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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
    Franken-Stein DemoKKKrats 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
    Self Banned Mister B's Avatar
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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.

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