Jump to content

3rd Quarter GDP Revised UP to 3.3% - More Bad News for the Left


Golfboy
 Share

Recommended Posts

Trump continues to win.   And don't forget, that this includes the negative economic effects of the Hurricanes. 

The 4th quarter is going to be RAGING good news with all the recovery spending included.

 

The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses and government agencies than previously estimated, Commerce Department data showed Wednesday.

HIGHLIGHTS OF THIRD-QUARTER GDP (SECOND ESTIMATE)

  • Gross domestic product grew at a 3.3% annualized rate (est. 3.2%), revised from 3%; fastest since 3Q 2014
  • Consumer spending, biggest part of the economy, grew 2.3% (est. 2.5%); revised from 2.4%; down from 3.3% in 2Q
  • Business-equipment spending rose at a 10.4% pace, a three-year high, revised from 8.6%; reflects transportation gear
  • Corporate pretax earnings rose 5.4% y/y, following a 6.3% y/y advance

 

The latest results for GDP, the value of all goods and services produced, show the economy was on a more solid footing as it entered the final stretch of the year, withstanding the damage from hurricanes Harvey and Irma.

Link to comment
Share on other sites

8 minutes ago, PaintMyHouse said:

Wonderful to see the Obama economy still alive after a year of Trump.

It's hilarious to watch economically illiterate liberals giving Obama credit for the economy improving after he left office, when Obama was unable to do so during his actual presidency.

I guess for this to be true, the american people must have been encouraged by him leaving. 

 

 

Link to comment
Share on other sites

Just now, Golfboy said:

It's hilarious to watch economically illiterate liberals giving Obama credit for the economy improving after he left office, when Obama was unable to do so during his actual presidency.

I guess for this to be true, the american people must have been encouraged by him leaving. 

 

 

 

It will take a downturn for Trump to own the economy. 

Link to comment
Share on other sites

6 minutes ago, Golfboy said:

It's hilarious to watch economically illiterate liberals giving Obama credit for the economy improving after he left office, when Obama was unable to do so during his actual presidency.

I guess for this to be true, the american people must have been encouraged by him leaving. 

 

 

You can be a partisan but try not to be a stupid one,

Monthly_0208_0514.jpg

Link to comment
Share on other sites

lol... the economy recovered before Obama did anything about it. 

Obama's stimulus and all the "quantitative easing" was nothing more than a give away to liberals, and propping up an economy too weak to stand on it's own.

 

I love watching liberals attempting to talk economics, while failing to realize they're simply kicking themselves in the ass. 

 

Link to comment
Share on other sites

1 hour ago, Golfboy said:

3rd Quarter GDP Revised UP to 3.3% - More Bad News for the Left

 
   

 

relaxing-outside-smiley-emoticon.gif

Ya' heard-about-that, huh??

 

Quote

March 10, 2017

 

"President Trump* has inherited an economy that set a record Friday with 77 consecutive months of job growth, or, as he put it, a mess.”

 

Screen-Shot-2017-03-10-at-10.08.06-AM.pn

 

The bad news for Trump is that there isnt much he can do to speed this up.

 

Infrastructure spending would certainly help, but that's reportedly been pushed off for at least a year, and, given Republican priorities, might not happen at all. Tax cuts for the rich, meanwhile, don’t have much bang for the buck, stimulative-wise.

 

Other than that, it’s not an exaggeration to say that the extent of his economic policymaking has been taking credit for business decisions that companies had already made, in some cases years ago. That might get a lot of retweets, but it wont create any jobs.

 

The good news for Trump, though, is that there isnt much he can do to slow this down, either. The economy has its own momentum, and it’s hard to see what could knock it off.

 

All Trump has to do is nothing....which even an administration as dysfunctional as his might be able to do."

https://www.washingtonpost.com/news/wonk/wp/2017/03/10/the-obama-recovery-is-about-to-make-trump-look-good/?utm_term=.1a34a424387b

 

 

73064ce019d377aa106ac36c4534597b.jpg

youtheman.gif . youtheman.gif . youtheman.gif . youtheman.gif

Link to comment
Share on other sites

4 minutes ago, Golfboy said:

lol... the economy recovered before Obama did anything about it. 

Obama's stimulus and all the "quantitative easing" was nothing more than a give away to liberals, and propping up an economy too weak to stand on it's own.

 

I love watching liberals attempting to talk economics, while failing to realize they're simply kicking themselves in the ass. 

 

It's you who is getting his ass kicked,  As per usual, the economy improved once the GOP tax cutter was out of office.  We have numbers, you have ideology.

 

quarterly%20growth%20in%20GDP.jpg

 

Link to comment
Share on other sites

2 minutes ago, PaintMyHouse said:

It's you who is getting his ass kicked,  As per usual, the economy improved once the GOP tax cutter was out of office.  We have numbers, you have ideology.

 

^^ moron doesn't understand economic numbers routinely go up after a recession.

Look at his chart.   The economy rebounded without Obama's help, then went flat...  nice job, dumbass.

Problem is, that Obama's numbers were anemic, due to liberals economic stupidity.

 

Link to comment
Share on other sites

8 minutes ago, Golfboy said:

lol... the economy recovered before Obama did anything about it.

 

Obama's stimulus and all the "quantitative easing" was nothing more than a give away to liberals, and propping up an economy too weak to stand on it's own.

 

locale-per-festa-compleanno-bambini-mila

 

 

 

Quote
January 13, 2008

"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:

* Plummeting housing will now drag down the rest of the economy.

*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.

*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.

*The question now is not "will there be a recession?" but "how bad will it get?"

*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.

After blowing the last downturn, we've been worried this one since last summer. We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."

 

http://www.businessi...-screwedexperts

 

 

 

Link to comment
Share on other sites

4 minutes ago, PaintMyHouse said:

Lies won't help you.

MW-EH199_djia_o_ZG_20160304140141.jpg

 

A liberal touting the stock market?    rolling laughter emoticon

Yea we know that Obama was propping up Wall Street with all the quantitative easing. 

Why don't you show us how "main street' was faring during this time?

Can you show us interest rates during this period, and explain why rates were maintained at Zero for almost all of Obama's Presidency?

 

Oh wait, I doubt you understand how interest rates relate to economic growth.

 

BTW, isn't the stock market a bit higher now?    Increasing almost as much in a year, as Obama did in 8?

And why is the Fed now raising interest rates?

 

Inquiring minds want to know.

 

 

 

Link to comment
Share on other sites

8 minutes ago, neue regel said:

Why does the chart start Feb 08? 

 

ps: not even obama credit stimulus for the little bit of recovery. 

 

locale-per-festa-compleanno-bambini-mila

 

 

Quote
January 13, 2008

"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:

* Plummeting housing will now drag down the rest of the economy.

*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.

*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.

*The question now is not "will there be a recession?" but "how bad will it get?"

*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.

After blowing the last downturn, we've been worried this one since last summer. We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."

 

http://www.businessi...-screwedexperts

 

 

 

Link to comment
Share on other sites

11 minutes ago, Golfboy said:

 

A liberal touting the stock market?    rolling laughter emoticon

Yea we know that Obama was propping up Wall Street with all the quantitative easing. 

Why don't you show us how "main street' was faring during this time?

 

All good - https://www.forbes.com/sites/jasonnazar/2013/09/09/16-surprising-statistics-about-small-businesses/#44d65f445ec8

 

PrivateJuly2016.PNG

Link to comment
Share on other sites

12 minutes ago, Golfboy said:

Can you show us interest rates during this period, and explain why rates were maintained at Zero for almost all of Obama's Presidency?

 

'Cause, we had someone who (actually) knew what she was doing at The Fed, Skippy.

punishment-slap-smiley-emoticon.gif

 

https://en.wikipedia.org/wiki/Janet_Yellen#Economic_philosophy

Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...