Seven signs that Trump knows nothing about economics

[KingOrfeo]

To begin with, he claimed the GDP is "below zero." He does not know what GDP is.

 

[4est_4est_Gump]

If you knew anything about economics, you would have bashed him exactly the way I did during the primaries and the general.


You know nothing of economics and are posting stuff that fits in with your desire to see Trump destroyed at any and every cost. But it's not from principle or knowledge, it's the tactic of a True Believer in a Mass Movement.

 

[Rightguide]

To begin with, he claimed the GDP is "below zero." He does not know what GDP is.

One thing for certain, your side promoted the first President in history not to see 3% growth in 8 years. Due mostly to the economic straitjacket he placed on the economy after listening to Marxists all his life.

 

[Rightguide]

If you knew anything about economics, you would have bashed him exactly the way I did during the primaries and the general.


You know nothing of economics and are posting stuff that fits in with your desire to see Trump destroyed at any and every cost. But it's not from principle or knowledge, it's the tactic of a True Believer in a Mass Movement.

I bashed him in other forums for lying about the feasibility of Apple building Iphones in the USA. But his lack of economic reality was vastly eclipsed by Clinton's.

 

[4est_4est_Gump]

At times he has his points.


Did you see Ryan's demonstration about the tape recorders?

Japan removes all taxes on exports and then taxes imports. Additionally, they manipulate their currency, which is, in a large part, our fault for the gradual elimination of the Gold Standard in order to allow our government to manipulate our currency. Clearly that did not turn out to benefit us any more than the 17th Amendment did anything to fight government corruption.

 

[KingOrfeo]

One thing for certain, your side promoted the first President in history not to see 3% growth in 8 years. Due mostly to the economic straitjacket he placed on the economy after listening to Marxists all his life.

From the OP article:

Trump has claimed he will produce sustained 4 percent growth.

In September 2016, Trump’s economic team claimed that his economic plan would raise annual economic growth to 3.5 percent, while Trump himself claimed it could be 4 percent or better. Trump had even said, earlier, that it would be “easily attainable.”

Trump isn’t the only Republican to have promised 4 percent growth — Ted Cruz and Jeb Bush did too. But Trump claims special genius on economic matters. It’s understandable why Republicans would want to promise 4 percent growth — growth is what Republicans promise, but Democrats deliver. Since World War II, economic growth has averaged 4.4 percent under Democratic presidents, compared to just 2.5 percent under Republicans. Which leads to the obvious conclusion: The best plan Trump could have for 4 percent growth would be to switch parties again!

Seriously, there are good reasons why this goal is unreasonable, as explained by Chad Stone, chief economist at the Center on Budget and Policy Priorities. Except for brief spurts during a recovery, the actual GDP — current demand for goods and services — can, at best, only grow as fast as potential GDP, meaning the goods and services the economy could supply with enough demand to fully utilize the nation’s capital and labor. But the Great Recession had a devastating impact on potential GDP, compared to other recessions, as reflected in projections from the Congressional Budget Office.

From 1950 to 1973, productivity grew at 2.4 percent annually, and the labor force grew at 1.6 percent — for a total of 4 percent — compared to the measly growth of 1.4 percent and 0.5 percent, respectively, projected by the CBO over the next decade.

For Trump to have any chance of meeting his target, the CBO projections would have to be wrong by a lot. On top of that, Trump’s mass deportation plan would shrink the labor force, taking us in exactly the wrong direction. Comprehensive immigration reform, including a path to citizenship for many undocumented workers, would almost certainly lead to higher productivity, because citizens and documented immigrants generally have higher job skills and can take on jobs that produce more valuable goods.

I could go on, but by now you get the point: Both as candidate and president, Trump has repeatedly demonstrated an appalling ignorance on economic affairs that’s wildly at odds with the image he projects — and that many voters, even those who rejected him, seem to have believed. Not only does Trump not have more insight into the economy than other politicians have, his comprehension of economic issues is exceptionally weak. That could be a source of serious trouble for the course of his presidency, and the future of America.

 

[BotanyBoy]

To begin with, he claimed the GDP is "below zero." He does not know what GDP is.

The onion knows more about economics than Salon....

 

[Rightguide]

At times he has his points.


Did you see Ryan's demonstration about the tape recorders?

Japan removes all taxes on exports and then taxes imports. Additionally, they manipulate their currency, which is, in a large part, our fault for the gradual elimination of the Gold Standard in order to allow our government to manipulate our currency. Clearly that did not turn out to benefit us any more than the 17th Amendment did anything to fight government corruption.

Yep, he does. I think the good outweighs the bad. At least he doesn't hate America or its founding. He's not there to take us down like Obama and the Democrats were, and still are.

 

[Rightguide]

From the OP article:

Here's the growth chart by President:

http://www.cnsnews.com/s3/files/styles/content_100p/s3/peak_level-gdp_growth-chart.jpg?itok=dUfC9IgL

 

[KingOrfeo]

Yep, he does. I think the good outweighs the bad. At least he doesn't hate America or its founding. He's not there to take us down like Obama and the Democrats were, and still are.

That's the Democratic Party that lives in your head you're describing, not the one that lives in this world.

 

[BotanyBoy]

That's the Democratic Party that lives in your head you're describing, not the one that lives in this world.

LOL

Yea, if you ignore (D)'s blatant hatred of freedom, capitalism, individual rights and national sovereignty. Oh and blatant subversion of democracy this last election cycle LOL, VERY American of them KO!!!

 

[Rightguide]

That's the Democratic Party that lives in your head you're describing, not the one that lives in this world.

On the contrary, that's the Democrat Party that will "live in infamy" as the most destructive force in American history.

 

[phrodeau]

Here's the growth chart by President:

http://www.cnsnews.com/s3/files/styles/content_100p/s3/peak_level-gdp_growth-chart.jpg?itok=dUfC9IgL

Here is a more accurate growth chart, showing average growth, not just the peaks.

https://s3.amazonaws.com/media.hudson.org/images/20160808AndersonGDPChartAvg.jpg

 

[Rightguide]

Here is a more accurate growth chart, showing average growth, not just the peaks.

Non sequitur. My point had nothing to do with the average, but the fact that Obama never reached 3%, an accomplishment exclusive to him.

 

[KingOrfeo]

Here's the growth chart by President:

1. What is the source of that chart?

2. "Peak level" would mean the highest level of GDP growth during a president's term, which is a meaningless figure. An informative chart would show the average growth.

 

[KingOrfeo]

On the contrary, that's the Democrat Party that will "live in infamy" as the most destructive force in American history.

And it lives only in your head.

 

[FakeNews]

In dollar terms, if Obama's recovery had merely been average, the nation's GDP would be $2.4 trillion bigger. That translates into $19,000 in lost income per household.

Heck, if Obama's recovery had managed only to live up to the forecasts Obama himself made at the start of each year — which always turned out to be too optimistic — GDP would be nearly $1 trillion bigger today.

Obama's record on jobs tells the same story. On average, the number of jobs was 18% higher 7-1/2 years after those recoveries started. Under Obama, it was 10.9%. That translates into 12 million fewer jobs.

If you want to know why Donald Trump is sitting in the Oval Office instead of Hillary Clinton, here are your reasons.

Final Tally: Obama's Subpar Economy Cost Americans $2.4 Trillion... http://www.investors.com/politics/e...s-subpar-economy-cost-americans-2-4-trillion/

 

[Rightguide]

And it lives only in your head.

Not according to the American majority, who began cleansing Democrats from their governments, local, state, and federal, with a vengeance after Obama was elected.

 

[someoneyouknow]

Trump is so bad at economics he had George Soros bail him out from his incompetence:

http://conservativetribune.com/bailed-out-trump-towers/

https://www.conservativereview.com/commentary/2016/02/trump-pals-around-with-george-soros

Not to mention he doesn't understand the basics of trade deficits:

http://www.marketwatch.com/story/how-trump-will-make-the-trade-deficit-larger-not-smaller-2016-11-25

Which leads to his latest paper trick, changing how the trade deficit is calculated:

http://www.morningstar.com/advisor/t/118471809/trump-administration-may-tweak-data-to-re-calculate-trade-deficit.htm

Have to give it to the con artist, he doesn't change his ways.

 

[domroger]

Trump is so bad at economics he had George Soros bail him out from his incompetence:

http://conservativetribune.com/bailed-out-trump-towers/

https://www.conservativereview.com/commentary/2016/02/trump-pals-around-with-george-soros

Not to mention he doesn't understand the basics of trade deficits:

http://www.marketwatch.com/story/how-trump-will-make-the-trade-deficit-larger-not-smaller-2016-11-25

Which leads to his latest paper trick, changing how the trade deficit is calculated:

http://www.morningstar.com/advisor/t/118471809/trump-administration-may-tweak-data-to-re-calculate-trade-deficit.htm

Have to give it to the con artist, he doesn't change his ways.

He could give Nero fiddling lessons .

 

[Conager]

Here's the growth chart by President:

http://www.cnsnews.com/s3/files/styles/content_100p/s3/peak_level-gdp_growth-chart.jpg?itok=dUfC9IgL

Clinton's "growth" included the speculative Dot-Com bubble that then burst on W's time. Inaddition, W started in the hole with 911 losses. He artificially inflated his "growth" with removing the marriage penalty, then the Real Estate bubble inflatwd his numbers, then gave most of that back. Obama started in the hole, but the recession officially ended before he took office. Little to no growth for 8 years beyond government borrowing and spending...and the Fed's creation of the current stock market bubble with 80B a month in phoney money. The market bubble will crash soon and be blamed on Trump.

 

[Adre]

Clinton's "growth" included the speculative Dot-Com bubble that then burst on W's time. Inaddition, W started in the hole with 911 losses. He artificially inflated his "growth" with removing the marriage penalty, then the Real Estate bubble inflatwd his numbers, then gave most of that back. Obama started in the hole, but the recession officially ended before he took office. Little to no growth for 8 years beyond government borrowing and spending...and the Fed's creation of the current stock market bubble with 80B a month in phoney money. The market bubble will crash soon and be blamed on Trump.

This is proof that anything can be spun or blamed or credited any which way the spinner's biases compel him.

 

[4est_4est_Gump]

Cash$4Clunkers


Everyone in power has a magic bullet.


Magic bullets are the admission that the elected (and their unelected eunuchs) do not trust us to make the right choices in our daily lives (economic activity), so, they would direct it.