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Old 10-18-2018, 03:55 PM #61
1bad65 1bad65 is online now
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Originally Posted by JimRaynor View Post
No one, and I mean absolutely no one is predicting a massive recession, not even hardcore lefty liberal economists. So pardon my french, but your talking out you ass.
This is true.

That's one reason the Federal Reserve is raising interest rates.

They figure the economy is strong enough to be able to continue to grow even with higher interest rates.

Iirc, they predicted at least another 2 years of this level of growth.
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Old 10-18-2018, 03:56 PM #62
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How was the economy stunted in 2016 when GDP grew 1.5%? If you think it should've been higher, ok. To say it was stunted is an outright lie that defies the statistics.

The same policies you claim "stunted" the economy yielded bigger GDP growth than Trump did in 2017 while removing these regulations and Trump's pace this year is only set to equal Obama's best year. Further, those policies yielded quarters that exceeded Trump's best quarter to date.

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Stock Market’s Rise, Lauded by Trump, Lags the Gains Under Obama

Jim, the numbers don't show this. You are making things up and not backing it up with any facts.

You are correct about manufacturing jobs and consumer confidence.

Come on dude!
Well you hit the nail on the head, Obama's policies stunted/slowed growth. Slowed growth is precisely what i meant by stunted.

As for this year, we still have to see the last quarter, I think even by conservative estimates Trump will be more than 3% GDP growth. In all honesty the real years of how Trump fares on the economy are going to come in his 3rd and 4th year, that will be the referendum on his job.
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Old 10-18-2018, 04:06 PM #63
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Originally Posted by JimRaynor View Post
Well you hit the nail on the head, Obama's policies stunted/slowed growth. Slowed growth is precisely what i meant by stunted.

As for this year, we still have to see the last quarter, I think even by conservative estimates Trump will be more than 3% GDP growth. In all honesty the real years of how Trump fares on the economy are going to come in his 3rd and 4th year, that will be the referendum on his job.
The numbers don't show that Jim. They show a drop his last quarter but numbers that exceeded Trump's from last year in other years.

The last estimate I saw was 2.9%, which is what Obama had in 2015. If Trump exceeds that, by all means we can discuss then and I will give credit as I have with the job numbers in the main stickied thread. The numbers he gets in year 3 or 4, we can review then them

My point stands-It is just a flat out lie to say the economy is better under Trump to this point than it was under Obama. Trump has yet to exceed Obama's best years in GDP or job growth! He has yet to have a quarter better than Obama's best.

The numbers prove this. 1bad65 may lie every post but the numbers don't!
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Old 10-18-2018, 04:14 PM #64
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Originally Posted by JimRaynor View Post
Well you hit the nail on the head, Obama's policies stunted/slowed growth. Slowed growth is precisely what i meant by stunted.

As for this year, we still have to see the last quarter, I think even by conservative estimates Trump will be more than 3% GDP growth. In all honesty the real years of how Trump fares on the economy are going to come in his 3rd and 4th year, that will be the referendum on his job.
Did Obama even have one fiscal year with growth over 3%?
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Old 10-18-2018, 08:17 PM #65
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No one, and I mean absolutely no one is predicting a massive recession, not even hardcore lefty liberal economists. So pardon my french, but your talking out you ass.
What happened in the 1920's when their were tax cuts for the rich and massive deregulation..? The Great Depression

What happened when Reagan gave tax cuts to rich and massive deregulation..? Recession

What happened when Bush Gave tax cuts to the rich and massive deregulation..? Recession

What do you think is going to happen now that Trump gave tax cuts to the rich and massive deregulation....?
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Old 10-18-2018, 08:21 PM #66
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Originally Posted by Lords View Post
What happened in the 1920's when their were tax cuts for the rich and massive deregulation..? The Great Depression.

What happened when Reagan gave tax cuts to rich and massive deregulation..? Recession

What happened when Bush Gave tax cuts to the rich and massive deregulation..? Recession

What do you think is going to happen now that Trump gave tax cuts to the rich and massive deregulation....?
Just stop. You're showing yourself to be one of those "stupid" voters who doesnt grasp basic Economics.

For starters, correlation does not prove causation.

I asked you how tax cuts cause a recession.

You failed to answer, and instead just repeated the assertion 4 more times.

We get your assertion.

Now you have to prove it.
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Old 10-18-2018, 08:38 PM #67
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Originally Posted by Lords View Post
What happened in the 1920's when their were tax cuts for the rich and massive deregulation..? The Great Depression
Yeah, no thats not what happened.

Quote:
What happened when Reagan gave tax cuts to rich and massive deregulation..? Recession
What happened was the economy grew at 5% and USA entered into one of its most prosperous times.

Quote:
What happened when Bush Gave tax cuts to the rich and massive deregulation..? Recession
Government subsidized toxic subprime mortgages that were given out to people who had no business getting them in the first place is what led to the recession, not the tax cuts.

Quote:
What do you think is going to happen now that Trump gave tax cuts to the rich and massive deregulation....?
Reagan esque prosperity. Not sure what makes you think that letting people keep more of their own money leads to a recession.
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Old 10-19-2018, 04:14 AM #68
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Originally Posted by 1bad65 View Post
Just stop. You're showing yourself to be one of those "stupid" voters who doesnt grasp basic Economics.

For starters, correlation does not prove causation.

I asked you how tax cuts cause a recession.

You failed to answer, and instead just repeated the assertion 4 more times.

We get your assertion.

Now you have to prove it.
I didn't say tax cuts cause recession, I said tax cuts for the rich and massive deregulation will cause another recession.

Until you can admit that Trumps tax plan adds to the deficit I'm not going to bother wasting my time with you and the trolling.

Last edited by Lords; 10-19-2018 at 04:16 AM.
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Old 10-19-2018, 04:16 AM #69
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Originally Posted by JimRaynor View Post
Yeah, no thats not what happened.



What happened was the economy grew at 5% and USA entered into one of its most prosperous times.



Government subsidized toxic subprime mortgages that were given out to people who had no business getting them in the first place is what led to the recession, not the tax cuts.



Reagan esque prosperity. Not sure what makes you think that letting people keep more of their own money leads to a recession.
Keep fooling yourself, we're in a massive bubble now that will soon burst. This can be seen from a mile away. You even got Goldman Sachs douch bags saying the same thing. [Link View Has Been Removed. Click Here To Unlock This Content.]

Boom and bust cycle.

Last edited by Lords; 10-19-2018 at 04:30 AM.
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Old 10-19-2018, 04:54 AM #70
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tax cuts cause rich people to fellate countries....welll what a surprise...
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