this fucking asshole actually won the "Nobel Prize for Economics", only proves they have no idea what they're talking about
they still think government is the solution face)(*^%
"If we Republicans choose Donald Trump as our nominee, the prospects for a safe and prosperous future are greatly diminished. Let me explain why I say that. First on the economy. If Donald Trump's plans were ever implemented, the country would sink into prolonged recession. A few examples. His proposed 35 percent tariff-like penalties would instigate a trade war and that would raise prices for consumers, kill our export jobs and lead entrepreneurs and businesses of all stripes to flee America."
"His tax plan in combination with his refusal to reform entitlements and to honestly address spending would balloon the deficit and the national debt. So even though Donald Trump has offered very few specific economic plans, what little he has said is enough to know that he would be very bad for American workers and for American families. But you say, wait, wait, wait. Isn't he a huge business success? Doesn't he know what he's talking about?"
-- Mitt Romney
face)(*^%
"His tax plan in combination with his refusal to reform entitlements and to honestly address spending would balloon the deficit and the national debt. So even though Donald Trump has offered very few specific economic plans, what little he has said is enough to know that he would be very bad for American workers and for American families. But you say, wait, wait, wait. Isn't he a huge business success? Doesn't he know what he's talking about?"
-- Mitt Romney
face)(*^%
Hillary Clinton: “Trump’s policies would throw us into a recession, the last thing we need.”
Barack Obama: “What magic wand do you have? And usually, the answer is he doesn’t have an answer.”
Paul Krugman, The New York Times: “So we are very probably looking at a global recession, with no end in sight.”
Mark Cuban, Dallas Mavericks: “In the event Donald wins, I have no doubt in my mind the market tanks.”
Barack Obama was the first US president EVER not to reach 3.0% GDP in a year.
They said his sights were set too high.
The GDP for the second quarter this year jumped to a whopping 4.1%.
Paul Krugman, The New York Times: “So we are very probably looking at a global recession, with no end in sight.”
Mark Cuban, Dallas Mavericks: “In the event Donald wins, I have no doubt in my mind the market tanks.”
Barack Obama was the first US president EVER not to reach 3.0% GDP in a year.
They said his sights were set too high.
The GDP for the second quarter this year jumped to a whopping 4.1%.
Keep betting against the supposed experts, the Trump haters, the swamp & elites & keep betting on Trump......he will be reelected in 2020
President Trump Rips the Kenyan in Touting Outstanding 4.1% GDP Rate
[video=youtube;XJBD74cbp0k]https://www.youtube.com/watch?time_continue=4&v=XJBD74cbp0k[/video]
President Trump:When I came into office 1.5 million fewer prime age Americans were working than 8 years before. We had lost almost 200,000 manufacturing jobs under the previous administration. And, you all know, they said you have to lose manufacturing jobs it will get worse and worse. Manufacturing jobs are obsolete – no they’re not obsolete. They’re the greatest jobs we have. More than 10 million additional Americans had been added to food stamps. But we’ve turned it all around. Once again we are the economic envy of the entire world.
[video=youtube;XJBD74cbp0k]https://www.youtube.com/watch?time_continue=4&v=XJBD74cbp0k[/video]
President Trump:When I came into office 1.5 million fewer prime age Americans were working than 8 years before. We had lost almost 200,000 manufacturing jobs under the previous administration. And, you all know, they said you have to lose manufacturing jobs it will get worse and worse. Manufacturing jobs are obsolete – no they’re not obsolete. They’re the greatest jobs we have. More than 10 million additional Americans had been added to food stamps. But we’ve turned it all around. Once again we are the economic envy of the entire world.
Policy baby we$$$we$$$we$$$we$$$
G-d I hate defending that Putz Obama, but just trying to keep it real . These are annual figures vs QTRLY numbers where even Obozo was able to see 4 QTRS during his tenure over 4%
I want to repeat, Obama was able to sail along with the wind at his back . The economy grew despite every effort on his part to destroy because the Fed ( Yellen and Bernake) had his back . Maintaining a zero interest rate policy ( emergency measures of course ) and pumping in 3.5 trillion dollars of liquidity kept the economy and markets afloat on a massive dose of heroin
Trump is trying to sail with the wind in his face , and its starting to feel like hurricane conditions are forecast . Not only are rates rising but liquidity is being drained from the system . Tax cuts are great ( the income tax rate should be zero, and the IRS shut down for good) , but without spending cuts, are deficits are going to be close to a trillion, and will be 2-3 trillion if we see a real slowdown.
My guess is this the high GDP report Trump will see, as we saw pulling demand forward because of the tariffs ( soybean exports in particular,) and then the effect of these rate hikes and liquidity draw downs start to take kick in
Just look at how the market reacted to the report, which by the way, was below expectations ( hard to believe we could come in with a lower reality when Trump says we have the greatest economy of all time
If it drove stocks prices up, home prices up, and manipulated bond yields lower, what happens when you reverse course ????
New Home Sales Tumble To 8-Month Lows Despite Price Plunge
Despite a plunge in median new home prices to their lowest since Feb 2017, and the most new homes for sale since March 2009, new home sales tumbled 5.3% MoM in June to the weakest since October 2017...
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[FONT=lucida_granderegular]Existing Home Sales Suffer Worst Losing Streak Since 2014, Price Hits Record High
"This dynamic is keeping home price growth elevated, pricing out would-be buyers and ultimately slowing sales..."
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If it all goes to shit on Trumps watch, because of the Fed, exploding deficts, and a stock market collapse, G-d help us all
Next POTUS
Lets see...a half-ass, economically illiterate and stupid “stimulus” versus...
a combination of tax reform, getting rid of endless wet blanket regulations and getting tough on trade (which hasn’t even really kicked in yet).
Boy, I’m just scratching my head trying to decipher which one had the more positive economic impact.
