U.S. GDP Growth Revised Up to 3%

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The Sage
WASHINGTON – U.S. economic growth was stronger than initially thought during the second quarter, a sign of momentum headed into the second half of 2017.

Gross domestic product, a broad measure of the goods and services produced across the U.S., rose at a seasonally and inflation-adjusted annual rate of 3% in the second quarter, the Commerce Department said Wednesday.

That was a pickup from early 2017 and an upward revision from the government's earlier estimate of 2.6% growth during the spring quarter. It marked the strongest quarter of growth since the first quarter of 2015.

http://www.foxbusiness.com/features/2017/08/30/u-s-gdp-growth-revised-up-to-3-update.html
 
Thanks President Obama!

He handed Trump - who hasn't even passed his first budget yet, or produced significant legislation - a decent economy. And he played a strategic role in saving the nation from a Second Great Republican Depression in 2009.

obama-rushmore-head.jpg
 
Do schools not teach us enough about economics or does partisan politics make us lose all we've learned?

We have not had 3% annual GDP growth in about a decade. Obama in eight years had maybe eight quarters of 3% growth. This is one quarter of 3% growth.
 
cawacko said:
Do schools not teach us enough about economics or does partisan politics make us lose all we've learned?

We have not had 3% annual GDP growth in about a decade. Obama in eight years had maybe eight quarters of 3% growth. This is one quarter of 3% growth.
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U.S. Bureau of Economic Analysis:
gdp_large.png
 
Cypress, you're smart, you went to Davis. Your chart is quarter over quarter increase. Going from negative to a positive can give one a good increase but it doesn't add up to an annual number. Look at the numbers I stated. You're chart doesn't address that or show it any different
 
Unemployment is below the natural rate, interest rates are low, consumer confidence is up, and wages are largely stagnant. This is all attributable to one thing--the lack of global inflation. Trump has nothing to do with it in the same way Clinton had nothing to do with the booming economy in the 90's. They both have been in the right place at the right time.
 
Kacper said:
Unemployment is below the natural rate, interest rates are low, consumer confidence is up, and wages are largely stagnant. This is all attributable to one thing--the lack of global inflation. Trump has nothing to do with it in the same way Clinton had nothing to do with the booming economy in the 90's. They both have been in the right place at the right time.
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He'll take credit, though.

And to be fair, most Presidents do. Presidents get credit & blame for the economic conditions during their terms. Probably pretty dopey, considering what factors into economic changes and the timeframes involved between the implementation of policy & measurable effects.
 
Thing1 said:
He'll take credit, though.

And to be fair, most Presidents do. Presidents get credit & blame for the economic conditions during their terms. Probably pretty dopey, considering what factors into economic changes and the timeframes involved between the implementation of policy & measurable effects.
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i remember an interview with a guy from wells fargo on a business channel. He said something like "my policy is to give them credit for anything good that happens because they get all the blame when something bad does"
 
Tax Reform (simplification and some decreases) would blow the economy thru the roof!

will it happen? Of course not.
Dimwitted Dems and #Nevertrump Republican will kill it in committee -too afraid to bring it to the floor it would pass
 
noise said:
Tax Reform (simplification and some decreases) would blow the economy thru the roof!

will it happen? Of course not.
Dimwitted Dems and #Nevertrump Republican will kill it in committee -too afraid to bring it to the floor it would pass
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As a lifelong Dem, how long have you even supported tax reform?
 
noise said:
Tax Reform (simplification and some decreases) would blow the economy thru the roof!

will it happen? Of course not.
Dimwitted Dems and #Nevertrump Republican will kill it in committee -too afraid to bring it to the floor it would pass
Click to expand...

Why would never trump republicans not bring up tax reform? That doesn't make any sense
 
Threedee said:
As a lifelong Dem, how long have you even supported tax reform?
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as long as I can recall. I was never a leftist -well maybe back when I was a kid during Vietnam.

I consider myself a centrist in that I'm not fond of extremism-but I will go there if forced to,,
 
Trump Diva said:
WASHINGTON – U.S. economic growth was stronger than initially thought during the second quarter, a sign of momentum headed into the second half of 2017.

Gross domestic product, a broad measure of the goods and services produced across the U.S., rose at a seasonally and inflation-adjusted annual rate of 3% in the second quarter, the Commerce Department said Wednesday.

That was a pickup from early 2017 and an upward revision from the government's earlier estimate of 2.6% growth during the spring quarter. It marked the strongest quarter of growth since the first quarter of 2015.

http://www.foxbusiness.com/features/2017/08/30/u-s-gdp-growth-revised-up-to-3-update.html
Click to expand...

I saw that Orangetweet, again, lied about that in his recent speech. Pathological.
 
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