Dow dives nearly 800 points on fears of economic slowdown

Silly since neither you nor anyone else can prove that the Republican President wasn't the one thst got us into the recession in the first place. And of courese you can provide absolutly no factual evidence of Trump changing the trajectory of any economic metric whatsoever.

The only thing that is really hilarious is that somehow despite the fact that almost all of the time of your so called poor recovery the Republicans controlled both houses of Congress. And of course now that the Republicans control both the Presidency and the Congress and have full control of the economy the GDP is projected to average well below 3.0% for all of next year.

 

The 800 point drive happened immediately after trump claimed that the dinner with China resulted in an amazing trade deal...that no one could verify or understand what he referenced.

Keep up.

 

You think the economy is slowing before a single vote takes place with Democrats controlling the house? And you want to pin that slow down on the democrats?

Get better.

 

Revenues

White House historical budget data at whitehouse.gov

1991 2%
1992 3%
1993 6%
1994 9%
1995 7%
1996 7%
1997 9%
1998 9%
1999 6%
2000 11%
2001 -2%
2002 -7%
2003 -4%
2004 5%
2005 15%
2006 12%
2007 7%

 

Businesses look ahead not at the close of the business day.

 

And they are terrified that trump will escalate a trade war, the tariffs will further slow the economy, trump will fire his fed chair on a whim, that he will continue the government shutdown indefinitely, and that he will start an international crisis with a tweet.

 

How about unemployment dropping at least below the 8% Obama promised it would not go over instead of it climbing to 10% and staying over 8% for the next four years as it trickled down. How about more than the paltry 2% annual GDP's? How about the LFPR stop collapsing and padding the U3 numbers? How about a rise in incomes? What do you call a full recovery? Are you seriously denying it was the worst modern day recovery in history? Which other was worse?

 

Seems like they reacted pretty good to the fed thingy although no one imagines he would do it. Fears of the trade war are also being offset by the industries that benefit like our home based steel and aluminum but those are still in negotiation. And it's nots the government shutdown that's for sure but then Democrats could end that by merely negotiating instead of being intransigent and even lower the amount they are will to offer for the wall as the WH lowers it's request. But yep I don't know of any businesses that look forward to a Democrat congress and higher taxes and more regulations and gridlock.

 

...What. You claimed that the tax rate hike caused "revenue increase hitting 9% before and that growth fell to 7%." What actually happened was that tax revenues increased the year after the tax hike by close to 3% more than the prior year to 8.3%, and then revenue increases hovered at 7% for the two years after that. This, by the way, after several years of tax revenue percent increases of only around 3-4%.

And I don't know what in the blimey hell you're talking about with a "22% drop".

 

And there's the deflection that I called in the prior post. Again, I asked you what proper measure should've been taken, and what numbers specifically would have indicated a "full recovery". You've answered neither question, which makes me think that you're woefully unprepared to actually produce any sort of "analysis" beyond a cursory criticism.

 

"Our economy was very strong".... LOL... that tells me everything I need to know about your knowledge on economics.

 

Just as it took off the minute Trump was elected. Investors read the tea leaves.

 

Your question didn't make any sense.

 

So you're still obfuscating.

 

They were ALREADY on a strong upward growth, the tax rate cuts even with the deferred revenues SLOWED that growth

Ahhh one problem. Tax revenue growth was already on a strong upward curve and 75% of the additional tax revenues for 1993 and 1994 could be deferred until tax years 1995 and 1996. That growth dropped from 9% to 7%, a 22% drop at the higher rates with the deferred revenues.

 

You asked what would have indicated a full recovery and I gave several factors, try addressing them this time instead of deflecting.

 

No, I'm pointing out your question didn't make any sense

 

I asked you for specific numbers, not "factors". Again, if you're not able to actually give me numbers that would've indicated a "full recovery", why in the world would anybody believe you when you claim it wasn't one? All you have is flash and no substance. Anybody can be critical of a situation by giving cursory remarks.

 

you've been shown it didn't just "take off" when trump was elected. It has been on the exact same steady increase for 9 straight years.

 

LOL, by what magnitude did it slow the growth? Again, growth jumped by 3% right after the tax rates were hiked, and then dropped a measly 1% for the two years after that. The several years prior to the the tax hikes, growth was averaging 3-4%, so idk what the bloody hell you're talking about when you try to claim that there was a "strong upward growth". Again, all flash and no substance.

 

I already posted the numbers and the fact that the additional revenues were deferred until 1995 and 1996 and yes

1991 2%
1992 3%
1993 6%
1994 9%

was a strong upward growth curve.
9% down to 7%, do the numbers

 

I answered your question and all you have is ad hom's.

Sorry, This Is Still The Worst Economic Recovery Ever
On almost every measure examined, the 2009-15 recovery since the recession ended in June of 2009 has been the meekest in more than 50 years.
https://www.investors.com/politics/...e-for-failing-to-create-economic-growth-jobs/

Obama Wins The Gold For Worst Economic Recovery Ever
The trials making up this pentathlon are as follows: 1) total employment growth; 2) unemployment rate reduction; 3) per capita GDP growth; 4) change in the Real Dow; and 5) change in real produced assets.
https://www.forbes.com/sites/louisw...or-worst-economic-recovery-ever/#1de612c93ca2

The Worst Economic Recovery in History
Since the second half of 2009, the U.S. economy has grown at a rate of 2.4%, a full percentage point below average long-term growth.
https://www.wsj.com/articles/SB10001424052702303816504577311470997904292

 

Just more obfuscation to go with your trolling.

 

not sure how your question not making sense makes me a troll? lol

 

It wasn't 6%, it was 5.5%. And it wasn't 9%, it was 8.3%. I don't know who taught you to "do the numbers", but you don't round UP if it's below .5, and with numbers that are in the single digits, especially when you're discussing the affects of tax changes, you shouldn't be rounding up to the nearest percent at all. So, in 1993, the year of the tax rate hikes, the rate of change still increased by about 2%, and then it increased to 8.3%, and then maintained at 7% for the two years after that. So, my question to you was: by what magnitude did the tax rate hike alter the rate of growth? Are you claiming that 7-8.3% are bad numbers? Are you claiming that these numbers would have been better without the tax rate hike? If so, what numbers would we have seen without the hike?