GDP Growth 4.9% In 3rd Quarter

[BeachGuy23 642]

Best economy of the last 6 years.

Helava job Biden.  Brought down the inflation caused by Trump's reckless spending and addition of $8T to the debt in just four short, yet seemingly endless, years.

Wages up massively.  Inflation down Massively.  Producing more domestic energy than at any time in history.  Record low unemployment.  Added back millions more jobs than Trump lost.  NATO unified and dominating the world.

Simply amazing. 

https://www.cnn.com/2023/10/26/economy/us-economy-third-quarter-gdp/index.html

[Hawkeye21 2,381]

I'm sure this will go over well.

[Cloaca du jour 2,147]

My Wallet disagrees.

[MTSkiBum 1,620]

Just now, Hawkeye21 said:

I'm sure this will go over well.

[IGotWorms 4,057]

1 minute ago, Hawkeye21 said:

I'm sure this will go over well.

[BeachGuy23 642]

True.  Many conservatives are motivated by their feelings rather than facts.

It's something that the unsophisticated have issues with. 

[MTSkiBum 1,620]

The company I work for is cutting IT budget by 50% next year across the board.

 

China is in real bad shape and their economy is big enough they could easily force a global recession soon.

[BeachGuy23 642]

2 minutes ago, MTSkiBum said:

The company I work for is cutting IT budget by 50% next year across the board.

 

China is in real bad shape and their economy is big enough they could easily force a global recession soon.

Many companies on the other hand are expanding, building, and investing.

Yes, China is in bad shape and could impact the world economy.  However, they are mainly exporters so if they slow down imports it won't have a huge impact. 

[lod001 1,344]

if biden and this failed administration said 'sh1t tastes good, makes you smart and cures covid'. BeachGuy23 would strap a terd filled feed bag to his chest and walk around with it, cheeks puffed out like a chipmonk.

[HellToupee 1,584]

 

[HellToupee 1,584]

So to sum it up

 

[jerryskids 6,559]

2 hours ago, BeachGuy23 said:

Best economy of the last 6 years.

Helava job Biden.  Brought down the inflation caused by Trump's reckless spending and addition of $8T to the debt in just four short, yet seemingly endless, years.

Wages up massively.  Inflation down Massively.  Producing more domestic energy than at any time in history.  Record low unemployment.  Added back millions more jobs than Trump lost.  NATO unified and dominating the world.

Simply amazing. 

https://www.cnn.com/2023/10/26/economy/us-economy-third-quarter-gdp/index.html

Impressive how you packed so much wrong into a single post. 

[BeachGuy23 642]

Just now, jerryskids said:

Impressive how you packed so much wrong into a single post. 

What was wrong?

[Alias Detective 1,389]

2 hours ago, Cloaca du jour said:

My Wallet disagrees.

And investments.  

[Mike Honcho 5,096]

2 hours ago, BeachGuy23 said:

Best economy of the last 6 years.

Helava job Biden.  Brought down the inflation caused by Trump's reckless spending and addition of $8T to the debt in just four short, yet seemingly endless, years.

Wages up massively.  Inflation down Massively.  Producing more domestic energy than at any time in history.  Record low unemployment.  Added back millions more jobs than Trump lost.  NATO unified and dominating the world.

Simply amazing. 

https://www.cnn.com/2023/10/26/economy/us-economy-third-quarter-gdp/index.html

Does this mean that the Shark Tank guy who said the economy would start to collapse in Sept was wrong. 

 

[BeachGuy23 642]

Just now, Mike Honcho said:

Does this mean that the Shark Tank guy who said the economy would start to collapse in Sept was wrong. 

No no, all the conservatives who disect each awesome unemployment and GDP report will tell you that Trump's unemployment and GDP numbers were 100% accurate while Biden's are 100% fake.  Trump lovers can't quite get past their feelings and emotions.  Not enough testosterone I imagine.

For me, I'll accept the governments numbers just like I did during Trump's term.  Trump's numbers added up to $8T added to the debt.  Millions of jobs losses.  And never hitting 3% GDP for a quarter or 4% for a year.  Setting the groundwork for record breaking inflation.

In other words those horrible four years were a massive fail compared to what we're experiencing now. 

[jonnyutah 248]

Government spending needs to be decoupled from GDP. 

Also if inflation is claimed to be 2% and it is really 8% then the inflation adjustment won't accurately reflect.

[edjr 6,578]

 

[Hardcore troubadour 14,927]

Driven by consumer spending.  Charge it! 

[HellToupee 1,584]

new home buyers are screwed today. If they sit out and the rates drop to soon say within a year it will spike prices upwards . If they pressure Powell to lower the rates for the election it will do us up the azz with no lube, 

 

I want things better financially and hope we do get a “soft landing”.  

[Tree of Knowledge 1,699]

Poor Wade.  
 

SAD!!!!

[Fnord 2,051]

5 minutes ago, HellToupee said:

new home buyers are screwed today. If they sit out and the rates drop to soon say within a year it will spike prices upwards . If they pressure Powell to lower the rates for the election it will do us up the azz with no lube, 

 

I want things better financially and hope we do get a “soft landing”.  

Yup. I'm in the market for a house and it's miserable out there for buyers. Fat prices, flat inventory and horrific interest rates. I didn't buy into the rosy economic projections during the early stages of Covid-19, not buying them now either. 

[Mike Honcho 5,096]

Pretty sure that this bump is due to Taylor Swift cashing her ERA's tour checks. 

[IGotWorms 4,057]

3 hours ago, Hardcore troubadour said:

Driven by consumer spending.  

Isn’t it always?

[Hardcore troubadour 14,927]

58 minutes ago, IGotWorms said:

Isn’t it always?

Sometimes we export products. 

[seafoam1 2,799]

8 hours ago, BeachGuy23 said:

Best economy of the last 6 years.

Helava job Biden.  Brought down the inflation caused by Trump's reckless spending and addition of $8T to the debt in just four short, yet seemingly endless, years.

Wages up massively.  Inflation down Massively.  Producing more domestic energy than at any time in history.  Record low unemployment.  Added back millions more jobs than Trump lost.  NATO unified and dominating the world.

Simply amazing. 

https://www.cnn.com/2023/10/26/economy/us-economy-third-quarter-gdp/index.html

Could you be dumber? It's tough to imagine.

[Gepetto 1,288]

I miss Trump era economy and investments. Those were the days.

[thegeneral 2,896]

2 minutes ago, Gepetto said:

I miss Trump era economy and investments. Those were the days.

I prefer Obama’s. No pandemics just boatloads in the market.

[TimHauck 2,614]

3 hours ago, Mike Honcho said:

Pretty sure that this bump is due to Taylor Swift cashing her ERA's tour checks. 

 

 

[TimHauck 2,614]

7 hours ago, HellToupee said:

 

What is “real fixed private investment”?

[Hardcore troubadour 14,927]

Remember when the US sold rice to China?I miss Trump. 

[BeachGuy23 642]

16 minutes ago, Hardcore troubadour said:

Remember when the US sold rice to China?I miss Trump. 

Trump never came close to this kind of GDP growth.  Our trade deficit with China hit records under Trump.

The Trump economy sucked. 

[TimHauck 2,614]

20 minutes ago, BeachGuy23 said:

Trump never came close to this kind of GDP growth.  Our trade deficit with China hit records under Trump.

The Trump economy sucked. 

Come on man you gotta be trolling. It was great until Covid

[Hawkeye21 2,381]

38 minutes ago, BeachGuy23 said:

Trump never came close to this kind of GDP growth.  Our trade deficit with China hit records under Trump.

The Trump economy sucked. 

That's not accurate at all.  I can't stand Trump but let's not make crap up.

[BeachGuy23 642]

7 minutes ago, Hawkeye21 said:

That's not accurate at all.  I can't stand Trump but let's not make crap up.

Ok let's discuss facts.  Trump's pre-covid economy never hit 3% GDP for a year or 4% for a quarter.  Unemployment was 4.7% and trending down when he stained the office the first year.  It came down another 1%.  The US/China trade deficit hit all time highs under Trump.  The debt pre-covid increased over Obama's last four years.  Trump bullied the Fed to keep rates low and flooded the market with money with his tax cuts for the rich.

Trump took a fine economy left by Obama and just flooded it with money which caused the inflation we've seen.  These are facts.  And yet the country's growth was the worst of all time for presidents.

Maybe sucked is too strong a word.  I'll relable it "fine" but with the stage set for the inflation that the Fed has had to deal with. 

Facts fellows. 

[BrahmaBulls 628]

30 minutes ago, TimHauck said:

Come on man you gotta be trolling. It was great until Covid

Let's not rule out the fact that's an uneducated moron

[Mike Honcho 5,096]

42 minutes ago, BeachGuy23 said:

Trump never came close to this kind of GDP growth.  Our trade deficit with China hit records under Trump.

The Trump economy sucked. 

I'm as left as you get and wouldn't say the economy sucked under Trump. If you draw lines on unemployment and GDP graphis, you would see most of that growth was started under the previous administration and just continued under Trump.  What Trump and GOP accomplished was giant  tax cuts(unsustainable) for corporate and the upper levels, that gave the economy a nitro like boost that inevitably wears off quickly and takes it toll on the engine---in even more national debt. 

People really need to look at the economy like they are looking at a giant ship like the Titanic.  It doesn't move quickly, it doesn't stop or turn on a dime, but can be sunk by a catastrophic event(covid, housing crisis).  The passage of Chips, Inflation Reduction a couple of years ago are starting to take effect now.  Just like turning a giant ship, it's not a fast process. 

[Hardcore troubadour 14,927]

Think about it. We sold rice to China! They invented the stuff! Lol. 

[BeachGuy23 642]

22 minutes ago, Mike Honcho said:

I'm as left as you get and wouldn't say the economy sucked under Trump. If you draw lines on unemployment and GDP graphis, you would see most of that growth was started under the previous administration and just continued under Trump.  What Trump and GOP accomplished was giant  tax cuts(unsustainable) for corporate and the upper levels, that gave the economy a nitro like boost that inevitably wears off quickly and takes it toll on the engine---in even more national debt. 

People really need to look at the economy like they are looking at a giant ship like the Titanic.  It doesn't move quickly, it doesn't stop or turn on a dime, but can be sunk by a catastrophic event(covid, housing crisis).  The passage of Chips, Inflation Reduction a couple of years ago are starting to take effect now.  Just like turning a giant ship, it's not a fast process. 

This is exactly right and why blaming Biden for inflation that started skyrocketing less than 3 months into his term is absurd and a stance only taken by the mentally challenged among us.

[BeachGuy23 642]

10 minutes ago, Hardcore troubadour said:

Think about it. We sold rice to China! They invented the stuff! Lol. 

Who invented microchips?  Where do we buy them from?  Well under Trump anyway.  Biden is actually bring technology building back to the US.