US economy is going strong – Bad news for Dems, good news for Trump and America

[Grokmaster]

If you are wondering why the Fake News/Lying Left are NOT TALKING ABOUT THE CURRENT STATE OF THE US ECONOMY..:

The US continues to BOOM...as the tariffs are severely damaging China's economy, new , beneficial trade deals are set or in the works, with Japan, the UK, etc...and the Dems KEEP PRAYING FOR US ECONOMIC CATASTROPHE in the US.

Democrats COULDN'T CARE LESS ABOUT THE AMERICAN PEOPLE, as they CLAMOR FOR, and EVEN TRY TO FOMENT, ECONOMIC WOES in the US, FOR POLITICAL GAIN....SICKENING....



US economy is going strong – Bad news for Dems, good news for Trump and America



It’s been just a couple of weeks since the so-called experts were warning of an imminent recession citing the much-hyped “yield curve inversion” as if it were a crystal ball for predicting our economic future. It isn’t.

In fact, the U.S. economy continues to exceed expectations as consumers remain as confident as ever. Could it be that the growing chorus of progressives cheering for an economic downturn is more focused on defeating President Trump in 2020 than on economic reality today? Clearly, that is the case.

The generally accepted definition of a recession is two consecutive quarters of negative economic growth. So far this year, our gross domestic product (GDP) grew at 3.1 percent in the first quarter and 2 percent in the second, for an average of about 2.6 percent year to date – nowhere near negative territory.

For the third quarter, which ends Sept. 30, the Federal Reserve Bank of Atlanta has a GDP forecasting model called GDPNow.

On Aug. 14 – the day the yield curve inverted and stocks plunged – the third-quarter forecast stood at 1.8 percent. On Friday, it stood at 2 percent.

That’s right, despite all the recession hubbub, an independent nonpartisan estimate for third-quarter economic growth has improved by over 10 percent in just the last two weeks.

As new data come in, the GDPNow forecast varies over the quarter. I expect that the final number for the third quarter of this year will be higher than GDPNow is forecasting.

First, GDPNow’s final estimates so far this year have been decidedly on the conservative side (2.7 percent for the first quarter and 1.3 percent for the second quarter). Second, the prospects for continued strength in consumer spending – which drives our economic engine – are strong.



The threat that Democrats face is that voters will remember how President Trump spent every day in office fighting to grow our economy, successfully increasing their job opportunities and earnings, while his opponents were rooting for an economic collapse.

Last year consumer spending accounted for 68 percent of GDP. As a result, how consumers feel about the economy matters. And buoyed by a very healthy jobs market and accelerating wage growth, they’re feeling pretty darn good.




The Commerce Department announced Friday that consumer spending in July surged – up a strong 0.6 percent – indicating that American shoppers are continuing to drive the economy forward. It shouldn’t come as a surprise.

The Conference Board, a business research organization, released its highly regarded monthly Consumer Confidence Index on Tuesday. The August index found that Americans’ assessment of current economic conditions had climbed to its “highest level” since November of 2000. The share of Americans “who say jobs are currently plentiful jumped to 51.2%, the highest since September 2000.”

As stated by Lynn Franco, the Conference Board’s senior director of economic indicators, despite the doom and gloom headlines about our economic future, “consumers have remained confident and willing to spend.”

https://www.foxnews.com/opinion/andy...doom-and-gloom

[Gonzomin]

True, he is not separating families again. He did not stop.

[Gonzomin]

There are lots of economic indicators showing Trump has slowed down the vibrant economy Obama left him. Today is the day even more stupid Trump tariffs go into effect. Trump is not getting smarter. Neither is Grok.

[Celticguy]

It is criminally insane that the left (media included) are actively promoting a worldwide recession over orange man bad.

[Bill]

Lets party, lets celebrate.....

What will that matter if the economy tanks a few weeks or months before the election..

If that happens any of the top 5 or 6 can push over the orange doughboy...

[Grokmaster]

True, he is not separating families again. He did not stop.

Oh yes...you're "SO CONCERNED" about the children...






DESPERATE ATTEMPT TO DODGE THREAD TOPIC, DULY NOTED....

[Grokmaster]

There are lots of economic indicators showing Trump has slowed down the vibrant economy Obama left him. Today is the day even more stupid Trump tariffs go into effect. Trump is not getting smarter. Neither is Grok.

The "VIBRANT OBAMA ECONOMY" had 1.6% ANNUAL GROWTH IN HIS FINAL, "TRIUMPHANT" YEAR.



MAKUP SOME MORE BULLSHIT.


I provided the CURRENT ECONOMIC INDICATORS IN THE OP LINK.

[Grokmaster]

Lets party, lets celebrate.....

What will that matter if the economy tanks a few weeks or months before the election..

If that happens any of the top 5 or 6 can push over the orange doughboy...

POINT MADE: ^^^^^^^^^^^^^^^^

The threat that Democrats face is that voters will remember how President Trump spent every day in office fighting to grow our economy, successfully increasing their job opportunities and earnings, while his opponents were rooting for an economic collapse.

[Bill]

POINT MADE: ^^^^^^^^^^^^^^^^

The threat that Democrats face is that voters will remember how President Trump spent every day in office fighting to grow our economy, successfully increasing their job opportunities and earnings, while his opponents were rooting for an economic collapse.

wishful thinking.. They will be thinking about the 360 days they paid for him to sit on his keester while the tax payers payed the bills @ his shitty resorts...

[Grokmaster]

wishful thinking.. They will be thinking about the 360 days they paid for him to sit on his keester while the tax payers payed the bills @ his shitty resorts...

The taxpayers DO NOT PAY THE BILLS at this resorts. They pay the SECRET SERVICE....PERIOD.


There has been not ONE PROVEN CaSE OF HIM CHARGING TAXPAYERS for HIS STAYING ON HIS OWN PROPERTY.

There are ONLY LYING LEFT/FAKE NEWS "ESTIMATES,, BASED ON WHAT IT COST TO TAKE CARE OF THE OBAMA ENTOURAGE....


PLEASE KEEP DESPERATELY TRYING TO HIDE FROM THIS:


The threat that Democrats face is that voters will remember how President Trump spent every day in office fighting to grow our economy, successfully increasing their job opportunities and earnings, while his opponents were rooting for an economic collapse.

[Bill]

The taxpayers DO NOT PAY THE BILLS at this resorts. They pay the SECRET SERVICE....PERIOD.


There has been not ONE PROVEN CaSE OF HIM CHARGING TAXPAYERS for HIS STAYING ON HIS OWN PROPERTY.

There are ONLY LYING LEFT/FAKE NEWS "ESTIMATES,, BASED ON WHAT IT COST TO TAKE CARE OF THE OBAMA ENTOURAGE....


PLEASE KEEP DESPERATELY TRYING TO HIDE FROM THIS:


The threat that Democrats face is that voters will remember how President Trump spent every day in office fighting to grow our economy, successfully increasing their job opportunities and earnings, while his opponents were rooting for an economic collapse.

Believe what makes you feel best-I told you the truth, up to you to accept it..

Now this.............................................. ......

[archives]

The taxpayers DO NOT PAY THE BILLS at this resorts. They pay the SECRET SERVICE....PERIOD.


There has been not ONE PROVEN CaSE OF HIM CHARGING TAXPAYERS for HIS STAYING ON HIS OWN PROPERTY.

There are ONLY LYING LEFT/FAKE NEWS "ESTIMATES,, BASED ON WHAT IT COST TO TAKE CARE OF THE OBAMA ENTOURAGE....


PLEASE KEEP DESPERATELY TRYING TO HIDE FROM THIS:


The threat that Democrats face is that voters will remember how President Trump spent every day in office fighting to grow our economy, successfully increasing their job opportunities and earnings, while his opponents were rooting for an economic collapse.

We pay Trump top dollar for those Secret Service and other's rooms necessary every time he flys and stays at one of his resorts, which is nearly every weekend. He's not giving them Gov't rates

Trump is cleaning up, escaping DC seemingly every Friday to stay at one of his own joints, you didn't really think he felt the need to leave the capital at an unprecedented rate cause he really didn't like staying in the White House did you?

[Althea]

LMAO. An opinion piece by Putzer...a major trump campaign contributor.

He cites fake GDP numbers, and expects his Fox readers to lap it up.


Thanks for the laugh.

[gemini104104]

So much for tRump's economy that embodies fraud, lies and deception:

Aides Admit Trump Lied To Manipulate The Stock Markets -- Investigation Needed
Trump lied about an upcoming China trade deal while at the G7. He lied to the markets, to our allies, and to the voters. When will there be accountability?
https://crooksandliars.com/2019/08/a...nd-manipulated

U.S. created 501,000 fewer jobs since 2018 than previously reported, new figures show
https://www.marketwatch.com/story/us...how-2019-08-21


5 U.S. industries hit hardest by Trump's latest China tariffs such as Retailers, Food and agribusiness, Manufacturers and Suppliers, Tech and telecom, Clothing and Footwear

https://www.cbsnews.com/news/us-chin...ina-trade-war/

Trump’s Economy Is Decelerating

Yearly GDP growth has fallen since mid-2018
Taking a look at how the economy is performing from the prior year’s quarter gives a better read on the economy as using this statistic smooth’s out the volatility of any one quarter’s result.
When looking at the year-over-year comparisons, in last year’s June quarter GDP growth was 3.2% and has fallen to 2.3%. Since Trump has been in office the year-to-year comparisons have ranged from 2.1% to 3.2%, and have only been above 3% for the June and September 2018 quarters (3.2% and 3.1%, respectively) when the tax cuts were probably having their largest impact.

https://www.forbes.com/sites/chuckjo.../#4490490864a8

[Althea]

So much for tRump's economy that embodies fraud, lies and deception:

Aides Admit Trump Lied To Manipulate The Stock Markets -- Investigation Needed
Trump lied about an upcoming China trade deal while at the G7. He lied to the markets, to our allies, and to the voters. When will there be accountability?
https://crooksandliars.com/2019/08/a...nd-manipulated

U.S. created 501,000 fewer jobs since 2018 than previously reported, new figures show
https://www.marketwatch.com/story/us...how-2019-08-21


5 U.S. industries hit hardest by Trump's latest China tariffs such as Retailers, Food and agribusiness, Manufacturers and Suppliers, Tech and telecom, Clothing and Footwear

https://www.cbsnews.com/news/us-chin...ina-trade-war/

Trump’s Economy Is Decelerating

Yearly GDP growth has fallen since mid-2018
Taking a look at how the economy is performing from the prior year’s quarter gives a better read on the economy as using this statistic smooth’s out the volatility of any one quarter’s result.
When looking at the year-over-year comparisons, in last year’s June quarter GDP growth was 3.2% and has fallen to 2.3%. Since Trump has been in office the year-to-year comparisons have ranged from 2.1% to 3.2%, and have only been above 3% for the June and September 2018 quarters (3.2% and 3.1%, respectively) when the tax cuts were probably having their largest impact.

https://www.forbes.com/sites/chuckjo.../#4490490864a8

Don't forget the steel industry

Going by the headline numbers, we can see that July’s data has plenty of bad news for US steel companies. US steel companies are having a dismal year. In the first eight months of 2019, U.S. Steel Corporation (X), AK Steel (AKS), and Nucor (NUE) fell 38.7%, 4.0%, and 4.1% respectively. US steel prices have been weak this year and are down sharply from their July 2018 highs.

Those GDP numbers are due in large part to a rush to import/export goods before trump's tariffs took hold last year.