taxcuts for billionaires works gdp falls 1st time in 13 yrs 3qrts in a row misses 3%

[dherd]

The numbers: Consumers and businesses powered the economy to a 2.6% rate of gross domestic product growth in the final three months of 2017. But declining inventories and a wider trade deficit kept the U.S. from hitting the 3% mark for the third quarter in a row for the first time in 13 years.

https://www.marketwatch.com/story/g...t-falls-short-of-wall-streets-mark-2018-01-26

DONT FORGET - REPUBLICANS CLAIMED TAXCUTS FOR BILLIONAIRES WOULD INCREASE
GDP TO 6% IN ORDER TO MAKE UP THE $1.5 TRILLION IN WEALTH THEY TRANSFERRED FROM THE MIDDLE CLASS TO THE FILTHY RICH.

 

[raleighherdfan]

Actually "declining inventories" is a good thing. The last thing a business wants is "increased inventories" on their shelves at the end of the year. An "accountant" like yourself should understand that.

By the way. Some of us keep asking you libs how this mythical "transfer" of wealth via tax cuts actually occurs. You never seem to answer.

 

[HerdBuckeye]

What is the growth that is required to only add $1.8 trillion to the debt? 4.0 percent? Looks more like $2-3 trillion added in the next three years at this rate.

 

[ohio herd]

The numbers: Consumers and businesses powered the economy to a 2.6% rate of gross domestic product growth in the final three months of 2017. But declining inventories and a wider trade deficit kept the U.S. from hitting the 3% mark for the third quarter in a row for the first time in 13 years.

https://www.marketwatch.com/story/g...t-falls-short-of-wall-streets-mark-2018-01-26

DONT FORGET - REPUBLICANS CLAIMED TAXCUTS FOR BILLIONAIRES WOULD INCREASE
GDP TO 6% IN ORDER TO MAKE UP THE $1.5 TRILLION IN WEALTH THEY TRANSFERRED FROM THE MIDDLE CLASS TO THE FILTHY RICH.

GDP growth hit 3% under Obama only 8 quarters out of 32, prompting economists to dub the era a “low-growth” environment. Prior to the 2000s, the U.S. was no stranger to annual GDP growth upward of 3%. Every president since Hoover has seen at least one calendar year with annual GDP growth of at least 3 percent or higher. The best average growth in a single calendar year under Obama is 2.6 percent in 2015, and never 3 percent or more. No president has experienced that since Hoover.Bureau of Economic Analysis

 

[raleighherdfan]

From Dtard's article...........

What happened: Consumer spending accelerated to a 3.8% annual pace of growth, the fastest pace in almost two years. Americans spent more on new cars and trucks, clothing and health care, among other things.

Businesses also got into the act. They increased spending on equipment by 11.4%, while investment in new housing jumped 11.6%.

The big picture: The U.S. economy just finished one of its strongest stretches of growth since an expansion begin in mid-2009, and there’s reason to think it will continue. Consumer confidence is high, the unemployment rate is low and businesses are investing more.

said “2017 was one of the best economic runs in years”


Keep'm coming Dtard/bucky!

 

[ohio herd]

Here is the complete list of the best year of real GDP growth under each postwar president (in descending order):

Truman (1950), 8.7%
Reagan (1984), 7.3%
Eisenhower (1955), 7.1%
Johnson (1966), 6.6%
Kennedy (1962), 6.1%
Nixon (1973), 5.6%
Carter ((1978), 5.6%
(Average best year for post-WWII presidents: 5.6%)
Ford (1976), 5.4%
Clinton (1999), 4.7%
G. W. Bush (2004), 3.8%
G. H. W. Bush (1989), 3.7%
(Average for all postwar years: 2.9%)
Obama (2015), 2.6%

Source: Hudson Institute

 

[dherd]

"The best average growth in a single calendar year under Obama is 2.6 percent in 2015, and never 3 percent or more. No president has experienced that since Hoover.Bureau of Economic Analysis"
_________________________________________________________________
EXCELLENT POINT OHIO HERD - SO WHY DID REPUBLICANS PROJECT 6%
GROWTH TO PAY FOR THEIR $1.5 TRILLION(AT A MINIMUM) TRANSFER OF
WEALTH FROM THE MIDDLE CLASS TO THE FILTHY RICH?

 

[ohio herd]

"The best average growth in a single calendar year under Obama is 2.6 percent in 2015, and never 3 percent or more. No president has experienced that since Hoover.Bureau of Economic Analysis"
_________________________________________________________________
EXCELLENT POINT OHIO HERD - SO WHY DID REPUBLICANS PROJECT 6%
GROWTH TO PAY FOR THEIR $1.5 TRILLION(AT A MINIMUM) TRANSFER OF
WEALTH FROM THE MIDDLE CLASS TO THE FILTHY RICH?

for real? Only Obama had such bad numbers. IDK if that level of growth will occur or not. I can tell you if you look at the graph it has been accomplished before. With Trump in charge I would say more growth in the economy is on the way. #MAGA