growth.
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Well it was in real terms because it contracted so severely during the recession. Any growth at all was a good thing. But where have you got that Obama averaged 1.5%? That chart clearly shows it averaging out at just over 2%, which is fairly healthy. You might also notice it was just under 6% for the first quarter of 2015. One quarter isn't enough to get an accurate picture of growth especially as Trump hasn't got a whole year of data behind him. Loads of things affect growth, something as simple as a public holiday falling outside the usual accounting period and inflating flight prices in a different quarter than usual, for example. And as far as regulations go, any changes he's made will kick in in the next fiscal year. But I don't see how 2.6% for this quarter is incongruous with the average rate since 2009.
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Did you even read my link?
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Edited by PaulM1c3: 8/18/2017 11:19:07 PMIts dead or you copied it wrong. But why can't you just look at the actual gdp figures? You don't need an article when you can see the numbers yourself. All these sources just get their data from the government and those figures show no dramatic change in growth. You've also got to consider that Obama's overall growth figure will be heavily affected by the recession. A year of severe negative growth is obviously going to affect that, but if you take it from when it levelled off at the beginning of 2010 its a pretty respectable average. You're acting like 1 quarters growth figures are super significant, but that's just not how it works. You won't be able to get a proper understanding of Trumps effect on growth for at least 3 more years.
