US economy grows by 3.2% in the first quarter, topping expectations

[Nalera]

and yet wage growth not only is rather stagnant, is matching inflation, the debt is exploding (largest one month in history last month), people are still being buried by healthcare and student dept. Trump's economy is only good for the 1#

U.S was able to project 3.2% GDP growth in Q1 by assuming that prices rose by .8% less in Q1 2019 than they did in Q4 2018. Had price increases remained constant, Q1 2019 GDP growth would have been just 2.4%.

Oil prices fell 38% in Q4 2018, yet rose by 33% in Q1 2019 - The annualized Oil price rate increased by 130% for Q1 yet the annualized increase in the cost of living in Q1 2019 was just .9%?

Either the price of everything us just plummeted or someone isn't telling the truth. Expect a downward revision.

[Stormspellz]

US wage growth seems to be 0.6%, as much as Canada, UK, France

It is 0.1% in sweden, finland, switzerland, Japan, etc.
Imagine how bad they have it.

Only two of the G7 countries, Italy and Germany are doing a bit better with 0.8% and 1% respectively

source: https://www.statista.com/statistics/...-country-2016/

For a moment you made it sound like wage growth is a trump problem and a not worldwide problem that every country is facing

and yet Trump was magically promising to fix it, and has made the problem worse on numerous fronts- not that his cult cares about facts

[Captain N]

Is this another one of those threads where low income Trump supporters sing the praises of their God Emperor because the ultra wealthy and corporations got a tax cuts and artificially bolstered their numbers through stock buybacks and somehow think it effects them?

[Draco-Onis]

Trump defies data with 6% GDP growth forecast

Still waiting for that 6% GDP thanks to the magic of cutting taxes for the rich and corporations.

[Stormspellz]

U.S was able to project 3.2% GDP growth in Q1 by assuming that prices rose by .8% less in Q1 2019 than they did in Q4 2018. Had price increases remained constant, Q1 2019 GDP growth would have been just 2.4%.

Oil prices fell 38% in Q4 2018, yet rose by 33% in Q1 2019 - The annualized Oil price rate increased by 130% for Q1 yet the annualized increase in the cost of living in Q1 2019 was just .9%?

Either the price of everything us just plummeted or someone isn't telling the truth. Expect a downward revision.

you mean Trump and the GOP would cook the books today to make headlines and then ignore tomorrows adjustment's buried on the back page? its almost like we have seen that before.

[Varvara Spiros Gelashvili]

In 2019 ?

Nope, he didn't. Trump did.

All hail the god-emperor.

All hail the god emperor for doing below average... Obama did below average as well.

[Draco-Onis]

you mean Trump and the GOP would cook the books today to make headlines and then ignore tomorrows adjustment's buried on the back page? its almost like we have seen that before.

Just be thankful that Trump and his cronies didn't get the fed to adopt dynamic scoring which is basically bullshit math so they can claim GDP is 10-20%.

[Lionhearte0]

...when he had FULL CONTROL OF THE US GOVERNMENT FOR 2 YEARS.

Republicans had 60 seats in the Senate?

[Najnaj]

Trump has been good for one thing. Teaching the world that the president of the US can be safely ignored. He is ignored. at best. by everyone by now. His own party is ignoring him. He is taking no part in any decisions.

[Draco-Onis]

Republicans had 60 seats in the Senate?

How did Trump revamp the entire tax code to give that cuts for the rich and corporation? how did he almost repeal Obamacare? there are workarounds to passing bills so it cannot be filibustered. The republican party for 2 years had enough control of government to pass whatever they wanted through reconciliation among other things. They rammed through their tax cuts for the rich in a matter of weeks breaking records zero hearing or bipartisan committees.

[Vatrilian]

Obama had quarters with 4%+ GDP growth, I don't think you understand what quarter means.

The Obama economy was a recognized failure. He told us 1% was the new normal, that manufacturing jobs were not going to come back referencing a magic wand, and saw it as his duty to manage our decline. The rest of the world is approaching a recession while we grow at a staggering pace. This is not Obama’s economy. This presidents policies of de-regulation, tax cuts, trade negotiation, and an all the above energy policy is what is responsible.

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Wait did Russia hack the GDP numbers? We might need a special council!!

[araine]

and yet wage growth not only is rather stagnant, is matching inflation, the debt is exploding (largest one month in history last month), people are still being buried by healthcare and student dept. Trump's economy is only good for the 1#

Those numbers are totally irrelevant for the 99,99% of people that actually has to work for a living. wages arent keeping up anywhere in the country and the cost of living is skyrocketing everywhere. combine that with higher taxes on working poor to pay for the taxcuts for billionaires and you got a recipe for disaster. saying this is good for the country and the economy is like saying why cant they eat cake when they go no bread.

[Lionhearte0]

How did Trump revamp the entire tax code to give that cuts for the rich and corporation? how did he almost repeal Obamacare? there are workarounds to passing bills so it cannot be filibustered. The republican party for 2 years had enough control of government to pass whatever they wanted through reconciliation among other things. They rammed through their tax cuts for the rich in a matter of weeks breaking records zero hearing or bipartisan committees.

Then it wasn't full control if he had to use loopholes to give the middle class tax breaks, which could have been permanent if we had 60 votes. Instead, Democrats like Sanders bitched and moaned that the cuts weren't permanent after he voted No to begin with.

[Draco-Onis]

The Obama economy was a recognized failure. He told us 1% was the new normal, that manufacturing jobs were not going to come back referencing a magic wand, and saw it as his duty to manage our decline. The rest of the world is approaching a recession while we grow at a staggering pace. This is not Obama’s economy. This presidents policies of de-regulation, tax cuts, trade negotiation, and an all the above energy policy is what is responsible.

Trump hasn't bought back the manufacturing jobs he promised, manufacturing was never dying it has continued to grow but for high skilled workers. The coal industry has accelerated job losses under Trump because as you said the president doesn't have magical power and natural gas, green energy, nuclear energy aren't going to vanish. Trump said his tax cuts will produce 6% GDP growth forecast remains 3%, his policies have given us the record breaking deficits in a recovery something that has never happened.

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Then it wasn't full control if he had to use loopholes to give the middle class tax breaks, which could have been permanent if we had 60 votes. Instead, Democrats like Sanders bitched and moaned that the cuts weren't permanent after he voted No to begin with.

The tax cuts to the rich and corporations are permanent try again.

[Vash The Stampede]

All hail the god emperor for doing below average... Obama did below average as well.

That's because the 2008 recession has never ended. Because Obama failed spectacularly to shift the burdens of the crisis of 2008 over to the 0.1%. Trump is failing harder because he gave tax cuts to the wealthy where they used that money to buy their own stocks to increase their stock value. For over 10 years people have been miserable and we're told everything is not only fine but better than ever. Obama and Trump were both failures as far as I'm concerned and people are sick of the lies they're being told. Why are gas prices approaching $3/gallon? California is now paying $4/gallon.

[pathora44]

Then it wasn't full control if he had to use loopholes to give the middle class tax breaks, which could have been permanent if we had 60 votes. Instead, Democrats like Sanders bitched and moaned that the cuts weren't permanent after he voted No to begin with.

Try again the tax cuts are permanent for the upper rich of the economy. Your millionaires and billionaires will forever, unless changed, have their tax cut. Everyone else under that though, i.e. everyone else in the country, is going to lose those tax cuts by 2025 at latest. Which will mean taxes will rise for them to cover the ever rising debt that all these tax cuts are causing with a huge cut off of federal revenue yet we raised the budget especially on military spending. The worst of it all is 2025 is after Trump can max out in office, he won't be there though, so when a Democrat takes over the Republicans can bitch and moan on wild spending or horrible Democratic economic policies after shitty Republican economic policies caused the problems.

[Lionhearte0]

The tax cuts to the rich and corporations are permanent try again.

Try again the tax cuts are permanent for the upper rich of the economy. Your millionaires and billionaires will forever, unless changed, have their tax cut. Everyone else under that though, i.e. everyone else in the country, is going to lose those tax cuts by 2025 at latest. Which will mean taxes will rise for them to cover the ever rising debt that all these tax cuts are causing with a huge cut off of federal revenue yet we raised the budget especially on military spending. The worst of it all is 2025 is after Trump can max out in office, he won't be there though, so when a Democrat takes over the Republicans can bitch and moan on wild spending or horrible Democratic economic policies after shitty Republican economic policies caused the problems.

Are you both incapable of basic reading comprehension?

Then it wasn't full control if he had to use loopholes to give the middle class tax breaks, which could have been permanent if we had 60 votes. Instead, Democrats like Sanders bitched and moaned that the cuts weren't permanent after he voted No to begin with.

[Najnaj]

The Obama economy was a recognized failure. He told us 1% was the new normal, that manufacturing jobs were not going to come back referencing a magic wand, and saw it as his duty to manage our decline. The rest of the world is approaching a recession while we grow at a staggering pace. This is not Obama’s economy. This presidents policies of de-regulation, tax cuts, trade negotiation, and an all the above energy policy is what is responsible.

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Wait did Russia hack the GDP numbers? We might need a special council!!

Citation needed...several of them...lol

Holy hell!

[Draco-Onis]

Are you both incapable of basic reading comprehension?

Are you incapable of deductive reasoning? they made the tax cuts for the rich which account for 83% of the trillions going for the rich permanent but could not for the billions for the middle class. Do I need to break it down for you more? it's kind of like how they found trillions for the rich and corporations but could not find billions for the wall.

[araine]

That's because the 2008 recession has never ended. Because Obama failed spectacularly to shift the burdens of the crisis of 2008 over to the 0.1%. Trump is failing harder because he gave tax cuts to the wealthy where they used that money to buy their own stocks to increase their stock value. For over 10 years people have been miserable and we're told everything is not only fine but better than ever. Obama and Trump were both failures as far as I'm concerned and people are sick of the lies they're being told. Why are gas prices approaching $3/gallon? California is now paying $4/gallon.

Obama wasnt a socialist despite what right wingers are telling you.