Trump growth tops out at 2.9%

Jul 2014
15,263
9,364
massachusetts
We heard a lot about how Obama never had a year with 3% growth, well neither does Trump. The numbers are finally in, and 2018 is in at 2.9%.
And that looks like the high water mark.
The sugar high of the tax cut is over, going forward it's going to be tough to hit 2%.
 
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RNG

Apr 2013
38,656
26,645
La La Land North
Didn't he promise 4% not that long ago?

Tariffs are easy, right?
 
Jul 2015
5,314
2,317
chicago
When he sorts out the deal with China watch for the stock market to rocket and the economy to follow. Sorry for your disappointment in a robust US economy guys.
 
Jul 2015
5,314
2,317
chicago
And is this going to happen right after he gets NK to denuclearize?
No the China deal will obviously happen before a NK deal. Finally my country has a President that is doing something about both of these countries instead of just kicking the can down the road like Obama and Bush and Clinton did.
 

RNG

Apr 2013
38,656
26,645
La La Land North
No the China deal will obviously happen before a NK deal. Finally my country has a President that is doing something about both of these countries instead of just kicking the can down the road like Obama and Bush and Clinton did.
Well, if you consider lying about them and making a lot of noise and generally pissing them off is doing something, I guess you're right.
 
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Jul 2014
15,263
9,364
massachusetts
When he sorts out the deal with China watch for the stock market to rocket and the economy to follow. Sorry for your disappointment in a robust US economy guys.
Here's what you missed by not having any education in economics

Growth= (Increase of the work force) + (increase in productivity)

The Tax cut went mainly to stock buybacks, that does nothing for productivity.
Non Farm business Productivity has averaged 1.3% over the last ten years, manufacturing productivity has average 0.6 %.
An aging workforce is going to make increasing the workforce difficult.

Going forward, a 2% growth rate is optimistic.
For the tax cut to pay for itself, you'd need to see a growth rate of 4-5 %.
No one sees that happening.
 
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May 2018
6,933
4,758
Chicago
No the China deal will obviously happen before a NK deal. Finally my country has a President that is doing something about both of these countries instead of just kicking the can down the road like Obama and Bush and Clinton did.
Uh huh. In the meantime, farmers are going bankrupt at a record rate and we're paying those who are barely surviving with money we really don't have. Also, Europe is still a problem and companies are still moving jobs overseas.

Midwest farmers going broke at record rates thanks to Trump's trade war

https://www.washingtonpost.com/business/2018/12/17/trump-administration-follows-through-with-second-round-promised-farm-bailout-payments/?noredirect=on&utm_term=.44c8ca7abdc2

The Companies Offshoring Jobs at a Record Pace Under Trump

Yeah, what accomplishments. :rolleyes:
 
Dec 2015
17,920
17,020
Arizona
If you think cutting a non-nuclear-proliferation deal and agreeing to end a decades-old Korean war with Kim Jong-un is hard, wait until you try signing a trade agreement with Xi Jinping. Wall Street is convinced this thing is in the bag. It’s not.
The U.S. government and the Chinese government do have similar wants, on one hand. But on the other hand, they have disagreements that would require China’s Communist Party to give up its economic DNA. Who thinks that happens within the new 60-day trade truce extension?

Trump and Xi are supposed to meet at some point in March, with promises of some sort of signing ceremony. For trade negotiations to be successful, however, “China must demonstrate real structural changes that yield actual, verifiable, and enforceable results.” That’s Washington’s line.

Seems like pie in the sky to me. How does Trump FORCE change on the Chinese economy? His supporters seem to think Trump has an iron-clad WILL and a magic wand.
AND let's not forget that Little Kimmie and Chairman Xi seem to be pretty kissy-kissy lately. Maybe Kimmie has realized that Trump is not the only game in town.
 
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Jun 2013
5,707
1,735
Katmandu
Here's what you missed by not having any education in economics

Growth= (Increase of the work force) + (increase in productivity)

The Tax cut went mainly to stock buybacks, that does nothing for productivity.
Non Farm business Productivity has averaged 1.3% over the last ten years, manufacturing productivity has average 0.6 %.
An aging workforce is going to make increasing the workforce difficult.

Going forward, a 2% growth rate is optimistic.
For the tax cut to pay for itself, you'd need to see a growth rate of 4-5 %.
No one sees that happening.
Tax reform paid for itself with the 2.9% growth rate, federal tax revenues rose to record levels in 2018.
 
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