USA Voted Worlds Most Competitive Economy This Year, Last Time This Happened Was 2008

[Tony Trick-Pony]

Excellent job by President Trump.

USA! USA! USA!

[TysonFuryTBE]

Mainstream media today: "8 Years of hardwork from Obama pays off as the economy now soars"

['b']

Didn't he grab puccy doe?

[The Big Dunn]

The growth for the year is more important than for a single quarter. Also had Trump started where Obama was, the economy probably would've grew 5-6% never mind 2-3%, Obama had no where to go but up.

Yes the growth for a year is more important. That doesn't mean quarterly growth is irrelevant. Trump himself celebrated the 4.2 growth from last quarter so clearly he thinks quarterly growth is important.

https://www.statista.com/statistics/...es-since-1990/

Real GDP growth in chart above. 2017 Trump got 2.3%. 2010, 2014, 2015 Obama exceeded that number.

I am all for Trumpers celebrating, just celebrate when Trump has actually accomplished something Obama didn't.

[siablo14]

https://www.usatoday.com/story/news/...et/1670371002/

President Donald Trump says he'll ask Cabinet to cut department budgets by 5 percent

From the article:

Trump's ask comes as the Treasury Department reports that the federal budget deficit rose this year to $779 billion. That amounts to a 17 percent increase over the previous year, and is the highest deficit in six years.

This is where the problems begin- the economy is doing great while simultaneously deficits are extremely high.

The Conservatives are quiet about the deficit. They are hypocrites.

[The Big Dunn]

The Conservatives are quiet about the deficit. They are hypocrites.

The dumb ones don't have any clue so that is expected. The smarter ones know that this is the exact economic environment that led to the recession-economy growing amid huge and growing deficit.

Lets just hope we don't have a repeat of 2008. I don't think any of us want another devastating recession like that.

[siablo14]

The dumb ones don't have any clue so that is expected. The smarter ones know that this is the exact economic environment that led to the recession-economy growing amid huge and growing deficit.

Lets just hope we don't have a repeat of 2008. I don't think any of us want another devastating recession like that.

I know but you have serious hypocrites such as Ted Cruz who have kept quiet. You remember how he and the deficit hawks behaved during Obama's reign.

Trump and Paul Ryan said the deficit would pay for itself. We are not seeing that.
As I called it, they seem to be going after social spending but that won't be easy because they will be hurting their own constituents too.

[Anthony342]

USA was voted this years most competitive economy in the world, an honor that it hand't seen since 2008.

Trumps tax plan, and regulation cuts have helped grow the economy at or almost at 4% GDP this past year. There are now 8 times more manufacturing jobs than there were under Obama, the stock market has soared, and we have collected more revenue from income taxes this year than any other year prior, despite the tax cuts.

WSJ writes,

"But individual income taxes increased by $104 billion, or 7.9%, despite the cut in individual tax rates. How could that be? CBO says one reason is that withholding from paychecks increased by $32 billion, which “largely reflects increases in wages and salaries.” In other words, a faster-growing economy employed more people who made more money."


https://www.cnbc.com/2018/10/17/us-n...e-economy.html

https://www.wsj.com/articles/tax-rev...1919?mod=e2two

Wasn't 2008 also when we had our last recession? Doesn't sounds like a good sign.

[1bad65]

Wasn't 2008 also when we had our last recession? Doesn't sounds like a good sign.

Correlation does not prove causation.

[Vlad_]

Didn't he grab puccy doe?

Probably did, and was giving advice to the Libtard soyboys on what to do in life, so as not to end up depressed and miserable.