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Thread: The Failed Economic Promises Of Donald Trump

  1. #11
    Veteran Member TNVolunteer73's Avatar
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    Lets see this is his first year..

    He has created a doubling of the Obama 1.6% GDP Growth. it is only 1.1% away from the 4% 12 month rolling GDP is now 2.9% annualized GDP growth



    Deficit.. well his tax cuts if the GDP Growth is >1.9% are revenue positive, which means that the Deficit will be LESS than if we were under the Obama tax code.

    So please get it right.

  2. #12
    Under Protest excalibur's Avatar
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    TDS is a bitch.

  3. #13
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Lets see this is his first year..

    He has created a doubling of the Obama 1.6% GDP Growth. it is only 1.1% away from the 4% 12 month rolling GDP is now 2.9% annualized GDP growth



    Deficit.. well his tax cuts if the GDP Growth is >1.9% are revenue positive, which means that the Deficit will be LESS than if we were under the Obama tax code.

    So please get it right.
    Get it right, indeed. The average real GDP growth rate for Obama's second term was 2.3%, not 1.6%. And 2.3% happens to be the same as what we just saw for the 1st Quarter of 2018. EVERY CREDIBLE FORECASTER expects growth to slow down after this year, to about 2.5% next year (2019), and to less than 2% in 2020 and beyond. That would include the CBO, the Federal Reserve, the International Monetary Fund (IMF), the Committee for a Responsible Federal Budget, and every other serious budget forecaster that I know of.

  4. #14
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    Meanwhile inflation keeps inching up and up...any benefits of the tax plan are now eaten up in higher prices and higher consumer goods.

  5. #15
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Mister B View Post
    Meanwhile inflation keeps inching up and up...any benefits of the tax plan are now eaten up in higher prices and higher consumer goods.
    Not really because wages are increasing out pacing inflation.. in other words thanks to Trump no bracket creep

  6. #16
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Not really because wages are increasing out pacing inflation.. in other words thanks to Trump no bracket creep
    I'm glad that some people are keeping ahead of inflation.

    Others are not.

    Inflation is getting close to the 2% target the Fed has been aiming for.

    Some people are getting raises of 2% or more.

    And others are not.

    Shrug. It's a mixed bag.

  7. #17
    Radical Centrist BigLeRoy's Avatar
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    I intend to keep this thread near the top of the Economics Forum so long as Mr. Trump is failing to keep the economic promises he made to the American public.

    And, oh boy, is he ever failing to keep them.
    Thanks from NightSwimmer and RNG

  8. #18
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    I intend to keep this thread near the top of the Economics Forum so long as Mr. Trump is failing to keep the economic promises he made to the American public.

    And, oh boy, is he ever failing to keep them.
    I hope you do and we can see how far off you were in your accusations.

    I am loving it.

    Liberals running around "It cannot be true" Trump's economy is booming.


    I now you are missing the Bygone days of 1.3% Economic Growth. Declining wages, exploding welfare rolls, Part-time workforce created by the policies of 44.

  9. #19
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    I hope you do and we can see how far off you were in your accusations.

    I am loving it.

    Liberals running around "It cannot be true" Trump's economy is booming.


    I now you are missing the Bygone days of 1.3% Economic Growth. Declining wages, exploding welfare rolls, Part-time workforce created by the policies of 44.
    Um, hello? Hello? Earth to TNVolunteer? Are you there? Go back and look at the OP again, please!

    (1) We are nowhere CLOSE to the 4% economic growth that Trump PROMISED. Real GDP growth for the 1st Quarter of 2018 was just lowered to a fairly anemic 2.2%, actually a bit below the average growth rate of Obama's last four years. We may get a better 2nd quarter, but after that, virtually EVERY credible forecaster is expecting to growth to SLOW DOWN in 2019 and then even more so in the years after that.

    (2) Mr. Trump's policies are causing the trade deficit, which he always harps on, to become LARGER, not smaller! It is almost at its highest level in 10 years! [A technical factor caused it to fall a bit this past month, but it will rise again this next month.]

    (3) Where oh where is the "cheaper and better healthcare" that Mr. Trump promised us? MOST Americans are going to get SOCKED IN THE TEETH by HUGE increases in their health-insurance premiums over the course of the next year. If you don't understand why, then you just don't understand how health insurance markets work.

    (4) Oh, and the tax cut. The tax cut was a big WHIFF, for the middle class. Already gone, in gasoline price increases. More price increases coming down the pike. Uh-oh.
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  10. #20
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    Um, hello? Hello? Earth to TNVolunteer? Are you there? Go back and look at the OP again, please!

    (1) We are nowhere CLOSE to the 4% economic growth that Trump PROMISED. Real GDP growth for the 1st Quarter of 2018 was just lowered to a fairly anemic 2.2%, actually a bit below the average growth rate of Obama's last four years. We may get a better 2nd quarter, but after that, virtually EVERY credible forecaster is expecting to growth to SLOW DOWN in 2019 and then even more so in the years after that.

    (2) Mr. Trump's policies are causing the trade deficit, which he always harps on, to become LARGER, not smaller! It is almost at its highest level in 10 years! [A technical factor caused it to fall a bit this past month, but it will rise again this next month.]

    (3) Where oh where is the "cheaper and better healthcare" that Mr. Trump promised us? MOST Americans are going to get SOCKED IN THE TEETH by HUGE increases in their health-insurance premiums over the course of the next year. If you don't understand why, then you just don't understand how health insurance markets work.

    (4) Oh, and the tax cut. The tax cut was a big WHIFF, for the middle class. Already gone, in gasoline price increases. More price increases coming down the pike. Uh-oh.
    You have to understand, TNV blames Obama for the Great Recession, after all it bottomed out after he was elected, that makes it his fault for the #Trumpcult

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