US economic growth

[Vol Main]

"Goldman Sachs is calling for 2021 US GDP growth of 6.9%, the fastest since 1984. Morgan Stanley is even more bullish, predicting 7.3% growth."

After Biden stimulus, US economic growth could rival or even surpass China's - CNN

 

[NorthDallas40]

Thanks Trump for putting growth policies in place before leaving office. Let’s hope the dementia patient doesn’t screw it up for everybody!

 

[MG1968]

"Goldman Sachs is calling for 2021 US GDP growth of 6.9%, the fastest since 1984. Morgan Stanley is even more bullish, predicting 7.3% growth."

After Biden stimulus, US economic growth could rival or even surpass China's - CNN

How is taking 1.9 trillion dollars out of the private economy stimulating?

 

[NorthDallas40]

How is taking 1.9 trillion dollars out of the private economy stimulating?

That’s next year when the bill comes due. Right now they printed fresh money out of thin air.

However 6.9% of 21.4T is 1.5T and the people are only getting a few hundred billion to blow so clearly these idiots suck at math anyway.

 

[AM64]

"Goldman Sachs is calling for 2021 US GDP growth of 6.9%, the fastest since 1984. Morgan Stanley is even more bullish, predicting 7.3% growth."

After Biden stimulus, US economic growth could rival or even surpass China's - CNN

So it's really based on hype - there's no promise of economic growth here. US recover and resurgence will only happen based on job growth and on taking back our manufacturing. The great nonsense of farming out manufacturing while we somehow move to a higher plain and don't get our hands dirty should have been recognized as academic economic fraud by now - relegated to the trash bin with Keynes and other failed bunk. US workers buy our products; robots and Chinese don't; it's pretty clear if you don't manufacture and develop that you don't grow wealth, and spreading play money isn't wealth.

Georgia was a game-changer

The $1.9 trillion American Rescue Plan is a major factor behind the optimism.
After President Joe Biden's election in November, many economists thought a divided Washington would only be able to agree on a relatively modest stimulus package in 2021.
However, that calculation began to change after Democrats retook the Senate in January by sweeping the runoffs in Georgia. That opened the door to passing party-line legislation to boost the economy.
The day after the Georgia races were called, Goldman Sachs upgraded its GDP growth forecast to 6.4%, up from 5.9% previously and well above the consensus of about 3.9%. Goldman Sachs predicted $750 billion in fiscal stimulus in February or March.

 

[Vol Main]

How is taking 1.9 trillion dollars out of the private economy stimulating?

Moving $1.9 Trillion into the economy is not taking $1.9 Trillion out of the economy.

 

[allvol123]

"Goldman Sachs is calling for 2021 US GDP growth of 6.9%, the fastest since 1984. Morgan Stanley is even more bullish, predicting 7.3% growth."

After Biden stimulus, US economic growth could rival or even surpass China's - CNN

Um....when you complete shut something down and then open it back up....the growth number is going to be absurd.

 

[AM64]

That’s next year when the bill comes due. Right now they printed fresh money out of thin air.

However 6.9% of 21.4T is 1.5T and the people are only getting a few hundred billion to blow so clearly these idiots suck at math anyway.

The real foolishness in a lot of ways is failing to recognize the disparity between the "investment" markets and US industry. The markets are a gambling establishment that every now and then reference a major event to hype the pump and dump system and keep it working ... and not to the advantage of the average US resident.

 

[AM64]

Moving $1.9 Trillion into the economy is not taking $1.9 Trillion out of the economy.

Wasting x amount of dollars on fashion rather than on a necessity is very much removing x amount of dollars from a family economy. This is simply theft, graft, fiscal incompetence on a bigger scale. What it may stimulate is sales of Chinese goods.

 

[SpaceCoastVol]

Moving $1.9 Trillion into the economy is not taking $1.9 Trillion out of the economy.

LOL

 

[Pepe_Silvia]

Moving $1.9 Trillion into the economy is not taking $1.9 Trillion out of the economy.

Why stop at $1.9 trillion then?

Print up $100 trillion and hand it out.

 

[VolStrom]

Wasting x amount of dollars on fashion rather than on a necessity is very much removing x amount of dollars from a family economy. This is simply theft, graft, fiscal incompetence on a bigger scale. What it may stimulate is sales of Chinese goods.

Yeah, I just bought $2800 worth of lithium batteries for my motorhome from China via an American company. Thanks Joe!

 

[allvol123]

Why stop at $1.9 trillion then?

Print up $100 trillion and hand it out.

Indeed. I've yet to understand if 1.9 trillion is great and has no side effects, then why not 100 trillion since we are making all thus up from thin air.

 

[Vol Main]

Why stop at $1.9 trillion then?

Print up $100 trillion and hand it out.

Why? Because the wealthiest Americans have moved so much money into offshore tax havens that the economy cannot function as it should be functioning. Putting money into peoples' pockets increases demand which leads to increases in supply and general economic activity. You should know that the annual budget cannot accommodate a $100 Trillion stimulus. Even if it could, it's hard to spend that much money with effectively reasoned processes. It is not what is needed.

 

[allvol123]

Why? Because the wealthiest Americans have moved so much money into offshore tax havens that the economy cannot function as it should be functioning. Putting money into peoples' pockets increases demand which leads to increases in supply and general economic activity.

Where does the supply come from if there is no labor because we "putting money into people's pockets"?

 

[VolStrom]

Why? Because the wealthiest Americans have moved so much money into offshore tax havens that the economy cannot function as it should be functioning. Putting money into peoples' pockets increases demand which leads to increases in supply and general economic activity.

In China.

 

[Y9 Vol]

Why? Because the wealthiest Americans have moved so much money into offshore tax havens that the economy cannot function as it should be functioning. Putting money into peoples' pockets increases demand which leads to increases in supply and general economic activity. You should know that the annual budget cannot accommodate a $100 Trillion stimulus. Even if it could, it's hard to spend that much money with effectively reasoned processes. It is not what is needed.

Bless It

 

[SpaceCoastVol]

Why? Because the wealthiest Americans have moved so much money into offshore tax havens that the economy cannot function as it should be functioning. Putting money into peoples' pockets increases demand which leads to increases in supply and general economic activity. You should know that the annual budget cannot accommodate a $100 Trillion stimulus. Even if it could, it's hard to spend that much money with effectively reasoned processes. It is not what is needed.

LOL this would really be funny were it not so pathetic.

 

[AM64]

Yeah, I just bought $2800 worth of lithium batteries for my motorhome from China via an American company. Thanks Joe!

I'm buying an electronic bagpipe chanter that comes from Australia. How much of that comes from China is up for debate, but in the end I'm stimulating the economy of another country because what I want isn't built here.

 

[Vol Main]

Both financial and manufacturing industries exist to make profits. That's capitalism. We are a capitalist country. If your company does not make profits, the lights go off and the doors close.

 

[volfanhill]

My only response to this thread is hahahahahaha.

 

[allvol123]

Both financial and manufacturing industries exist to make profits. That's capitalism. We are a capitalist country. If your company does not make profits, the lights go off and the doors close.

And they should close if they arent run properly. Govt needs to butt out.

 

[SpaceCoastVol]

Both financial and manufacturing industries exist to make profits. That's capitalism. We are a capitalist country. If your company does not make profits, the lights go off and the doors close.

The Chinese are capitalists too. With a third world workforce. If course leftists would rather lower the bar than raise it, so......

 

[NorthDallas40]

Why? Because the wealthiest Americans have moved so much money into offshore tax havens that the economy cannot function as it should be functioning. Putting money into peoples' pockets increases demand which leads to increases in supply and general economic activity. You should know that the annual budget cannot accommodate a $100 Trillion stimulus. Even if it could, it's hard to spend that much money with effectively reasoned processes. It is not what is needed.

LMFAO

 

[NorthDallas40]

My only response to this thread is hahahahahaha.

You owe me royalties noob