Posted on 01/31/2020 8:57:54 AM PST by C19fan
Joe Scarborough took a shot at what President Donald Trump has repeatedly called the “greatest economy ever, strongest economy ever,” and referenced Thursday’s New York Times report based on recently released GDP figures that show slower economic growth than what the president claims.
The Morning Joe segment opened with Mika Brzezinski referencing the New York Times report following a clip of President Trump boasting about expected economic growth.
“I think we can go to four, five, maybe even six percent ultimately,” Trump proclaimed, adding “each percentage point is two and a half-trillion dollars. We are back. We’re really going to start to rock. We need this as our final push, and you’re going to see some numbers that are great.”
(Excerpt) Read more at mediaite.com ...
The inflation rate in 1979 was 11.35% Not good times.
Say WHAT?
Sure Joe. That’s why consumer confidence is sky high and 68% of Americans think the economy has improved since Trump took office.
And the NYT would never lie.....................
What an ass joe has become.
He’s cherry picking one number, what he fails to mention in 1970 interest rates were astronomically high and inflation was as well. In fact most of the GDP growth in 1979 was simply do to inflation artificially boosting the number.
Joe, Joe the Bu!!$h!+ machine
Man if I had a time machine I go back to 1979 and buy up 30 year Treasuries. Those were being offered at over 10%. Imagine just sitting back and enjoying 10% a year for 30 years.
Those of us who lived through it would disagree.
They need to make up their minds...First the good news on the economy for the past 3 years was all Obama’s doing. Now with a minor hiccup, it’s all Trump’s fault.
Give us a break.
Joe continues to make Mika and MSNBC proud of him. I’ve heard that Joe plays a mean banjo.
Yeah — that was just the inflation rate. What about those 16% mortgages and 18% car loans? That was not a shot in the arm for the economy; it was a shotgun blast to the midsection.
Who are the three people left in the Country that still watch Scarborough?
Hey, Joe. Where you going with your brains in your hands?
Mortgage rates in 1979 were between 11% and 12% as opposed to 3.7% now. This makes a great difference to those buying and owning homes. A foolish contention by Joe Scarborough.
Thanks to Carter’s economy, the parents of a friend of mine had to come out of retirement because the value of their savings had gone down so much.
These libs are becoming the smartass, bad-behavior kid in the 3rd grade, sitting in the back of the room shooting spitwads when the teacher’s back was turned.
True to form, the Democrat/Left lives in their own “reality”. They calculate that if they repeat often enough — and especially — loudly enough, the “real” reality will go away. These are very sick, very nasty and very vile people to do what they do to our Republic ... and they must be stopped or we’ll lose it ... in short order.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.