patrick.net

And the Boom continues to pick up steam!
MAGA!

BlueSardine says

islamic horde of refugees

The term "refugees" always cracks me up. They are mostly just young men looking for easy money and easy women in Northern Europe. They could get safety in Turkey, but they don't want to stay there and the Turks don't want them either.

I do suspect that the demand for such immigrants is driven largely by our own easy women who are disgusted that they get everything they demand from our own weak men -- including the mass import of violent foreign men to replace them.

Also too many obedient men, lots of these Swedish Middle Aged cat ladies WANT a man to be all dramatic and forceful with them. Sven is too kind and quiet and thoughtful.

"Baby, hold my purse while I go flirt with that hunk over there."

Only 4 quarters of Obama's tenure had better growth than this.

Heraclitusstudent says

Only 4 quarters of Obama's tenure had better growth than this.

Meh, here’s a source that puts Obama’s Presidency at the absolute TOP... of presidencies with the lowest average GDP.
https://economix.blogs.nytimes.com/2011/07/29/ranking-the-presidents-by-g-d-p/

I know I know, the NYT, who can trust it?
1.2%! So anemic.

But wait, there’s a more up to date article:
https://www.hudson.org/research/12714-economic-growth-by-president

He’s still sucking hind tit, but his number moved up to 1.5% by the end of his presidency! Hurray! Nearly matches inflation!

Trump Presidency average so far: 2.6%!

Obama was coming back from the Greatest Recession since the Great Depression. It's more stunning how slowly the recovery happened, given the fact the government doubled it's public debt by $10T AND flooded the banks with easy money.

To put it in perspective, $10T could have paid the government budget for 3 years without taxes a few years ago.

We could have had a lavish and fully funded-in-advance Moon-to-Mars Program, rebuilt most of the Navy and Air Force, and had trillions more to spare on infrastructure and R&D and massive subsidies for exports.

Instead the money kinda just went to the banks and overseas.

Heraclitusstudent says

Only 4 quarters of Obama's tenure had better growth than this.

Out of 32 quarters.. that means 28 quarters DIDN'T hit that mark, even with an injection of $4 TRILLION of QE, ZIRP, a $787 BILLION stimulus package and adding $10 TRILLION of new debt.

See the problem yet?

Wanna tell us again how great of a President Obama was?

Congratulations to Quigley and Trump supporters for their awesome forecast.
Trump haters, I don't know what we are gonna do with you guys. I really don't.

Boom, ha. More like Ka-boom before the end of Trump's term. I'm glad he's owning this economy, so when it comes crashing down he can take full blame. Can't wait until he tried to blame Hillary or Obama for it. Our economy is fake, 2008 was just a warm up for the real crash.

The question is, is this worth the massive deficits we're running right now ?

Paying for economic growth with massive deficit spending is nothing new.

https://www.nytimes.com/2018/07/25/business/trump-corporate-tax-cut-deficit.html

The deficit this year wil be in the 800 billion to one trillion dollar range. I know that my mentioning that will make you guys change the subject to bring up Obama deficits, that occurred with the worst recession since the depression, and when we were paying for Medicare part D and Iraq war spending that had been put on the credit card by Bush.

That's all irrelevant. IF these are boom times, then it should be one time when deficits are low, or where we even run surpluses as we did toward the end of the Clinton years.


Right wingers: "Yeah, b-b-b-but,.........."

MrBark says

Boom, ha. More like Ka-boom before the end of Trump's term.

Which term, the first one or the second one?

marcus says

The question is, is this worth the massive deficits we're running right now ?

A question that should have been asked 2009-2016, when we added $10T, doubling the debt, in return for a rather sluggish recovery.

TwoScoopsOfWompWomp says

A question that should have been asked 2009-2016, when we added $10T, doubling the debt, in return for a rather sluggish recovery.

That was a bizzarre deep recession, zirp environment. I knew one of you would try to make that lame argument.

Just don't try to claim that the economy is actually in a healthy boom now, if it's financed with tax cuts and massive deficits.

marcus says

TwoScoopsOfWompWomp says

A question that should have been asked 2009-2016, when we added $10T, doubling the debt, in return for a rather sluggish recovery.

That was a bizzarre deep recession, zirp environment. I knew one of you would try to make that lame argument.

@marcus interesting on how you decided to pass on this point:

MrMagic says

Out of 32 quarters.. that means 28 quarters DIDN'T hit that mark, even with an injection of $4 TRILLION of QE, ZIRP, a $787 BILLION stimulus package and adding $10 TRILLION of new debt.

It's almost as you think that never happened.....

TwoScoopsOfWompWomp says

Instead the money kinda just went to the banks and overseas.

Not altogether unlike where the tax cuts to upper income folks go now ?

Quigley says

I'm calling it now. Boom economy starts next year!

Fact Check: CORRECT!

Aaaaaaand the boom continues, as predicted.
Dow 28,000! More or less.

Shaman says

Aaaaaaand the boom continues, as predicted.
Dow 28,000! More or less.

Thanks, Obama!

Wow some of the early posts in this thread did not age well.