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Tuesday, December 05, 2017

Under Trump, U.S. reaches its potential

(The following post contains liberal tears. This is not a warning, but a brag.)

Now that the Marxist has left the White House, America is back in business, boys and girls.



From the Wall Street Journal:
U.S. Economy Reaches Its Potential Output for First Time in Decade
The U.S. economy is running at its full potential for the first time in a decade, a new milestone for an expansion now in its ninth year.
Total economic output in the third quarter was slightly above the maximum sustainable level of output as estimated by the nonpartisan Congressional Budget Office.
This is a measure of the economy’s potential to produce goods and services based on the supply of people working and how productive they are. In downturns actual output drops below potential and slows inflation. In advanced stages of expansions output can exceed potential and cause the economy to overheat.
It was the first time actual gross domestic product had exceeded potential GDP since the fourth quarter of 2007, suggesting the nation’s economic resources are being used efficiently. An acceleration in growth at this point could generate overheating that produces financial excess or long-elusive consumer price pressures.
That 3.3% growth in the economy in July, August and September is all because we replaced Obama the Marxist with President Trump the Capitalist.

The stoners and choomers are out.

Long live the ROTC.

Trump removed the regulatory roadblock to build pipelines, ended the War on Coal, got Congress to repeal 14 major major Obama regulations, removed hundreds of smaller Obama regulations, and ordered the government to get off the backs of the people.

Evan McMullin would not have done that.

From the Wall Street Journal:
Many economists believe an economy operating beyond its potential will experience stronger price and wage increases as workers and resources become increasingly scarce.
That could be welcome news for the Federal Reserve, which has worried in recent years about persistently sluggish inflation even as the central bank is raising interest rates to keep the economy from overheating and inflation from getting out of hand.
”You have little to no slack left in the labor market, a positive output gap meaning there’s no slack left in the economy — that’s why the Fed continues to eye rate hikes,” said Ellen Zentner, chief U.S. economist at Morgan Stanley. “This is the time you should be hiking rates.”
We handed the keys of the White House to a businessman.

He is making America great again.

And like Blaine Edwards and Antoine Marryweather on "Men On Film" reviewing a chick flick, Robert J. Samuelson hated it:
We don’t need an economic boom, but that’s what we may be getting. Since the 2016 election, the stock market is up roughly 24 percent, reports Wilshire Associates. The price of the cybercurrency bitcoin soared more than 1,000 percent before retreating. The unemployment rate of 4.1 percent is the lowest since 2000. The economy’s growth has exceeded an annual rate of 3 percent for the past two quarters.
Anyone familiar with the post-World War II economy is bound to feel ambivalent about these dazzling developments. On the one hand, after so many years of disappointment following the Great Recession of 2007-2009, it’s nice to see the economy outperforming. Since the low point in late 2009, non-farm jobs have increased by 17 million. On the other hand, extended booms give rise to long busts that have been hugely destructive in human terms — meaning higher unemployment and lower incomes.
So we don't need good times because they lead to bad times.

Like a second term for President Trump.

@@@

Please enjoy my two books about the press and how it missed the rise of Donald Trump.

The first was "Trump the Press," which covered his nomination.

The second was "Trump the Establishment," which covered his election.

To order autographed copies, write DonSurber@GMail.com.

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As always, Make America Great Again.

9 comments:

  1. The problem for people like Samuelson , is they don't see the fact that we have been down so long with Birkenstock of death on the necks of the country for so very long.
    Starting with B-41,Clinton, B-43, 0bama
    have constantly kept the USA from reaching our potential.
    Planned by the Globalists..
    ]TG

    ReplyDelete
  2. I got the impression from reading this that the number of people who could be employed had been exhausted; yet there are many thousands of people who are out there actively looking for jobs. Anybody know why the disconnect here?

    ReplyDelete
    Replies
    1. We are wary and tired of wages that have been stagnant for decades because Americans are forced to compete with illegal workers while our jobs have been outsourced.
      Too many employers have been hooked on illegal worker wages & h1b visa wages

      Delete
    2. TimothyJ - The unemployment rate only counts those people looking for jobs so if you have given up looking for work you are not counted as unemployed. Gummint statistics. Go figger. As more people start looking for work, the unemployment rate may rise.

      The real unemployment rate is U6 which during the Obungler reign was consistently in double digits. It includes all unemployed and underemployed (part timers seeking full time jobs). In October it was 7.9%. - GOC

      Delete
    3. It also doesn't count those going to school "full time" ---- which is one reason so many people went for graduate degrees on student loans and grants.

      Delete
  3. So samuelson's complaint is the trump boom will lead to a bust..........what we REALLY need is permanent subpar growth ala Obama. have I got that right?

    Enjoy 7 more years of trump chump.

    ReplyDelete
  4. The economy is booming? THE HORROR!!
    The horror...

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  5. Wonder if Robert's nickname is Eeyore. Good God, give them a booming economy and they still find something to bitch about. My grandma called it even-tempered: mad all the time.

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  6. Hey deplorables, Robbie's got his; tough shit for you.

    ReplyDelete