$1.5 trillion U.S. tax cut has no major impact

Apr 2015
13,944
2,466
Katmandu
#31
Federal tax revenues have FALLEN as a percentage of GDP, which is what MATTERS. We had one QUARTER of 4.2% growth. Whoop-de-do! Obama had FIVE quarters of growth that exceeded that. Growth is now slowing, and we will NOT get anywhere even NEAR Trump's promise of 4% growth for this year. If you don't know that, you're about the only damn person in the world that doesn't. Aside from 2018, the last year of 3% growth America had was in 2005, the MAXIMAL year of the Great American Housing Bubble of the 2000's.

That was something we should not want to repeat.
What are you claiming here, that Obama had better economic growth than Trump?
 
Apr 2015
13,944
2,466
Katmandu
#32
(1) Growth is SLOWING DOWN, from the 4.2% in the 2nd Quarter of 2018 to the 3.5% you cite above for the 3rd Quarter, to a likely ~3.0% for the 4th Quarter of 2018. The 1st Quarter number for 2019 is likely to be rather bad, thanks to the government shutdown, the intensifying U.S./China trade war, slowing economies abroad, and declining consumer confidence. Very few credible forecasters are expecting anything better than 2.5% growth for 2019, and MANY are seeing a recession in 2020. Trump PROMISED economic growth of 4%, or 5%, or even 6% (ABSURD!). He is FAILING that promise. Obama, by the way, had FIVE quarters of growth that exceeded that 4.2% number.....

(2) Consumer confidence has, in fact, FALLEN since Mr. Trump took office.

(3) The Congressional Budget Office, and others, have forecasted that the Trump tax cuts are pushing America towards another financial crisis a la 2008/2009.

https://www.sfgate.com/nation/article/Trump-tax-cuts-carry-huge-debt-risk-of-another-13028061.php
Economic growth is slowing? 1.5% in 2016, 2.4% in 2017 and 3%+ in 2018 is a slowing trend?
 
Apr 2015
13,944
2,466
Katmandu
#34
A post full of bull. If Americans thought the Trump economy was really helping them, consumer confidence would be going UP, not DOWN. DUH!!
CC was plummeting in the end of the, peaking in Jan 2015 and falling from there on, and is much higher today than before Trump won the election.
 

RNG

Moderator
Jan 2015
13,886
9,711
Left coast
#35
Yeah, talk to me about which president added more to the national debt.

If you guessed Obama...you are a winner!!!

You must be so proud...
Name another president who was served up a bigger pile of shit from a Republican abject failure and was able to right the ship so quickly and successfully.

You can't. The Republicans, the worst fiscal managers ever and consistently. Just look at the numbers.
 
Likes: BigLeRoy
Oct 2014
31,338
5,567
C-A-N-A-D-A-Eh
#36
Name another president who was served up a bigger pile of shit from a Republican abject failure and was able to right the ship so quickly and successfully.

You can't. The Republicans, the worst fiscal managers ever and consistently. Just look at the numbers.
Funny how Obama blamed it all on bush for his whole presidency. Trump took responsibility for the shift in the economy before he even took office.
 

RNG

Moderator
Jan 2015
13,886
9,711
Left coast
#37
Funny how Obama blamed it all on bush for his whole presidency. Trump took responsibility for the shift in the economy before he even took office.
I really need a link to that. And By his second term, Obama didn't need to blame anyone. He did a great job. Why are Trump supporters allergic to real numbers?
 
Jul 2014
36,601
9,636
midwest
#38
Name another president who was served up a bigger pile of shit from a Republican abject failure and was able to right the ship so quickly and successfully.

You can't. The Republicans, the worst fiscal managers ever and consistently. Just look at the numbers.
You seem to have forgotten to answer the question of which American president added the most to the national debt?

And...Who had the biggest defecits?

It's pretty easy, because it's not even close.

Obama is the winner by a mile.

Or a kilometer, if you wish.

Just look at the numbers...

Thanks Obama!
 
Apr 2015
13,944
2,466
Katmandu
#39
Name another president who was served up a bigger pile of shit from a Republican abject failure and was able to right the ship so quickly and successfully.

You can't. The Republicans, the worst fiscal managers ever and consistently. Just look at the numbers.
The recession bottomed out in Dec 2008, it completely ended and the economy started growing on its own in June 2009, all Obama had to do to get credit for a roaring recovery was stay out of the way, which he refused to do. So Obama gets a 1.58% real growth rate of the economy as his legacy. He delivered $2.7 trillion of economic growth after $15 trillion of economic stimulus and leaving over $9 trillion in debt that must be repaid.
 
Apr 2015
13,944
2,466
Katmandu
#40
I really need a link to that. And By his second term, Obama didn't need to blame anyone. He did a great job. Why are Trump supporters allergic to real numbers?
The end of Obama's second term left us with 1.5% of real economic growth and $1.4 trillion of debt added in FY2016.

Obama's great job is the worst economic record in modern history and an foreign policy record of horrible decisions that destroyed the lives of tens of millions in the middle east and northern africa.