GDP grew at a staggering
- Thread starter EERs 3:16
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1.0%, 2.8%, .5% and -6.3%.
Let's hope we don't see another quarter of sub 2% growth, otherwise some of the fears for a recession going into 2017 could become a reality.
Wrong!
Try -2.7%, 2.0%, -1.9% and -8.2%, for an overall -0.3%
http://useconomy.about.com/od/GDP-by-Year/a/2008-GDP-statistics.htm
What a catastrophic failure of a post, mentioning the economy now when we have such a disaster to refer to. [laughing]
It's not really that hard to understand; I'm saying it's a hell of a lot better than 2008. I hope we don't try that again.
Oh my - when we think 1.2% growth is a hell of a lot better then it's time to go back to the drawing board.
It is interesting to compare the Bush / Obama terms. Bush term about a third superior to Obama term. That should surprise no one - Obama experience as community organizer did not prepare him for the job.
Obama got a float from borrowing money to infuse into the economy by something called quantitative easing. QE is currently infusing $85 million per month. Feds are selling bonds to aid in keeping the cost for demand for money low. What did that stimulate? Possibly cash to invest. Money people quit investing in Obama economy around 2008-09. Instead of investing in infrastructure to build the economy, they invested in the market. That resulted in a weak economy and a strong stock market.
When can the non-political arm of Fed stop QE and allow interest rates to fluctuate? Perhaps a hole has been dug that has no end. If interest rates go up, that will discourage growth in the economy. That would be terrible, but think of what it would do to a government with $19 trillion debt.
Do you honestly think you are building a strong economy? You think Trump painted a dark picture? Whenever we take time to look at reality, you will start carrying a lamp to find your way. Did Hillary discuss that little obstacle in her positive outlook? No, but she did give you a picture of where she wants to go with the new programs the government will finance with more borrowing. Where is the end of the tunnel to find the light you saw?
Sorry but the recovery from the recession is poor (mediocre at best) when matched against other recoveries....so it's not a "hell of a lot better"...it's probably just north of meh.
Lol, this is akin to people cherry picking weather statistics to prove there is no global warming. It's just intellectually dishonest and weak.
Nvm, didn't see who I was replying to.
Here are GDP numbers for previous years. Feel free to try to "cherry pick" to make it look like the economy did well under Bush.
2006 2.7
2007 1.8
2008 -0.3
2009 2.8
2010 2.5
2011 1.6
2012 2.2
2013 1.7
2014 2.4
2015 2.6
Why not.... you obviously cheery picked it. Why not show the Clinton Recession recovery?