Pages

Wednesday, May 24, 2017

Obama budgets projected 5% to 6% growth...

In 2011 Obama's proposed budget included the following projections for GDP growth
  • 2012 16,203
  • 2013 17,182 = 6%
  • 2014 18,139 = 5.6%
  • 2015 19,190 = 5.8%
  • 2016 20,163 = 5%
Those numbers were later revised to:
  • FY 2012 15,602
  • FY 2013 16,335 = 4.7%
  • FY 2014 17,156 = 5%
  • FY 2015 18,178 = 6%
  • FY 2016 19,261 = 6%

Meanwhile the left is going crazy with exasperation over the fact that Trump's budget is projecting GDP growth of 3%... with some liberal critics demanding such projections of growth to be insane and the equivalent of "putting your fingers in your ears and yelling "na na na."

Apparently if Obama couldn't reach his growth goals by promoting damaging economic regulations, raising taxes, taking over the healthcare insurance industry, and deficit spending to the tune of a few trillion dollars... then the concept of a Trump economy achieving approximately half of that same projected growth would seem sacrilegious.

Or more to the point... the left cannot possibly fathom a world where Trump economic policies might actually exceed Obama economic policies.

48 comments:

KD said...

I looked up that same data, Demstream had to protect their BOY.


I did see this report, I personally think it is too rosy, but, Trump is Right, 3 percent per year, very doable.

GDPNow - Federal Reserve Bank of Atlanta reports they see growth of over 4 % for the current quarter.

KD said...

Erasing the Lost Years said...
Here is the complete list of average annual real GDP growth by postwar president (in descending order):

Johnson (1964-68), 5.3%
Kennedy (1961-63), 4.3%
Clinton (1993-2000), 3.9%
Reagan (1981-88), 3.5%
Carter (1977-80), 3.3%
Eisenhower (1953-60), 3.0%
(Post-WWII average: 2.9%)
Nixon (1969-74), 2.8%
Ford (1975-76), 2.6%
G. H. W. Bush (1989-92), 2.3%
G. W. Bush (2001-08), 2.1%
Truman (1946-52), 1.7%
Obama (2009-15), 1.5%


So over the next 8 years all Trump has to do is beat the lost years record of 1.5 % average.

Well, that is done and done.


The lost years according to Travis Smiley, a PBS flaiming liberal and black man, said that by every economic measurement blacks lost ground.

The very forgettable Lost Years.

Commonsense said...

The California nightmare is coming.

California's looming single-payer disaster

Progressives advocating single-payer health care need to face financial reality.

Vermont had to abandon its attempts to impose a single-payer health-care system when its greatest champion, Gov. Peter Shumlin, discovered that it would cost far more than he had anticipated. Similarly, last year Colorado voters resoundingly rejected ColoradoCare when a study discovered that even tripling taxes wouldn't be enough to keep up with the costs.

Now it's California's turn.

The Golden State's legislature has plowed ahead with a plan to impose single-payer care. But a new analysis from the state Senate on SB562 shows that the annual costs of such a system would exceed the state's current annual budget — even if federal funding continued at the same pace. "California would have to find an additional $200 billion per year, including in new tax revenues, to create a so-called 'single-payer' system," the Sacramento Bee reported after the publication of a report by the Senate Appropriations committee. Even that estimate assumes the state would retain the existing $200 billion in local, state, and federal funding it currently receives to offset half of a $400 billion total price tag.

$400 billion a year. That's 223 percent of California's total annual expenditures in an already bloated budget.

Let's put it another way: California could build four high-speed rail systems between San Francisco and Los Angeles every year for the same amount of money. (Assuming, of course, that the state ever manages to build the one in progress now, which is also being funded in large part by people who live outside of California.)


And it's just not for working California citizens. It's free healthcare for every freeloader in the entire world both legal and illegal.

KD, said...

CS, the Feckless Five of CHT, (Jane, Alky, WP, oDopie and NotsoIndy)

Will blame your link story to the fact that Trump is President.

Not that ObamaCare had no real funding source like SS and Mediwhatever does.



About Trump, the DemstreamMedia has had a very bad 5 days with President Trump being reported on by the world press, no filter, little bias,,,,, With the Feckless Five Hating on President Trump every day since Nov 9th, 2016, telling us voters we fucked up and where hoodwinked, does this mean that all of those World Leaders that have said nice to glowing things about our President, are they all stupid and fooled too?

rrb said...

$400 billion a year. That's 223 percent of California's total annual expenditures in an already bloated budget.
_____________________________________________________________________________________________________________________________________

but well worth it when the actual goal is to purchase the votes required to maintain that awesome democrat super-majority.

KD said...

After the Lost Years and the feckless lack of leadership on all issues facing the USA, now the Demstream Press thinks that 3 % GDP is impossible.

The Unemployment rate has been dropping, people are getting paying jobs and off of welfare, seems natural to drop the money flowing into the food stamp program.

Hell, I saw a wonderful story about the beaners , forgoing their food stamps because they don't want to be ID by ICE.

Remember the Lies, Liberals state that no one that is an illegal gets food stamps or free housing or Obamacare, what a line of crap.

The budget will kill, literally , kill people, right, 4 Trillion Dollars being spent is not enough for the Establishment of both parties.




Loretta Russo said...

"Michelle Goes Full-Ghetto In Middle Of Holy Catholic Cathedral With FOUL Thing She Did

For the past 8 years, Michelle Obama strutted around like a queen, doing very little work as the First Lady other than running her big fat anti-American mouth. While we're thankful this piece of work has finally left our White House after making a mockery of our country, what Michelle was caught doing inside a ancient church on Tuesday proves once again just how classless this woman is, who obviously holds herself above all the rules, even in the places of worship that most people revere as the sacred and holy place of God."

http://freedomdaily.com/michelle-goes-full-ghetto-middle-holy-catholic-cathedral-foul-thing/

rrb said...

The budget will kill, literally , kill people
______________________________________________________________________________________________________________________________________


that never ends up happening, but ISIS on the other hand, they kill with purpose and regularity.

james said...

Nate Silver: “There’s been a considerable decline in the number of Americans who strongly approve of Trump, from a peak of around 30 percent in February to just 21 or 22 percent of the electorate now. (The decline in Trump’s strong approval ratings is larger than the overall decline in his approval ratings, in fact.) Far from having unconditional love from his base, Trump has already lost almost a third of his strong support.

“And voters who strongly disapprove of Trump outnumber those who strongly approve of him by about a 2-to-1 ratio, which could presage an ‘enthusiasm gap’ that works against Trump at the midterms. The data suggests, in particular, that the GOP’s initial attempt (and failure) in March to pass its unpopular health care bill may have cost Trump with his core supporters.”

james said...

Most Think Trump Is Abusing His Office

A new Quinnipiac poll finds American voters believe that President Trump is abusing the powers of his office by a 54% to 43% margin.
He also has a dismal 37% to 55% approval rating.
Meanwhile, voter opinions of most of Trump’s personal qualities remain negative:

59% say he is not honest;
57% say he does not have good leadership skills;
56% say he does not care about average Americans;
65% say that he is not level-headed;
64% say that he is a strong person;
62% say that he does not share their values.

Commonsense said...

Those who refuse to learn from history......

Loretta Russo said...

Spam by the pedo

Loretta Russo said...

Spam by the pedo

Roger Amick said...

CBO = DOA
The New National Holiday: May 24 each year we will celebrate it.
No More Republicans

23,000,000 Lose insurance.
Trump campaign promise: "No one will be left without health insurance"

The deference between 26,000,000 costs 3,200,000,000
Trickle down is a ghost show as we all know.
$3,200,000,000 Goes to the top 1%
Food for Children: Gone
Cutting Medicare drastically.

The Russians Steal the Election
WASHINGTON — American spies collected information last summer revealing that senior Russian intelligence and political officials were discussing how to exert influence over Donald J. Trump through his advisers, according to three current and former American officials familiar with the intelligence.

The conversations focused on Paul Manafort, the Trump campaign chairman at the time, and Michael T. Flynn, a retired general who was advising Mr. Trump, the officials said. Both men had indirect ties to Russian officials, who appeared confident that each could be used to help shape Mr. Trump’s opinions on Russia.

Some Russians boasted about how well they knew Mr. Flynn. Others discussed leveraging their ties to Viktor F. Yanukovych, the deposed president of Ukraine living in exile in Russia, who at one time had worked closely with Mr. Manafort.

The intelligence was among the clues — which also included information about direct communications between Mr. Trump’s advisers and Russian officials — that American officials received last year as they began investigating Russian attempts to disrupt the election and whether any of Mr. Trump’s associates were assisting Moscow in the effort. Details of the conversations, some of which have not been previously reported, add to an increasing understanding of the alarm inside the American government last year about the Russian disruption campaign.

This is a holiday.

Roger Amick said...

CBO: GOP Health Care Plan Would Leave 23 Million Uninsured ,

The Republican health care plan that passed the House earlier this month would leave 23 million more Americans without health insurance over the next decade than the current law and would reduce the deficit by $119 billion, according to an analysis released by the Congressional Budget Office on Wednesday.

The findings are similar to a CBO score of an earlier version of the bill spiked by Republican leaders earlier this year due to lack of support.

Loretta Russo said...

Spam by the drunkard

Loretta Russo said...

Spam by the drunkard

caliphate4vr said...

Didn't the CBO predict 23 million would be in the exchanges this year, unlike the 11 million that actually might be?

Roger Amick said...

A Reporter Assaulted by the Republican candidate for congress in Montana.

Law enforcement is responding at this hour to a building on Discovery Drive south of Bozeman, where a national political reporter alleged that he had been assaulted.

The reporter, Ben Jacobs of The Guardian, claimed on Twitter that he was assaulted by Republican U.S. House candidate Greg Gianforte.

“Greg Gianforte just body slammed me and broke my glasses,” Jacobs tweeted.

Jacobs was being evaluated in an ambulance at the scene. Gianforte was seen sitting in a vehicle nearby and had been speaking with Gallatin County deputies earlier.

Gianforte left the scene shortly before 6 p.m. without speaking to reporters.

The Hyalite Fire department told the Chronicle that one person was taken from the scene to Bozeman Health Deaconess Hospital.

Gallatin County Sheriff Brian Gootkin said his office will release a statement as quickly as possible.

Alexis Levinson, a reporter for Buzzfeed News, told MSNBC that he had given a statement to the sheriff’s office. In tweets and on air, she said she saw Jacobs go into a room where Gianforte was.

“I heard the crash and saw his feet fly,” she told MSNBC live on the air.


This is the Republican Party of Trump.

Roger Amick said...

The CBO reports that the insurance for pre existing conditions, that must go on the open market, will pay a 800% increased insurance. IOW, Hurry up and Die

caliphate4vr said...

Oh look liver I can put it in bold as well

Didn't the CBO predict 23 million would be in the exchanges this year, unlike the 11 million that actually might be?

Roger Amick said...

Most of the people told to "go ahead and die" voted for Trump. Even better, the ACA, "ObamaCare" has 54% support, while the President enjoys 38% approval.

More influence by the Russians

https://www.washingtonpost.com/world/national-security/how-a-dubious-russian-document-influenced-the-fbis-handling-of-the-clinton-probe/2017/05/24/f375c07c-3a95-11e7-9e48-c4f199710b69_story.html?hpid=hp_hp-top-table-main_fbi-340pm%3Ahomepage%2Fstory&utm_term=.d42ff5741c3f

rrb said...

Didn't the CBO predict 23 million would be in the exchanges this year, unlike the 11 million that actually might be?
_____________________________________________________________________________________________________________________________________


there's no faster way to stop an alky-lanche of copy/paste's than to hit cirrhosis boy with the FACTS.

good job cali.

Roger Amick said...

Trump's Attorney has ties to the Russians too

(CNN)The prominent New York lawyer expected to represent President Donald Trump in the widening Russia probes has professional connections of his own to Moscow, which could create yet another public-relations problem for the White House.
Marc Kasowitz, who has been Trump's go-to lawyer for years on both personal and business matters, is defending a Russian bank, OJSC Sberbank, in an ongoing lawsuit in US court. He also represents a company controlled by a Russian billionaire, Oleg Deripaska, who has close ties to the Kremlin.

Kasowitz' clients with Russian ties may not pose any legal conflicts of interests as he prepares to help Trump navigate an investigation that the president calls "a witch hunt." But the optics of the situation -- a lawyer with Russian-linked clients representing a president, whose campaign is being investigated for alleged collusion with Russia -- could make a messy situation for Trump even messier.

http://www.cnn.com/2017/05/24/politics/trump-attorney-kasowitz/index.html

Roger Amick said...

Trey Gowdy is such a partisan hack he chose party over country.

Here's a guy who was so intent on getting John Brennan to say "there was no collusion" between the Trump camp and the Russians. But Brennan, the professional adult in the room didn't take the bait. Gowdy's only mission on the committee is to simply say over and over "don't look over there at Trump. Look over here at the leakers." Here's a guy who spent millions of taxpayers dollars with COUNTLESS Benghazi hearings for nothing more than to demonize Hillary; knowing all along people have been killed at embassies all over the world under various Presidents. And with each Benghazi hearing Gowdy once again came up empty handed because the adults in the room prevailed. Gowdy doesn't care that our democratic process was hacked by the Russians.

His only mission is to save a sinking ship in troubled waters. I'm afraid this time he's going overboard in this sinking ship. I don't know about you guys, but I'm grateful for the leakers. No the leakers were not Obama carry overs. They are career civil servants who put their lives on the lines for us every day in every country. They've been employed by the government thru SEVERAL administrations. So simply labeling them as "Obama carry overs" is a cop out. Gowdy, when Trump started out the gate demonizing the FBI, CIA And others in the Intel Community, WHAT DID YOU THINK WOULD HAPPEN? How do you think Woodward and Bernstein got to the bottom of Watergate? Where are the real patriots? They are in the Democratic party. Traitors who love Russia come here to cheer Putin.

Roger Amick said...

DOJ:

Sessions did not disclose meetings with Russian officials on Security clearance form.

He should be fired at the least, and possibly for fraud or lying under oath.

Loretta Russo said...

Spam by the drunkard

Loretta Russo said...

Spam by the drunkard

Loretta Russo said...

Spam by the drunkard

Loretta Russo said...

Spam by the drunkard

Loretta Russo said...

Spam by the drunkard

wphamilton said...

So the White House and Justice are refusing to turn documents over to the Congressional inquiries. Comey records and a few other things. Flynn pleading the fifth already. The Attorney General's contacts with the Russians are not being questioned. The Ruble-laundering bank asked for documents relating to Trump loans. It looks like things are starting to heat up.

Roger Amick said...

wp, If this keeps going on, a crisis a day, cased by the President, his decisions, and things by his staff. Sessions did not reveal his contact with the Russians before they made him the head of the DOJ.

Roger Amick said...

I'm sorry to tell you this Loretta. May 25th is my fifth birthday. I get my five year chip at a party on Saturday.

KD, Back on topic said...

Not one of the Feckless Five of CHT dare to discuss the topic of this thread.

Obama promised high GDP every year, what he delivered was the worst GDP of any modern day President, ever.

KD, Federal Reserve dumping debt from Obama Lost Years said...

Atlanta Federal Reserve predicts that the current quarter will be reported at 4.1 % growth in National GDP.

I think that is a bit too rosy, however, it would be sweet if it comes in at 3 % for the quarter.

Federal Reserve is starting to dump debt off it's books and into the US Economy, Madam grenade thrower is not about to let the US Voters that voted Trump for economic improvement reasons have a easy go of it, she is part of the "Voter Nullification" leftist.

Along with dumping Debt into the market she is sure to continue to raise Fed lending rates, cost the Economy ever more and slowing all advances the best she can.

rrb said...

It looks like things are starting to heat up.
_________________________________________________________________________________________________________________________________________

indeed.

but for all the histrionics and hyperventilating, the only thing missing is one thing -

actual evidence of collusion.

i've lost track of exactly how long this investigation without end has been going on, but one thing is starting to become clear - the longer this investigation DOES go on without producing any actual evidence of collusion increases the likelihood of the desired evidence being fabricated by trump's enemies. at this point they really have no choice. to expend this amount of time, resources and energy, only to discover nothing and wind up with several dozen eggs on their faces cannot be allowed to happen.



rrb said...

But the optics of the situation -- a lawyer with Russian-linked clients representing a president, whose campaign is being investigated for alleged collusion with Russia -- could make a messy situation for Trump even messier.
_______________________________________________________________________________________________________________________________________


so what you're saying is that you assholes have been reduced to pinning your impeachment hopes on "optics," not real evidence.

ok, alky. whatever you say.

KD, said...

A review of the US Economy Finds that the consumer is willing and becoming more able thru job security to enjoy more of life that having money brings.

Simple idea, earn more money, take more home , enjoy life more.

OR

Wait on Uncle Barrack to pay your way, ask Travis Smiley of PBS how that ideal has hurt the blacks that voted for two terms of Lost Years .

Loretta Russo said...

Big deal.

rrb said...

Blogger Loretta Russo said...
Big deal.
_____________________________________________________________________________________________________________________________________

hey, when your life is a smoldering pile of self inflicted, shit-encrusted rubble, especially at a relatively young age by today's standards of life expectancy, a 5 year participation trophy that celebrates a personal failure from the "drunks r us" brigade is just about the biggest deal a loser like the alky can hope for.

hopefully he'll have a party typical for a five year old, with pony rides, a bounce house, a clown, and cake and ice cream.

Commonsense said...

We Are Watching A Slow-Motion Coup D’etat

It’s nearly incontrovertible that a slow-motion coup d’etat is now taking place. Since November 9, 2016, forces within the U.S. government, media, and partisan opposition have aligned to overthrow the Electoral College winner, Donald Trump.

To achieve this they have undermined the institutions of the Fourth Estate, the bureaucratic apparatus of the U.S. government, and the very nature of a contentious yet affable two-party political system. Unlike the coup d’etat that sees a military or popular figure lead a minority resistance or majority force into power over the legitimate government, this coup d’etat is leaderless and exposes some of the deepest fissures in our system of government. This coup d’etat represents not the rule of one man or even many, but by the multitude of our elites.


And Roger is a willing useful fool in that coup.

rrb said...



hoo boy, the ny times has released another devastating bombshell... this one sure to be the final nail in the trump impeachment coffin:

Top Russian Officials Discussed How to Influence Trump Aides Last Summer

https://www.nytimes.com/2017/05/24/us/politics/russia-trump-manafort-flynn.html?emc=edit_na_20170524&nl=breaking-news&nlid=56066587&ref=cta&_r=1


oops. hold on. stop the presses and jump to paragraph numero cinco...

"The information collected last summer was considered credible enough for intelligence agencies to pass to the F.B.I., which during that period opened a counterintelligence investigation that is continuing. It is unclear, however, whether Russian officials actually tried to directly influence Mr. Manafort and Mr. Flynn. Both have denied any collusion with the Russian government on the campaign to disrupt the election."



goddamn it. i thought we really had him this time.

oh well.

Commonsense said...

As for comparisons to "1984" it's not exactly what the left thinks.

Shortly after the inauguration of Donald Trump as the 45th president of the United States, a sort of “meme” appeared among activists on the political left comparing the status of the United States to that of George Orwell’s “1984.” “Think pieces” from The New Yorker, CNN, The Atlantic, and Salon drew comparisons between President Trump and the brutally authoritarian future Orwell envisioned. In April of this year, screenings of the film version of Orwell’s dystopian novel were hosted around the world. “1984” surged up Amazon’s bestseller list. The tragedy of this exercise was that the comparison was very apt, but for different reasons.

The villain of “1984” isn’t a “man” but an entity — a bureaucracy with an authoritarian impulse. Big Brother isn’t so much a man or a leader but a symbol of the omnipotent reach of the bureaucratic state that dominated the dystopian future. The fear of an elected leader turning into a tyrant — as the political Left and some on the political Right feared in Trump — doesn’t play into the narrative of the novel. Rather, it is the fear of a nearly faceless administrative state; a state that has achieved a near totality in terms of tyranny.


If the left succeeds, we will have that dystopian future envisioned by George Orwell.

opie said...

I see, the right is in pure panic mode. Loretta spamming the pedo seems to be her only mission, pauline learned to highlight and menstral boy challenges logic by citing the federalist, rat hole thinks millions more uninsured will save him money. Dayum this is fun to watch. BTW. Gianforte will probably win in spite of him being charged for assaulting a reporter. Sure says a lot about the rampant stupidity of the right and its defenders here.

opie said...

The actual costs for trump care... achieved another 39 million of savings while adding 1 million fewer to the uninsured rolls. Brilliant move

Senate Republicans have all the evidence they need to reject the health-care overhaul
The $119 billion in savings would result mostly because fewer people would be covered and because the new legislation would loosen requirements. For some Senate Republicans, those facts may be all they need to bury the House version of a health-care overhaul once and for all.

But all the trump sycophants will declare victory and take jog around the CH site. LOL

Commonsense said...

1 million fewer to the uninsured rolls. Brilliant move

No liberal supporter of Obamacare ever explained why spending $9,600 a year in premiums and over $17,000 out of pocket before one dollar of benefits are paid is such a good deal.

If I'd had a choice I would be uninsured too.

So would any rational person.

opie said...

The Cultist said...

If I'd had a choice I would be uninsured too.

Call someone who gives a shit. Your in your 50's, I'd figure you would have learned you are not invincible anymore. But good, don't and make sure you don't get sick. LOL