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

[WTF]

Originally Posted by eccielover

That is unless it's the only thing you have left to quibble over while the Trump economy breaks records everywhere else.

Please name the records...

[WTF]

Originally Posted by WTF

https://www.eccie.net/showthread.php...sugar+high+gdp


03-01-2019, 02:49 PM #1 lustylad
Premium Access



Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 14,007
Encounters: 7


Where is WTF? Is He On A "Sugar High"?
This is for all those pathetic Trump-haters who can't stop whining fecklessly about our healthy economy.


The Trump Boom Is No Mere ‘Sugar High’

The tax cuts primed the productive economy for long-term growth, not a short-term buzz.

By Stephen Moore
Dec. 9, 2018 5:50 p.m. ET

Liberals are tripping over themselves to explain why the economy has performed so much better under Donald Trump than it did under Barack Obama. The economy has grown by nearly 4% over the past six months, and the final number for 2018 is expected to come in at between 3% and 3.5%. The U.S. growth rate has doubled since Mr. Obama’s last year in office.

When Mr. Trump was elected, many Democratic pundits predicted an economic and stock-market meltdown. Then the economy started surging and they abruptly changed their tune, arguing that Mr. Trump was simply riding a global growth wave. That narrative was shattered when U.S. growth kept steaming ahead even as global growth - especially in China and Germany - stalled.

The latest liberal spin is that the economy is on a “sugar high” from deficit-financed tax cuts and spending hikes. When the rush wears off, they warn, watch out for a crash landing. It’s true that in fiscal 2018 the budget deficit swelled to nearly $800 billion, or about 4.2% of gross domestic product. But the Bureau of Economic Analysis estimates that the economic “contribution” from extra government spending added only 0.23 percentage point to growth in 2018. So even without all the budget bloat, the economy would still be growing well above 3%.

Hello lustyLaffer….can't let you forget this....

[adav8s28]

Originally Posted by WTF

https://www.eccie.net/showthread.php...sugar+high+gdp


03-01-2019, 02:49 PM #1 lustylad
Premium Access



Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 14,007
Encounters: 7


Where is WTF? Is He On A "Sugar High"?
This is for all those pathetic Trump-haters who can't stop whining fecklessly about our healthy economy.


The Trump Boom Is No Mere ‘Sugar High’

The tax cuts primed the productive economy for long-term growth, not a short-term buzz.

By Stephen Moore
Dec. 9, 2018 5:50 p.m. ET

Liberals are tripping over themselves to explain why the economy has performed so much better under Donald Trump than it did under Barack Obama. The economy has grown by nearly 4% over the past six months, and the final number for 2018 is expected to come in at between 3% and 3.5%. The U.S. growth rate has doubled since Mr. Obama’s last year in office.

When Mr. Trump was elected, many Democratic pundits predicted an economic and stock-market meltdown. Then the economy started surging and they abruptly changed their tune, arguing that Mr. Trump was simply riding a global growth wave. That narrative was shattered when U.S. growth kept steaming ahead even as global growth - especially in China and Germany - stalled.

The latest liberal spin is that the economy is on a “sugar high” from deficit-financed tax cuts and spending hikes. When the rush wears off, they warn, watch out for a crash landing. It’s true that in fiscal 2018 the budget deficit swelled to nearly $800 billion, or about 4.2% of gross domestic product. But the Bureau of Economic Analysis estimates that the economic “contribution” from extra government spending added only 0.23 percentage point to growth in 2018. So even without all the budget bloat, the economy would still be growing well above 3%.

Trump did not hit 4% or 3%. Trump did hit 2.9% just like Obama. The eccie reputards will tell you that when Obama hit 2.9% that was slow growth. When Trump hit 2.9% that is setting a record.

Last three years for Obama. First three years for Trump. No ground wars or recession to deal with. The only things the Trump tax cuts did was increase stock buy backs and increase the Federal Budget deficit back to 986 Billion just 14 billion shy of 1 Trillion.

Obama
2.5
2.9
1.6

Trump
2.4
2.9
2.3

https://www.thebalance.com/us-gdp-by-year-3305543

https://www.thebalance.com/us-deficit-by-year-3306306

[bambino]

Originally Posted by WTF

Yes I originally wanted three but bet one...the sugar high one you and lustyLaffer were so sure about.

But Trump can't even get one year!

You two want to try and get even and bet Trump does not get to 3% GDP this year?

Shall we go back and see who all predicted what after the tax cuts that were supposed to pay for themselves.

Tiny would love to see lustylaffers take on how the tax,GDP and deficits would go. Maybe he wouldn't have such a high opinion of his economic prowess.

If you did, Post it.

[eccielover]

Originally Posted by WTF

Please name the records...

Stock Markets and Unemployment for many groups to name a few.

Wages at the middle/lower class finally rising again rather than remaining flat.

But carry on quibbling over the GDP not reaching some magical number.

[WTF]

Originally Posted by eccielover

But carry on quibbling over the GDP not reaching some magical number.

It is the magical numbers Trump promised in 2016 and lustyLaffer bragged about.

I'm pointing out the hypocrisy.

Trump continued on the same trajectory that Ibama was on via unemployment.

The middle class slight uptick is a good thing but can be mainly attributed to the Shale oil boom....hardly something Trump, Obama or even Bush can take credit for.

It is by far the biggest game changer in this country. It has allowed Trump to do things other Presidents have not been able to do. We no longer have to be wary or as wary of the ME and their manipulation of our politics.

[eccielover]

Originally Posted by WTF

It is the magical numbers Trump promised in 2016 and lustyLaffer bragged about.

I'm pointing out the hypocrisy.

Trump continued on the same trajectory that Ibama was on via unemployment.

And liberals promised gloom and doom with the Trump election in 2016. It would be the end of the economy as we know it.

Yet you fail to bring up that hypocrisy. Why is that?

[WTF]

Originally Posted by eccielover

And liberals promised gloom and doom with the Trump election in 2016. It would be the end of the economy as we know it.

Yet you fail to bring up that hypocrisy. Why is that?

If you bring it up.....I will not lie about who said what.

That is wtf lustyLaffer and bambino are doing.

They are running from their bullshit.

[WTF]

Originally Posted by bambino

If you did, Post it.

Are you saying you did not bet me?

[bambino]

Originally Posted by WTF

Are you saying you did not bet me?

I’m saying you never offered single year gdp. I don’t recall you doing that. You were banned during the thread.

[WTF]

Originally Posted by bambino

I’m saying you never offered single year gdp. I don’t recall you doing that. You were banned during the thread.

Really....what bet did we have then?

[WTF]

Originally Posted by bambino

I’m saying you never offered single year gdp. I don’t recall you doing that. You were banned during the thread.

Originally Posted by bambino

Oh, I’ll let you out of the bet. I’ll just wait for WU to ban you!!!!

What was our bet then?

[The_Waco_Kid]

Originally Posted by WTF

What was our bet then?

would you just post the link to what you are talking about or just give it up?


you've been running off about this for 2 weeks now.

[lustylad]

Originally Posted by WTF

Tiny would love to see lustylaffers take on how the tax, GDP and deficits would go. Maybe he wouldn't have such a high opinion of his economic prowess.

Are you mind-reading again and presuming to speak for another eccie member? Unlike you, Tiny is an educated adult who has demonstrated proficiency in basic economic concepts. He doesn't need a doofus like you to ask my "take" on anything.

[WTF]

Originally Posted by lustylad

Are you mind-reading again and presuming to speak for another eccie member? Unlike you, Tiny is an educated adult who has demonstrated proficiency in basic economic concepts. He doesn't need a doofus like you to ask my "take" on anything.

You were the one running around posting articles on GDP getting over 3% because of the tax cuts....not me, How'd that work out for ya?