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https://www.cnbc.com/2019/02/28/gdp-q4-2018.html
Economists surveyed by Dow Jones expected a gain of 2.2 percent after a 3.4 percent rise in the third quarter. The growth came amid a bevy of uncertainty and a time when the stock market briefly slid into bear market territory.
While the GDP report was only preliminary, it would mean average growth for the year was 3.1 percent.
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Throughout the 2016 campaign and since, the president and his party have vowed to kick-start tepid Obama-era economic growth.
New government data show that Trump, too, has failed to reach the 3 percent promised land, according to one major metric.
The Commerce Department's Bureau of Economic Analysis measured 2018 growth at 2.9 percent, matching the peak Obama enjoyed in 2015.
For the rest of the president's term, economic forecasters agree, that number will decline.
https://www.cnbc.com/2019/02/28/trumps-e...-2018.html
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Meantime, economists at CBO and the Federal Reserve have cut their forecasts for 2019 growth to 2.3 percent. For the long-term, both project growth below 2 percent.
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(02-28-2019, 10:24 AM)cincydawg Wrote: Meantime, economists at CBO and the Federal Reserve have cut their forecasts for 2019 growth to 2.3 percent. For the long-term, both project growth below 2 percent.
And yet they're always concerned about inflation. Â
When did Obama ever have annual growth above 2%? When did he ever climb out of the 1-point-whatever territory? Again, I mean annually.
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By Year By Quarter
Date Value
Sep 30, 2018 3.00%
Dec 31, 2017 2.47%
Dec 31, 2016 1.88%
Dec 31, 2015 2.00%
Dec 31, 2014 2.70%
Dec 31, 2013 2.61%
Dec 31, 2012 1.47%
Dec 31, 2011 1.61%
Dec 31, 2010 2.57%
Dec 31, 2009 0.18%
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The headline "GDP misses 3%".
[attachment=12]
The America, and the American Military, that you once knew is gone.
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I would say Trump's promises of high GDP growth rates are not being met.
One can quibble over headlines. The facts are pretty plain.
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I think I must've been confusing/conflating the economy being on its back and not hitting the 3% number with it being stuck around 1%. It's starting to come back to me now. I think 3 was the magic number I was actually thinking of. Thanks for the info.
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02-28-2019, 10:53 AM
(This post was last modified: 02-28-2019, 12:01 PM by Beastdog.)
By my math, that's 3.1% growth for the year. So in his first full year in office, Trump has presided over a greater GDP growth rate than Obama achieved in ANY of his 8 years. But according to cincydawg, he's not delivered on his promise of increased economic growth. Um, ok. If you say so.
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I think many people nit pick but there is no doubt what is happening to Trump on a daily basis since he announced he was running for President. Trump could have promised 15% GDP and at 14.45% the headline would be "GDP below 15%".
Ozero had many dismal GDP and the media "This is the new normal".
The America, and the American Military, that you once knew is gone.
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(02-28-2019, 11:07 AM)lrrps21 Wrote: I think many people nit pick but there is no doubt what is happening to Trump on a daily basis since he announced he was running for President. Trump could have promised 15% GDP and at 14.45% the headline would be "GDP below 15%".
Ozero had many dismal GDP and the media "This is the new normal".
This^^^^^^^
I can't wait for the day I hear that Trump was a failure because he didn't deliver on the wall. OR that he somehow violated the constitution by building it. He can't win.
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(02-28-2019, 10:53 AM)Beastdog Wrote: By my math, that's 3.1% growth for the year. So in his first full year in office, Trump has presided over a greater GDP growth rate than Obama achieved in ANY of his 8 years. But according to cincydawg, he's not delivered on his promise of increased economic growth. Um, ok. If you say so.
He promised higher than 3%, and on a continuing basis. It's pretty clear 2019 will be back in the twos.
Yes, I say so, because it's reality.
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Wondering how the tariff wars with ....everyone.....are affecting the economy. Are they suppressing it to any degree?
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https://www.businessinsider.com/trump-4-...ise-2017-1
"To get the economy back on track, President Trump has outlined a bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth," reads the White House site.
The 4% GDP promise is one that Trump has made before, but now it is the official promise of the White House and the president.
It seems to me that excuses start to flow when I point to missed Trump, or Obama, promises.
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4th Quarter GDP 2.6% growth, better than expected
