The Dumpsterfire Economy

[whell]

Originally Posted by bobabode

"U.S. economic growth slowed unexpectedly at the end of last year, providing a sharp contrast to the Trump administration’s enthusiastic talk about the economy and putting fresh pressure on the Republican tax bill to deliver in a way few independent analysts say it can.
The economy expanded at an annualized rate of 2.6 percent from October through December, below the 3 percent many administration officials and outside economists had expected.
Altogether, the economy grew 2.3 percent last year, better than the year before, but short of what President Trump has been promising. The report on gross domestic product, a broad measure of economic activity, cut against the recent round of celebration by the president and his aides about the soaring stock market and U.S. companies delivering tax cut-inspired bonuses to their workers." WP

read:https://www.washingtonpost.com/busin...=.822a3858b6e3

Despite Herr Drump's 'pie in the sky' projections...

This is just absolutely f'ing hilarious. I remember your "thank you Obama" posts back when the economy was growing at about 1.5%, and unemployment was over 6%, and wage growth was flat.

We now have statistically full employment, 2.6% GDP growth in the most recent complete calendar quarter, increasing demand for labor, rising wages and projections for more of the same in 2018 and beyond, and you're going to bitch about that?

Too funny.