Trump Train Economy Gains Speed

Getting mighty dicey to deny Trainmaster Trump.

Commerce Department Revises Second Quarter Growth Up to 4.2%

Breitbart 29 Aug 2018

WASHINGTON (AP) — The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest full-year gain in more than a decade. Strength in business investment offset slightly slower consumer spending.

The Commerce Department on Wednesday revised up its growth estimate for last quarter from an initial estimate of a 4.1 percent annual rate.

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Vindicated Trump supporters will not walk. Nay my friends. They will RUN to the polls to keep the Trumpus MAGA Trrain rolling. Chug chug chugging along and on track for success. Toot toot.

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Can you tell @Cratic3947 that when I put “GDP” in as my Google search term, Google returns mostly stories like this as my top results?

I’m sure he’ll say they must have just tweaked the algorithm in response to Trump’s tweet. LOL!

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Sure glad President Obama was able to get the economic vehicle out the ditch and got the motor rolling again after that tough recession. I’ll give 45 credit for not driving it back in the ditch and the vehicle being able to maintain it’s progress. My bottom line increasing and my wife’s business booming, the past 8 YEARS has been pretty good. :grinning:

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It’s wonderful how Obama pulled the country out of the ditch and it continues to grow. It’s good that the idiot in the WH didn’t nix it.

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Well you are right! I just went and fact checked you! Harrumph!

However…in the middle of the page I found this:

No recession in 2019 but GDP growth might slow, says economist
CNBC-3 hours ago
Randy Anderson, Griffin Capital chief economist, discusses the revision to second-quarter GDP and what he expects for the domestic economy ….

Those darned CNBC economists! But…I’m putting my money on El Trumpus. Well, if I had any money I would.

I’m betting that steely-eyed dems financiers pay more attention to happy happy economy FoxBiz than debbie downer CNBC these days. Whatcha bet?

lol - I posted at same time.

It’s that old Laffer Curve unleashed effect Mx. Jamerican. It is as predicted lo these many years.

Did Obama cut regulations? Give corporate tax cuts?

Least not forget the economy/GDP was almost stagnated in 2016 with 1 and half percent.

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Yet record debt and wages that can’t keep up with cost of living! Weeeeeeeeeeeeeeeeeeeeeeeeee…

Someone is benefiting, but not the average American.

Walmart and CNBC (Yep ol debbie downer CNBC- albeit reluctantly and grudgingly) kinda disagree with you.

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Walmart’s best growth in comp store sales in a decade comes as the U.S. consumer is showing some of the best signs of strength since the recession.

Retail sales jumped in July, but so did the sales performance at retailers as consumers not only went shopping but spent money on travel and dining out.

Economists say consumer spending is being helped by the tax bill and also the fact that U.S. job creation remains strong, even as unemployment dipped below 4 percent.

So when I go to deposit my paycheck, do I write MAGA on it and they magically give me more money?

https://www.wsj.com/articles/u-s-consumer-prices-increase-at-fastest-annual-rate-since-2012-1531398709

Absolutely unnecessary Mx. Cynic. You’re ALREADY getting more money in your paycheck due to the Trump initiated tax cuts. Be happy!

You think spending in the absence of wage increases, is a notable/good thing; have you seen most people’s credit debt?

You like bubbles with people spending themselves underwater?

https://www.wsj.com/articles/powerful-forces-seen-restraining-u-s-pay-growth-1523542097

You conveniently forget what the economy was like in 2008 when Obama started. What we see today ids the result of the Obama admin. Anything trump fumbled though is nominal.

after your market predictions on the old board during the collapse it no surprise you dont have any money…

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Actually I don’t, I was one of the “losers” in his “historic tax cuts”.

Only righties would celebrate spending in the the face of massive debt without corresponding wage increases, all that growth is “trickle up”; thanks!

estimated q3 GDP growth 2.6%

Q1 2014 growth 5.1%
Q2 2014 growth 4.8%
Q3 2014 growth 1.9%
Q4 2014 growth 3.3%
Q1 2015 growth 3.3%

5 quarter average 3.68%

trump has managed to exceed that in only 1 quarter

I’d like the OP to explain how obama the socialist could have had 5 quarter so good without giving the rich a huge tax cut while trump is expected to exceed that in only 1 quarter even after his give away to the wealthy

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