Conservatives railed about Obama not having a year above 3% GDP growth leading up to the 2016 election. It’s likely that 2018 will be Trump’s best year of his presidency, and it’d take a Christmas Miracle for him to reach 3% annual GDP growth in 2018. It’s a decent chance that he won’t even beat Obama’s 2.9% in 2015.
So, what gives? Trump has unleashed business potential by scaling back regulations. He’s showing his mad negotiating skills on trade. He signed a massive tax cut that was a deficit fueled windfall to corporations and the wealthy. Why on earth are we not getting “4 percent, 5 percent or even 6 percent”? I just don’t understand why these GOP policies aren’t resulting a booming economy!!
If it is a booming economy, then I suppose 2015 was a more booming economy since it had higher growth? Hmm.
Obviously a) we didn’t cut taxes enough and b) the Obama/Hillary/Deep State-controlled Fed torpedoed the roaring Trumponomics Engine by raising interest rates.
Oh and the (((Soros)))-funded invasion caravans are sucking away our economic vitality at the southern border.
I dont care what trump supporters answers or excuses will be…i just want the american public to understand they got suckered again by people who would ■■■■ all over them given the chance.
After retail sales numbers that came out this morning, Barclay lowered their Q4 estimate to 2.1% which would put annual GDP growth at around 2.85 (which will round up to 2.9% in the reports). The 4th quarter needs to grow at 2.6% in order for 2018 break even with 2015 (2.881%). A Q4 of 2.7% would result in an annual rate of 2.887%. Prior to today, a few of the major Q4 estimates were:
ATL Fed: 2.7%
NY Fed: 2.41%
St. Louis Fed: 2.57%
Moody’s: 2.7%
Todays reports are going to bring all of those down.
Y’all are forgetting another big one. Big fat dumb Donald had the Federal Reserve raise the federal funds rate seven times to 2.4% in order to get the economy to grow. The dotard should have let the Fed keep it at an effective 0% like it was in 2015 when the economy was booming.
Dumb Donald strikes again. He doesn’t even realize the effect of raising this rate has on increasing interest paid on debt and growing the federal deficit. Smoke and mirrors.
But we were assured that this is the best the economy has ever done, that America is more prosperous than it ever has been, and Trump is the most productive and successful President in history. Those can’t all be lies, can they?
