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An economic reminder. When Obama almost topped 5% GDP just 4yrs ago not a con said a word.

Discussion in 'Latest Political News and Current Events' started by Spamature, Jul 27, 2018.

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  1. Spamature

    Spamature President

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  2. EatTheRich

    EatTheRich Senator

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  3. Spamature

    Spamature President

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    Like I said been there done that. Yet the same people who blindly praise this one off stat, swore up and down that the books were being "cooked"under Obama. There won't be a burst of pre tariff purchase to lean on next quarter. Unless he imposes even more tariffs that will come back to bite us in the future, that is.
     
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  4. Dawg

    Dawg President Supporting Member

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    [​IMG]O
     
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  5. Spamature

    Spamature President

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    And ?
    Trump had an annual growth of 2.3% in his first full year.
     
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  6. Dawg

    Dawg President Supporting Member

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    we're in second year now...……...
     
  7. justoffal

    justoffal Governor

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    AHEM

    Here is the complete list of average annual real GDP growth by postwar presidents in descending order and boy
    Do I mean descending.



    Johnson (1964-68), 5.3%
    Kennedy (1961-63), 4.3%
    Clinton (1993-2000), 3.9%
    Reagan (1981-88), 3.5%
    Carter (1977-80), 3.3%
    Eisenhower (1953-60), 3.0%
    (Post-WWII average: 2.9%)
    Nixon (1969-74), 2.8%
    Ford (1975-76), 2.6%
    G. H. W. Bush (1989-92), 2.3%
    G. W. Bush (2001-08), 2.1%
    Truman (1946-52), 1.7%
    Obama (2009-15), 1.5%

    Jo
     
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  8. Spamature

    Spamature President

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    You posted yearly stats. The stat for this year doesn't exist yet. He could completely tank the economy before the year is out. Just like he did with his casinos or the other scams he ran.
     
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  9. Spamature

    Spamature President

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    And which one of them inherited a depression ?
     
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  10. justoffal

    justoffal Governor

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    The financial crash was a global phenomenon. It was coming one way or another. Sure the GOP removed some of the safeties that made it come faster but it was the result of 25 years of really bad money policy.

    The real truth about Obama's low average, not the depression.... The real truth was his hostility towards Corporate America and their decision to keep nearly 9 trillion dollars in investable funds overseas and away from his greedy, socialist, redistributionist paws.

    It is now beginning to filter back in.

    Jo
     
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  11. justoffal

    justoffal Governor

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    That's true.... Nobody had a crystal ball but there are smart and stupid ways to move forward. To date only a few business men have been in the Oval office. So far his ideas have been constructive.

    Jo
     
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  12. Spamature

    Spamature President

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    Partisan gobbledygook that only partially reflect what happened.

    BTW Corporations had record profits year after year under Obama even in the darkest parts of that economic collapse.
     
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  13. Bugsy McGurk

    Bugsy McGurk President

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  14. Spamature

    Spamature President

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    It's sweet to look back at all the time they spent calling people sycophants for posting the stats about the economy under Obama. Now their slack jawed when those same stats beat the Trump numbers they praise like the second coming.
     
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  15. Spamature

    Spamature President

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    I question his decisions. Should we have a down turn we can't use tax cuts to bolster the economy. He used them to pour gasoline on an already roaring fire. As they are interest payments are going to start really adding up.

    [​IMG]
     
  16. justoffal

    justoffal Governor

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    Of course they did anytime you lay off a hundred employees and sell off five parts of your company the stock prices go up.That's like chopping off your hand during a famine and making a roast of it.

    Jo
     
  17. 4/15

    4/15 Mayor

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  18. sensible don

    sensible don Mayor

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    Remember the golden rule - a 100 million dollar economic upturn made by Obama is horrible but a 100 million dollar economic upturn made by Trump is simple "smokin hot" news - Katie bar the door

    What is funny is, what Anti-Trumpster didn't see this double standard coming - ZERO
     
  19. Tor-Pete-O

    Tor-Pete-O Mayor

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    Show me a headline from 2014 celebrating Obobo's quarter of 5% GDP! Do it!

    This country hasn't seen growth like that but a couple of times in our history. It would have been HUGE news........but it wasn't.

    Why?

    Creative accounting that's why. Beacuse it didn't happen that's why. Numbers cooked after the fact that's why.
     
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  20. EatTheRich

    EatTheRich Senator

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    Is your Goggle broke?
    https://www.washingtonpost.com/news...in-more-than-a-decade/?utm_term=.d820a900a706
     
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