How are we going to pay for all this shit?

[WTF]

Originally Posted by Tiny

And your point is? Everybody here knows you can’t trust anything that comes out of Trump’s mouth.

.

Everybody? If that were the case we would not be having all this election nonsense.

Everyone with half a brain knows is how you may should have worded that. Lustylad, bambino, Salty ,Waco and many many more worship and hang on every word Trump utters....

Why do you think lustylad was bolstering on and on about "Trumps" economy and how great it was. He in fact is still trying to do so.

Originally Posted by Tiny

You’re cherry picking by looking at 2014 to 2016. And making a correlation between who’s president and the GDP growth rate is kind of nonsensical. But you already know that.

I believe in business cycles and what the Fed does has way more effect on the economy than any one President.

That said, it was one of your economic heroes, lustylad who was cheering picking years. The fairest look at both Obama and Trump's GDP numbers is to compare Obama's last 3 years and Trumps first 3.

Now if you want to compare each entire Presidential terms....I've done that too but your economic hero, lustylad, once again did not like those numbers and wanted to cherry pick the Obama years 2011-2016.

Please explain why the best years to compare both Obama and Trump are not Obama's last 3 and Trumps first 3. Is it because doing so does not fit your narrative about Trumps tax cuts?

[WTF]

Cherrying picking...not cheering picking! Lol

[lustylad]

Originally Posted by WTF

Please explain why the best years to compare both Obama and Trump are not Obama's last 3 and Trumps first 3. Is it because doing so does not fit your narrative about Trumps tax cuts?

No, you cherry-picking fool. You're the partisan hack trying to fit a narrative, not me. If we have a record of 7 undistorted years to gauge a President's economic performance, we use ALL of them. We don't cherry pick the first, middle, or last 3 years out of the 7 available data sets. We use them ALL because it gives us a fuller measure of that President's performance. Trump only has 3 undistorted years for us to examine. If he had 7 or 8 years, we would use all of them too.

I've been eminently fair by discarding both 2009 and 2020 from the comparison for obvious reasons. It would be a distortion to blame or penalize Obama for the 2008/09 recession, and it would likewise be a distortion to blame/penalize Trump for covid virtually shutting down our economy in 2020.

[lustylad]

Originally Posted by WTF

Cherrying picking...not cheering picking! Lol

What's "cherrying picking"??

You're such an incurable klutz - you even fuck up your own corrections!

[bambino]

Originally Posted by lustylad

What's "cherrying picking"??

You're such an incurable klutz - you even fuck up your own corrections!

LMAO!!!!!!!!!!

[WTF]

Originally Posted by lustylad

Trump only has 3 undistorted years for us to examine. If he had 7 or 8 years, we would use all of them too.

.

But he does not have 8 years from which to compare, much like Jimmy Carter. How about you compare Trump'sGDP numbers to Carters!

The most comparable, that would eliminate as many variables as possible, is Obama's last three and Trump's first three. It is like comparing Brett Favre and Aaron Rodgers. The best comparison is the years closest to when they had the same teammates. Do yo see how many variables there are just teammates wise not including injuries...just think about the numerous more variables the economy has. So while I think it a lesson in futility (especially with a known liar such as yourself) I think the best by far...is the way in which I have presented

I see why the fuck you do not want to use that 6 year section....it is because they are virtually the same. Probably because Trump was a Democrat, he sure spent like one! Should we look at that too?

[WTF]

Originally Posted by lustylad

What's "cherrying picking"??

You're such an incurable klutz - you even fuck up your own corrections!

Originally Posted by bambino

LMAO!!!!!!!!!!

Cherrying picking is what you and bambino did long ago in the back seat of a car along a rural road listening to Don Mcclane hoping nobody would catch yall.

[WTF]

Originally Posted by WTF

Trump's GDP numbers vs other Presidents

https://finance.yahoo.com/news/gdp-g...121008953.html



Here’s a look at average GDP growth rates under the last six U.S. presidents:

Jimmy Carter (D): 3.25%

Ronald Reagan (R): 3.48%

George H.W. Bush (R): 2.25%

Bill Clinton (D): 3.88%

George W. Bush (R): 2.2%

Barack Obama (D): 1.62%

Donald Trump (R): 0.95%

In his first four years in office, Trump has had by far the lowest average U.S. GDP growth rate of any of the last seven U.S. presidents.

.

Oh wait....we already have a comparison of Carters and Trumps!

[lustylad]

Originally Posted by WTF

I believe... what the Fed does has way more effect on the economy than any one President.

The fairest look at both Obama and Trump's GDP numbers is to compare Obama's last 3 years and Trumps first 3.

As usual, you babble away and make no fucking sense.

The Fed had the pedal to the metal during obama's entire first term. It didn't end QE until 2014. By your logic, that should argue for including those early years (2010-2013) in any analysis. Instead, you want to exclude them because you don't like the way they drag down his GDP growth numbers.

If the Fed is so omnipotent, why didn't QE lift odumbo's GDP? Maybe it was because of all those oppressive taxes and regulations he weighed us down with?

Trying to grow an economy with dim-retards in charge is like running in a race wearing 20-pound lead anklets!

[Tiny]

I just looked up the YoY GDP number for the third quarter. I thought this would give me the ammo to show that Joe Biden is an economic genius, deserving of the Nobel Prize in economics, for generating historically high GDP numbers. Of course that would ignore that last year we were in the depths of one of the worst recessions in U.S. history because of COVID.

And what did I find? We were only up 2% YoY in the 3rd quarter. Most of the recovery from the depths of COVID occurred in the third quarter of 2020, when QoQ GDP was up almost 35%.

So what does this show about the genius or lack thereof of Trump and Biden? Well, probably nothing. Who's leader of the country doesn't have a lot to do with GDP performance.

[lustylad]

Tiny - the quarterly GDP numbers are not measured YoY (Year-over-Year). They're clocked versus the previous quarter. Otherwise they would be misleading. For instance - in a recession, the economy may bottom out and resume growing, with quarterly output higher than the prior quarter yet still lower than the year-earlier quarter. In that case, the YoY GDP change would still be negative, even though the economy is actually expanding again.

So the GDP change is calculated from the previous quarter, then annualized. If the raw number is +0.9%, then an annual growth rate of +3.6% is reported.

Here are the quarterly annualized GDP results since covid struck:

Q1 2020: - 5.1%
Q2 2020: -31.2%
Q3 2020: +33.8%
Q4 2020: + 4.5%

Q1 2021: + 6.3%
Q2 2021: + 6.7%
Q3 2021: + 2.0% (prelim. est.)

https://www.statista.com/statistics/...gdp-in-the-us/

Last year's wild swings in Q2 and Q3 are unprecedented and will be studied by economists for years to come. And let's not forget they occurred during the run-up to the 2020 election, with dim-retards like wtf and adav8 hoping and praying for the economy to stay in the dumps and fearful when it came roaring back at an annual 34% rate!

The Federal Reserve currently expects real GDP growth of 5.9% for full-year 2021.

The question Biden and his sad-sack crew of clueless dim-retards keep ducking is - why in the fuck would anyone in their right minds want to pour ANOTHER humongous $5 trillion in federal spending onto the fires of a demonstrably OVERHEATED and OVER-STIMULATED economy where the inflation rate has already QUADRUPLED and there are labor shortages everywhere??

Gee, wasn't that the question you were posing (sort of) when you started this thread??

[Tiny]

Originally Posted by lustylad

Tiny - the quarterly GDP numbers are not measured YoY (Year-over-Year). They're clocked versus the previous quarter. Otherwise they can be misleading. For instance - in a recession, the economy may bottom out and resume growing, with quarterly output higher than the prior quarter yet still lower than the year-earlier quarter. In that case, the YoY GDP change would still be negative, even though the economy is actually expanding again.

So the GDP change is calculated from the previous quarter, then annualized. If the raw number is +0.9%, then an annual growth rate of +3.6% is reported.

Here are the quarterly annualized GDP results since covid struck:

Q1 2020: - 5.1%
Q2 2020: -31.2%
Q3 2020: +33.8%
Q4 2020: + 4.5%

Q1 2021: + 6.3%
Q2 2021: + 6.7%
Q3 2021: + 2.0%

https://www.statista.com/statistics/...gdp-in-the-us/

Last year's wild swings in Q2 and Q3 are unprecedented and will be studied by economists for years to come. And let's not forget they occurred during the run-up to the 2020 election, with dim-retards hoping and praying for the economy to stay in the dumps and fearful when it came roaring back at an annual 34% rate!

The Federal Reserve currently expects real GDP growth of 5.9% for full-year 2021. The question nobody seems to be asking is - why in the fuck would anyone in their right minds want to pour ANOTHER humongous $5 trillion federal spending package onto the fires of an already OVERHEATED and OVER-STIMULATED economy where the inflation rate has QUADRUPLED and there are labor shortages everywhere??

Gee, wasn't that the question you were posing when you started this thread???

My post was totally screwed up LustyLad. I didn't have Bloomberg available this morning so was just randomly looking up numbers on the internet. I see that YoY GDP was actually up 4.9% for the 3Q of 2021. So I guess Biden actually is a genius, like I first thought! (Note for Hedonist: This is sarcasm.)

I didn't know that about QoQ GDP numbers, that they're annualized. Thanks for that. So I guess the 2% that I probably got from Statista too was the annualized increase in GDP from the 2Q to the 3Q of 2021.

Agreed about your conclusions. The combination of the American Rescue Plan, the infrastructure bill, and the Build Back Better bill is throwing gasoline on the fire.

[lustylad]

Originally Posted by Tiny

Agreed about your conclusions. The combination of the American Rescue Plan, the infrastructure bill, and the Build Back Better bill is throwing gasoline on the fire.

BBB = Burn Baby Burn!!

[Tiny]

Originally Posted by lustylad

BBB = Burn Baby Burn!!

Hilarious!

[lustylad]

Originally Posted by WTF

In December 2017, Trump had talked about blah, blah, blah...

Originally Posted by Tiny

And your point is? Everybody here knows you can’t trust anything that comes out of Trump’s mouth...

What I said earlier in this thread about adav8 also applies in spades to wtf!

Originally Posted by lustylad

Trump says stupid things too. Most of the time, he's trolling and goading people like you into saying something stupider. You never fail him either.