U.S. GDP Rose 0.7% in First Quarter, weakest quarter in 3 years
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Author Topic: U.S. GDP Rose 0.7% in First Quarter, weakest quarter in 3 years  (Read 756 times)
ajc0918
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« on: April 28, 2017, 07:44:45 AM »
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https://www.wsj.com/articles/u-s-gdp-rose-0-7-in-first-quarter-1493382900
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Gass3268
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« Reply #1 on: April 28, 2017, 07:45:19 AM »
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Harry
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« Reply #2 on: April 28, 2017, 08:01:22 AM »
His supporters will say this is fake news, just like they didn't believe good economic reports under Obama
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Adam Griffin
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« Reply #3 on: April 28, 2017, 08:13:10 AM »
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Tender Branson
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« Reply #4 on: April 28, 2017, 08:14:00 AM »
It's still up by 1.9% though when Q1, 2017 is compared with Q1, 2016.

So, not all that bad - considering the year 2016 saw 1.6% GDP growth.
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Bismarck
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« Reply #5 on: April 28, 2017, 08:44:50 AM »
Quote from: Tender Branson on April 28, 2017, 08:14:00 AM
It's still up by 1.9% though when Q1, 2017 is compared with Q1, 2016.

So, not all that bad - considering the year 2016 saw 1.6% GDP growth.
This is what the article would say if we had a democrat president.
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Gass3268
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« Reply #6 on: April 28, 2017, 08:53:55 AM »
Quote from: St. Alphonso on April 28, 2017, 08:44:50 AM
Quote from: Tender Branson on April 28, 2017, 08:14:00 AM
It's still up by 1.9% though when Q1, 2017 is compared with Q1, 2016.

So, not all that bad - considering the year 2016 saw 1.6% GDP growth.
This is what the article would say if we had a democrat president.

That Wall Street Journal? Huh
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Sprouts Farmers Market ✘
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« Reply #7 on: April 28, 2017, 09:00:03 AM »
lol at caring about first quarter GDP. What a shocker that it failed to top fourth quarter growth Roll Eyes
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http://www.marketwatch.com/story/us-economy-posts-slowest-growth-in-three-years-first-quarter-gdp-shows-2017-04-28

Now, that's what I call winningTM
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Devout Centrist
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« Reply #8 on: April 28, 2017, 10:18:02 AM »
Things are slowing down faster than expected. If next quarter shows the same result, we're probably on the path to a recession in 2018 or so.
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Angrie
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« Reply #9 on: April 28, 2017, 10:50:36 AM »
Quote from: Devout Centrist on April 28, 2017, 10:18:02 AM
Things are slowing down faster than expected. If next quarter shows the same result, we're probably on the path to a recession in 2018 or so.

And if that is the case, it adds to signs of large Democratic gains in 2018. If seats like GA-06 are already seemingly competitive, there seems to be a possibility of a very large wave indeed if you add a recession into the mix.
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JA
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« Reply #10 on: April 28, 2017, 11:27:29 AM »
To be fair, this isn't entirely "Trump's economy" quite yet, nor is this necessarily an indication of growth in the next 3 quarters of this year. Nevertheless, it is quite weak growth and the labor participation rate is still pretty awful.
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Technocracy Timmy
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« Reply #11 on: April 28, 2017, 11:30:44 AM »
« Edited: April 28, 2017, 12:21:08 PM by Technocratic Timmy »
This is actually not good for Democrats for 2020 if this in fact becomes a business cycle recession for two reasons. 1. The GOP can blame Obama for it. 2. It'll definitely rebound by 2020.

Although Dems will likely make gains in 2018 so I guess they get short run success?
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I Won - Get Over It
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« Reply #12 on: April 28, 2017, 02:37:08 PM »
Thanks, Obama!
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