Conservative Tax Cuts slowed the economy

Walt said:
It is always tough to exactly prove what caused what in economics, but we did go from an average growth of the mid threes to the low twos right after the "tax cut". There is no doubt that the "tax cut" did cause the huge deficit.
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I didn't ask that you dishonest hack. I asked how a tax cut can cause the economy to slow. Be specific. :rolleyes:

Walt said:
And now we have massive quantitative easing when the economy is supposedly great? This is some scary stuff.
Click to expand...

LINK to that bullshit. I think you are conflating the Obama years with the Trump years. Yes, during Obamunism we had massive QE. A very bad policy intended to prop up the malaise being felt during Obamunism.
 
Rune said:
Dukka and anatta are the same poster you exceedingly stupid asshole.
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I don't give a shit; I never responded about that post you dumb fuck. Run along you miscreant. Life's too short to deal with worthless human excrement like you. ;)
 
Walt said:
2% is sort of OK, but not outstanding. Honestly, at this point anything higher would worry everybody that the economy was overheating. There has been no breakthroughs in productivity, so we really should not see much above 2%.

When Obama was getting 3%, 4%, and even 5.5%, the Alt Right was saying that was slow. 2% is slower than 5.5%.
Click to expand...

Obama only got those numbers for ONE quarter in between horrible numbers.

Stop being a dishonest asshole.

2009 01 -4.42
2009 02 -1.5747
2009 03 1.4644
2009 04 4.4665

2009 Average = -.0080%

2010 01 1.5480%
2010 02 3.7394%
2010 03 2.9816%
2010 04 2.0228%

2010 Average = 1.2865%

2011 01 -.9583%
2011 02 2.8907%
2011 03 -.1111%
2011 04 4.7184%

2011 Average = 1.0018%

2012 01 3.1689%
2012 02 1.7319%
2012 03 0.5409%
2012 04 0.4563%

2012 Average = 1.4745%

2013 01 3.5900%
2013 02 0.4945%
2013 03 3.1707%
2013 04 3.2314%

2013 Average = 1.8717%

2014 01 -1·0033%
2014 02 5.1106%
2014 03 4.9240%
2014 04 1.9008%

2014 Average = 2.7256%

2015 01 3.3317%
2015 02 3.3395%
2015 03 0.9639%
2015 04 0.4002%

2015 Average = 1.0044%

2016 01 1.5476%
2016 02 2.2817%
2016 03 1.9254%
2016 04 1.7618%

2016 Average = 1.8791%

Obamunism Average = 1.4045%

[http://www.economagic.com/em-cgi/data.exe/var/rgdp-qtrchg
 
PostmodernProphet said:
yeah.....Obama hit 5.5%.....for a quarter....that year it averaged three...then it dropped for the next two years.....meanwhile Trump's economy has historical records for unemployment, new jobs, wages, stock market......in fact, is there anything that isn't better than it was under Obama?.....
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:thumbsup:
 
LV426 said:
And so far, Trump has added about $4T and is on pace to surpass Obama by the second year of his second term, should he win re-election.
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There you go lying again. So far the Do-Nothing Demcoratic Congress has added $2.536 trillion. Have you written them to demand they work with Trump to reduce the deficit?

I don't recall you whining and bitching about the massive deficits Obama oversaw. Why is that? Starts with an "H" and ends with an "E". :rolleyes:

LV426 said:
Lies.
Click to expand...

Yes, your posts are full of them.

LV426 said:
To this day, there has not been one single legitimate victim of the ACA.
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We ALL have been victimized by a program that had promised to insure everyone and reduce costs. A plan where we were told we could keep our doctors. All turned out to be lies.

If you could extract your head from your asshole, you could comprehend the OBVIOUS. ;)

LV426 said:
The best you could do was trot out that fat sow Julie Boonstra whose own insurance company said she lied when she claimed the ACA made her costs go up.
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^Triggered loon trolling his own thread. A sure sign he has lost the argument. ;)
 
LV426 said:
Silly cults think the economy is doing great, even though GDP growth last quarter was 2.1%, which was right at Obama's second term average.
Also, nice use of profane language. Some Christian you are...
Click to expand...

You are mentally retarded of you think the economy isn't doing great. That or a pathological lying leftist loon.
 
LV426 said:
Trump still has yet to top Obama best annual GDP growth (2.9% in 2015) and best quarterly growth (5.5% in Q2 2014).
Click to expand...

LIE and LAME:

2009 01 -4.42
2009 02 -1.5747
2009 03 1.4644
2009 04 4.4665

2009 Average = -.0080%

2010 01 1.5480%
2010 02 3.7394%
2010 03 2.9816%
2010 04 2.0228%

2010 Average = 1.2865%

2011 01 -.9583%
2011 02 2.8907%
2011 03 -.1111%
2011 04 4.7184%

2011 Average = 1.0018%

2012 01 3.1689%
2012 02 1.7319%
2012 03 0.5409%
2012 04 0.4563%

2012 Average = 1.4745%

2013 01 3.5900%
2013 02 0.4945%
2013 03 3.1707%
2013 04 3.2314%

2013 Average = 1.8717%

2014 01 -1·0033%
2014 02 5.1106%
2014 03 4.9240%
2014 04 1.9008%

2014 Average = 2.7256%

2015 01 3.3317%
2015 02 3.3395%
2015 03 0.9639%
2015 04 0.4002%

2015 Average = 1.0044%

2016 01 1.5476%
2016 02 2.2817%
2016 03 1.9254%
2016 04 1.7618%

2016 Average = 1.8791%

Obamunism Average = 1.4045%

http://www.economagic.com/em-cgi/data.exe/var/rgdp-qtrchg
 
LV426 said:
A rate Trump still has yet to top. In fact, Trump isn't even close.
GDP growth over Obama's 2nd term was 2.0%. Last quarter, you had growth of 2.1%.
You still have yet to top Obama's best annual GDP growth, his best quarterly growth, and the most number of jobs created in a single year.
Click to expand...

Obama's GDP record of malaise. Only willful idiots want to return to those days:

2009 01 -4.42
2009 02 -1.5747
2009 03 1.4644
2009 04 4.4665

2009 Average = -.0080%

2010 01 1.5480%
2010 02 3.7394%
2010 03 2.9816%
2010 04 2.0228%

2010 Average = 1.2865%

2011 01 -.9583%
2011 02 2.8907%
2011 03 -.1111%
2011 04 4.7184%

2011 Average = 1.0018%

2012 01 3.1689%
2012 02 1.7319%
2012 03 0.5409%
2012 04 0.4563%

2012 Average = 1.4745%

2013 01 3.5900%
2013 02 0.4945%
2013 03 3.1707%
2013 04 3.2314%

2013 Average = 1.8717%

2014 01 -1·0033%
2014 02 5.1106%
2014 03 4.9240%
2014 04 1.9008%

2014 Average = 2.7256%

2015 01 3.3317%
2015 02 3.3395%
2015 03 0.9639%
2015 04 0.4002%

2015 Average = 1.0044%

2016 01 1.5476%
2016 02 2.2817%
2016 03 1.9254%
2016 04 1.7618%

2016 Average = 1.8791%

Obamunism Average = 1.4045%

http://www.economagic.com/em-cgi/data.exe/var/rgdp-qtrchg
 
LV426 said:
A rate Trump still has yet to top. In fact, Trump isn't even close.




GDP growth over Obama's 2nd term was 2.0%. Last quarter, you had growth of 2.1%.

You still have yet to top Obama's best annual GDP growth, his best quarterly growth, and the most number of jobs created in a single year.
Click to expand...

GDP isn't the economy.
 
Truth Detector said:
Yes, during Obamunism we had massive QE.
Click to expand...

We desperately needed quantitative easing during the Great Recession. We had basically zero interest rates, with deflation.

The question is why do we have it now? Why do we need new quantitative easing now? There is reasonable inflation, and we are supposedly in growth.
 
No 3% growth. Not even close. Last quarter saw a mere 2.1% growth. We were promised at least 3%.

Trump still has yet to beat Obama's best quarterly growth, annual growth, and jobs created in a year.

There's nothing redeemable about his policies; manufacturing is now in a recession and business investment -which was supposed to be fueled by the tax cut, as Conservatives promised- has dried up and was never really there to begin with.

Since the start of the tax cut, revenues are down in inflation-adjusted dollars (and without when looking at 2018), and the DJIA has had its weakest growth in 10 years.

Also, the trade deficit continues to grow and hit a record high during the tax cuts in 2018.
 
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