OOTIKOF / KATZENJAMMER


The OOTIKOF, an internationally renowned society of flamers since 1998, invites you to join in the fun.
Clicking on Casual Banter will get you to all the sections.
 
HomeHome  PortalPortal  Latest imagesLatest images  RegisterRegister  Log in  

 

  Trump Promised Annual Growth Of More Than 4%.

Go down 
3 posters
AuthorMessage
Temple
Regular Member
Temple


Posts : 7317
Join date : 2014-07-29

 Trump Promised Annual Growth Of More Than 4%. Empty
PostSubject: Trump Promised Annual Growth Of More Than 4%.    Trump Promised Annual Growth Of More Than 4%. EmptyFri Feb 21, 2020 12:46 am

Trump advisers admit economy isn't growing nearly as much as he promised

Trump promised annual growth of more than 4%. His Council of Economic Advisers just predicted this year won't even reach 2.5%.

Trump's 2016 campaign website said he would "[b]oost growth to 3.5 percent per year on average, with the potential to reach a 4 percent growth rate."

He told Fox News in March 2016, that economic growth of "4% or 5%" was "absolutely doable."

That October, in the final general election debate, Trump's promises got even grander. "[W]e're bringing GDP from, really, 1 percent, which is what it is now," he said, "up to 4 percent. And I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent."

As he signed his tax bill in December 2017, cutting taxes for the very rich and large corporations, Trump told the nation the changes would fuel growth that would rise "3%" to "4, 5, and maybe even 6% ultimately."

Trump's economy has not come close to living up to those promises. The Bureau of Economic Analysis announced last month that in the third and fourth quarters of 2019, the economy slowed to just 2.1% growth. The nation's gross domestic product grew 2.3% for the year, compared to 2.9% in 2018.

In September 2018, Trump invented a phony quote from President Barack Obama, falsely claiming his predecessor once said he would never achieve 4.2% growth and boasting that he would do even better.

"'President Trump would need a magic wand to get to 4% GDP,' stated President Obama. I guess I have a magic wand," Trump tweeted. "4.2%, and we will do MUCH better than this! We have just begun."

In reality, Obama's 2016 comment had been about manufacturing jobs, not GDP growth. During his two terms in office, Obama achieved quarterly growth of at least 4.2% on three separate occasions.

In no year of Trump's administration has the economy hit even 3% annual growth.
Back to top Go down
The Wise And Powerful
Admin
Admin
The Wise And Powerful


Posts : 111040
Join date : 2014-07-29
Age : 101
Location : A Mile High

 Trump Promised Annual Growth Of More Than 4%. Empty
PostSubject: Re: Trump Promised Annual Growth Of More Than 4%.    Trump Promised Annual Growth Of More Than 4%. EmptyFri Feb 21, 2020 4:30 am

I'm sure you've kept every promise you ever made.

Does your wife know about that fling with your office gal, by the way??

https://www.whitehouse.gov/briefings-statements/economic-growth-reached-3-percent-first-time-decade-thanks-president-donald-j-trumps-policies/
Back to top Go down
https://ootikof.forumotion.com
louie

louie


Posts : 429
Join date : 2018-12-29

 Trump Promised Annual Growth Of More Than 4%. Empty
PostSubject: Re: Trump Promised Annual Growth Of More Than 4%.    Trump Promised Annual Growth Of More Than 4%. EmptyFri Feb 21, 2020 7:14 am

Yup the economy stinks and there are no jobs.
~sadly shakes head
Back to top Go down
The Wise And Powerful
Admin
Admin
The Wise And Powerful


Posts : 111040
Join date : 2014-07-29
Age : 101
Location : A Mile High

 Trump Promised Annual Growth Of More Than 4%. Empty
PostSubject: Re: Trump Promised Annual Growth Of More Than 4%.    Trump Promised Annual Growth Of More Than 4%. EmptyFri Feb 21, 2020 10:37 pm

Back to top Go down
https://ootikof.forumotion.com
Temple
Regular Member
Temple


Posts : 7317
Join date : 2014-07-29

 Trump Promised Annual Growth Of More Than 4%. Empty
PostSubject: Re: Trump Promised Annual Growth Of More Than 4%.    Trump Promised Annual Growth Of More Than 4%. EmptyFri Feb 21, 2020 11:56 pm

BACK ATCHA !

Back to top Go down
Sponsored content





 Trump Promised Annual Growth Of More Than 4%. Empty
PostSubject: Re: Trump Promised Annual Growth Of More Than 4%.    Trump Promised Annual Growth Of More Than 4%. Empty

Back to top Go down
 
Trump Promised Annual Growth Of More Than 4%.
Back to top 
Page 1 of 1
 Similar topics
-
» ' Forbes; Job Growth Has Slowed Considerably Since Trump Took Over as President.
» Job Creation Slowed Under Trump Lowest Growth In 8 Years
» WI. Foxconn LCD Plant That was Promised Never Materialized.
» Biden Promised to Revisit Presidential Immunity. He Hasn't.
» Trump- Get Vaccinated-- Then You Won't Die

Permissions in this forum:You cannot reply to topics in this forum
OOTIKOF / KATZENJAMMER :: Casual Banter :: Politics, Religion, Legal Issues, and Breaking News-
Jump to: