Results 1 to 4 of 4

Thread: Consumer Confidence in Trump

  1. #1
    INGSOC GURPS's Avatar
    Member Since
    Nov 2012
    Location
    Peoples Republic Of Maryland
    Posts
    33,301

    Consumer Confidence in Trump

    The Conference Board’s Consumer Confidence Index rose to nearly a 16-year high, as did Bloomberg’s Consumer Comfort Index, both contributing to soaring retail sales. The National Association of Manufacturers Outlook Survey rocketed to a record 91.4 percent, the highest two quarter average for manufacturing optimism in the survey’s 20-year history. The Institute for Supply Management reported it’s barometer of manufacturing rose to 57.8, with over 50 indicating expansion of the manufacturing sector.

    All of this was accomplished with just the promise of pro-growth tax reform based on the Reagan model of lower marginal tax rates. (The marginal tax rate is the rate that would apply to the next dollar of income earned.) That is what determines and drives incentives to produce, increasing output and GDP.

    If Democrats want to vote against a tax reform bill that cuts taxes for all taxpayers, good luck running on that record. If Democrats think imposing the highest taxes on business of all developed countries in the world is good for American workers, voters don’t agree.

    And neither do the investors who create jobs and finance higher wages.

    But it is not all due to just the promise of pro-growth tax reform. Contributing even more to restored growth is the reality of sweeping deregulation.

    Trump has already made a lot of progress in removing Obama’s boot on the neck of American energy producers. That is why U.S. shale oil production has already soared to record levels since Trump entered office.

    America today has the resources to lead the world as the top producer worldwide of oil, natural gas and coal. Removing America from the Paris Climate Accord, the start of the demise of Obama’s so-called “Clean Power Plan,” and Trump’s ongoing dismantling of the anti-American energy regulation of Obama’s EPA has already liberated America’s energy producers to assume these world leading roles.


    How Trump Got the Economy Booming in Less Than a Year



    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

  2. #2
    Ok...so let's look at GURPs latest propaganda.

    First off many of the numbers here are out of date.

    The most recent consumer confidence number from the Consumer Board fell it did not rise: https://www.conference-board.org/dat...confidence.cfm The trajectory for this number has been rising for years. The end of the election may have had added some additional upward momentum but it did not change the trend.

    The most recent ISM manufacturing survey is at 60.8, not 57.8. It has been expanding for 13 months. It began to turn around when oil prices starting rising again. https://www.conference-board.org/dat...confidence.cfm

    Retail sales are also maintaining the same trajectory that they have been on since late 2009: https://fred.stlouisfed.org/series/RRSFS Retail sales fell in Aug. Auto sales are below the peak of last year, yesterday's pre-existing home sales fell. (none of these are disturbing at current. The point is very simple: Trump has done nothing to impact the economy.)

    GURPS' propaganda also says this:

    Early into his administration, Trump’s policies are already restoring growth. Real GDP grew 3.1 percent in the last quarter, up more than 50 percent from the average for the eight years that Obama was president.
    I guess he didn't copy and past that part because I've already shown on here numerous times what a classic example of cherry picking this is. (HEY! Maybe Gilligan can use his graduate level knowledge of statistics here! Oh...right...he failed that class!) Here is the most recent GDP report: https://www.bea.gov/newsreleases/nat...ewsrelease.htm

    Here is the picture of the recent quarterly GDP history: https://www.bea.gov/newsreleases/nat..._3rd_chart.png

    GDP will be released in about 20 minutes. Expectations are all over the place due to the impact of the hurricanes. Low estimates are around 1.5%. High estimates are around 3%. The hurricanes should depress growth now and increase growth over the next two quarters. Here again the point is the President has done nothing to impact overall GDP.

    GURPS forgot to post this as well:

    In Trump’s first six months in office, more than a million new jobs were created, driving unemployment down to a 16-year low.
    The problem with this is that employment growth is the lowest since 2012. This was to be expected. The economy has been adding jobs for over 8 years. Employment growth has to slow at some point. Again Trump has nothing to do with this. (BTW...anyone of you bother to notice how Trump and people like GURPS now wrap their loving arms around the unemployment rate? 12 months ago it was "fake news"!)

    Oh...almost forgot...shale oil is not coming back because of Trump. Shale oil drilling is coming back because the price of a barrel of oil has risen from the high $20s to the high $40s/low $50s. Oil is now profitable to drill from tight formations. Trump has done nothing to impact the price of oil.

    The economy is doing fine. The economy has been doing fine. Trump has done nothing to impact the trajectory that the economy already was on. A president rarely has any impact on the economy. Obama had a great opportunity because we were in the midst of the worst recession most of us had ever experienced. Reagan has a great opportunity because Volker began cutting interest rates from all time highs. Bush Sr didn't do much...Clinton didn't do much...Bush W just blew his opportunity.

    This stuff is not that hard to understand. You can be an informed voter by simply going to the websites and looking at the info. Or you can be ignorant and believe the crap that GURPS and those like him post.

  3. #3
    Quote Originally Posted by transporter View Post
    (HEY! Maybe Gilligan can use his graduate level knowledge of statistics here! Oh...right...he failed that class!) .
    Passed the courses with flying colors. Use the knowledge gained all the time in my business too.

    Thanks for lying, though!
    You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer. -Frank Zappa

  4. #4
    INGSOC GURPS's Avatar
    Member Since
    Nov 2012
    Location
    Peoples Republic Of Maryland
    Posts
    33,301
    Quote Originally Posted by transporter View Post
    Ok...so let's look at GURPs latest propaganda.

    you are such a predictable miserable individual

    GURPS forgot to post this as well:

    I did NOT FORGET TO POST S H I T ... your was NOT part of MY Article

    Hook ... Line ... And Sinker
    you are fish in a barrel Toe Jam


    wtf can't you understand about Consumer Confidence


    The Conference Board’s Consumer Confidence Index rose to nearly a 16-year high, as did Bloomberg’s Consumer Comfort Index, both contributing to soaring retail sales. The National Association of Manufacturers Outlook Survey rocketed to a record 91.4 percent, the highest two quarter average for manufacturing optimism in the survey’s 20-year history. The Institute for Supply Management reported it’s barometer of manufacturing rose to 57.8, with over 50 indicating expansion of the manufacturing sector.
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

Members who have read this thread: 18

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Search:     Advanced Search
Search HELP

| Home | Help | Contact Us | About somd.com | Privacy | Advertising | Sponsors | Newsletter |

| What's New | What's Cool | Top Rated | Add A Link | Mod a Link |

| Announcements | Bookstore | Cafe | Calendar | Classifieds | Community |
| Culture | Dating | Dining | Education | Employment | Entertainment |
| Forums | Free E-Mail | Games | Gear! | Government | Guestbook | Health | Marketplace | Mortgage | News |
| Organizations | Photos | Real Estate | Relocation | Sports | Survey | Travel | Wiki | Weather | Worship |