GDP

A list to Annoy Liberals (Trigger Warning)

by Steve MacDonald December 17, 2017

c/o Twitchy the most powerful person in the White House Press Office (a woman) wants to know what was the most underreported story of Mr. Trumps first year in office? Which is the more underreported story of @POTUS Year One?-Defeat of ISIS -Booming Trump economy — Sarah Sanders (@PressSec) December 17, 2017 Some folks added a […]

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Data Point – Economy may hit 3.9% GDP rise this quarter??

by Skip December 5, 2017

New York Fed Now Projects 3.9% GDP Growth in Fourth Quarter… Another week – another set of weekly economic data – another upward forecast of anticipated 4th Quarter GDP growth.  Two weeks ago the Fed raised the 4th quarter growth projection to 3.2%. Last Week they revised that up to 3.8%. This week they have revised it upward again to 3.93% Remember, […]

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Data Point- this quarter to be even BETTER than previously forecast?

by Skip November 22, 2017

Don’t look now, but U.S. growth forecasts are moving higher. That’s helping to support U.S. stocks. Projections for U.S. economic growth from two Federal Reserve banks have risen in recent weeks. The Federal Reserve Bank of New York on Friday forecast that gross domestic product will rise 3.8% in the fourth quarter, up from a […]

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Data Point – Three quarters in a row?

by Skip November 12, 2017

All leading economic forecasters said it would be impossible for President Trump’s MAGAnomic plans to generate 3% GDP growth in the first year.  President Obama said it was impossible and Trump would need a “magic wand, or something“. Well, three months after taking office (April-June), it was Quarter 2, and the U.S. GDP began growing over […]

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Data Point – 3rd quarter GDP 3.0% rise

by Skip October 27, 2017

This is on the heels of last quarter’s 3.1% rise – two quarters in a row of above 3.0% since 2014 under Obama (and that year turned in a measly 2.4% overall).  No, two points in a row does not yet make a trend but predictions were showing around 2.4-2.5% due to Harvey, Irma, and […]

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Data Point – 2017 Q2 final GDP result

by Skip September 28, 2017

“With just two days left until the end of the third quarter, what happened in Q2 will hardly provoke a market reaction, which is why when the BEA announced that the third and final Q2 GDP print was revised from 3.0% to 3.1%, (or specifically from 3.049% to 3.06%) it hardly inspired a move in […]

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Data Point – GDP rose faster than first thought: 3.0%

by Skip August 30, 2017

A bit of good news – the pace of the economy is actually doing better than initial reports (reformatted, emphasis mine): The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of […]

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Your Tax Dollars Being Used To Push Massive Climate Fraud On Public Radio

by Steve MacDonald July 23, 2017

Some related links here and here. The source page for this video can be found here. RCS

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Data Point – Not a single year over 3% GDP growth

by Skip January 29, 2017

U.S. Has Record 11th Straight Year Without 3% Growth in GDP Obama has boasted about how he “saved” the American economy.  That’s like the mechanic that “fixed” my 0 MPH car so now it will go 10 MPH (when it should be able to goo 100 MPH). UPDATE: The latest numbers mean that Obama’s economic […]

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Data Point – Latest US Quarterly Growth: a measly 0.5%

by Skip April 28, 2016

(H/T: IBTimes)   This is not looking good.  UPDATE:

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Data Point – Atlanta Fed Reserve: Recession coming?

by Skip April 10, 2016

SHOT:  From President Obama’s weekly address Hi everybody. Over the past seven years, we haven’t just been recovering from crisis, we’ve been rebuilding our economy on a new foundation for growth – growth that benefits everybody, not just folks at the top. Chaser: “More economists are forecasting that the US economy nearly shrank in the […]

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Data Point – the new normal that Obama has brought us

by Skip February 27, 2016

And given that she is running to be Obama’s third term, Hillary is absolutely OK with this: Growth foregone? No problema as long as she has the control.  This is the greed of politicians – as long as they are in control, nothing else matters. (H/T: CNSNews)

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Obama Crushes Another Record

by Scott Morales June 2, 2015

His presidency has produced the lowest average first quarter GDP growth evah recorded. President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic

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I’ll Trade You 20 Trillion For A Crappy Jobless Economy

by Steve MacDonald June 25, 2014
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If you add all the Obama budgets and the deficit you get some huge number with ‘Trillions’ after it.   Democrats took the taxpayers on a spending binge that doubled the deficit, burdened them with a massive new entitlement, encouraged middling to declining growth, the worst labor participation rate in decades, record Welfare, food stamp, and […]

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GDP Adjusted – US Economy Contracts in Q1

by Steve MacDonald May 29, 2014
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US Economy Contracts in Q1 The Economy sucks for everyone except the rent seekers and people in “The Capitol” as the economy for Q1, originally estimated at 0.1% growth, has been revised to a loss of 1%. Patterico makes the best comparison I have seen so far.  This administration is shaping up to be very […]

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Data Point – GDP vs Employment, 2002 – 2013

by Skip December 29, 2013

Productivity: (H/T: AEIdeas)

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Under Democrats Debt Doubles v. Growth

by Steve MacDonald October 10, 2013
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Remember when 9 trillion was irresponsible and unsustainable debt? Democrats have had a majority control of Government…since January 2007. (That’s six years for the math-challenged.) Since then we have added almost 8 trillion in additional debt on top of the 9 trillion that was so irresponsible back in 2007-2008, B.O.E. (Before the Obama ERA). Same […]

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Backward is the New Forward

by Steve MacDonald January 30, 2013

Not all that long ago I pointed out that “Forward” is the new backward.  As we progressed into 2013, everyone inherited a tax increase courtesy of the forward progress of the Obama Administration as it kept its promise not to rasie taxes on the “middle class.  Well it has only been two weeks since then […]

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Spending as A Percetage of GDP 1950 – 2010

by Steve MacDonald January 22, 2013

A new study from the St. Louis Fed has provided us with this nifty graph. The Graph below shows spending by major categories as a percentage of GDP.  Some may find this surprising. There are more charts at the link, also here at Hot Air.  Take particular note of the graphs on revenue and spending relative […]

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Data Point – Fed spending / income

by Skip November 25, 2012

(H/T: The Blaze)

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Data Point – 2012 Q3 GDP

by Skip October 26, 2012

The Bureau of Economic Analysis reported today that Q3 GDP ticked upward to 2.0 percent, after clocking in at 1.3 percent in Q2. But that headline number gives only limited amount of information. Here’s a more detailed breakdown from today’s BEA report. It could have been worse: Personal consumption improved to 2.0 percent in the […]

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Yes, More US Energy Use Equals More Output

by Steve MacDonald February 10, 2011

This is not a theorem, or a rule, it is more of a guideline. That US Energy consumption produces equals output. I made this case back in 2008 when wackadoodles like Jeanne Shaheen, Paul Hodes and Carol Shea-Porter (among others milking the teats of the earth-mother for green votes) complained about how America used 25% of the worlds energy–or something close to it, and we were evil for using all that energy. The narrative was that we were domestic abuses of a child named “resources.”

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