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3.2 GDP Fuck Yeah!

24

Comments

  • greenbloodgreenblood Member Posts: 14,418

    2001400ex said:

    "Yeah GDP grew at a way better percentage than expected, but consumer spending slightly dipped. This is a disaster for the economy"


    - CNN

    I'm just glad labor participation rates don't matter anymore.
    Yeah...only the fact that the labor participation rates are up from a 40 year low in 2015.
    Thanks Obama!
    The bar wasn’t set very high
  • HHuskyHHusky Member Posts: 20,764

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
  • allpurpleallgoldallpurpleallgold Member Posts: 8,771

    USMChawk said:

    SFGbob said:

    CNN stunned this could happen with a government shut down

    Tax cuts do nothing to help an economy. I hear Food Stamps and Unemployment benefits are the best ways to get an economy roaring.

    "Economists agree that unemployment benefits remain one of the best ways to grow the economy in a very immediate way," House Minority Leader Nancy Pelosi (R-Calif.) said at a news conference on Thursday.



    Overall enrollment in the country’s food stamp program has dropped to its lowest level in more than eight years as the economy continues to improve and the Trump administration attempts to tackle fraud in the program.



    Nancy Pelosi is a Republican?
    APAG confirms.
    I wouldn’t say that. But I guarantee you she thinks Bernie cost Hillary.
  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 105,803 Founders Club
    HHusky said:

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
    No
  • YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 35,415 Founders Club
    Sad that 3.2% gets all excited in 'Merica now. Will we ever get over 4% for year ever again?
  • SFGbobSFGbob Member Posts: 32,211

    Sad that 3.2% gets all excited in 'Merica now. Will we ever get over 4% for year ever again?

    You would of had a year of 4% growth if Trump or Reagan were in office in 2009. Obama's policies guaranteed weak growth.
  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,781 Swaye's Wigwam
    HHusky said:

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
    Based on what numbers?
  • HHuskyHHusky Member Posts: 20,764

    HHusky said:

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
    No
    Meaty
  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,781 Swaye's Wigwam

    2001400ex said:

    "Yeah GDP grew at a way better percentage than expected, but consumer spending slightly dipped. This is a disaster for the economy"


    - CNN

    I'm just glad labor participation rates don't matter anymore.
    Yeah...only the fact that the labor participation rate is up from a 40 year low in 2015.
    The numbers are actually pretty amazing adjusted for demographics. We really are below what was considered "normal" structural unemployment in working age adults.
  • YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 35,415 Founders Club
    SFGbob said:

    Sad that 3.2% gets all excited in 'Merica now. Will we ever get over 4% for year ever again?

    You would of had a year of 4% growth if Trump or Reagan were in office in 2009. Obama's policies guaranteed weak growth.
    Meh...

    Reagan got 7.2% growth in 1984.
  • HHuskyHHusky Member Posts: 20,764

    HHusky said:

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
    Based on what numbers?
    State and local government spending jumped by almost 4%.
  • UW_Doog_BotUW_Doog_Bot Member, Swaye's Wigwam Posts: 15,781 Swaye's Wigwam
    HHusky said:

    HHusky said:

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
    Based on what numbers?
    State and local government spending jumped by almost 4%.
    Which makes up what percentage of total GDP %
  • 2001400ex2001400ex Member Posts: 29,457
    It's clear none of you understood the labor participation rate comment.
  • SFGbobSFGbob Member Posts: 32,211
    2001400ex said:

    It's clear none of you understood the labor participation rate comment.

    It's clear that you grasping at anything no matter how pathetic to cover for the fact that the economy is good and all your bullshit about how tax cuts weren't going to help the economy were wrong.

  • 2001400ex2001400ex Member Posts: 29,457
    SFGbob said:

    2001400ex said:

    It's clear none of you understood the labor participation rate comment.

    It's clear that you grasping at anything no matter how pathetic to cover for the fact that the economy is good and all your bullshit about how tax cuts weren't going to help the economy were wrong.

    Funny from the dude who bitched about labor participation rates from 2009 through 2016.
  • 2001400ex2001400ex Member Posts: 29,457

    Imagine rooting for a bad economy. #TeamHondo

    Who is rooting for a bad economy?

    And you also bitched about labor participation rates. Cause that's what your news source told you to focus on as we were growing over 3% at times.
  • SFGbobSFGbob Member Posts: 32,211
    2001400ex said:

    SFGbob said:

    2001400ex said:

    It's clear none of you understood the labor participation rate comment.

    It's clear that you grasping at anything no matter how pathetic to cover for the fact that the economy is good and all your bullshit about how tax cuts weren't going to help the economy were wrong.

    Funny from the dude who bitched about labor participation rates from 2009 through 2016.
    Yeah, I believe that I was bitching about the labor participation rates when you were advocating for lowering of the age of consent to 8 years old.

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