Showing posts with label GDP 2017. Show all posts
Showing posts with label GDP 2017. Show all posts
Thursday, December 21, 2017

GDP actually DROPPED in the report out today for 3Q2017

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Today's GDP report was the third and final estimate for 3Q2017. A month ago, current dollar GDP was estimated at $19.509 trillion....
Thursday, December 7, 2017

American business abandoned America starting in 2000, investing gargantuan sums abroad instead of here at home

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This is why we have so much income inequality in 2017. American business increased investment levels abroad by 282% since the year 20...

Sum Ting Wong: Low top marginal tax rates since 1986 have NOT delivered

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Low top marginal tax rates have NOT delivered since 1986. The average top marginal rate has been 38% for the last thirty years, 49...
Thursday, November 30, 2017

Jimmy P has it right: Tax cuts never jazzed core Trump voters the way immigration restriction and The Wall did

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Here for The Week: Remember, the U.S. is in its 101st month of a steady-if-unspectacular economic expansion. The unemployment rate is...
Wednesday, November 29, 2017

Presidents' first nine months of current dollar GDP compared, including LBJ

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Typically I present the data for JFK/LBJ as a unit because Kennedy was shot and Johnson finished his first term and then one of his own, m...

Today's second estimate of GDP for 3Q2017 doesn't give Trump much of a bump in the rankings

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Trump remains in 6th place among 11 starts since 1948.
Tuesday, November 28, 2017

It's hard to escape the conclusion that US GDP has been highly dependent on fertility

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Peak Baby Boom 1952-1957 when births per 1,000 of population averaged 25.17 (graph 1) is probably the simplest explanation for outsized GD...
Monday, November 27, 2017

If economic growth under Trump feels like it was under Bill Clinton, that's because it is: Trump so far ranks 6th best out of 11 starts

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Saturday, November 4, 2017

How to tax the rich and only the rich as originally intended in 1913, and solve a lot of problems

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In 1913 when the average Joe made about $800 a year, the first income tax under the 16th Amendment didn't worry him because he didn...
Sunday, October 22, 2017

Percentage of GDP spent by government at all levels in the US 1898-2016

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Since 1979 through 2016, outlays at all levels have doubled on average every 12.3 years, similar to the period 1898 through 1932 when th...
Saturday, October 21, 2017

Virginia's Dave Brat caves to Conservatism Inc, will vote for tax cuts without spending cuts

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Federal spending already is north of 21% of GDP, and government spending at all levels north of 36%. This is taxpayer money diverted fro...
Thursday, September 14, 2017

Now if we could just get some strong men in The White House

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Tuesday, August 29, 2017

Meanwhile, we get "broken window fallacy" nonsense from The New York Times about Hurricane Harvey

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Destroy the previous products of GDP which produced GDP of their own, and presto! More GDP! Might as well just print the stuff on ster...
Friday, August 4, 2017

If anyone's lying about GDP, it's Rush Limbaugh

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Rush Limbaugh just said Obama's never had real GDP above 1.5%, which is just silly. The man doesn't have a clue what he's talk...
Friday, July 28, 2017

Trump's first six months of current dollar GDP aren't awful, but that's about it

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Wednesday, July 19, 2017

With Bush and Obama, America has entered a new era of stupid, paying in excess of $1 for every extra dollar of GDP

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The Reagan GDP miracle is a complete myth: It was all government spending (on defense)

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And it set a horrible precedent for the dramatic overspending of George W. Bush and Barack Obama, which has sent us on a course to obliv...
Sunday, July 16, 2017

The much maligned Jimmy Carter is the hero of the post-war for paying the least for GDP

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Tuesday, July 4, 2017

Employers immediately panicked after Obama was elected, shedding jobs by the millions

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From November 2007 through October 2008, there were 19.6 million first time claims for unemployment. Not good, but nothing like what...
Monday, July 3, 2017

Rahm Emanuel just lies about economic growth in Chicago: He's presiding over decline, not growth

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Here : Cities with reliable, modern mass transit are more economically competitive, have higher productivity, fewer carbon emissions a...