Supply-Side Economics

[Chicks]

US GDP growth rate since 2008. You may notice, if your idiot eyes weren’t shut, that Donny’s promised 4% rate is nowhere to be seen. But you either don’t understand facts, or, far more likely, simply refuse to.

[whell]

Originally Posted by Chicks

US GDP growth rate since 2008. You may notice, if your idiot eyes weren’t shut, that Donny’s promised 4% rate is nowhere to be seen. But you either don’t understand facts, or, far more likely, simply refuse to.

No one "promised" a 4% growth rate, genius. But we're getting much closer to the 3% to 4% growth rate that WaPo thought was "nearly impossible" just 6 months ago.

Also, your chart barely includes Q1 2018, so the numbers posted above are far more current.

[Chicks]

Originally Posted by whell

No one "promised" a 4% growth rate, genius.

http://www.businessinsider.com/trump...promise-2017-1

As part of the inauguration of President Donald Trump, the new White House rolled out a number of policy promises on its new website.
The position page on jobs and the economy makes a promise for the US economy that Trump may find pretty hard to keep.

"To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth," reads the White House site.

The 4% GDP promise is one that Trump has made before, but now it is the official promise of the White House and the president.

[Rajoo]

Originally Posted by whell

No one "promised" a 4% growth rate, genius. But we're getting much closer to the 3% to 4% growth rate that WaPo thought was "nearly impossible" just 6 months ago.

Also, your chart barely includes Q1 2018, so the numbers posted above are far more current.

From Chicks link from above, this is worth repeating.

"To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth," reads the White House site.

The 4% GDP promise is one that Trump has made before, but now it is the official promise of the White House and the president.

The only problem is delivering on this promise will be incredibly difficult.

Currently, the US is stuck in a slow growth pattern since the financial crisis and has been unable to escape the 1.5% to 2.5% annual growth corridor over the past seven years. This is lower than the 3.1% percent average annual GDP growth we've been experiencing since 1950.

There, put that in your pipe and smoke it whell.

And while we are at it, the deficit is widening due to lower revenue from corporate taxes and increased expenses, both gifts from Trump on his quest for MAGA as America goes broke.

[Chicks]

Originally Posted by Rajoo

There, put that in your pipe and smoke it whell.

Whell's so stupid, he'd choke on the smoke.

[whell]

Originally Posted by Rajoo

From Chicks link from above, this is worth repeating.


There, put that in your pipe and smoke it whell.

And while we are at it, the deficit is widening due to lower revenue from corporate taxes and increased expenses, both gifts from Trump on his quest for MAGA as America goes broke.

No thanks, I don't smoke. Especially the hallucinogenic crap the some of you guys seem to be smoking.

Yes, I know what the article "says". The article "called" it a "promise". However, if you look/listen to the actual quote, there was no "promise" there, not even an implied promise.

I agree that the deficit is worrisome. However, the only time some of you seem to worry about it is when there's a Repub in office.

[bobabode]

Originally Posted by whell

No one "promised" a 4% growth rate, genius. But we're getting much closer to the 3% to 4% growth rate that WaPo thought was "nearly impossible" just 6 months ago.

Also, your chart barely includes Q1 2018, so the numbers posted above are far more current.

Still have those blinders screwed down tight, I see. One quarter does not a trend make, Mike.