Obama lovers.............the impossible has happened.

“If Trump thinks he can get more than 3% economic growth, he's dreaming,” ran a Los Angeles Times headline. “Trump’s budget assumes 3 percent annual growth. Why that’s extremely unlikely, explained,” explained an Obama economist at Vox.com.

 

Inc.com cited Marc Goldwein, senior policy director at a liberal budget organization, who ”believes the upper limit of what is reasonable, considering the tax and regulatory reforms being discussed, is probably just over 2 percent. ‘To get to 2.1 percent, 2.2 percent, 2.3 percent – that would be a tremendous feat.’”

 

"The bottom line," Goldwein said last year, "is we should not be buying magic beans. Three percent growth is not completely impossible. But it would be a heroic feat to get there."

 

Yummmm, . . .

 

Magic beans !

Yet, wages are down 1.4% and inflation is up.  Why isn't it trickling down like Trump promised?

Edited on Jul 28, 2018 5:36pm

Impossible?  No.   Irresponsible?    Definitely.    

 

It’s not rocket science.  If you borrow a half trillion dollars and throw it into the economy you will get growth.   

 

Thats generally considered  a good plan to get the country out of a recession...but what’s the argument for doing it during times of prosperity?     Dick Cheney was right.  Republicans believe deficits don’t matter...or at least until they are out of power.  This is more proof

 

 

Edited on Jul 28, 2018 7:55pm

Obama borrowed $10 trillion & only got a 1.8% growth. 

 

Trump has hit 2.9 or better 4 out of 5 quarters

 

Mark you better check the labor depot wage chart. It is showing growth 

Let's see if I have this right- Obeyme borrowed  $10 trillion and got 1.8% growth. The real President Trump borrowed 1/2 of $1 trillion and got 4.1 % growth. And PJ thinks his Daddy Obeyme  did a better job? Since when did borrowing 20 times the money and getting a 1.8% return be better than borrowing 1/20 th of the money and receiving 4.1% return become the smarter decision? Explain that to me....

Originally posted by: PJ Stroh

Impossible?  No.   Irresponsible?    Definitely.    

 

It’s not rocket science.  If you borrow a half trillion dollars and throw it into the economy you will get growth.   

 

Thats generally considered  a good plan to get the country out of a recession...but what’s the argument for doing it during times of prosperity?     Dick Cheney was right.  Republicans believe deficits don’t matter...or at least until they are out of power.  This is more proof

 

 


Yet it didn't work for Obama.  Remember "shovel ready"?

Tom/David I’ll concede your point if you can list the legislation Obama signed that created 10 trillion in debt.   And ive asked 100 times in the past when you’ve tried to tell that same lie.      We know how that turns out don’t we?  You go hide under a rock.   

 

regardless - the tea baggers spent Obama’s entire tenure crying about his shrinking deficit and how their poor, poor grandkids are going to be left with the bill.    What are you going to tell those grandkids now?    The debt is a good thing because we reduced unemployment by a point?   

 

 

 

Edited on Jul 29, 2018 5:46am

Boiler, Yes, I remember shovel ready. He said it in the middle  of a recession and he left office in a boom of prosperity.    He said it right before the stimulus package passed that led to 7 years of uninterrupted job growth and 12 million jobs.   That’s common and easily researched knowledge for anyone outside the Fox News sphere.     That’s your definition of “didn’t work” .    

 

Boiler, what are you going to tell your poor grandkids about this accelerating deficit under Republicans?

Edited on Jul 29, 2018 5:46am

’ll concede your point if you can list the legislation Obama signed that created 10 trillion in debt.  “ – He signed the continuing resolutions & budgets over the 8 years in office

 

“The tea baggers spent Obama’s entire tenure crying about his shrinking deficit “– First he ran the deficits up to $1.5 trillion & then bragged about reducing it to levels that were higher than when he took office.  We have been down this road before; you peddling the fake deficit story

 

“he left office in a boom of prosperity.”    1.8% GDP growth is not a boom of prosperity.  In fact. it is one of the worst performances ever & he is the ONLY president not to have 1 year of 3% growth.  Again we have been down this road before, but you refuse to accept reality

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