US economic growth

[RavinDave]

LOL...should be "full faith and credit of the US taypayer"

I don’t know about you, but this taxpayer is running low on faith in our tax and spend government.

 

[Vol737]

I doubt you guys will want to. The resident white grievance warriors will probably be preoccupied defending Andy Ngo.

I’ll be happy to, but sounds like you have something against gay Asians that are good journalists.

 

[MG1968]

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

Lol. The money had to come from somewhere. Whether printed, borrowed or from tax revenues. It’s cute that you think Biden can just pull this money out of his ass with no ill effects to the economy.

 

[SpaceCoastVol]

View attachment 357311

She has to be a troll. NOBODY can be this stupid.

 

[SpaceCoastVol]

Lol. The money had to come from somewhere. Whether printed, borrowed or from tax revenues. It’s cute that you think Biden can just pull this money out of his ass with no ill effects to the economy.

He thinks Xiden is gonna take it form 'rich' people.

 

[StarRaider]

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

BlueANON is alive and well with the op

 

[evillawyer]

Thanks Joe!
17 Reasons to Let the Economic Optimism Begin 17 Reasons to Let the Economic Optimism Begin

 

[DancingOutlaw]

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

Take out a million dollar loan
call yourself a millionaire
Giga brain

 

[hog88]

Thanks Joe!
17 Reasons to Let the Economic Optimism Begin 17 Reasons to Let the Economic Optimism Begin

Wow, did a HS sophomore write that article?

 

[ButchPlz]

OP is living evidence of the failure of our education system.

Basic economics? Screw it! We'll do it live!

 

[NorthDallas40]

Wow, did a HS sophomore write that article?

Probably got them a scholly to a top 5 law school?

 

[BigOrangeTrain]

OP is living evidence of the failure of our education system.

Basic economics? Screw it! We'll do it live!

People like OP and EL think they know something about everything.

 

[Vol8188]

"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

You mean after the end of lockdowns and massive government spending, GDP (which is measured in now inflated dollars) will increase?

Let’s all pretend to be shocked...

 

[Rasputin_Vol]

Because they didn't "take" it. They "borrowed" it. By definition, this spending adds to GDP. Biden learned this trick from Trump

C'mon, man.

 

[DC_Vol]

This thread is a monument to stupidity.

 

[n_huffhines]

C'mon, man.

Dude, what do you think i mean? Gotta break out the blue font and quote it?

 

[Rasputin_Vol]

Dude, what do you think i mean? Gotta break out the blue font and quote it?

Well, ok. I highlighted the wrong thing.

Because they didn't "take" it. They "borrowed" it. By definition, this spending adds to GDP. Biden learned this trick from Trump

I doubt if the original intent or motive was to prop up the GDP.

 

[n_huffhines]

Well, ok. I highlighted the wrong thing.

I doubt if the original intent or motive was to prop up the GDP.

You don't think Trump spent to prop up GDP? I would bet all my money he did. He loved touting GDP growth and this is the easiest way to get there. The other easy way is lowering interest rates and we all know how hard he was hitting the fed about that. Restricting imports is another way that you can try to increase GDP and where was he on that? It seems pretty clear to me this was a motivation. Why wouldn't it be?

 

[Wireless1]

Simplistic economics. $1.9T pumped into the economy economy grows by about $1.9T (if the money stays in a savings account or to pay off debt the economy doesn’t grow)
If the money is spent on Chinese goods that money leaves our economy so next year retraction
And since this was printed money not created goods, there will be equivalent inflation in years to come

 

[Carl Pickens]

You're confusing the Trump economy with the Trump waistline.

I’m confusing you with a human being

 

[Rasputin_Vol]

You don't think Trump spent to prop up GDP? I would bet all my money he did. He loved touting GDP growth and this is the easiest way to get there. The other easy way is lowering interest rates and we all know how hard he was hitting the fed about that. Restricting imports is another way that you can try to increase GDP and where was he on that? It seems pretty clear to me this was a motivation. Why wouldn't it be?

Again, I doubt very seriously this was the first, second or even third thought in his mind. Also keep in mind that the Congress signed off on that also, so its not like they wanted to give Trump a victory with regards to GDP growth. Trying to just restore the economy and put money in people's hands was the main objective. You are one of the few people I've heard suggest it was a tactic to boost GDP. I'm not sure even his staunchest critics on the far left had even thought if that.

 

[DancingOutlaw]

Simplistic economics. $1.9T pumped into the economy economy grows by about $1.9T (if the money stays in a savings account or to pay off debt the economy doesn’t grow)
If the money is spent on Chinese goods that money leaves our economy so next year retraction
And since this was printed money not created goods, there will be equivalent inflation in years to come

I'd be interested to see how much remittances to Mexico and central America go up after these checks.

 

[evillawyer]

I’m confusing you with a human being

 

[ClearwaterVol]

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

Yeah, it’s all trump.

 

[NorthDallas40]

Yeah, it’s all trump.

It damn sure isn’t the dementia patient as claimed. He hasn’t added anything unique to Trumps plan that’s clear other than writing EOs to cancel anything positive he did just out of spite.