Quote:
Originally Posted by Pete F.
Show me some facts about the growth of the economy that prove how great it is, it is 2.2% in the first quarter of 2018
Many economists predicted that Trumps populist policies would have an initial effect on the economy, but without real substance in the long term will not produce growth.
Stock market values are not a big factor in the GDP.
Trade wars certainly won't help it and the rest of the world is starting to align themselves financially to succeed without the USA's involvement. In the long term that is the way we will fail, much like the British Empire.
Getting a new customer is 5 times as expensive as keeping one you have, so when american industry loses customers because of a trade war do you think that will help us prosper?
Date GDP Growth (%) President
2017 2.30% trump
2016 1.50% obama
2015 2.90% obama
2014 2.60% obama
2013 1.70% obama
2012 2.20% obama
2011 1.60% obama
2010 2.50% obama
2009 -2.80% obama
2008 -0.30% bush
2007 1.80% bush
2006 2.70% bush
2005 3.30% bush
2004 3.80% bush
2003 2.80% bush
2002 1.80% bush
2001 1.00% bush
2000 4.10% clinton
1999 4.70% clinton
1998 4.50% clinton
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"Show me some facts about the growth of the economy that prove how great it is, it is 2.2% in the first quarter of 2018"
Unemployment is low.
The stock market is up.
My take home pay went up by $200 a month thanks to tax cuts.
"Stock market values are not a big factor in the GDP"
They are a real factor in how comfortably regular people can live, and if/when they can retire. It helps ALL of us when the market does well. You never check your IRA balance? Doesn't matter to you whether you have $0 or $1 million? It matters to most of us.
"Trade wars certainly won't help "
We've had trade wars for decades...
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