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Author
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Topic: 2nd Quarter GDP 4.1%
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jwhop
Knowflake Posts: 11845
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted July 27, 2018 12:50 PM
  
Soaring Consumer Spending Drives GDP to 4.1% in Q2
MICHELLE MOONS
27 Jul 2018
http://www.breitbart.com/big-government/2018/07/27/soaring-consumer-spending-drives-gdp-to-4-1-in-q2/ IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 27, 2018 06:16 PM
Crickets!IP: Logged |
Catalina
Knowflake Posts: 5962
From: shamballa
Registered: Aug 2013
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posted July 28, 2018 05:29 PM
Lol, sorry guys! Wasn't anyone here to pounce the minute you laid your egg?
As is typical the Dumps are taking credit for the best ever. And lying about it and, specifically the Obama years.
http://theweek.com/speedreads/787256/donald-trump-jr-says-obama-n ever-broke-2-percent-gdp-growth-did-15-times Even Fox knows he's wrong. Out to lunch.. again
http://www.foxnews.com/us/2018/07/27/us-economy-surges-to-4-1-percent-growth-rate- in-q2.html IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 28, 2018 10:24 PM
Reality check: Obama is the ONLY President in history to never reach 3% annualized GDP.IP: Logged |
jwhop
Knowflake Posts: 11845
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted July 28, 2018 10:29 PM
quote:
Originally posted by Randall:
Reality check: Obama is the ONLY President in history to never reach 3% annualized GDP.
The Marxist Messiah, Obama is the poster boy for failure. 
IP: Logged |
Catalina
Knowflake Posts: 5962
From: shamballa
Registered: Aug 2013
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posted July 29, 2018 01:11 AM
Nope! Sorry. Drumpf hasn't hit it yet either. He is talking about this historic growth but sorry, it's just this quarter, and less than several of Obama's quarters. Meanwhile Junior claims Obama never hit 2% annual which shows he is either ignorant or can't bear the truth.. apple/tree? IP: Logged |
Catalina
Knowflake Posts: 5962
From: shamballa
Registered: Aug 2013
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posted July 29, 2018 01:19 AM
http://www.statista.com/statistics/188165/annual-gdp-growth-of-the-united-states-since-1990/#0 Note
2017 2.3% The 4.1% is a quarter not a year and O had quite a few better. So what is historical about it? More like hysterical need for praise even if you have to pay your son to speak it. IP: Logged |
Catalina
Knowflake Posts: 5962
From: shamballa
Registered: Aug 2013
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posted July 29, 2018 01:23 AM
Even the Fox article pointed out:The Commerce Department reports that the gross domestic product, the country's total output of goods and services, posted its best showing since a 4.9 percent gain in the third quarter of 2014. And Q2 of 2014 was 5.1%. Reality check performed. IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 29, 2018 07:04 AM
I don't think it is performed. You better check again.IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 29, 2018 07:12 AM
Obama never reached 3% in a single year. Even a broken clock is right twice a day. When President Trump straightens out our trade deficit, we can see 8% sustained. Just like the DOW is at 25,000 where Obama was at 19,000.IP: Logged |
Catalina
Knowflake Posts: 5962
From: shamballa
Registered: Aug 2013
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posted July 29, 2018 01:17 PM
Thats projection.. which you scoff at when it concerns climate.. or anything you don't want to talk about. The reality is that Thumper has yet to reach a 3% year and he is taking false credit for "historic" results that are nothing of the sort. Meanwhile Jr is rewriting history to make Obama's figures look worse than they were. You might look at the figures instead of reciting the lying mantra. The market hit many record highs on Obama's watch.. in fact a couple years ago Orange Man was warning it was a bubble about to burst.
http://finance.yahoo.com/news/ap-fact-check-trump-falsely-044729698.html?.tsrc=fauxdal IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 29, 2018 04:16 PM
Obama set many records all right. Lowest labor participation rate, lowest Black home ownership, highest food stamp numbers...and the ONLY President in history to never reach 3% GDP in a year.IP: Logged |
Catalina
Knowflake Posts: 5962
From: shamballa
Registered: Aug 2013
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posted July 29, 2018 05:32 PM
You keep spouting this propaganda but actually, wrong again. Just one of your claims shows that the least labour rate under obama was higher than most years before the late 80s.
http://www.multpl.com/us-labor-force-participation-rate/table/by-year Not to mention that you continually confuse totals and rates. IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 29, 2018 09:39 PM
What site is that?IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 29, 2018 09:43 PM
Obama was anti-business and choked free enterprise with regulations. Guess what happens when you remove regulations?IP: Logged |
jwhop
Knowflake Posts: 11845
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted July 29, 2018 11:44 PM
Bureau of Labor Statistics 
Labor Participation Rate Notice, the Labor Participation went off the cliff in January 09....when the Marxist Messiah started infesting the White House and demorats started infesting the House and Senate.
http://data.bls.gov/timeseries/LNS11300000 IP: Logged |
Catalina
Knowflake Posts: 5962
From: shamballa
Registered: Aug 2013
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posted July 30, 2018 04:36 PM
Funny. Same source as jwhops.. and neither is functioning at the moment. Guessing you didn't bother reading the info The US Labor Force Participation Rate is the percentage of the US working-age population (age 16 and over) that is in the work force. This includes both those who are employed, and unemployed but looking for work. Source: US Bureau of Labor Statistics —here. Link goes directly to the same page jwhop linked. IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 30, 2018 09:56 PM
I looked at the URL, and it didn't appear to be the U.S. Bureau. That's why I asked what site that was. You seemed to have posted info not supportive of your assertions.IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 30, 2018 11:57 PM
"If Trump thinks he can get more than 3% economic growth, he's dreaming." Los Angeles TimesIP: Logged |
jwhop
Knowflake Posts: 11845
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted July 31, 2018 11:15 AM
"Funny. Same source as jwhops.. and neither is functioning at the moment."The link I posted...Bureau of Labor Statistics...works just fine and it tells the story I said it did. With the election of the Marxist Messiah, Obama and the demorat congress in January 2009, the Labor Participation Rate went straight over the cliff.
http://data.bls.gov/timeseries/LNS11300000 IP: Logged |
Catalina
Knowflake Posts: 5962
From: shamballa
Registered: Aug 2013
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posted July 31, 2018 02:57 PM
Yes it seems to be working today however my link if you look will show a broader picture. Randall said Obama- record low labour participation - but actually before 1975 the highest figures are lower than his. In other words, the drop started after a peak at the end of Clinton's term.. and as your graph also shows.. it has held basically steady since DT came in too.So figures started going up at the end of Nixon's term and peaked with Clinton. We shall see if DT will oversee a new climb or not; so far it's negligible
IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted July 31, 2018 07:10 PM
You have to look at the whole picture. Low labor participation is generally a bad thing. With Obama, people gave up on looking for a job. With President Trump, we have more jobs than we have people to fill them. This is virtually unheard of. That skews the results and changes the dynamic significantly. IP: Logged |
Catalina
Knowflake Posts: 5962
From: shamballa
Registered: Aug 2013
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posted August 01, 2018 11:21 AM
I offered you a bigger picture than jwhops. Did you look? Apparently not. And the figures this month are different from last month so i suggest it's you who should look at the bigger picture. Instead of reading one month and DTs pronouncements and proclaiming that for the indefinite future. If the are more jobs than people looking how is the any unemployment at all; and how has it gone up in the last month? IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted August 01, 2018 06:34 PM
Because some people are on unemployment, which means that they are actively "looking" for work, but we all know that most of those people don't really want a job until their benefits run out.IP: Logged |
Randall
Webmaster Posts: 100329
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted August 10, 2018 06:49 PM
Crickets?IP: Logged |
Lindaland
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