Democrats And Elites Said Trump ‘Was Dreaming’ If He Thinks He Can Get 3.0% GDP

GP ^ | 07/27/18 | Jim Hoft

[madprof98]

Just heard ABC radio explain that the factors behind the growth were just temporary and that economics were certain it could not be sustained.

[bagster]

Proof that progressives just don’t get Trump.

They don't get economics either.

If I had twenty-seven days, I would list everything else they don't get. But I have to do my hair.

Bagster

[Road Warrior ‘04]

For the naysayers: Face meet egg!

[xzins]

I think that means Obama never averaged 3% growth for a year.

It could mean that there was a least one year in which Obama never had 3% growth in any of the 4 quarters.

I think the first interpretation is the correct one.

[glennaro]

How the Democrats/Left/Media must truly hate this newest success, just as they hate it when their arguments against American exceptionalism are thrown right back in their scrunched up, hateful faces.

From the way the Democrats/Left/Media have behaved since November 2016, I take (arguably sadistic) pleasure watching the daily -- more recently hourly -- torments the Democrats/Left/Media continue to suffer. Then again, I'm just applying the Left's "new rules" we're compelled to operate under so that we can preserve our Republic and defend our Constitution.

[Road Warrior ‘04]

Just heard ABC radio explain that the factors behind the growth were just temporary and that economics were certain it could not be sustained.

The same economists who said it couldn't be done?!!!!! Rolling eyes

[spokeshave2]

From an upthread posted today:

Report: Chinese Are ‘Awed’ by Trump’s ‘Skill as a Strategist and Tactician’

Breitbart ^ | 26 July 2018 | John Carney

Posted on 7/27/2018, 6:03:10 AM by BlackFemaleArmyCaptain

Top officials and intellectuals in China are “awed’ by President Donald Trump’s “skill as a strategist and tactician,” according to co-founder and director of the European Council on Foreign Relations Mark Leonard.

Writing in the Financial Times, Leonard reports that on a recent trip to China many of those he spoke to said “that Mr Trump is the US first president for more than 40 years to bash China on three fronts simultaneously: trade, military and ideology.”

And the stupids in the Congress move to undercut "Donald the Strong" (nickname in China for our beloved President)

And Donald the Strong just got an agreement with Europe to join together to resist China on trade and tariff issues.

AND FOR THOSE THAT MISSED IT:

Larry Kudlow: E.U. now backs Trump's trade fight with China The Washington Times ^ | Thursday, July 26, 2018 | S.A. Miller

Posted on 7/26/2018, 11:04:27 AM by GonzoII

President Trump’s chief economic adviser said Thursday that European Union Commission President Jean Claude Juncker pledged to back the U.S. trade fight against China.

The commitment to take on China’s trade abuses was made as part of the breakthrough zero-tariff deal struck this week by Mr. Trump and Mr. Juncker, said Larry Kudlow, director of the president’s National Economic Council.

Game Set and Match to Donald the Strong.

[GOPJ]

Democrats and ‘elites’ suck.

[karnage]

“teal economics”

Either accidentally poetic, or deliberately brilliant, Spok!

[martinidon]

By the end of the day they will claim the results were a continuation of Obama fixing the economy

[jdsteel]

Correct. Obama did have QUARTERS that exceeded 3% but no years. BTW, his administration averaged 2%, the lowest for a recovery since the Great Depression, half of the average and 1/4 of the Reagan recovery.

[dead]

"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? A first-pass answer is never… So we are very probably looking at a global recession, with no end in sight."
Paul Krugman, NYT, the day after the election.


"Trump's domestic policies would lead to recession."
Former GOP presidential candidate Mitt Romney, March 2016.


"If Trump wins we should expect a big markdown in expected future earnings for a wide range of stocks — and a likely crash in the broader market (if Trump becomes president)."
Eric Zitzewitz, former chief economist at the IMF, November 2016.


"Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States."
Former Clinton and Obama chief economist Larry Summers, June 2016.


"Trump would likely cause the stock market to crash and plunge the world into recession."
Simon Johnson, MIT economics professor, in The New York Times, November 2016.


"Citigroup: A Trump Victory in November Could Cause a Global Recession"
Bloomberg Financial News headline, August 2016.


"I have never seen an election in which the markets have so strong of a view as to what was good and bad about the outcome. And what you saw was the markets rallying yesterday because of the FBI thing on Sunday. And the reason I mention this particularly is if the likely event happens and Trump wins you will see a market crash of historic proportions, I think…The markets are terrified of him."
Steve Rattner, MSNBC economics guru and former Obama Car Czar, October, 2016.


"Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House. New research out on Friday suggests that financial markets strongly prefer a Hillary Clinton presidency and could react with panicked selling should Trump defy the polls and deliver a shocking upset on Nov. 8."
Ben White, Politico, October 2016.


"A President Trump Could Destroy the World Economy."
headline of Washington Post editorial, October 2016.


https://www.investors.com/politics/columnists/and-the-hits-just-kept-coming-the-greatest-false-predictions-of-2017/

[shelterguy]

Just watched a minute of Poppy Harlow/CNN Puke.

A guy was saying that the economy under Trump is doing great and she kept interrupting him to say China has a much higher GDP so we are nowhere near as good as they are.

[AndyJackson]

Anyone who actually works in the real world knew that a big burst of economic growth could be had very quickly - just deregulate, get the DC swamp dwelling C-students out of the business of telling the rest of the country how to go about their business.

That part was easy-peasy. Dealing with the merchantilist trade system that we had signed on to where everyone’s industries were protected except American industries is harder. A lot of swamp critters make a lot of money off a status quo that is killing the country.

[grumpygresh]

The shills at the propagandist media will spin the good news and fear monger with talk about looming rate hikes with effect on mortgages, inflation threats, tariffs.

[NorthMountain]

First quarter was 2.2% growth ...

I'll make no predictions regarding ANNUAL economic growth aside from it will be better than 0bama.

[NorthMountain]

During the 0bama regime, initial economic growth estimates were always revised DOWN. So far, during the Trump Administration, they have been revised UP.

Funny how it works that way.

[G Larry]

The problem was getting too excited about the possibility of 4.5% - 4.8% 2Q growth, earlier this week.

4.1% is great, but higher projections earlier in the week make is seem a disappointment.

[Rebelbase]

Mitt Romney, March 2016:

"Let me explain why I say that. First on the economy. If Donald Trump’s plans were ever implemented, the country would sink into prolonged recession. A few examples. His proposed 35 percent tariff-like penalties would instigate a trade war and that would raise prices for consumers, kill our export jobs and lead entrepreneurs and businesses of all stripes to flee America."