Shutdown Pinches Economic Growth

T

transporter

Well-Known Member
Shutdown Pinches Economic Growth

While the economic gashes aren’t enough to derail the recovery, now in its 10th year, they appear to be at least temporarily diminishing the vigor of an expansion that was already projected to slow in 2019. Output is now expected to grow at a 2.2% pace in the first quarter, less than an estimated 3.1% growth recorded in 2018, economists surveyed by The Wall Street Journal projected earlier this month. Those first-quarter estimates—down slightly from prior ones before the shutdown—will likely slip further as the shutdown continues. It enters its 24th day Monday.
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Based on the estimates that are coming out, the shutdown may shave 0.1% off of Q1 GDP for every week or every two weeks the shutdown lasts. Q1 GDP expectations are coming down...now around 2% vs 2.2%.

Now, for the chuckleheads and cultists who can't see beyond their noses....

*Q4 2017 GDP was 2.3%

*Q1 2018 GDP was 2.2%

*The tax cuts that were meant to boost the economy were passed in Dec 2017 and had a positive impact on Q2 at 4.2%. They were never going to have a long lasting effect.

*The Q2 impact was enhanced by the rush to beat the imposition of tariffs on China.

*Q3 GDP started to come back down....but was still well above trend at 3.4%.

*Q4 2018 is not expected to be above 3% as the tariffs cause more damage here and worldwide

*Q1 2019 GDP expectations are now falling back to around 2% and are forecast to be back below 2% by the end of 2019. Exactly where it was when Trump came into office.

Almost every action that Trump (or maybe more to the point Republicans) have taken to support the economy, Trump has taken an equal and more forceful opposite reaction to blunt the economy. And why is this? That is simple and has been explained many times. Trump is incompetent. Worse is that he has surrounded himself with people who are at best inept (Kevin Hassert) and at worst completely unqualified (Larry Kudlow).

So for an additional 1$1-2T of debt we got 1 to 2 quarters of above trend economic growth.

And we may go back below trend because our inept, incompetent and unfit President doesn't understand that he is supposed to govern for the entire country and not just his cult like follower.
 
GURPS

GURPS

INGSOC
PREMO Member
transporter said:
Now, for the chuckleheads and cultists who can't see beyond their noses....
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You still have NO Clue how ignorant this makes YOU look - but hey go on with your bad self
What Are YOUR Qualifications Maynard ? How Many Business Deals did YOU Make in the last 30 yrs, How Many Buildings Have YOUR name on them :shrug:



transporter said:
Trump is incompetent. Worse is that he has surrounded himself with people who are at best inept (Kevin Hassert) and at worst completely unqualified (Larry Kudlow).
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transporter said:
Every post you make is against anyone or any group that doesn't conform to your propagandist viewpoints.
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Fantasy, Supposition, Innuendo and Assumptions



transporter said:
And we may go back below trend because our inept, incompetent and unfit President doesn't understand that he is supposed to govern for the entire country and not just his cult like follower.
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Right Like Obama 'Governed' the Entire Country - keep our doctors and YOU Didn't Build That
 
Bird Dog

Bird Dog

Bird Dog
PREMO Member
If the Democrats would just compromise with a wall this would not be happening, but they are so into everything anti-Trump they have put 800,000 people out of work and shut down a good chunk of our government and gone off on vacations
 
Hijinx

Hijinx

Well-Known Member
Bird Dog said:
If the Democrats would just compromise with a wall this would not be happening, but they are so into everything anti-Trump they have put 800,000 people out of work and shut down a good chunk of our government and gone off on vacations
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Off to Puerto Rico with their owners, the lobbyists who took them there,
 
Chris0nllyn

Chris0nllyn

Well-Known Member
Bird Dog said:
If the Democrats would just compromise with a wall this would not be happening, but they are so into everything anti-Trump they have put 800,000 people out of work and shut down a good chunk of our government and gone off on vacations
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Start from about 15:00.
 
Gilligan

Gilligan

#*! boat!
PREMO Member
Grumpy

Grumpy

Well-Known Member
The Daily Caller is taking the rare step of publishing this anonymous op-ed at the request of the author, a senior official in the Trump administration whose identity is known to us and whose career would be jeopardized by its disclosure. We believe publishing this essay anonymously is the only way to deliver an important perspective to our readers.
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As one of the senior officials working without a paycheck, a few words of advice for the president’s next move at shuttered government agencies: lock the doors, sell the furniture, and cut them down.

Federal employees are starting to feel the strain of the shutdown. I am one of them. But for the sake of our nation, I hope it lasts a very long time, till the government is changed and can never return to its previous form.

The lapse in appropriations is more than a battle over a wall. It is an opportunity to strip wasteful government agencies for good.

On an average day, roughly 15 percent of the employees around me are exceptional patriots serving their country. I wish I could give competitive salaries to them and no one else. But 80 percent feel no pressure to produce results. If they don’t feel like doing what they are told, they don’t.

Rest of article here
 
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