bambino, lustyladdie 2019 GDP...2.3. 4th quarter...2.1

[bambino]

Originally Posted by The_Waco_Kid

Neither yet you tried to claim i made that prediction.






what you post on ECCIE stays on ECCIE.


BAHHAHAHAAAAAAAA

Yep, too bad for Yssup Rider. His encounters are a treasure trove of hilarious shit. Literally, shit. What the fat fuck should thumb a ride to Austin. He could stick his head up Asswipes ass and wiggle his ears and Asswipe wouldn’t know.

[WTF]

Originally Posted by The_Waco_Kid

Neither yet you tried to claim i made that prediction.






what you post on ECCIE stays on ECCIE.


BAHHAHAHAAAAAAAA

I apologize...you're not as stupid as lusty and bambino.

[The_Waco_Kid]

Originally Posted by WTF

https://www.businessinsider.com/trum...omy-gdp-2020-1


Here is the Business Insider pointing out how dumbfucs like Wacko fell for the 4% GDP growth...

Originally Posted by WTF

I apologize....

[adav8s28]

Originally Posted by SpeedRacerXXX

If the GDP is so dependent on the new trade agreements, why is the 2020 GDP projected to be once again in the low 2s, and even lower if things do not go well? And 2021 not projected to be any better. The only reason the 2018 GDP under Trump was 2.9% was due to the massive tax break given to corporations which has worn off. Trump promised a GDP of 3.0% and higher.

https://www.conference-board.org/data/usforecast.cfm

"The consensus of professional forecasters is that real GDP growth will dip below 2% in 2020."

https://www.stlouisfed.org/publicati...dp-growth-2020

"Economic Growth

U.S. GDP growth will slow to 2.0% in 2020 from 2.2% in 2019. It will be 1.9% in 2021 and 1.8% in 2022. That's according to the most recent forecast released at the Federal Open Market Committee meeting on December 11, 2019.

The projected slowdown in 2019 and beyond is a side effect of the trade war."

https://www.thebalance.com/us-economic-outlook-3305669

+1

Good post Speedracer!

[adav8s28]

Originally Posted by The_Waco_Kid

like your demigod FDR before him, Obama's huge stimulus package actually delayed recovery by several years. the economy would have recovered faster on its own if the dumbfuck hadn't done anything. butt when did a big gov money wasting Dem ever pass up an opportunity to spend money yeah?

According to the same economist(Kimberly Amadeo) that wrote the article in your link in post #29 of this thread, Obama's stimulus worked.

BY KIMBERLY AMADEO
Updated November 07, 2019
President Barack Obama outlined the economic stimulus package during his 2008 campaign. Congress approved the American Recovery and Reinvestment Act (ARRA) in February 2009.1 The Congressional Budget Office estimated it would add $787 billion in budget deficits by 2019.2




The economic stimulus package ended the Great Recession by spurring consumer spending. Most importantly, it instilled the confidence needed to boost economic growth. It also aimed to restore trust in the financial services industry. It limited bonuses for senior executives in companies that received the Troubled Asset Relief Program (TARP) funds.3


How It Worked
ARRA had three spending categories. It cut taxes by $288 billion. It spent $224 billion in extended unemployment benefits, education, and health care. It created jobs by allocating $275 billion in federal contracts, grants, and loans.4


Congress designed the Act to spend nearly $720 billion, or 91.5%, in its first three fiscal years. It allocated $185 billion in FY 2009, $399 billion in FY 2010, and $134 billion in FY 2011.5

The Obama administration did better than planned. By the end of FY 2009, it spent $179 billion according to the February 2015 report by the Congressional Budget Office—the final ARRA report in 2015. Of that, $68 billion went toward tax relief and credits. Another was spent on $34 billion in health services and $21 billion on education. It also spent $28 billion on unemployment compensation and $13 billion on extra Social Security and veterans' checks.

The report estimated the total impact on the deficit would be $836 billion by 2019. As of fiscal year 2014, ARRA had added $827 billion to the deficit. Of that, $303 billion went toward tax relief and credits. Another $141 billion was spent on health services and $97 billion on education. It spent $64 billion on unemployment compensation and $48 billion on the Supplemental Nutrition Assistance Program.6

How Well It Succeeded
In a 2009 report, the CBO projected ARRA would stimulate gross domestic product by 1.4% to 3.8% for the fourth quarter in 2009.7 The stimulus was successful in 2009 GDP. The economy grew 1.7% in the third quarter and 3.8% in the fourth quarter. That's a big improvement over the first quarter's 6.7% drop and the second quarter's 0.7% decline.8


https://www.thebalance.com/what-was-...ackage-3305625

[The_Waco_Kid]

Originally Posted by adav8s28

According to the same economist(Kimberly Amadeo) that wrote the article in your link in post #29 of this thread, Obama's stimulus worked.

BY KIMBERLY AMADEO
Updated November 07, 2019
President Barack Obama outlined the economic stimulus package during his 2008 campaign. Congress approved the American Recovery and Reinvestment Act (ARRA) in February 2009.1 The Congressional Budget Office estimated it would add $787 billion in budget deficits by 2019.2




The economic stimulus package ended the Great Recession by spurring consumer spending. Most importantly, it instilled the confidence needed to boost economic growth. It also aimed to restore trust in the financial services industry. It limited bonuses for senior executives in companies that received the Troubled Asset Relief Program (TARP) funds.3


How It Worked
ARRA had three spending categories. It cut taxes by $288 billion. It spent $224 billion in extended unemployment benefits, education, and health care. It created jobs by allocating $275 billion in federal contracts, grants, and loans.4


Congress designed the Act to spend nearly $720 billion, or 91.5%, in its first three fiscal years. It allocated $185 billion in FY 2009, $399 billion in FY 2010, and $134 billion in FY 2011.5

The Obama administration did better than planned. By the end of FY 2009, it spent $179 billion according to the February 2015 report by the Congressional Budget Office—the final ARRA report in 2015. Of that, $68 billion went toward tax relief and credits. Another was spent on $34 billion in health services and $21 billion on education. It also spent $28 billion on unemployment compensation and $13 billion on extra Social Security and veterans' checks.

The report estimated the total impact on the deficit would be $836 billion by 2019. As of fiscal year 2014, ARRA had added $827 billion to the deficit. Of that, $303 billion went toward tax relief and credits. Another $141 billion was spent on health services and $97 billion on education. It spent $64 billion on unemployment compensation and $48 billion on the Supplemental Nutrition Assistance Program.6

How Well It Succeeded
In a 2009 report, the CBO projected ARRA would stimulate gross domestic product by 1.4% to 3.8% for the fourth quarter in 2009.7 The stimulus was successful in 2009 GDP. The economy grew 1.7% in the third quarter and 3.8% in the fourth quarter. That's a big improvement over the first quarter's 6.7% drop and the second quarter's 0.7% decline.8


https://www.thebalance.com/what-was-...ackage-3305625

my my my said the spider to the fly ..

bad move. now you are trapped in the web.


Obama's economic failures outweigh successes

Public debt rose, many tax reforms failed under Barack Obama's 8-year term




https://www.aa.com.tr/en/americas/ob...ccesses/691847


How Trump rescued the economy from Obama's failed policies

https://www.washingtonexaminer.com/o...ailed-policies


More Economic Mistakes Made By The Obama Administration

https://www.peoplespolicyproject.org...dministration/


This economy is definitely not Obama’s recovery


https://nypost.com/2018/09/12/this-e...amas-recovery/


Sorry Obama, But It's Trump's Economic Boom, Not Yours


https://www.investors.com/politics/e...oming-economy/


The fragile legacy of Barack Obama

https://www.brookings.edu/blog/fixgo...-barack-obama/

Trump’s reversal of failed Obama policies has created a booming economy

https://www.foxnews.com/opinion/trum...ooming-economy


Trump rescued America from the economic oblivion under Obama

https://thehill.com/opinion/white-ho...on-under-obama


Assessing the Obama legacy

Using his own mileposts, the president has failed

https://www.washingtontimes.com/news...RoCTeAQAvD_BwE


Why Obama Failed

He was brilliant at many things, but economics is not one of them.


https://fee.org/articles/why-obama-f...BoCKwAQAvD_BwE



you must now post 10 different articles claiming why that traitor faggot Obama helped the economy.


BAHHAHHAAHHHAAAAAAA

[oeb11]

Fascist DPST's just praying for a recession.

They cannot think in a constructive way to forward a candidate with something other than mass Socialism/Marxist ideology - which won't sell to the vast majority of America.



DPST's - you cannot make it into the socialist republic of amerika this election.

[WTF]

Originally Posted by The_Waco_Kid

[B]Trump’s reversal of failed Obama policies has created a booming economy


[



A

Reversal?

We're back to QE and GDP hasn't improved and he has done this with TRILLION dollar deficits.

Comparing apples to apples Obama's deficits his last 3 years are much less than Trumps first 3 years.

Pitiful really.

[eccielover]

Originally Posted by WTF

Reversal?

We're back to QE and GDP hasn't improved and he has done this with TRILLION dollar deficits.

Comparing apples to apples Obama's deficits his last 3 years are much less than Trumps first 3 years.

Pitiful really.

LOL...what's pitiful is trying to compare apples to apples Obama's last three years with Trump's first three years.

Trump's first three years has been clearing the damage done by the Obama admin, just like the left claims Obama's first three years were clearing the damage of the Bush administration.

You do understand apples to apples will mean comparing Obama's last 3 three years to Trumps last three years and that will take until 2024 to do.

[lustylad]

Originally Posted by WTF

We're back to QE and GDP hasn't improved and he has done this with TRILLION dollar deficits.

3 lies in one sentence!

1. QE ended in 2014. As I already noted, the Fed's balance sheet has contracted since then. FOMC actions to smooth out short-term money markets do NOT constitute QE.

2. GDP growth was only 1.6% in odumbo's last year. Under trump the economy has expanded during the last 3 calendar years by 2.4%, 2.9% and 2.3%, respectively. Which means national output has IMPROVED, measured both by level and growth rate.

3. The federal budget deficit has stayed under $1 trillion in each of the past 3 fiscal years (ending September 30). It was $665 billion in 2017, $779 billion in 2018, and $984 billion last year. As a % of GDP it remains well below the levels we endured during odumbo's first term, when the annual deficit blew past $1 trillion in all 4 years and WTF never uttered a word of criticism.

Bottom line - WTF is a liar, a fraud, and a partisan hack. But hey, let's give the bozo credit for stuffing 3 lies into a single sentence!

WTF is too dishonest to admit he would be delighted if a dim-retard was running with trumpy's economic record!!

[The_Waco_Kid]

Originally Posted by WTF

Reversal?

We're back to QE and GDP hasn't improved and he has done this with TRILLION dollar deficits.

Comparing apples to apples Obama's deficits his last 3 years are much less than Trumps first 3 years.

Pitiful really.

where in the article i posted does it mention QE under Trump? remember .. unlike you everyone else in this forum can actually read ..



https://www.foxnews.com/opinion/trum...ooming-economy


quote me from that article any mention of Quantitative Easing ..

Originally Posted by lustylad

3 lies in one sentence!

1. QE ended in 2014. As I already noted, the Fed's balance sheet has contracted since then. FOMC actions to smooth out short-term money markets do NOT constitute QE.

2. GDP growth was only 1.6% in odumbo's last year. Under trump the economy has expanded during the last 3 calendar years by 2.4%, 2.9% and 2.3%, respectively. Which means national output has IMPROVED, measured both by level and growth rate.

3. The federal budget deficit has stayed under $1 trillion in each of the past 3 fiscal years (ending September 30). It was $665 billion in 2017, $779 billion in 2018, and $984 billion last year. As a % of GDP it remains well below the levels we endured during odumbo's first term, when the annual deficit blew past $1 trillion in all 4 years and WTF never uttered a word of criticism.

Bottom line - WTF is a liar, a fraud, and a partisan hack. But hey, let's give the bozo credit for stuffing 3 lies into a single sentence!

WTF is too dishonest to admit he would be delighted if a dim-retard was running with trumpy's economic record!!

be patient! the day's not over yet. he might find a way to stuff 4 lies into one sentence!


BAHAHAHAAA

[HoeHummer]

Originally Posted by lustylad

3 lies in one sentence!

Yous are now bothered by lies, interchangeable partsy?

LOLLING!

[lustylad]

Originally Posted by HoeHummer

Yous are now bothered by lies...

Yes, when I have to keep bitch-slapping the same liar for repeating the same lies over and over...

Btw yssup the ban man - your entire presence on this board is a lie!

[WTF]

Originally Posted by eccielover

You do understand apples to apples will mean comparing Obama's last 3 three years to Trumps last three years and that will take until 2024 to do.

Trump's first three years and last three years will overlap by two years!

[The_Waco_Kid]

Originally Posted by WTF

Trump's first three years and last three years will overlap by two years!

uh .. what? it's been shown by the budget data for the only years you can compare, the first 3 only, that Obama fueled the debt by 3 times the rate Trump's first 3 budgets have.

butt facts don't seem to matter to you yeah?


and i'm still waiting for yous to post the 3 major components of the fed debt and which parts are good.