Posted on 07/27/2018 2:58:39 PM PDT by Beave Meister
Prepare to be excited about a blockbuster economic report on Friday morning but not too excited.
Preliminary data from the Commerce Department is expected to show that United States gross domestic product grew at an annual rate of more than 4 percent in April through June. Some economists think growth may have topped 5 percent a figure reached only once in the eight years of the Obama administration as the economy recovered from the recession.
While he said he didnt know the actual number, President Trump didnt wait to herald the rosy news. At an event in Iowa on Thursday, he said he was expecting a very strong result, noting predictions that ran to 5 percent or higher. It could be very close, he said. Could even happen.
Well take anything with a four in front, he added.
Even a number starting with a four, though, will almost certainly be misleading. Several one-time factors including a surge in exports tied, at least in part, to Mr. Trumps trade policies probably combined to pump up growth in the second quarter. Those effects wont last, and economists expect growth to slow in the second half of the year. Pretty much no one outside the White House thinks a growth rate of 4 percent is sustainable in the long term.
(Excerpt) Read more at nytimes.com ...
But the liberal media won't have any of this. They will always find a way to hate Trump and hate good news for America. MAGA
Haters will be haters......
Ben Casselman suckles at the anal orifice of Zero, the Brown Clown.
Sour grapes sore losers.
I heard this same “sour grapes” analysis on the radio today in the run-up to Trump’s announcement. It is obviously the party line.
“Some economists think growth may have topped 5 percent a figure reached only once in the eight years of the Obama administration as the economy recovered from the recession.”
I didn’t think we ever bumped 2% with Barry in charge.
https://twitter.com/bencasselman/status/796168623643627521
You can safely say that little Bennie works for the DNC.
It may be possible. I don’t think they factored in Trump’s magic wand.
That is correct, we never came close to 2 1/2% under Barry. I think Ben just made that one up. And if you call him on it he’ll just say, “Oh that was a typo.”
The Slimes and the rest of the Deep State are like the popular girl in high school who gets beat out for homecoming queen, and rather than accept defeat gracefully, is all hellbent to make everyone in school hate that other girl by sliming her with outlandish lies in effort to destroy her at any cost. Maybe not the best analogy, but isnt that what were seeing playing out before us? The MSM, Democrats and NeverTrumpers are nothing but crybaby drama queens who want the throne but cant get it!
https://twitter.com/bencasselman/status/796168623643627521
He was still hoping at 9pm on November 8th, 2016 that the crippled felon was going to be able to pull it out...
Of course not. Trump “The Idiot” makes all of media and the left to be fools and they know it.
3 Dec 2016: Weekly Standard: Media: If Trump’s Economy Is Good, Thank Obama
by Eric Felten
The Trump win was supposed to sink the economy. Instead, thingsat least so farseem to be looking up. And so a new media narrative has just been launched: If Donald Trump succeeds, it will be because President Barack Obama gave him such a great push. How else to explain the near simultaneous publication of two articles on Friday, one in Politico, the other at FiveThirtyEight...
The second, over at FiveThirtyEight, come from Ben Casselman and is headlined, “Trump Will Benefit From Obama’s Strong Job Market.” To Casselman’s credit (or that of his editor), the subhead is a bit more measured: “Donald Trump will inherit a job market that is strong but perhaps not quite firing on all cylinders.”...
So, just remember, if the economy surges in the coming year, it’s the Obama Boom. Should, however, growth and employment collapse, the poor will be living in Trumpville, natch.
https://www.weeklystandard.com/eric-felten/media-if-trumps-economy-is-good-thank-obama
Yes, we did. We’ve had lots of .gov spending under Obama. Trump is trying that and throwing in tax cuts. Getting rid of regulations helps as well.
They have "numbers" from 2014 that say we hit 5%, but I guarantee you the economy was not robust in any way.
The numbers are wrong, the numbers are wrong, said Chicken Little.
Obama’s numbers were always adjusted after the fact and not in a good way.
Jobless claims would come out and then they would be adjusted up.
The funny thing is no matter how bad the numbers were, he never changed his policies. Weird, huh?
Obama was the frontrunner on F’ the People
It is scary to read that crap.
The left will believe it as they have nothing else.
They refuse to believe they are the stupid ones, that cannot be!
Trump is mocking 30 years of BS from DC.
They think they're mocking him - but all of them are retweeting the good economic news...
They think they're mocking him - but all of them are retweeting the good economic news...
Government spending produces nothing useful.
50,000 new bureaucrats surfing the net produce negative GNP.
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