If these numbers are correct

[SHRED]

Sure puts a perspective on this.

Link to tweet

?s=19

[dalton99a]

1. Spread the word.

[olegramps]

8. The massive tax cuts for corporations is the major factor.

They are sitting on massive amounts of capital and spent a portion of improvements. This coupled with money in the workers pocket has spurred the economy. However, the l0ss of revenue and the burgeoning tax deficits will balanced by the cut backs in every one of the safety programs to assist the working class. It will enable them to make cuts to Social Security, Medicare and Medicaid. Forget those needed improvements for the infrastructure that is collapsing. It will be old times again. But, not those of the 40 years during the post Second World War, but those of the Robber Baron years that preceded the Great Depression. Your kids and grand kids are going to pay dearly for this brief spurt in the economy.

[Sanity Claws]

2. Businesses spent to lay in supplies before tariffs took effect

To be followed by much slower growth or even shrinkage in next quarter.

[tonyt53]

3. BINGO!!!!!

[dalton99a]

4. Exactly

[mtngirl47]

12. and they quick shipped a lot of products before the tariffs took effect n/t

[duforsure]

5. He wants to take credit for it now,

Which in a distorted way is true. People and business knowing the tariffs from crazy stupid trump would increase prices bought ahead of them , and it wasn't from economic changes other than his tariffs moving people to buy , not his economic changes. If you believe him I got a bridge to sell you. I will be changing the other way soon , then he'll claim something else was the cause. He always is good at excuses.

[yallerdawg]

6. Some pundits have been touting...

the last 4 quarter's average GDP as the big number we should look at.

Obama had 4 quarters in a row that beat that, too.

Why real presidents talk softly around economic and financial indicator numbers. Lagging in particular.

[SunSeeker]

7. Those numbers are indeed correct.

https://tradingeconomics.com/united-states/gdp-growth

[Bernardo de La Paz]

10. Until they are revised. About a quarter later.

Q2 was a bumpy quarter due to cramming soybean exports and metals imports in under the wire before tariffs hit.

[SunSeeker]

11. No, I'm meant the Obama numbers are correct! nt

[Bernardo de La Paz]

13. Yes, they are solid & have been carefully revised & vetted on regular schedule back then. . . . nt

[SunSeeker]

17. Exactly. nt

[erpowers]

9. Wish The Media Mentioned This More

I wish the media would point this out more. They rarely point out that this is not the first time GDP has reached this level in the last 10 years. Often they act as if it has been decades since something like this has happened. Every time it is reported that GDP has hit 4.1% under Donald Trump it should be pointed out that the same thing and better happened when President Obama was in office.

[George II]

14. The boom continues, it didn't just start.

I had some clown on another forum try to convince people that growth never exceeded 3% in any quarter of Obama's Presidency. When that was proven false with REAL numbers she just walked away from the discussion.

[TheBlackAdder]

15. Come on, it was the best since Obama! Oh, wait!

.

It's only been Trump since Obama!



UPDATE:

Ah, my son said that the Twitter image is a Trump trolling image, and that it was a troll post against Trump.

As in, Yeah, the best #'s since Obama was in office.

.

[lark]

16. File this under things I doubt we see on tv.

I watched MSNBC for a few minutes this am and they were touting the 4.1% and saying it was the biggest since 2014. Not once did they mention that this happened 4 times under Obama. Grr.

[bluedigger]

18. By definition, everything is the best since Obama.

Get back to me when things get better.