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Post by VYPR on Nov 1, 2024 2:22:41 GMT
Wall Street Journal
The high quality of recent economic growth should put a wind at the back of the White House’s next occupantWhoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame. With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate. More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive. This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden. Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris. www.wsj.com/economy/the-next-president-inherits-a-remarkable-economy-7be2d059
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Post by archie on Nov 1, 2024 13:15:36 GMT
Wall Street Journal
The high quality of recent economic growth should put a wind at the back of the White House’s next occupantWhoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame. With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate. More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive. This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden. Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris. www.wsj.com/economy/the-next-president-inherits-a-remarkable-economy-7be2d059 HA HA HA HA HA HA, OH BOY. |
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Post by RinsePrius on Nov 1, 2024 13:20:45 GMT
Wall Street Journal
The high quality of recent economic growth should put a wind at the back of the White House’s next occupantWhoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame. With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate. More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive. This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden. Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris. www.wsj.com/economy/the-next-president-inherits-a-remarkable-economy-7be2d059 HA HA HA HA HA HA, OH BOY. You can laugh or you can cry but on the factual nature of the claim, it's truth you cannot deny. |
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Post by MojoJojo on Nov 1, 2024 13:37:32 GMT
Heh, if Trump wins then the data points mentioned will be celebrated. If he loses they'll be mocked as unindicitive of the real economy.
Perception > data.
The only data point that matters is the R or D after an office holder's name.
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Post by archie on Nov 1, 2024 13:57:05 GMT
Wall Street Journal
The high quality of recent economic growth should put a wind at the back of the White House’s next occupantWhoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame. With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate. More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive. This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden. Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris. www.wsj.com/economy/the-next-president-inherits-a-remarkable-economy-7be2d059 As usual, you are full of (guess what). When Trump was president, everything was a good ten steps forward and maybe one step back then ten forward again every month. Since Biden took over, it is two steps forward and one step back every month. Not that good at all. $$$$$$ I prefer Trump. And the whole country running better for everyone. |
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thor
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Posts: 20,476
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Post by thor on Nov 1, 2024 16:00:36 GMT
Wall Street Journal
The high quality of recent economic growth should put a wind at the back of the White House’s next occupantWhoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame. With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate. More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive. This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden. Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris. www.wsj.com/economy/the-next-president-inherits-a-remarkable-economy-7be2d059 As usual, you are full of (guess what). When Trump was president, everything was a good ten steps forward and maybe one step back then ten forward again every month. Since Biden took over, it is two steps forward and one step back every month. Not that good at all. $$$$$$ I prefer Trump. And the whole country running better for everyone. The economy started to go south under Trump, dummy |
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demos
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Post by demos on Nov 1, 2024 16:03:05 GMT
You can laugh or you can cry but on the factual nature of the claim, it's truth you cannot deny. From an electoral standpoint, particularly with a populist candidate on the ballot, the question is: who's feeling that growth?
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demos
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Posts: 9,206
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Post by demos on Nov 1, 2024 16:04:16 GMT
Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris. I.e., more capable of kicking the can further down the road and not dealing with that problem. |
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petep
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Post by petep on Nov 1, 2024 19:06:33 GMT
Wall Street Journal
The high quality of recent economic growth should put a wind at the back of the White House’s next occupantWhoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame. With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate. More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive. This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden. Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris. www.wsj.com/economy/the-next-president-inherits-a-remarkable-economy-7be2d059 The economy is the worst I’ve seen over a several year period since Carter was in office. |
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Post by Greg55_99 on Nov 1, 2024 19:09:06 GMT
Wall Street Journal
The high quality of recent economic growth should put a wind at the back of the White House’s next occupantWhoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame. With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate. More impressive than the rate of growth is its quality. This growth didn’t come solely from using up finite supplies of labor and other resources, which could fuel inflation. Instead, it came from making people and businesses more productive. This combination, if sustained, will be a wind at the back of the next president. Three of the past four newcomers to the White House took office in or around a recession (the exception was Donald Trump, in 2017), which consumed much of their first-term agenda. The next president should be free of that burden. Meanwhile, higher productivity growth should make the economy a bit less prone to inflation, more capable of sustaining budget deficits, and more likely to deliver strong wages. All would be a boon to President Trump or President Kamala Harris. www.wsj.com/economy/the-next-president-inherits-a-remarkable-economy-7be2d059 The economy is the worst I’ve seen over a several year period since Carter was in office. Just because you FEEL something is true, does not make it true. Greg |
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petep
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Post by petep on Nov 1, 2024 19:46:13 GMT
The economy is the worst I’ve seen over a several year period since Carter was in office. Just because you FEEL something is true, does not make it true. Greg There is not a soul who goes to the store or gets a loan or watches the news that doesn’t see and feel what’s going on Let me guess. You believed biden when he told you inflation was 9 percent when he took office. And not the truth 1.4 percent. |
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Post by Greg55_99 on Nov 1, 2024 20:06:14 GMT
Just because you FEEL something is true, does not make it true. Greg There is not a soul who goes to the store or gets a loan or watches the news that doesn’t see and feel what’s going on Let me guess. You believed biden when he told you inflation was 9 percent when he took office. And not the truth 1.4 percent. I don't see gas lines. I don't see double digit unemployment. I don't see thousands of people dying every day due to mismanagement of a pandemic. Greg |
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Post by HolyMoly on Nov 1, 2024 20:44:16 GMT
Funny how quickly the wingnuts forget about Dumbya's great recession.  |
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Post by RinsePrius on Nov 1, 2024 23:06:00 GMT
You can laugh or you can cry but on the factual nature of the claim, it's truth you cannot deny. From an electoral standpoint, particularly with a populist candidate on the ballot, the question is: who's feeling that growth?
Well, that's a different question and one that's driven more by inflation and price trends than a story about GDP or stock market growth. And it's obvious that many people are hurting. The interesting questions are 1) what caused the problem & 2) what do the candidates propose to do about it? And in that discussion, MAGA has no solution but to pour gasoline on the fire. I have no problem taking a realistic look at the economy providing we also take a realistic look at the proposals the two parties are putting forward. |
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bama beau
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Fish will piss anywhere. They just live in water.
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Post by bama beau on Nov 1, 2024 23:09:27 GMT
There is not a soul who goes to the store or gets a loan or watches the news that doesn’t see and feel what’s going on Let me guess. You believed biden when he told you inflation was 9 percent when he took office. And not the truth 1.4 percent. I don't see gas lines. I don't see double digit unemployment. I don't see thousands of people dying every day due to mismanagement of a pandemic. Greg And I can buy toilet paper again. |
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petep
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Post by petep on Nov 2, 2024 14:12:29 GMT
Funny how quickly the wingnuts forget about Dumbya's great recession. anyone who did not see that coming was a fool...The basis for that recession was clinton changing the banking laws to allow unqualified people to get loans...The runup to the crash was so obvious to most everyone...the reality is people who were paying attention made a fortune on the run up in real estate, sold a year or so before the crash, waited for the crash and bought back real estate over the next 18 months. That was substantially different from what weve seen over the past few years. Intentionally shutting down the economy to favor big business, intentionally printing money like crazy, intentionally flooding the country with illegals, intentionally reducing oil refining/OPEC's reactions, and not increasing mfg jobs at the rate we saw under trump pre pandemic has all resulted in a far wider, wide reaching problem with our economy. Biden harris are directly responsible for most all of these policy changes... |
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Post by RinsePrius on Nov 2, 2024 14:21:22 GMT
Funny how quickly the wingnuts forget about Dumbya's great recession. anyone who did not see that coming was a fool...The basis for that recession was clinton changing the banking laws to allow unqualified people to get loans...The runup to the crash was so obvious to most everyone...the reality is people who were paying attention made a fortune on the run up in real estate, sold a year or so before the crash, waited for the crash and bought back real estate over the next 18 months. That was substantially different from what weve seen over the past few years. Intentionally shutting down the economy to favor big business, intentionally printing money like crazy, intentionally flooding the country with illegals, intentionally reducing oil refining/OPEC's reactions, and not increasing mfg jobs at the rate we saw under trump pre pandemic has all resulted in a far wider, wide reaching problem with our economy. Biden harris are directly responsible for most all of these policy changes... Not to be nit-picky or anything but the lion's share of the money printing happened under Trump's admin, Biden has reduced the money supply. Also Trump prodded OPEC to cut production in order to raise domestic energy prices, meanwhile the Biden admin has gone after US oil companies who colluded with OPEC to reduce output. We produce more energy now than under Trump. Also the Biden admin has a *better* jobs record with respect to manufacturing jobs. |
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petep
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Post by petep on Nov 2, 2024 14:32:07 GMT
anyone who did not see that coming was a fool...The basis for that recession was clinton changing the banking laws to allow unqualified people to get loans...The runup to the crash was so obvious to most everyone...the reality is people who were paying attention made a fortune on the run up in real estate, sold a year or so before the crash, waited for the crash and bought back real estate over the next 18 months. That was substantially different from what weve seen over the past few years. Intentionally shutting down the economy to favor big business, intentionally printing money like crazy, intentionally flooding the country with illegals, intentionally reducing oil refining/OPEC's reactions, and not increasing mfg jobs at the rate we saw under trump pre pandemic has all resulted in a far wider, wide reaching problem with our economy. Biden harris are directly responsible for most all of these policy changes... Not to be nit-picky or anything but the lion's share of the money printing happened under Trump's admin, Biden has reduced the money supply. Also Trump prodded OPEC to cut production in order to raise domestic energy prices, meanwhile the Biden admin has gone after US oil companies who colluded with OPEC to reduce output. We produce more energy now than under Trump. Also the Biden admin has a *better* jobs record with respect to manufacturing jobs. I'd give trump a bad rating on environment... But you have a fundamental misunderstanding of what happened with the OPEC deal that trump negotiated between them and russia....he did this and it resulted in lower prices to us. I've listened to the mainstream media spin and this must be where you are getting your information. what trump did was brilliant and something only someone skilled in world negotiations could do... do you understand how hard it would be to build skyscrapers and resorts and large condo complexes around the planet...he's done this look, we know what we were paying under trump...OPEC unilaterally cut production twice under biden harris. Once on the heels of biden begging them not to ahead of the midterms...it was such a laughable negotiation. They screwed us all. amateurs on the world stage. |
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Post by RinsePrius on Nov 2, 2024 14:39:41 GMT
Not to be nit-picky or anything but the lion's share of the money printing happened under Trump's admin, Biden has reduced the money supply. Also Trump prodded OPEC to cut production in order to raise domestic energy prices, meanwhile the Biden admin has gone after US oil companies who colluded with OPEC to reduce output. We produce more energy now than under Trump. Also the Biden admin has a *better* jobs record with respect to manufacturing jobs. But you have a fundamental misunderstanding of what happened with the OPEC deal that trump negotiated between them and russia....he did this and it resulted in lower prices to us. I've listened to the mainstream media spin and this must be where you are getting your information. what trump did was brilliant and something only someone skilled in world negotiations could do... You're listening to BS news sources if they are telling you this deal made oil cheaper. Production cuts reduce supply and that tends to put upward pressure on price. |
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petep
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Post by petep on Nov 2, 2024 14:45:57 GMT
But you have a fundamental misunderstanding of what happened with the OPEC deal that trump negotiated between them and russia....he did this and it resulted in lower prices to us. I've listened to the mainstream media spin and this must be where you are getting your information. what trump did was brilliant and something only someone skilled in world negotiations could do... You're listening to BS news sources if they are telling you this deal made oil cheaper. Production cuts reduce supply and that tends to put upward pressure on price. This explains what trump did in detail. You'll understand that world production + world refining = total available output and futures in what drives prices at the pump...other things equal if opec cuts production you are correct...but clearly it was not "other things equal" but the reality prices came down and it was a result of trumps intervening and negotiation skills. www.cnbc.com/2020/04/13/opec-cut-is-trumps-biggest-and-most-complex-deal-ever-dan-yergin.html |
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