Page 1 of 32 12311 ... LastLast
Results 1 to 10 of 320
Thanks Tree151Thanks

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

  1. #1
    Bad Policy Good Politics DebateDrone's Avatar
    Joined
    Jul 2014
    Posts
    37,810
    Thanks
    32901

    From
    Border Fence

    Exclamation US GDP Revised Down to Anemic 2.2% Q1 2018

    First-quarter US GDP revised to 2.2%, vs 2.3% growth expected
    U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending.


    Economists expect a $1.5 trillion income tax cut package, which came into effect in January, will spur faster economic growth this year and lift annual GDP growth close to the Trump administration's 3 percent target.



    The government also reported that after-tax corporate profits surged at a 5.9 percent rate last quarter after increasing at a 1.7 percent pace in the fourth quarter.

    That was the fastest pace of growth in profits since the first quarter of 2016 and reflected a boost from the reduction in the corporate tax rate to 21 percent from 35 percent. According to the Commerce Department, taxes on corporate income decreased $117.4 billion in the first quarter.
    https://www.cnbc.com/2018/05/30/seco...-2018-gdp.html


    Are you still waiting for your MAGA?
    Last edited by DebateDrone; 31st May 2018 at 12:41 AM.

  2. #2
    Wawa Skittletits BDBoop's Avatar
    Joined
    Dec 2010
    Posts
    44,172
    Thanks
    39848

    From
    Tweet Tweet
    Yeah, I just read that. Campaign promise was 4%, then reality set in so he said 3%.

    Twenty-three views, no responses. Hmm.
    Thanks from HenryPorter

  3. #3
    Member Arkady's Avatar
    Joined
    Sep 2017
    Posts
    2,334
    Thanks
    3279

    From
    Massachusetts
    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?
    I wouldn’t mind that if it were coupled with Obama-style deficit reductions. 2.2% while gradually getting your fiscal house in order is respectable. But when you’re rapidly expanding the deficit, you expect to see some short-term stimulus in exchange for all that extra long-term debt. The problem is so much of that deficit increase is accounted for in upper class tax cuts and military spending increases, which are nearly economically inert.
    Thanks from Babba, galatin, BigLeRoy and 7 others

  4. #4
    Cat-tastic Babba's Avatar
    Joined
    Jul 2007
    Posts
    69,105
    Thanks
    51324

    From
    So. Md.
    We need someone on the right to explain why we're not being trickled down on. I thought it was supposed to trickle down.
    Thanks from NeoVsMatrix

  5. #5
    Southern Strategy Liberal OldGaffer's Avatar
    Joined
    Jul 2013
    Posts
    42,592
    Thanks
    45037

    From
    Nashville, TN
    Quote Originally Posted by Babba View Post
    We need someone on the right to explain why we're not being trickled down on. I thought it was supposed to trickle down.
    You have to pay the Russian prostitutes the big bucks to get the trickle down...

  6. #6
    Bad Policy Good Politics DebateDrone's Avatar
    Joined
    Jul 2014
    Posts
    37,810
    Thanks
    32901

    From
    Border Fence
    Quote Originally Posted by BDBoop View Post
    Yeah, I just read that. Campaign promise was 4%, then reality set in so he said 3%.

    Twenty-three views, no responses. Hmm.
    I wasn't going to rub in the 4% Trump claim. Back then everyone said that was not going to happen.

    Trump was the ONE that was going to change all that. During the GOP primaries, All of Trump's opponents called out Trump's claims as BS, but MAGAs chose to believe the claims.

    Trump is fundraising in Tx today. There is no good economic news to tout.

  7. #7
    Southern Strategy Liberal OldGaffer's Avatar
    Joined
    Jul 2013
    Posts
    42,592
    Thanks
    45037

    From
    Nashville, TN
    What happened to our resident "Trumpconomy" cheerleader?
    Thanks from Dragonfly5 and MaryAnne

  8. #8
    Bad Policy Good Politics DebateDrone's Avatar
    Joined
    Jul 2014
    Posts
    37,810
    Thanks
    32901

    From
    Border Fence
    Quote Originally Posted by Arkady View Post
    I wouldn’t mind that if it were coupled with Obama-style deficit reductions. 2.2% while gradually getting your fiscal house in order is respectable. But when you’re rapidly expanding the deficit, you expect to see some short-term stimulus in exchange for all that extra long-term debt. The problem is so much of that deficit increase is accounted for in upper class tax cuts and military spending increases, which are nearly economically inert.
    ...that coupled with higher interest rates will hit the middle class even harder.

    No real wage benefits from the massive tax cuts as promised and higher interest rates on personal debt ...it's not going to be a Merry Christmas.
    Thanks from Babba and NightSwimmer

  9. #9
    Veteran Member
    Joined
    Jul 2011
    Posts
    32,222
    Thanks
    417

    From
    Tennessee
    .1 isn't much of a change.

  10. #10
    Cat-tastic Babba's Avatar
    Joined
    Jul 2007
    Posts
    69,105
    Thanks
    51324

    From
    So. Md.
    Quote Originally Posted by roberthughey View Post
    .1 isn't much of a change.
    He said we'd get 4% growth.

Page 1 of 32 12311 ... LastLast

Similar Threads

  1. US GDP revised to 3.3%
    By bajisima in forum Current Events
    Replies: 143
    Last Post: 30th November 2017, 01:07 PM
  2. Replies: 17
    Last Post: 16th July 2017, 02:57 PM
  3. Q2 GDP revised down from original dismal 1.2%.
    By Goofball in forum Current Events
    Replies: 262
    Last Post: 30th August 2016, 07:06 PM
  4. Maybe police training needs to be revised
    By Dr Sampson Simpson in forum Current Events
    Replies: 85
    Last Post: 25th September 2014, 11:35 AM
  5. Q1 revised GDP in negative territory
    By bajisima in forum Economics
    Replies: 6
    Last Post: 29th May 2014, 08:13 AM

Tags for this Thread


Facebook Twitter RSS Feed