3.5% growth in Q3

[Mott the Hoople]

Excellent quarter no doubt but fourth qtr projections are just over 2% and growth under Obama has been in the 2% range overall which has made this one of the weakest recoveries

Well we did recover but let's not forget who put us in the hole.

 

[cawacko]

Oh wacko...

It's kind of ironic you're calling out Nova for his Republicans good Democrats bad post when you're doing the exact same thing. Neither you nor Jarod can speak about the actual economy and what is affecting it other than Bush bad Obama good.

You're question is a false choice because those aren't the only two options.

 

[cawacko]

Well we did recover but let's not forget who put us in the hole.

Please share with us.

 

[Mott the Hoople]

Ok Jarod, would like to discuss what you feel is causing growth to hover around 2%? Is this the new normal we will face as a country?

Do you prefer boom and bust cycle? I've heard these supply side theories and free trade advocates for a long time and they will admit the flaws to their system. Tax cuts for the wealthy don't create revenue for government because large tax breaks for the wealthy don't create the economic stimulus they predict because very little of that tax savings at the top level goes into circulation. The free trade policies are turning the greatest industrial region in the world into Mississippi and you either won't admit there is a problem or offer solutions that won't work.

 

[cawacko]

Do you prefer boom and bust cycle? I've heard these supply side theories and free trade advocates for a long time and they will admit the flaws to their system. Tax cuts for the wealthy don't create revenue for government because large tax breaks for the wealthy don't create the economic stimulus they predict because very little of that tax savings at the top level goes into circulation. The free trade policies are turning the greatest industrial region in the world into Mississippi and you either won't admit there is a problem or offer solutions that won't work.

Doesn't answer the question Mott.

Do you think Keynesian economics prevents booms and busts?

 

[Phantasmal]

We've been in a global economy, this isn't new. Read my first post in this thread regarding this qtr.

Yes, but we were always the leader, we stay are in many markets, but China and India are stepping up their game.

 

[canceled.2021.3]

I sure hope Trump can fix things and get us back on the right track.

Weakest recovery in history.

FACT

 

[cawacko]

Yes, but we were always the leader, we stay are in many markets, but China and India are stepping up their game.

Is the economy a zero sum game now?

 

[Phantasmal]

Is the economy a zero sum game now?

Nope, but we don't manufacture, other countries are producing the things we dominated in the past. The nature of our economy has changed, competition is increasing. It's just different now.

 

[cawacko]

Nope, but we don't manufacture, other countries are producing the things we dominated in the past. The nature of our economy has changed, competition is increasing. It's just different now.

And what is our productivity today compared to fifty years ago? It's far higher which is why we have growth. China and India are huge markets to exploit. That doesn't mean lower growth

 

[Cancel 2020.1]

Weakest recovery in history.

FACT

Let me give you a quick refresher on what you don't remember:

Back in 2009, when the economy was losing millions of jobs and trillions of dollars, you guys went bananas when Obama passed the stimulus. Not only did you predict that it wouldn't create jobs and turn the economy - you were 100% that it would lead to an even bigger market crash, more massive job losses and a prolonged Depression.

So, the whole talking point now that it was a "weak recovery" - which requires national amnesia on what you were saying then - is an incredibly lame attempt to save face. If I had told you then that we'd have uninterrupted growth since then with no new recessions, you'd have laughed and said I loved the Messiah.

 

[cawacko]

Let me give you a quick refresher on what you don't remember:

Back in 2009, when the economy was losing millions of jobs and trillions of dollars, you guys went bananas when Obama passed the stimulus. Not only did you predict that it wouldn't create jobs and turn the economy - you were 100% that it would lead to an even bigger market crash, more massive job losses and a prolonged Depression.

So, the whole talking point now that it was a "weak recovery" - which requires national amnesia on what you were saying then - is an incredibly lame attempt to save face. If I had told you then that we'd have uninterrupted growth since then with no new recessions, you'd have laughed and said I loved the Messiah.

It's not a talking point. Economists follow and study this stuff. And the fact is this recovery with its 2% growth has been very weak. This board can't get over Bush/Obama and that's why these conversations go nowhere.

 

[Cancel 2018.2]

See, that's the thing that destroys each and every one of your attempts to marginalize what Obama has done.

A recovery is a recovery and Obama has helped guide this country through EIGHT YEARS of Economic Recovery!

Your hero Dubya and his policies DESTROYED the economy...and Obama and his policies helped it RECOVER.

You don't believe the auto bailout helped at all?

 

[Cancel 2018.2]

You made the claim.

Back it up for once.

Would be nice to see you do same. I have yet to see you live up to the standards you expect others to though, so I don't expect you will.

 

[Cancel 2018.2]

Is slow growth better than the economic nose dive Dubya and his idiotic policies had done to the country?

What policies were those, be specific.

 

[Cancel 2018.2]

I prefer long slow growth. When was the last recession?

Isn't the better question, when was the last time there was an economic bubble?

 

[Cancel 2018.2]

Let me give you a quick refresher on what you don't remember:

Back in 2009, when the economy was losing millions of jobs and trillions of dollars, you guys went bananas when Obama passed the stimulus. Not only did you predict that it wouldn't create jobs and turn the economy - you were 100% that it would lead to an even bigger market crash, more massive job losses and a prolonged Depression.

So, the whole talking point now that it was a "weak recovery" - which requires national amnesia on what you were saying then - is an incredibly lame attempt to save face. If I had told you then that we'd have uninterrupted growth since then with no new recessions, you'd have laughed and said I loved the Messiah.

Yep, the right did the same fear mongering the left and YOU are doing now.

How blissful are you?

 

[zappasguitar]

It's kind of ironic you're calling out Nova for his Republicans good Democrats bad post when you're doing the exact same thing. Neither you nor Jarod can speak about the actual economy and what is affecting it other than Bush bad Obama good.

You're question is a false choice because those aren't the only two options.

Still refuse to answer a very simple question, eh?

I don't blame you.

You dug yourself a hole and now you can't get out without admitting what a partisan hack you've been regarding the Obama recovery.

 

[zappasguitar]

Weakest recovery in history.

FACT

A weak recovery is still preferrable to the economic freefall the country was in during the Bush administration.

FACT.

 

[cawacko]

Still refuse to answer a very simple question, eh?

I don't blame you.

You dug yourself a hole and now you can't get out without admitting what a partisan hack you've been regarding the Obama recovery.

No Zap. I've given you the facts. You don't seem to like them.