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Thread: US GDP Revised Down to Anemic 2.2% Q1 2018

  1. #51
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by excalibur View Post
    Øbama averaged 1.6% in his eight years of pain.
    With a bit of statistical trickery, perhaps. As the following link shows, if you are averaging ANNUAL data, the average was actually only 1.5%.

    However, if you average QUARTERLY data, which is a BETTER procedure, for there are MANY more data points, the average for the Obama years is 2.0%. Still not great. However, some of our better economists EXPECTED painfully slow growth in the wake of the worst financial/banking/credit crisis since 1929. You can't say you weren't warned about that, because you WERE.

    Roskam says Obama admin the first to never top 3% in annual GDP growth | PolitiFact Illinois

    From the link: As for the remainder of Obama’s time in office, quarterly GDP growth averaged 2.0 percent, or 1.5 percent when averaging out annual figures.

  2. #52
    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    With a bit of statistical trickery, perhaps. As the following link shows, if you are averaging ANNUAL data, the average was actually only 1.5%.

    However, if you average QUARTERLY data, which is a BETTER procedure, for there are MANY more data points, the average for the Obama years is 2.0%. Still not great. However, some of our better economists EXPECTED painfully slow growth in the wake of the worst financial/banking/credit crisis since 1929. You can't say you weren't warned about that, because you WERE.

    Roskam says Obama admin the first to never top 3% in annual GDP growth | PolitiFact Illinois

    From the link: As for the remainder of Obama’s time in office, quarterly GDP growth averaged 2.0 percent, or 1.5 percent when averaging out annual figures.

    Personally, I'll take slow and steady growth over boom and bust cycles.
    Thanks from BigLeRoy

  3. #53
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    Personally, I'll take slow and steady growth over boom and bust cycles.
    Enjoy this boom while it lasts!

    Goldman Sachs CEO Lloyd Blankfein: "I haven't felt this good since 2006!"
    Thanks from NightSwimmer

  4. #54
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    Quote Originally Posted by BigLeRoy View Post
    Obama never promised 4% growth. See the difference? Mr. Trump should be held ACCOUNTABLE for his FAILED PROMISES.

    The Failed Economic Promises Of Donald Trump
    You are correct, Obama promised 4.5% growth.

  5. #55
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by DebateDrone View Post
    First-quarter US GDP revised to 2.2%, vs 2.3% growth expected

    https://www.cnbc.com/2018/05/30/seco...-2018-gdp.html


    Are you still waiting for your MAGA?
    Still better than the Obama 1.3% GDP (almost but not quite double.) Remember the 1st quarter us normally the worst quarter for GDP Growth because of the spending that is done during the Christmas season.

    Nuff said.

  6. #56
    Bad Policy Good Politics DebateDrone's Avatar
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    Quote Originally Posted by Libertine View Post
    You are correct, Obama promised 4.5% growth.
    According to who? I bet you 100$ it some Trump official.

  7. #57
    Flibbertigibbet Wonderer's Avatar
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    Predictions for the 2nd Q are rosier. But, of course, they're predictions. Proof will be in the pudding: https://www.marketwatch.com/story/us...say-2018-05-31
    Thanks from bajisima

  8. #58
    Bad Policy Good Politics DebateDrone's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Still better than the Obama 1.3% GDP (almost but not quite double.) Remember the 1st quarter us normally the worst quarter for GDP Growth because of the spending that is done during the Christmas season.

    Nuff said.
    You shouldn't even be comparing Obama's Term 1 to Trump's if you were honest. Obama started out in a recession.

    Trump has continued Obama's Term 2 Q4 numbers.

    Once again Trump started out with a Million dollars and now has 1,125,000 in the bank.

    He's a genius

  9. #59
    Veteran Member MaryAnne's Avatar
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    Quote Originally Posted by DebateDrone View Post
    First-quarter US GDP revised to 2.2%, vs 2.3% growth expected

    https://www.cnbc.com/2018/05/30/seco...-2018-gdp.html


    Are you still waiting for your MAGA?
    What? Those figures must be wrong! He promised!

  10. #60
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by Wonderer View Post
    Predictions for the 2nd Q are rosier. But, of course, they're predictions. Proof will be in the pudding: https://www.marketwatch.com/story/us...say-2018-05-31
    They also claim to be preparing to raise interest rates possibly twice more. That could have a negative effect. CNBC tv pundits did a poll among the 5 economists that appear on the network and 4 of them said 3% GDP this year and 3.3 % unemployment rate by mid terms. Recession predicted by end of 2019 or early 2020.
    Thanks from Wonderer and BigLeRoy

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