General Trump Administration F**kery Thread (2017-2021)

Slystallion

Slystallion

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Pressure

Pressure

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Slystallion said:
Those forecasters can't even predict the next quarter how accurate do you think they will be over a decade lmao

NBS: GDP to Reach 4 percent This Year and 4.8 percent in 2019 | News Now

Economists are wrong more than weather men

Right now gdp is kicking ass

https://www.google.com/amp/s/www.dailywire.com/news/14454/7-times-congressional-budget-office-got-its-aaron-bandler?amp
Click to expand...
interesting sources...:PatriceTrump:


Calendar GMT Actual Previous Consensus TEForecast
2018-03-28 12:30 PM GDP Growth Rate QoQ Final 2.9% 3.2% 2.7% 2.6%
2018-04-27 12:30 PM GDP Growth Rate QoQ Adv 2.3% 2.9% 2% 2.2%
2018-05-30 12:30 PM GDP Growth Rate QoQ 2nd Est 2.2% 2.9% 2.3% 2.3%
2018-06-28 12:30 PM GDP Growth Rate QoQ Final 2.9% 2.2% 2.2%
2018-07-27 12:30 PM GDP Growth Rate QoQ Adv 2.1%
2018-08-29 12:30 PM GDP Growth Rate QoQ 2nd Est
Click to expand...

Trump promised 4% growth though with the tax cuts.:PatriceTrump:

Additionally, the president's policies can have a limited impact of the economy given the global nature of the inputs of the US economy. Currently, the IMF projects world GDP growth to be 3.1% for 2016 and 3.4% for 2017, it is unlikely given the US economy's global nature for it to outperform this by much.

The rest of Trump's proposal outlines how 4% growth will be achieved by cutting the corporate tax rate and through deregulation.

According to the world bank, the proposed cut in corporate taxes would add just 0.3% to GDP growth this year and 0.8% next year.
Click to expand...

Seems accurate

:TrumpSigh:
 
Pressure

Pressure

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Slystallion said:
Why are you posting stuff from 2016

Trump's forecast of 4% GDP growth close to coming true as Americans spend tax-bill proceeds
Click to expand...
I showed you current numbers from last qtr. And then showed you what projections were qtr by qtr and those numbers were similar to the IMF projections I cited regarding the gains from the tax cut.


So this qtr is expected to hit around 3.6-4.0%. QoQ from last year to this year placed that at around 0.5-0.8 as suggested by the IMF for 2018.

The point being that the current numbers fall in line with previous projections from 2016 which suggests we will fall short of the numbers that make the tax cut beneficial and able to pay for itself instead of just ballooning the deficit for a short term bump that we'll have to pay off some other way in the future. :scust:
 
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