WINNING!! Third Quarter GDP at 3.5% – President Trump Continues to Reduce US Debt to GDP –

I was just asking for your simple observation.

Yes because it took so long FOR it to come down after the disaster of the Obama Stimulus that was supposed to peak at 8% and then quickly drop to under 6% but SOARED to 10% and stayed over 8% for three years. Finally trickling down after 8 years with a dropping LFPR along side it for a double whammy.

Surely you do not want to go back to those Democrat policies.

Oh we still have lots of people get back into the workforce and by getting those off government subsistence we also cut government direct expense and changes that into government revenues. We can also increase immigration of SKILLED and LEGAL immigrants. And money from those tax rate cuts goes into increasing productivity which is even better for business and your retirement account.

 

I am flattered by your interest and greatly enjoy sharing my observations. My observation of the economic data is that the economy is booming until we realize that wage growth is lackluster and cost of living is growing too fast. This observation is backed by numerous facts. Don't take my word for it. Just google "inflation adjusted wage growth" and spend a half hour perusing the search results. Or you can find economics far too boring and check out this Cesar Sayoc guy. Your call.

 

Yes and I don't know whether to be shocked you would say a .5%, a rounding error, cut or not take it seriously. Not even 2.5%?

 

You said it has to start at the bottom and I said well it starts at the top when you are cutting the budget, you get the memo from your boss here are you budget targets for next year and it's a cut this year. Some years it's an increase. Trump, the boss just sent the memo, 5% cut. I see nothing which to object about it.

 

What I was referring to is that a companynis best served when the items for cost cutting are identified and are floated up.

 

You did not. You said,.. in the last 18 months, while he only has economic policies since januari this year or something. The previous year it still was Obamanomics. And his policies are cutting taxes for companies and borrow money for the lack of income, to than say... look at them companies making all those kewl profits.

 

debt still rising to record highs under Trump, never been bigger

the Trump Debt is the biggliest debt we ever seen, huge, historic like the world has never seen

 

Lets see.. Trump borrows 1% of GDP from China and pours it into the economy and your impressed that GDP went up 1%?

 

Of course not. Dems would still have us at "New Normal" GDP of Obama's GDP, half of the Trump Boom.

It’s the boom economy, stupid: Q3 GDP growth at 3.5%



Git er done!

Consumer spending had its best quarter in almost four years, with PCE growth at 4%, up from last quarter’s 3.8%. If consumer confidence remains high, business confidence is out of this world, with a 12% leap in private domestic investment. The biggest growth category was intellectual property

The economy keeps demonstrating sustained growth and strength, exhibiting more dynamism than Donald Trump’s critics argued was possible. The Associated Press’ Martin Crutsinger reports that the GDP growth beat expectations for the quarter:.

The result was higher than many economists had been projecting. The GDP report along with next week’s unemployment report for October are the last major looks at the economy before voters go to the polls in the mid-term elections.​

CNBC points out that inflation was surprisingly tame, too:

The U.S. economy grew at a faster-than-expected rate in the third quarter as inflation was kept in check and consumer spending surged, according to data released by the Commerce Department on Friday.​

Actually, it's not surprising. Supply Side stimulus isn't inflationary.

Gross domestic product expanded by a 3.5 percent annual rate, exceeding expectations. The department said the PCE price index, a key measure of inflation, increased by 1.6 percent last quarter, much less than the 2.2 percent increase expected by economists polled by StreetAccount.​

That’s good news on both Wall Street and Main Street. If inflation remains tame while the economy sustains this level of growth, a rational Fed will likely stay on the sidelines for a while. That will give the Trump administration some breathing room on interest rates, and perhaps prompt potential homeowners into picking up the pace on purchases over the next few months.

Assuming a maintenance level or better job-creation rate in next Friday’s jobs report, Republicans have the best economy possible heading into the midterms. Will voters really want to change course back to dreary "new normal" pre-2017 policies by putting Democrats in charge of Congress?

Trump may have a mouth on him, but he is wildly exceeding expectations.

 

That's one beautiful trend starting after the knuckle in 2017.

 

So he adds 300 billion to the budget, drops revenue by 190 billion in tax cuts, and you want to give him an atta boy for a maybe 25 billion cut?

 

Of course. He's reduced the Debt to GDP ratio by 1.42% in his first five full quarters after Obama raised it 5.64% in his last five full quarters.

 

But the IMF warned that now is the time for investors and policymakers to pay attention to growing debt, singling out the United States. The Fund said the revised tax code and spending agreements will mean the U.S. is the only advanced economy where the debt-to-GDP ratio will increase over the next five years.
https://www.cnbc.com/2018/07/26/3-c...us-should-stop-ignoring-its-debt-problem.html

 

3rd time, .5%, slow and gradual.

 

"Linear thinking is the process by which “linear thinkers” put things in order as they experience them and how they express them. Their thinking process proceeds in a sequential manner, like a straight line. A straight line between two points is the most efficient way to get from one place to another."

 

I'll take any complaints about deficits .5% seriously then.

 

Which is why we need to cut spending do you support cutting federal spending it not?

 

The same people who complain about deficits and Republicans "spending like drunk sailors" suddenly don't want to cut spending.

 

Oh, so as soon as Obama leaves, it's suddenly a concern? How convenient!

Your chart shows Obama's exit number at just under 80% of GDP when 2016 closed out at 105.26%


But, Trump has reduced it to 103.84%, already.

You're welcome!

 

Of course not they just hate it when we get tax cuts, because they know that a prosperous working and middle class tends to vote Republican.

They claim they love to pay taxes, yet they complain about losing the SALT deductions for the rich.
Now they are whining up a storm over tariff taxes for foreign corporations, even as they whine up a storm about US Corporations getting a taxcut.

They want higher taxes on US corporations, but don't you dare tax foreign corporations even a dime, even though every other nation does. Do you know how deeply infiltrated DC Think Tanks, Foundations, Universities, and Politicians are infiltrated with Chinese Communist Cash?

 

4th time, the .5% was for budget cuts!!!

 

Maybe you can point out the Trump effect with exact dates in the noisy debt as % of GDP chart you posted.

 

We expect to see you back when you can show the ratio after the tax cuts and increased spending.

 

And the same people that just added 1/2 trillion to the deficit suddenly think maybe they made a mistake???

 

What exactly are Obamanomics? And you make a distinction without merit.