Not a member of Pastebin yet?
Sign Up,
it unlocks many cool features!
- ** But President Trump will destroy the economy.**
- Credit:Tsalvan
- >We've hit more than **3% growth,** finally! The American economy is casting away its shackles! This is big news, I'll do my best to explain why.
- This image:
- >https://i.imgur.com/eC62Eck.png is the focus of this post.
- >Our real GDP is one of the ways we measure the strength of our economy, and our potential GDP is how much our actual GDP could be if every firm in the country were operating at its capacity. Usually our actual GDP doesn't waver too far from our potential, but if we take a really hard hit to the economy, it can. This difference between potential GDP and what our GDP actually is, this is called the output gap.
- >We had a bit of a drop in actual GDP after the World Trade Center was destroyed on 9/11, but after the 2008 recession, our actual GDP sank hard. During the Obama years, our economy just struggled to get any significant GDP growth back, which was frustratingly weird considering the American economy tends to bounce back just as hard after taking a hit (a fitting embodiment of the American spirit). Rather than surge in a comeback, our actual GDP limped sadly back towards, never reaching its potential to close the gap in Obama's whole 8 years.
- >On April 28, 2016, the US Bureau of Economic Analysis and the Congressional Budget Office released their predictions about how soon the gap could be closed if our GDP growth rate improved. Their prediction is in the image above.
- If we were to continue at around 2% like we had been under Obama, 2021 would have passed and we still wouldn't be near closing the gap. It would have been pathetic. Sad! If we were to hit 2.5%, which is ordinarily a mediocre number (but the standard of excitement over the economy during Obama was depressingly low anyway), then we would have finally closed the gap around May or June 2019.
- >A gloomy statement, 2.5% was considered optimistic. Then they predicted that if we hit the pie-in-the-sky number of 3% growth, the gap would have been closed by early 2018. That was the dream figure. And we hit 3% before the end of 2017! Our output gap is at less than -.8% and as we speak now is steadily closing.
- He's been in office less than a year and we've just blown away the expectations of the Bureau of Economic Analysis, and the Congressional Budget Office. There's actually no excuse why this couldn't have happened under Obama's 8 years. All he had to do with the economy was not sit on it. This is why we elected a businessman. People can laugh and mock the Make America Great Again slogan until the cows come home to Chappaqua, but this is real. Our economy is coming back.
- >archive.is/yfbMu
- >The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter.
- >An increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.
- >Gross domestic product increased at a 3.0 percent annual rate in the July-September period after expanding at a 3.1 percent pace in the second quarter
- **But President Trump won't get along with world leaders**
- >Japan's Abe remains Trump's best ally against 'unprecedented' North Korea threat
- >archive.is/Aib1U
- >archive.is/cDywS#selection-181.0-181.80
- >archive.is/1UdlA
- **But President Trump doesn't have a plan for Isis**
- >archive.is/ptZcE
- >Raqqa Is in Ruins, and ISIS in Retreat
- >Also, Raqqa is now in ruins. More than 4,450 airstrikes by the U.S.-led military coalition and others have left its streets a moonscape of shattered buildings and mountains of detritus. What was once a city of 200,000 is now all but deserted. Clouds of flies hover near collapsed buildings, a sign of the bodies crushed beneath. The Baghdad Gate, a brick relic from the 8th century, stands over the skeletons of slain ISIS fighters that lie in the open air, their flesh eaten away by dogs.
- >http://archive.is/1VYOG
- >archive.is/eKD1m
- **But President Trump hasn't done anything!**
- Um **WRONG SWEETIE**
- China, U.S. reach trade agreement on beef, poultry and natural gas >http://archive.is/5kxIF
- China buys more U.S. coal, sends North Korea
- >http://archive.is/reqXe
- China opens rice market for US exports for first time ever >http://archive.is/R9LSx
- First U.S. Natural Gas Shipped to Poland
- >http://archive.is/9L9mH
- Trump slaps tariffs on Canadian lumber imports
- >http://archive.is/sGxmO
- U.S. makes final finding rebar exports from Taiwan
- >http://archive.is/0uUAZ
- United States and Mexico finalize sugar trade deal
- >http://archive.is/XV3PV
- Trump orders probe of China's intellectual property practices >http://archive.is/q6NNR
- Crude oil shipment from Texas opens new vistas in India-U.S. ties >http://archive.is/gPaNm
- Argentina agrees to allow first U.S. pork imports in 25 years >http://archive.is/twmqa
- Companies behind Trump's $250 billion China deal
- >http://archive.is/Rd5Yr
- Economy
- President Trump Cuts More US Debt for Longer Period of Time Than Any President >http://archive.is/lJk4Z
- Q3 GDP up 3%
- >http://archive.is/nmj90
- Government spending as percentage of GDP down
- >http://archive.is/2sG4k
- US trade deficit narrows- exports hit 2-1/2-year high
- >http://archive.is/Ulytn
- U.S. has record 6 million job openings, 6.8 million Americans looking for jobs >http://archive.is/TQrnw
- USA's small business confidence is spurring a hiring and spending spree >https://archive.is/vQAi6
- Wages rising faster than prices https://www.bls.gov/news.release/pdf/cpi.pdf https://www.bls.gov/news.release/pdf/empsit.pdf
- Consumer confidence hits 125.9 in October vs expectation of 121 >http://archive.is/8ivKy
- U.S. Consumer Sentiment Rose in August
- > https://archive.is/JXY9o
- Economy Is Beating Forecasts Again
- > http://archive.is/Dhhs9
- 63.1%: Participation Rate Reaches Trump-Era High
- >http://archive.is/4KYyH
- Fewest Jobless Claims Since 1973
- >http://archive.is/ulfiI
- Summer Youth Unemployment Falls, Lowest Since 1969
- >http://archive.is/t2RHr
- Black Unemployment, Lowest in 17 Years
- >http://archive.is/uf5OQ
- Manufacturing Expands at Fastest Pace in 13 Years
- >http://archive.is/1kE5U
- Summer employers hired American, raised wages amid Trump visa squeeze >http://archive.is/dZVZc
- Recover Finally Trickling Down to Least-Educated Workers >https://archive.is/7dwNo
- Median Incomes Climbing- First Time Since 2007
- >https://archive.is/TyB3d
- U.S. Job Satisfaction Highest Level Since 2005
- >http://archive.is/h8D7W
- 1.5 Million Fewer Americans on Food Stamps Under Trump
- >http://archive.is/IAxTW
- Net worth for households and non-profit groups rose 1.8%, to $96.2t >http://archive.is/pRixH
- U.S. New-Home Sales Highest Since 2007
- >http://archive.is/U5wCa
- US durable goods orders rose 2.2%
- >http://archive.is/hW7ZZ
- Dow posting first eight-quarter winning streak in 20 years >http://archive.is/pRr0w
- Surging stock market powers U.S. wealth to $96.2t
- >http://archive.is/EcBpD
- >U.S. President Donald Trump ordered the unveiling of 2,800 documents related to the 1963 assassination of President John F. Kennedy
- >http://archive.is/T7f4j
- >Proposing new policies on creating and repairing infrastructure - speed up, larger budget - will be introduced to Congress soon
- >Trump blocks Chinese purchase of U.S. company for national security reasons
- >Increasing the power of the US Cyber Command - more resources to fight cyberspace threats
- >Increasing funds to NASA - Mars mission by 2033
- >Brought back the National Space Council
- >Senators Lankford (R) and Booker (D) have co-sponsored a bill that would strip any taxpayer funding to professional sports teams for building their stadiums
- >USA and Russia agree to cooperate on building the first lunar station
- >Promoting Free Speech and Religious Liberty executive order
- >New and improved policies towards Cuba (fix American tourism and the human rights of Cubans)
- >Getting rid of Obama's wasteful environmental policies
- >Brought home Otto Warmbier and Aya Hijazi, captives from North Korea and Egypt respectively, that Obama ignored
- >Privatizing air traffic control
- >The Department of Transportation has gotten rid of many Obama-era regulations regarding truck drivers
- >H.R. 1238 - Securing our Agriculture and Food Act
- >Executive Order on the Establishment of the American Technology Council
- >http://archive.is/QdSzo
- >Barring transgenders from the military (currently on hold by a (((federal judge))), will get BTFO by the Supreme Court)
- >http://archive.is/4kStU
- >Trump has decertified the Iran Deal - Obama BTFO once again
- >http://archive.is/dhpzi
- >Trump continues to put pressure on North Korea - de-escalate or face destruction
- >http://archive.is/azyan
- >China has announced it will cooperate with US sanctions on North Korea, will close all North Korean businesses within the next 120 days - severely limits North Korea’s ability to import food, fuel, etc.
- >http://archive.is/aDUBg
- >More than 1/3 of the territory ISIS has lost since 2014 has occurred during Trump's first 6 months in office
- >http://archive.is/BH2P6
- >U.S.-backed forces reclaim ISIS capital of Raqqa
- >http://archive.is/zmXjQ
- >Mosul liberated (ISIS BTFO)
- >http://archive.is/GCCPd
- >U.S.-allied forces take Syria's largest oil field from ISIS - major blow to ISIS’ income
- >http://archive.is/dIj4W
Add Comment
Please, Sign In to add comment