This is great. We have to remember that Larry Kudlow said that this would be debt free. If it lasts 6 more yrs then he will have been a better president that Obama. If it ends like the last republikan tenure, well...

[Edited on 7/28/2018 by sckeys]

This is great. We have to remember that Larry Kudlow said that this would be debt free. If it lasts 6 more yrs then he will have been a better president that Obama. If it ends like the last republikan tenure, well...

[Edited on 7/28/2018 by sckeys]

"If" is not a strong economy.

Massive GDP growth, significant drop in trade deficit and historically low unemployment along with wage increases is a strong economy.

By their innate nature economies are cyclical. Currently all indicators are that the U.S. economy will continue to grow for the foreseeable future.

[Edited on 7/28/2018 by Muleman1994]

I agree. The test will be making it last. WHEN, not if, at the end of the term it’s still as strong as he found it, he can say that he was in fact a better prez than Obama. He will then be telling the truth.

THIS IS ANOTHER LIE by trump and muleturd. Trump still has the smell of putins balls on his breath. 😛

Are you on public assistance or a monthly fixed income? How else can you be such a blockhead?

Are wages really rising? I had a coworker go speak to management about a raise and was told to go find a new job if he wants more money. He's put in 40 years at this company and hasn't had a raise in over 15 years. A lot of people like him where I work and they won't leave because starting over somewhere else would mean giving up all there vacation time.

Also since Trump has been president my year end bonus has been lower. So thanks Trump.

Are wages really rising? I had a coworker go speak to management about a raise and was told to go find a new job if he wants more money. He's put in 40 years at this company and hasn't had a raise in over 15 years. A lot of people like him where I work and they won't leave because starting over somewhere else would mean giving up all there vacation time.

Also since Trump has been president my year end bonus has been lower. So thanks Trump.

Making the poor choice to continue to work there is your and your co-workers fault.
Trying to blame President Trump for your poor choices is weak.

THIS IS ANOTHER LIE by trump and muleturd. Trump still has the smell of putins balls on his breath. 😛

Are you on public assistance or a monthly fixed income? How else can you be such a blockhead?

Pops has several difficulties one of which is that his mind, such as it is, is owned by the corrupt liberal media and Pops is incapable of separating facts from the that which has been proven wrong time after time:

Economic ‘Experts’ Predicted 4-Percent Growth Would Never Happen
07/27/2018

The United States hit its highest economic growth rate in over 13 years on Friday — something many economists predicted would never happen.

Gross domestic product (GDP) grew to a 4.1-percent rate in the second quarter of 2018, compared to just 2.8 percent in the second quarter of 2017.

Meanwhile, CNN ran a headline in October of 2016 claiming, “Donald Trump promises 4-percent growth, but economists say no way,” and the Los Angeles Times ran a column with an even more dire prediction — that Trump was “dreaming” to think he could hit a 3-percent growth rate.

“An aging population and stagnant productivity could put Donald Trump’s goal of 3.5-percent economic growth out of reach,” the Wall Street Journal similarly wrote in December of 2016.

Businessman and Dallas Mavericks owner Mark Cuban predicted that the markets would tank if Trump were elected president in 2016.

And, of course, former Secretary of State Hillary Clinton warned that the economy would fare quite poorly under her 2016 opponent.

“Just like he shouldn’t have his finger on the button, he shouldn’t have his hands on our economy,” Clinton said during the election.

New York Times columnist Paul Krugman and Nobel Prize-winning economist said, "Now comes the mother of all adverse effects — and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work," Krugman wrote. "So, we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow.
But on economics, as on everything else, a terrible thing has just happened."

The losers spoke, and President Trump proved them all wrong.

[Edited on 7/28/2018 by Muleman1994]

Trump’s Numbers on ‘Amazing’ Economy Sometimes Don’t Add Up

https://www.nytimes.com/2018/07/27/business/economy/trump-gdp-fact-check.html

By their innate nature economies are cyclical.

That is correct. Economic fluctuations have very little if anything to do with who is in the White House.

Trump’s Numbers on ‘Amazing’ Economy Sometimes Don’t Add Up

https://www.nytimes.com/2018/07/27/business/economy/trump-gdp-fact-check.html

So says the leading fake news media. Ask their boy Krugman.
The actual facts are undeniable.

By their innate nature economies are cyclical.

That is correct. Economic fluctuations have very little if anything to do with who is in the White House.

Wrong.
Under Obama the U.S. economy was anemic at best.
Under President Trump the U.S. economy is better than it has been in decades.

I will grant that surface ripples in the economy could be affected by shifting winds of volatility and confidence due to superficial changes in politics or who won the Superbowl, however the deep tides and currents of market forces are years and decades in their formation.

You forgot to mention the exploding deficit. The deficit is at the highest since 2012. It is set to exceed $1 trillion per year for the first time in a non-recession/recovery year.

I remember fondly when the GOP were concerned with such things. What happened? What happened to the fiscally conservative party?

Trump is borrowing money from China to hand out to the farmers that are being hurt by his tariffs meant to punish China. Yeah boy, real solid economic policy there. The only way you can consider that a sound economic policy is to temporarily keep a few red state farmers happy until after the midterm elections, at the cost of about $100 per taxpayer. That's a lot of money that each of us are paying for a political stunt, and eats up a big portion of your tax cut savings, unless you are extremely wealthy.

It isn't the highest rate in 13 years, it is the highest in 13 qurters. Thanks Obama!

https://www.statista.com/statistics/188185/percent-chance-from-preceding-period-in-real-gdp-in-the-us/

And, as the deficit rises, inflation will soon destroy even that. Thanks Trump, Ryan and McConnell!

Are wages really rising? I had a coworker go speak to management about a raise and was told to go find a new job if he wants more money. He's put in 40 years at this company and hasn't had a raise in over 15 years. A lot of people like him where I work and they won't leave because starting over somewhere else would mean giving up all there vacation time.

Also since Trump has been president my year end bonus has been lower. So thanks Trump.

Making the poor choice to continue to work there is your and your co-workers fault.
Trying to blame President Trump for your poor choices is weak.

I don't blame Trump I blame the company. I believe the biggest mistake this company made was going public in the 90s. Private owners treated the workers better. I'm always looking for a new job because factory work sucks. The old timers just get fed up and walk off the job and retire.

You forgot to mention the exploding deficit. The deficit is at the highest since 2012. It is set to exceed $1 trillion per year for the first time in a non-recession/recovery year.

I remember fondly when the GOP were concerned with such things. What happened? What happened to the fiscally conservative party?

Trump is borrowing money from China to hand out to the farmers that are being hurt by his tariffs meant to punish China. Yeah boy, real solid economic policy there. The only way you can consider that a sound economic policy is to temporarily keep a few red state farmers happy until after the midterm elections, at the cost of about $100 per taxpayer. That's a lot of money that each of us are paying for a political stunt, and eats up a big portion of your tax cut savings, unless you are extremely wealthy.

Good post and factual.

Somewhere along the way Russian Don must have skipped taking Economics 101 while at Wharton. He likes to brag about Wharton and his high level of intelligence. Maybe if he would have understood the principles of econ relative to tariffs, trade wars, and inflation, he would have been better prepared to make policies that didn't hurt the very people that put him in office. No better way than to lose those independent voters than to turn around and f them in their wallets trying to play strong man. If only he'd play strong man with Vlad, he may earn some credibility instead of bending over to pleasure his Russian brother.

Nice work. Swift, clean, efficient. Ought to keep him under his little shipwreck at the corner of the aquarium for a while.

The numbers are good but inflated by a gigantic sell off of soybeans and other goods to China and Europe before the tariffs took effect. The next two quarters will be a better barometer as to where we are headed. I remember things looking peachy around this time in W Bush's tenure and by the end of it we were tanking and into a giant recession. Time will tell. Most people I know haven't really felt any gain from this robust economy. Those in the very upper middle class and above are loving life for sure. Those in the middle to lower middle class and below either feel the same as they did before or worse. Different perspectives from different people depending on how they have been effected. Some are happy and some are not happy and frustrated. I guess we will start to find out in November if there are more people who feel better off than there are people who don't feel any better off.

It isn't the highest rate in 13 years, it is the highest in 13 qurters. Thanks Obama!

https://www.statista.com/statistics/188185/percent-chance-from-preceding-period-in-real-gdp-in-the-us/

And, as the deficit rises, inflation will soon destroy even that. Thanks Trump, Ryan and McConnell!

A flat-out lie.

The Obama administration claimed a high (artificial) GDP rate for one quarter in 2014.
As usual the Obama administration falsified the data by adding in a made-up rate to include "intellectual property development" for which they were skewered but all the legitimate economists and Obama and his liars immediately stopped their false reporting.

The incredible performance of the U.S. economy under President Trump is directly attributable to his and the Republican’s Tax Cut and Jobs Act and the President’s administration reversal of thousands of the regulations imposed on American businesses and people during Obama’s failed administration.

As soon as our country got the amateur out of the office and installed a professional the U.S. economy took off like a rocket and the lefties are crying because the just do not understand how they could have been so wrong.

It's the Trump economy, stupid

Two stories appeared on the front page and above the fold in the New York Times over the ‎weekend. The first was about the seemingly never-ending Russia probe. The second was about the Labor Department reporting the lowest unemployment rate in nearly 20 years. Which of these two stories do you think American voters care more about?

It’s not just the 3.9 percent unemployment rate that is worth celebrating. The growth rate of the economy over the last four quarters was just under 3 percent, a level that almost all liberal economists said was impossible to achieve and yet with Donald Trump after one year in office, here we are. In just more than one year in the White House, he has achieved a growth rate that is higher than Obama was able to achieve in eight years.

Oh, and by the way, the Federal Reserve Bank of Atlanta estimated last week that growth in April hit 4 percent. Meanwhile, a survey of manufacturers finds that more than 90 percent are bullish about the future. There are now an estimated 6 million more jobs than available workers with the skills to fill them.

The New York Times wondered last week whether we are going to see inflation rising from 2 percent as a result of the surging demand for workers. The Washington Post reported that some blue collar workers are now getting signing bonuses of up to $25,000. Who do these workers think they are? Derek Jeter?

On Friday, Obama’s White House chief of staff, Valerie Jarrett (yes, she’s back) ‎said on CNN that Obama deserves most of the credit for the boon and this is the left’s new riff. What else could she say? The previous administration’s staffers are genetically incapable of admitting that Trump deserves credit for anything.

This storyline that Obama is responsible for the bullish job market might have a sliver of credibility if it weren’t for several inconvenient facts. First, almost every liberal analyst who now says that Obama deserves the credit was one who told us that Trump would surely crash the economy and the stock market if he won the election.

So let’s get this straight: Trump’s policies are to blame if the economy tanks, but he gets no credit if it soars? That’s heads I win, tails you lose logic. Second, the economy was slowing down at the end of Obama presidency. The last year Obama was in office, the economy grew by 1.6 percent, which is barely staying out of inflation.

Then there’s the most inconvenient problem with the spin that Obama deserves the credit for the surge in employment and growth. It would be plausible if Trump continued on with Obama’s policies. But instead, he has systematically overturned every Obama initiative, from the tax rate increases to the climate change treaty, to the pro-drilling and pro-coal energy policies to the deregulation, to the spending priorities. This is what has infuriated Democrats. How could Obama be responsible for a spurt of growth under Trump when he’s shifted Obamanomics into reverse?

Once during the campaign, Trump asked Larry Kudlow and me how we could get much faster growth. We half-jokingly told Trump that the “key was to look at everything Obama has done and do exactly the opposite.”‎ That’s pretty much what the Trump administration has done. And boom!

One last point: The supercharged economy points to the absurdity of the Democrats primary policy goal, which is to ‎repeal the Trump tax cut. They say it is mainly for the rich and for big corporations and working-class Americans have received only, in the words of House minority leader Nancy Pelosi, “crumbs.”

But the new jobs report only underscores that it would be hard to point to a bigger public policy success story in recent times. The left’s big idea one the economy is to cancel the tax cuts. Really?

Would they also ask the 5 million workers who’ve gotten bonuses and pay hikes to give the money back? Would they rather that Apple not bring $300 billion back to America? Would they prefer that Walmart and Costco not raise their minimum salaries to $13 an hour?

Would they take America back to the highest corporate tax rate in the world? Would they rather the stock market give up the $7 trillion in increased wealth since Trump was elected? If the Democrats take back Congress, do they intend to raise taxes on 26 million small businesses? Inquiring voters want to know.

http://thehill.com/opinion/finance/386482-its-the-trump-economy-stupid

It isn't the highest rate in 13 years, it is the highest in 13 qurters. Thanks Obama!

https://www.statista.com/statistics/188185/percent-chance-from-preceding-period-in-real-gdp-in-the-us/

And, as the deficit rises, inflation will soon destroy even that. Thanks Trump, Ryan and McConnell!

A flat-out lie.

The Obama administration claimed a high (artificial) GDP rate for one quarter in 2014.
As usual the Obama administration falsified the data by adding in a made-up rate to include "intellectual property development" for which they were skewered but all the legitimate economists and Obama and his liars immediately stopped their false reporting.

You calling someone a liar is funny as nobody lies on here moethan you.

I didn't make up that chart that you didn't look at.

Try this one:

https://www.cbsnews.com/news/us-gdp-growth-touted-as-historic-by-trump-is-totally-standard/

President Trump on Friday touted the U.S. economy's 4.1 percent growth in the second quarter as "an economic turnaround of historic proportions." He also predicted the spurt will be sustained and even accelerate.

Yet few economists outside the administration agree with that bullish forecast. Here's a look at Mr. Trump claims, and the facts:

U.S. GDP growth hit 4.1 percent in the second quarter
Trump touts "amazing" economic growth figures
"We've accomplished an economic turnaround of historic proportions," Mr. Trump remarked Friday at the White House shortly after the Commerce Department released its GDP report.

In fact, Mr. Trump didn't inherit a fixer-upper economy.

The U.S. economy just entered its 10th year of growth, a recovery that began under President Barack Obama, who inherited the Great Recession. The data show that the falling unemployment rate and gains in home values reflect the duration of the recovery, rather than any major changes made since 2017 by the Trump administration.

While Mr. Trump praised the 4.1 percent annual growth rate in the second quarter, the economy exceeded that level four times during the Obama presidency: in 2009, 2011 and twice in 2014.

In purely numerical terms, a larger shift took place in the second quarter of 2014, when the economy went from contracting by 1 percent to growing at a rate of 5.1 percent.

gdp-2009-line.png
But quarterly figures are volatile, and strength in one quarter can be reversed in the next. President Obama never achieved the 3 percent annual growth that President Trump hopes to see, though he came close. The economy grew 2.9 percent in 2015.

The current economic expansion, which began in June 2009, is now the second-longest on record -- but it is also the weakest. The GDP revisions the Commerce Department announced Friday didn't change that narrative. Annual growth has averaged just 2.2 percent since mid-2009 through the end of last year, the same as previously reported.

"One of the biggest wins in the report, and it is, indeed a big one, is that the trade deficit — very dear to my heart because we've been ripped off by the world — has dropped," Mr. Trump said Friday.

Mr. Trump is correct that a lower trade deficit spurred growth in the April-June quarter, but the reason for that isn't necessarily positive.

The president has been floating plans to slap import taxes on hundreds of billions of dollars of foreign goods, which has led to retaliatory tariffs by foreign governments on U.S. goods.

This threat of an escalating trade war has led many foreign companies to stockpile U.S. goods before any tariffs hit. That caused a temporary boost in U.S. exports, helping to fuel economic growth.

But Richard Moody, chief economist at Regions Financial, said the gains from rising U.S. exports in the second quarter will not be repeated.

"These numbers are very, very sustainable. It's not a one-time shot," Mr. Trump said Friday.

It's impossible to predict the future, but economists warn that the figures seen this quarter will not be easy to replicate, or even come near.

The economy faces two significant structural drags that could keep growth closer to 2 percent than 3 percent: An aging population, which means fewer people are working and more are retired, and weak productivity growth, which means that those who are working aren't increasing their output as quickly as in the past.

Both of those factors are largely beyond Mr. Trump's control.

The labor force could get a boost from higher participation—that is, if more people who are currently on the sidelines re-enter the labor force. But enticing those people back into the workforce could require a combination of higher pay, better jobs or some other factor.

© 2018 CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

^ CBS is corrupt liberal media.
Your post is rejected as BS. Did you notice CBS offered no sources for their opinion piece?

Try learning the actual facts son.
Maybe then you will not be just another a far-left loser.

Thanks to President Trump the U.S. economy is rocking and the lefties just can't handle it.

^ CBS is corrupt liberal media.
Your post is rejected as BS. Did you notice CBS offered no sources for their opinion piece?

Try learning the actual facts son.
Maybe then you will not be just another a far-left loser.

Thanks to President Trump the U.S. economy is rocking and the lefties just can't handle it.

As has been discussed before, economic cycles run in vacuums (don't forget the economy was on an upswing the last few years of President Obama's 2nd term). Get back to me next year and if things are humming along, then I'll give President Trump his just due.

Somewhere along the way Russian Don must have skipped taking Economics 101 while at Wharton. He likes to brag about Wharton and his high level of intelligence. Maybe if he would have understood the principles of econ relative to tariffs, trade wars, and inflation, he would have been better prepared to make policies that didn't hurt the very people that put him in office.

Since he spent his 1st 2 years at Fordham in NYC, perhaps he didn't take Econ 101. He transferred & graduated from Wharton, but he never attended its prestigious MBA program.

Somewhere along the way Russian Don must have skipped taking Economics 101 while at Wharton. He likes to brag about Wharton and his high level of intelligence. Maybe if he would have understood the principles of econ relative to tariffs, trade wars, and inflation, he would have been better prepared to make policies that didn't hurt the very people that put him in office.

Since he spent his 1st 2 years at Fordham in NYC, perhaps he didn't take Econ 101. He transferred & graduated from Wharton, but he never attended its prestigious MBA program.

That might explain the basics, but one would think that somewhere along the way he would have taken a Principle Of Econ Course. Of course he probably thought he knew more than the textbooks, dismisses history, and could take a lesson by listening to someone like real economist such as Robert Shiller (A Nobel Prize economist).

Then again, Trump has "the great Larry Kudlow" iin his stable as top economic advisor. Kudlow is a free trade advocate / free maket capatilist...so it begs the question of who Trump is listening to more than the mirror. With that said, Kudlow is not so great on his economic forecasts.

http://time.com/money/5197470/trump-pick-kudlow-predictions/

Look at the results so far on Trumps tariffs and our trading partners' retaliation. A good starting point are states Trump carried and now feeling the impact - North Dakota, Wisconsin, and Iowa. We can mention Harley Davidson and soybean farmers as directly impacted to the negative.

Somewhere along the way Russian Don must have skipped taking Economics 101 while at Wharton. He likes to brag about Wharton and his high level of intelligence. Maybe if he would have understood the principles of econ relative to tariffs, trade wars, and inflation, he would have been better prepared to make policies that didn't hurt the very people that put him in office.

Since he spent his 1st 2 years at Fordham in NYC, perhaps he didn't take Econ 101. He transferred & graduated from Wharton, but he never attended its prestigious MBA program.

That might explain the basics, but one would think that somewhere along the way he would have taken a Principle Of Econ Course. Of course he probably thought he knew more than the textbooks, dismisses history, and could take a lesson by listening to someone like real economist such as Robert Shiller (A Nobel Prize economist).

Then again, Trump has "the great Larry Kudlow" iin his stable as top economic advisor. Kudlow is a free trade advocate / free maket capatilist...so it begs the question of who Trump is listening to more than the mirror. With that said, Kudlow is not so great on his economic forecasts.

http://time.com/money/5197470/trump-pick-kudlow-predictions/

Look at the results so far on Trumps tariffs and our trading partners' retaliation. A good starting point are states Trump carried and now feeling the impact - North Dakota, Wisconsin, and Iowa. We can mention Harley Davidson and soybean farmers as directly impacted to the negative.

The whole "Trump's Trade Wars" is corrupt liberal media crap.
You forgot to mention that the U.S. soybean farmers were dancing with joy in their fields when:

Trade war fears fizzle as Trump strikes deal with EU

https://www.washingtontimes.com/news/2018/jul/25/donald-trump-strikes-trade-deal-eu/

That might explain the basics, but one would think that somewhere along the way he would have taken a Principle Of Econ Course. Of course he probably thought he knew more than the textbooks, dismisses history, and could take a lesson by listening to someone like real economist such as Robert Shiller (A Nobel Prize economist).

Then again, Trump has "the great Larry Kudlow" iin his stable as top economic advisor. Kudlow is a free trade advocate / free maket capatilist...so it begs the question of who Trump is listening to more than the mirror. With that said, Kudlow is not so great on his economic forecasts.

http://time.com/money/5197470/trump-pick-kudlow-predictions/

Look at the results so far on Trumps tariffs and our trading partners' retaliation. A good starting point are states Trump carried and now feeling the impact - North Dakota, Wisconsin, and Iowa. We can mention Harley Davidson and soybean farmers as directly impacted to the negative.

Gosh, I haven't thought about Reaganomics since...well, the 1980s when Trump, having amassed so much debt with zero equity was preparing for his 1st bankruptcy. The money article doesn't go back far enough to note all of Kudlow's prediction misses, but it did note that Kudlow had an admirable TV presence. That's good enough for the man who only goes by what he sees in the mirror.

^ CBS is corrupt liberal media.
Your post is rejected as BS. Did you notice CBS offered no sources for their opinion piece?

Try learning the actual facts son.
Maybe then you will not be just another a far-left loser.

Thanks to President Trump the U.S. economy is rocking and the lefties just can't handle it.

Nic try, but not liking a source does not invalidate it. This is especially true as you started this thread with an unsourced article.

Try again.

Cool thread about Americans accepting treason in exchange for a good economy.