US first-quarter growth revised down to 2.2%

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Deregulation will spur growth. The US economy remains highly regulated.
 
The economy was plenty regulated during those years. I’d say the failure came from regulation and central bank policy.
 
stinkcat_14 said:
Boy, if that is not lowering the bar. Trump promised 4-5% economic growth and now Trump supporters are happy with anything above zero.
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CD45 said:
What happened to that 4 and 5 percent growth that the tax cuts were going to produce? That legislation could prove quite costly and detrimental to the financial health and stability of our country’s future.
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The Trump tax cuts have been in effect for a couple months. Reagan didn’t see 4% growth until 2 years after his much larger tax cuts.
 
Road-Worrier said:
The Trump tax cuts have been in effect for a couple months. Reagan didn’t see 4% growth until 2 years after his much larger tax cuts.
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On the other hand, allegedly he has been de-regulating for quite some time, although people are often vague on the specifics as to what he as actually done.

So when will the 4% growth arrive?
 
stinkcat_14 said:
On the other hand, allegedly he has been de-regulating for quite some time, although people are often vague on the specifics as to what he as actually done.

So when will the 4% growth arrive?
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He’s been in office less than 18 months. That’s not much time to make a dent in the 60,000 plus pages of regulations in the Federal Register. But let’s be honest, this isn’t about hitting 4% economic growth, it’s about you not being able to stand Trump, and, if we’re being really honest, his supporters. If we were at 10% growth, you’d have to find something else to complain about.
 
Road-Worrier said:
He’s been in office less than 18 months. That’s not much time to make a dent in the 60,000 plus pages of regulations in the Federal Register. But let’s be honest, this isn’t about hitting 4% economic growth, it’s about you not being able to stand Trump, and, if we’re being really honest, his supporters. If we were at 10% growth, you’d have to find something else to complain about.
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Actually, if we were at 10% economic growth, there would be things to be worried about regardless of who was president. While some economies can sustain 10% economic growth, our mature economy almost certainly couldn’t. Neither a democrat nor a republican could actually sustain it. I will argue that there is a certain level of economic illiteracy among Trump supporters, that can also be a problem among Trump critics as well. I will tell you that my economic viewpoints tend to be non-partisan and tend to be data focused.
 
Road-Worrier said:
The Trump tax cuts have been in effect for a couple months. Reagan didn’t see 4% growth until 2 years after his much larger tax cuts.
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And what prompted that 4% growth? A tax-hike to accommodate military spending.

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stinkcat_14 said:
While some economies can sustain 10% economic growth, our mature economy almost certainly couldn’t.
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And that was evident after Bush took over from Reagan.

And moreso after Reagan’s tax cut in 1981. We went into a negative NDP.
 
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I don’t know. Seems to me they revise every quarter in every subsequent quarter.
 
CD45 said:
Sounds like the same kind of argument that an Obama supporter could make. Obama could have reduced unemployment to zero, improved the economy by 100 percent and created world peace and his detractors would still not have been happy. Sort of like what Mitch McConnell said in 2008. “My job is to make sure Mr. Obama is a one term president.” Hmmm, so much for accepting the results of that election and working together.
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But Obama didn’t do any of that. He more or less did nothiing but make the cost of Health care go higher.

Oh yeah and "killed brother Osama along with mass casualties of civillians with his drone program.

Oh yeah lets not forget letting brother Americans die in Bengahzi while he was hiding somwhere.

Anything else?
 
But at some point they’ll adjust their forecast down a bit,
and we’ll see progressives moaning about the drop.
 
Unemployment is now at 3.8%. Stock market is in the 24,000s. 30 million have no healthcare and never did.

GDP growth is 4.8%.

There’s no “hate” involved in any of it except the hate expressed constantly by Dems against Trump and his supporters.
 
CD45 said:
Enjoy the mirage while you can. After 8 years of being totally miserable about Obama being president, I hope you find gloating to be therapeutic.
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Perhaps you should learn to show more enthusiasm.
Whatever or whomever the cause, low unemployment for minorities is the absolute best thing to help them step out of poverty.
 
Ridgerunner said:
GDP growth is 4.8%.
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Actually, that is false. The Atlanta Fed forecasted it to be 4.8% next quarter but we don’t know whether the forecast is accurate or not because the second quarter has not ended yet.
Ridgerunner said:
There’s no “hate” involved in any of it except the hate expressed constantly by Dems against Trump and his supporters.
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I honestly don’t know why you have such a fixation with “hate”. You are not using the catechism definition of hate, so the hate you are accusing people of has no negative moral connotation. You keep complaining that people “hate” Trump, but there is no reason for people not to “hate” Trump. If you want to like him, that is your business. One can “hate” Trump and be a candidate for sainthood at the same time.
 
CD45 said:
Enjoy the mirage while you can. After 8 years of being totally miserable about Obama being president, I hope you find gloating to be therapeutic.
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Nobody’s “gloating”. In fact, few would even be talking about Trump if liberals weren’t constantly in attack mode against him. People who like what his being elected has done so far are just happy about it and will probably vote for him in 2020 unless he blows it somehow. But those who support Trump aren’t generally the ones who go around talking about politics unless challenged to do it.
 
Ridgerunner said:
In fact, few would even be talking about Trump if liberals weren’t constantly in attack mode against him.
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How is that any different than McConnell wanting to make Obama a one term president? That is just the nature of politics. There is no reason why anyone should refrain from attacking him if he does something worth being attacked for.
 
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