Atlanta Federal Reserve Bank Predicts 5.4% gdp growth for Q1 2018

The Trump administration immediately began repealing regulations and publicly discussing tax reform.

That’s over 10 years.

 

You're just now putting up new goalposts all over the place. From Obama's way of economics happened all the way till the end of december, so Trump can't take credit for it. To claiming the deficit won't grow because the JTC says so... while the JTC said the opposite. And now this...

Won't trust a word you say unless you source and link around.

 

Look, if you don't have what it takes to answer the simplest of questions just because your ego is so fragile that you cannot handle being proved wrong (or you do not have the wherewithal to even understand what it is you are saying), I am not wasting my time on you.

You clearly have NO IDEA whatsoever what the GDPNow even does.

Your macroeconomic knowledge has shown to be minimal - and that is being polite.


I have no respect for people who are so incredibly inept (emotionally and/or intellectually) that they cannot even answer the simplest of questions for fear of looking erroneous in their prior statements...which CLEARLY is the case here with you.


The 5.4% GDP estimate by the GDPNow is obviously an interim estimate...they even admit as such.

This falls under 'WELL DUH'.

Anyone whom does not see this clearly has no idea what they are talking about.

We are done here...for now.

Have a nice day.

 

Yes, it's 100% rigorous, super serious science

 

Wages (and prices) are governed by economic factors that are not really affected by GDP. They maintain a certain balance to one another and other factors so that the economy can hum along as it has been doing. So, yeah, this nonsense growth will not affect wages much if at all, because the work you do is still worth whatever it's worth. That growth will instead go into new investments and developments of some kind somewhere. That is, new jobs may be generated. The only way for anyone to profit directly from it is to have an investment in it that can pay off, or to get into one of those new jobs/career areas.

 

Yeah, that's lame bullshit and I'm going to push for raising the minimum wage instead

 

That would be pushing for economic imbalance. That money you feel entitled to for doing low-value work has to come from somewhere.

 

The goal posts have not changed.

Read the link you posted and pay careful attention to the chart towards the end.

 

Well duh - exactly. Q1 is not over.

 

Sociology is not a science.

 

It still is that the JTC says it will cost the US taxpayer a lot of money. That disproves you claiming the opposite. I really don't care about what if the short term success is good, when the long term just sucks balls.

 

The JTC model is based on a closed system. The Trump economic policies are based on making the US much more competitive globally which is already happening. The Tax Foundation model with permanent tax rate reductions show no addition to the national debt.

Obama cost the US taxpayers a lot of money - why - pathetic economic growth.

And again we see potty mouth from the party of goodness. Nice.

 

- One, the Tax Foundation is a known conservative leaning, low-taxation group...they are obviously and ridiculously biased for lower taxation and will present whatever they have to do to support it...even by exaggerating the truth.

- Two, though I thoroughly agree with lowering corporate taxes (I think they should be zero), there is ZERO factual data from UNBIASED sources that suggest anything buy a huge jump in deficits thanks to this tax cut with virtually no spending reductions from Trump (quite the contrary).

- Three, trickle-down economics has NEVER worked and is a joke. And outside of the corporate tax cut, this is virtually all the Trump tax plan is.

- Four, if you knew ANYTHING about what was going on in the world's economies today, then you would know that the world economy is being run by central banks. They are the reason equity markets have skyrocketed and they are the reason that economic growth has been relatively stagnant.
And Trump seems content to allow this joke of a situation to continue.

- Five, almost every corporate CEO stated before the tax cuts went through that they would NOT spend the tax cuts, but pocket them. Corporations - which you obviously are not aware of - are largely engaging in stock buybacks. And that is undoubtedly what most of their tax savings will go into.
Sure, after the tax cuts came out, the CEO's put out press statements to make it sound like they would then invest the savings. But that is little more then press BS.

https://theintercept.com/2017/12/19/tax-bill-corporate-cut-stock-buyback-republican/

- Six, although lowering the corporate tax rate will help, the U.S. rate is still larger then Singapore's, Hong Kong's and Great Britain's. And is only 1.5% lower then the E.U.'s.
If you think this alone will suddenly catapult America into economic prosperity - while the Fed is still making economic fundamentals a mess - you are clueless about world macroeconomics.

https://tradingeconomics.com/country-list/corporate-tax-rate

- Seven, Trump is being EXTREMELY unfriendly to other countries on trade....this puts America in a BAD light when it comes to investment. Tariffs are for idiots...they have NEVER worked on a large scale.

I guarantee you that Trump will have sub-3% GDP growth for his time as POTUS.


Don't bother answering as I will not read your gobbledegook. You refuse to answer even the simplest of questions and obviously cannot grasp even the most straightforward macroeconomic concepts. You seem little more then a Trumpbot with blinders on.
You are a complete waste of my time on this subject (except when I am bored and feel like shooting holes in an ignorant post...like yours was).


Have a wonderful day.

 

There is no such thing as trickle down economics.

Heard of the VAT ??

Nice rant though.

 

OIC, thankee

 

You mean record if you don't include the 11 years of 8% or higher GDP growth that century? Funny thing about that growth, Reagan's best year came on the heels of his raising taxes. Coincidence?

 

So which companies have increased production? GDP comes from selling products, not based on company profits. And where is the government going to cover the tax lost due to the tax cuts - can't increase employment as that is already low?

 

how long do i need to continue this before it becomes obvious that i'm not being serious

 

Happy to help.

 

Economics is a pseudoscience and that money is going to come from the bourgeois bastards who've been hoarding all the economic gain

 

It's Reagan's (supply side economic policies) record. But OK, which years were those and why was GDP growth so high ??

Reagan's best year came when the supply side policies were enacted. The tax increases were not on earned income and were a trade off for spending cuts promised by the D's which they reneged on.

 

Do you have a few hundred dollars?

Purchase a handgun and invade the homes of the bourgeoisie, steal as much as you can. This has the upside of then turning these people into proletarians. Better yet, learn to hack and take their accounts for all they're worth.

 

Do your homework on that. The LFPR is at lows not seen since the 70's and U6 is higher than normal.

 

When you are obvious that you are not serious.

 

I already own a gun. The bourgeois/proletarian divide isn't based on wealth, it's based on relationship to the means of production. And individual adventurism isn't effective. As badass as that would be, it would also be pretty pointless. I'm okay with playing it safe, all that considered.