Uh Oh GDP
- Thread starter 79eer
- Start date
the Libs and never Trumpers are extremely entertaining, ........ that’s a fact. ..... Carry on.
Now you did it, ....... get ready for the excuses in 3 .... 2 ...... 1
....... 8 years worth
So can hiring every eligible worker, every ex con & most of Honduras/Nicaragua.
Previous admin did the same thing g and got almost no job growth and very little economic activity. Somebody knows better and government spending doesn't do ****
Trumps best quarters are still lower than Obama's best ones. Where us that 6% annual growth we heard about though. Wasn't it going to be easy?
Ya'll either have tunnel vision, short memories or are unread. Likely all three.
If we are assigning credit/blame to presidents Obama inherited a stock market at 6500. He doubled it in his first two years to 13000. Trump inherited a market at 20,000 and increased it 25,000 points in his first two. Unemployment at the start of the Obama years was 7.8 percent. He left office with an unemployment rate at 4.7 percent. Trump has taken unemployment rom 4.7percent to 3.8 percent.
So, market gain in first two years.
Obama: 6500 points
Trump: 5000 points
Unemployment drop in first two years
Obama: 3.1%
Trump: .09
Obama hit 5.2 GDP growth in Q3 of 2014 and had 4 quarters that were higher than 4% and 8 higher than 3 percent.
Good on Trump for continuing the turn around but to totally disregard the wind he had at his back from the Obama turnaround is just a bit disingenuous. But who knows, maybe Hannity hasn't shared those secrets with you.
Lol. Reading straight from the notes while accusing everyone else of being misled by the media.
US Bureau of Economic Analysis. That is a .gov site you drip. They'll also show that he came in inheriting a -2.8 GDP
https://www.thebalance.com/us-gdp-by-year-3305543
2008 $14.713 $15.605 -0.1% Financial crisis.
2009 $14.449 $15.209 -2.5% Stimulus Act.
2010 $14.992 $15.599 2.6% ACA. Dodd-Frank.
2011 $15.543 $15.841 1.6% Japan earthquake.
2012 $16.197 $16.197 2.2% Fiscal cliff.
2013 $16.785 $16.495 1.8% Sequestration.
2014 $17.522 $16.900 2.5% QE ends.
2015 $18.219 $17.387 2.9% TPP. Iran deal.
2016 $18.707 $17.659 1.6% Presidential race.
2017 $19.485 $18.051 2.2% Trump Tax Act.
2018 $20.494 $18.566 2.9% Deficit spending.
2008 $14.713 $15.605 -0.1% Financial crisis.
2009 $14.449 $15.209 -2.5% Stimulus Act.
2010 $14.992 $15.599 2.6% ACA. Dodd-Frank.
2011 $15.543 $15.841 1.6% Japan earthquake.
2012 $16.197 $16.197 2.2% Fiscal cliff.
2013 $16.785 $16.495 1.8% Sequestration.
2014 $17.522 $16.900 2.5% QE ends.
2015 $18.219 $17.387 2.9% TPP. Iran deal.
2016 $18.707 $17.659 1.6% Presidential race.
2017 $19.485 $18.051 2.2% Trump Tax Act.
2018 $20.494 $18.566 2.9% Deficit spending.
https://www.multpl.com/us-gdp-growth-rate/table/by-year
Date Value
Dec 31, 2018 5.21%
Dec 31, 2017 4.49%
Dec 31, 2016 3.40%
Dec 31, 2015 2.89%
Dec 31, 2014 4.42%
Dec 31, 2013 4.43%
Dec 31, 2012 3.56%
Dec 31, 2011 3.65%
Dec 31, 2010 4.19%
Dec 31, 2009 0.47%
Dec 31, 2008 -0.83%
Date Value
Dec 31, 2018 5.21%
Dec 31, 2017 4.49%
Dec 31, 2016 3.40%
Dec 31, 2015 2.89%
Dec 31, 2014 4.42%
Dec 31, 2013 4.43%
Dec 31, 2012 3.56%
Dec 31, 2011 3.65%
Dec 31, 2010 4.19%
Dec 31, 2009 0.47%
Dec 31, 2008 -0.83%
It's difficult to find your answer...
most of these sites don't want to show how inept the Dismal Eight years were economically....
most of these sites don't want to show how inept the Dismal Eight years were economically....
Probably the biggest reason she wasn't elected, tried to be something she isnt. A common person, she's fake
Hey, I really appreciate the try. I think I know the answer. It just would have been very powerful to see it. I honestly don't remember much growth over 1.5 - 2.0% growth during those years. I was looking for a job during the 10 - 11 period and growth was as flat as my first girlfriend. My company had gone through 5-6 rounds of layoffs. And that was while QE was in full effect. Many forget, today's growth also has a headwind from the Fed's raising of interest rates 4-5 times since the election.
Unemployment was high and underemployment insured major competition for every job posted. Bartenders and waitresses with MBAs were applying for the same positions I was with 25 years of experience.... People were working 2 jobs because 29 hours (which did not require the employer to provide ACA health care insurance) was the norm and not enough income to live on. Everyone, even those with good jobs, were afraid of layoffs and were afraid to make a big purchase or take a vacation. Two month's ago, I audited one of our suppliers north of Dallas. Unemployment in their county was under 3% and their best source of workers was non violent ex cons that could regularly make it to their shifts.
That was the O'Bama economy I remember. Along with my 401K growing at about the same rate as the economy. If you do come across this graph, it would still be of interest. The Dems can say all they want, I lived through my plant closing and a job search for the last quarter of my career. I know a good economy when I see it. BTW, my wife and I are looking into a new truck and possibly a camper for travel when we retire in a year or so....