GDP Growth was supposed to be 5%, instead the economy is faltering

[LV426]

Conservatives boldly predicted back in December 2017 that if the GOP Russia Trump Tax Cut was passed, it would lead to at least 3% growth. In fact, they predicted 4%, even 5% growth by now.

Instead, the economy is no better than it was during Obama, yet the deficit is 17% higher this year.

Now because the magical Russia Tax Cut didn't deliver on the promises, Conservatives are scrambling to adopt a payroll tax cut and a capital gains tax cut to revive the economy that isn't in a downturn according to Larry Kudlow from two days ago.

White House considered payroll tax cut amid economic concerns, despite public bluster
https://www.cnn.com/2019/08/20/polit...omy/index.html

[Centerleftfl]

The US economy is STRUCTURED by a NUMBER of factors not limited to historical GDP, salaries, wages, (especially MINIMUM WAGE) POPULATION and external economies to grow no more than 3% max. WITH an occasional outlier, you know, like 3.2% or 3.5%---except during the CLINTON years. 4%--average ALL years.

President Clinton oversaw a very robust economy during his tenure. The U.S. had strong economic growth (around 4% annually) and record job creation (22.7 million). He raised taxes on higher income taxpayers early in his first term and cut defense spending and welfare, which contributed to a rise in revenue and decline in spending relative to the size of the economy. These factors helped bring the federal budget into surplus from fiscal years 1998–2001, the only surplus years after 1969. Debt held by the public, a primary measure of the national debt, fell relative to GDP throughout his two terms, from 47.8% in 1993 to 31.4% in 2001.<sup>[1]

TRUMP WAS FULL OF SHIT AND I SAID SO ON THIS BOARD IN REAL TIME!</sup>

[Cypress]

Conservatives boldly predicted back in December 2017 that if the GOP Russia Trump Tax Cut was passed, it would lead to at least 3% growth. In fact, they predicted 4%, even 5% growth by now.

Instead, the economy is no better than it was during Obama, yet the deficit is 17% higher this year.

Now because the magical Russia Tax Cut didn't deliver on the promises, Conservatives are scrambling to adopt a payroll tax cut and a capital gains tax cut to revive the economy that isn't in a downturn according to Larry Kudlow from two days ago.

White House considered payroll tax cut amid economic concerns, despite public bluster
https://www.cnn.com/2019/08/20/polit...omy/index.html

Shades of Sam Brownback's "Kansas Miracle".

At this point, I maintain that anyone who continues to desperately cling to the myth of the efficacy of trickle down tax cut schemes is a willful liar. The data show consistently and conclusively that Republican-legislated trickle down schemes never live up to their hype.

[evince]

they have done this for decades


the Internets ruined their game


People can get the FACTS in seconds

[LV426]

Shades of Sam Brownback's "Kansas Miracle".

At this point, I maintain that anyone who continues to desperately cling to the myth of the efficacy of trickle down tax cut schemes is a willful liar. The data show consistently and conclusively that Republican-legislated trickle down schemes never live up to their hype.

The Brownback tax cuts were such a massive failure that Republicans voted to repeal them in 2017.

[Getin the ring]

The US economy is STRUCTURED by a NUMBER of factors not limited to historical GDP, salaries, wages, (especially MINIMUM WAGE) POPULATION and external economies to grow no more than 3% max. WITH an occasional outlier, you know, like 3.2% or 3.5%---except during the CLINTON years. 4%--average ALL years.
[SIZE=3]
[FONT=book antiqua]President Clinton oversaw a very robust economy during his tenure. The U.S. had strong economic growth (around 4% annually) and record job creation (22.7 million). He raised taxes on higher income taxpayers early in his first term and cut defense spending and welfare, which contributed to a rise in revenue and decline in spending relative to the size of the economy. These factors helped bring the federal budget into surplus from fiscal years 1998–2001, the only surplus years after 1969. Debt held by the public, a primary measure of the national debt, fell relative to GDP throughout his two terms, from 47.8% in 1993 to 31.4% in 2001.[SUP][1]

how stupid can you get? please don't answer that
It's like you just started paying attention a week ago and are using things you googled to make your thoughts.

How about listening to people that lived through the times you harken back to, 30 years ago Bill Clinton was president when the internet took off. president .com did nothing that warranted him taking credit for the numbers you found on google. I'd love to hear the policy of his you are most fond of

Obama simply started printing money, period.
Google QE and read up. I'd love to hear the policy of his you are most fond of

Bush was a victim of the housing crash, set up by Ted Kennedy and Barney Frank, two moonbat Senators with no math skills.
You like Google right, it's your entire thought process.

come back when you have a thought of your own

[Cypress]

The Brownback tax cuts were such a massive failure that Republicans voted to repeal them in 2017.

Yep.
And Republicans will conveniently develop amnesia about how bad the Brownback trickle down tax cuts failed, and will try to sell them again. Count on it.

[Getin the ring]

Yep.
And Republicans will conveniently develop amnesia about how bad the Brownback trickle down tax cuts failed, and will try to sell them again. Count on it.

moonbat alert ^^^

what's wrong with the economy? ever notice how your CNN lovers never tell you "what" is wrong, they just say "looming recession"

what's wrong? you're working right? your 401 k doing well? people are shopping, look around you, look at housing prices still going up, the unemployment rate.

things are pretty good for me, tell us your woes, come on spill it. Can't afford milk? no vacation this year?

[Earl]

“The economy is faltering.”

Lol...double lol.

[Cypress]

moonbat alert ^^^

what's wrong with the economy? ever notice how your CNN lovers never tell you "what" is wrong, they just say "looming recession"

what's wrong? you're working right? your 401 k doing well? people are shopping, look around you, look at housing prices still going up, the unemployment rate.

things are pretty good for me, tell us your woes, come on spill it. Can't afford milk? no vacation this year?

Everything your claimed your trickledown tax cuts would do, did not come to fruition.

If you make promises that are not kept, that is deemed failure. At least in every job, career, project I have been involved in.

Your horseshit trickledown tax cut scheme has led us to enormous budget deficits, is fiscally unsustainable, and has left us at risk of not having sufficient resources to be able to deal with the next recession.

Failure any way you slice it.

[Earl]

Black is white with the loons on the left...always.

[Joe Capitalist]

The US economy is STRUCTURED by a NUMBER of factors not limited to historical GDP, salaries, wages, (especially MINIMUM WAGE) POPULATION and external economies to grow no more than 3% max. WITH an occasional outlier, you know, like 3.2% or 3.5%---except during the CLINTON years. 4%--average ALL years.

President Clinton oversaw a very robust economy during his tenure. The U.S. had strong economic growth (around 4% annually) and record job creation (22.7 million). He raised taxes on higher income taxpayers early in his first term and cut defense spending and welfare, which contributed to a rise in revenue and decline in spending relative to the size of the economy. These factors helped bring the federal budget into surplus from fiscal years 1998–2001, the only surplus years after 1969. Debt held by the public, a primary measure of the national debt, fell relative to GDP throughout his two terms, from 47.8% in 1993 to 31.4% in 2001.<sup>[1]

TRUMP WAS FULL OF SHIT AND I SAID SO ON THIS BOARD IN REAL TIME!</sup>

Yep, let's not forget these metrics for those who don't think Dem presidents are good for the economy:

President Dow performance.jpg

Of course, those on the far right will cry "Fake News" like they always do when facts don't support what they believe. What a sad way to go through life.

[LV426]

what's wrong with the economy? ever notice how your CNN lovers never tell you "what" is wrong, they just say "looming recession"

What's wrong is that you all promised at least 3% growth, going up to 5% if your shitty tax cut was passed.

Instead, the economy performed worse than it did during Obama's best year, and the deficit grew.

So that's the problem; the economy is not delivering on the promises you made of it.

Your biggest weakness is your economic policy.

[LV426]

what's wrong? you're working right? your 401 k doing well? people are shopping, look around you, look at housing prices still going up, the unemployment rate.

You promised at least 3% growth and wage increases of at least $4,000.

You didn't deliver on either.

Instead, 2018's GDP growth was worse than 2015's
The deficit jumped by 17% this year (25% last year)
The market has grown less than 2000 points since the start of the tax cuts 20 months ago
Revenue in 2018 was below 2017
2018 saw the fewest jobs created since 2011.

The economy is going to be the final nail in Conservative fascism.

[LV426]

things are pretty good for me

Bullshit.

Can't defend your shitty economy, so you invent given circumstances for yourself that you will never verify in a million fucking years.

You lie about yourself on anonymous internet message boards to give yourself confidence and credibility you don't otherwise have.

You're a total fraud.