Please name the records...
That is unless it's the only thing you have left to quibble over while the Trump economy breaks records everywhere else. Originally Posted by eccielover
https://www.eccie.net/showthread.php...sugar+high+gdpHello lustyLaffer….can't let you forget this....
03-01-2019, 02:49 PM #1 lustylad
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Location: Steeler Nation
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Where is WTF? Is He On A "Sugar High"?
This is for all those pathetic Trump-haters who can't stop whining fecklessly about our healthy economy.
The Trump Boom Is No Mere ‘Sugar High’
The tax cuts primed the productive economy for long-term growth, not a short-term buzz.
By Stephen Moore
Dec. 9, 2018 5:50 p.m. ET
Liberals are tripping over themselves to explain why the economy has performed so much better under Donald Trump than it did under Barack Obama. The economy has grown by nearly 4% over the past six months, and the final number for 2018 is expected to come in at between 3% and 3.5%. The U.S. growth rate has doubled since Mr. Obama’s last year in office.
When Mr. Trump was elected, many Democratic pundits predicted an economic and stock-market meltdown. Then the economy started surging and they abruptly changed their tune, arguing that Mr. Trump was simply riding a global growth wave. That narrative was shattered when U.S. growth kept steaming ahead even as global growth - especially in China and Germany - stalled.
The latest liberal spin is that the economy is on a “sugar high” from deficit-financed tax cuts and spending hikes. When the rush wears off, they warn, watch out for a crash landing. It’s true that in fiscal 2018 the budget deficit swelled to nearly $800 billion, or about 4.2% of gross domestic product. But the Bureau of Economic Analysis estimates that the economic “contribution” from extra government spending added only 0.23 percentage point to growth in 2018. So even without all the budget bloat, the economy would still be growing well above 3%. Originally Posted by WTF
https://www.eccie.net/showthread.php...sugar+high+gdpTrump did not hit 4% or 3%. Trump did hit 2.9% just like Obama. The eccie reputards will tell you that when Obama hit 2.9% that was slow growth. When Trump hit 2.9% that is setting a record.
03-01-2019, 02:49 PM #1 lustylad
Premium Access
Join Date: Jan 8, 2010
Location: Steeler Nation
Posts: 14,007
Encounters: 7
Where is WTF? Is He On A "Sugar High"?
This is for all those pathetic Trump-haters who can't stop whining fecklessly about our healthy economy.
The Trump Boom Is No Mere ‘Sugar High’
The tax cuts primed the productive economy for long-term growth, not a short-term buzz.
By Stephen Moore
Dec. 9, 2018 5:50 p.m. ET
Liberals are tripping over themselves to explain why the economy has performed so much better under Donald Trump than it did under Barack Obama. The economy has grown by nearly 4% over the past six months, and the final number for 2018 is expected to come in at between 3% and 3.5%. The U.S. growth rate has doubled since Mr. Obama’s last year in office.
When Mr. Trump was elected, many Democratic pundits predicted an economic and stock-market meltdown. Then the economy started surging and they abruptly changed their tune, arguing that Mr. Trump was simply riding a global growth wave. That narrative was shattered when U.S. growth kept steaming ahead even as global growth - especially in China and Germany - stalled.
The latest liberal spin is that the economy is on a “sugar high” from deficit-financed tax cuts and spending hikes. When the rush wears off, they warn, watch out for a crash landing. It’s true that in fiscal 2018 the budget deficit swelled to nearly $800 billion, or about 4.2% of gross domestic product. But the Bureau of Economic Analysis estimates that the economic “contribution” from extra government spending added only 0.23 percentage point to growth in 2018. So even without all the budget bloat, the economy would still be growing well above 3%. Originally Posted by WTF
Yes I originally wanted three but bet one...the sugar high one you and lustyLaffer were so sure about.If you did, Post it.
But Trump can't even get one year!
You two want to try and get even and bet Trump does not get to 3% GDP this year?
Shall we go back and see who all predicted what after the tax cuts that were supposed to pay for themselves.
Tiny would love to see lustylaffers take on how the tax,GDP and deficits would go. Maybe he wouldn't have such a high opinion of his economic prowess. Originally Posted by WTF
It is the magical numbers Trump promised in 2016 and lustyLaffer bragged about.
But carry on quibbling over the GDP not reaching some magical number. Originally Posted by eccielover
It is the magical numbers Trump promised in 2016 and lustyLaffer bragged about.And liberals promised gloom and doom with the Trump election in 2016. It would be the end of the economy as we know it.
I'm pointing out the hypocrisy.
Trump continued on the same trajectory that Ibama was on via unemployment.
Originally Posted by WTF
And liberals promised gloom and doom with the Trump election in 2016. It would be the end of the economy as we know it.If you bring it up.....I will not lie about who said what.
Yet you fail to bring up that hypocrisy. Why is that? Originally Posted by eccielover
Tiny would love to see lustylaffers take on how the tax, GDP and deficits would go. Maybe he wouldn't have such a high opinion of his economic prowess. Originally Posted by WTFAre you mind-reading again and presuming to speak for another eccie member? Unlike you, Tiny is an educated adult who has demonstrated proficiency in basic economic concepts. He doesn't need a doofus like you to ask my "take" on anything.
Are you mind-reading again and presuming to speak for another eccie member? Unlike you, Tiny is an educated adult who has demonstrated proficiency in basic economic concepts. He doesn't need a doofus like you to ask my "take" on anything. Originally Posted by lustyladYou were the one running around posting articles on GDP getting over 3% because of the tax cuts....not me, How'd that work out for ya?