I guess this board is growing to be a microcosm of the msm. Another all-time record {doubling the old record} for the Trump recovery and yet not one mention. Damn is this guy so good that the people have come to just expect record after record? And they wonder why Trump gets frustrated?
sorry just saw the post above titled "us stocks" by MM
There's been a few mentions of the GDP, both the forecast and the 1st reported estimate here. Some by me, Bear chimed in, MM, maybe some others.
That being said...
What gets me most of all is the stark contrast between this recovery and the one from 10+ years ago under the previous admin.
You can use lots of numbers to argue we were hit much harder this time, be it employment, retail, GDP, Mfg and/or others. We had one quarter of depression era numbers. ONE. This resounding rebound has never been seen in ecometrics anytime, anywhere. You can try to prove me wrong, but I would not advise it. The numbers completely back that statement. WWII did not do as well as quickly and percentage wise, the National Debt grew more during WWII.
Compare that to the most sluggish recovery in history, one that was still being refered to as a recovery five years after it's inception. One that NEVER saw an annual GDP above 3% and more typically 2%. Where the US GDP took years to reach it's previous peak. We were told this was the "New Normal". (And yet, we still have Obama fans bragging about it. )
But I suppose that's to be expected when you compare a community organizer who believes magic wands are required for this sort of thing to a businessman with decades of real world experience.
Seems that if you value the economy as a consideration, the choice is quite clear.
And lets not forget the fact that we have a president who actually deserves a Nobel Peace Prize. A president who has actually taken successful steps to lower health care costs in spite of resounding resistance. One who actually believes borders matter. Trade matters.
Seems a pretty clear choice. And yet, for some reason that escapes me, it's not.
great summary of reality Tim....1/2 of the country does not live in reality, sadly
US stocks trade higher on record US economic growth
6 responses |
Started by metmike - Oct. 29, 2020, 10:08 p.m