US likely at 4% GDP growth in third quarter and see highest wage growth in nine years

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The US economy has had strong economic measures.

3.9 million more people are employed in the last 19 months
GDP was 4.2% in the second quarter
The Atlanta federal reserve is estimating 4.4% GDP growth in the third quarter
The US economy has grown by $1.4 trillion from 2017 to 2018Q2. It will likely add $300 billion in third quarter.

Annual wage growth hit a nine-year high in the US last month as the economy created more jobs than expected.

Average hourly earnings rose by 0.4% in August, pushing the annual rate of increase to 2.9% – the fastest pace since June 2009.

Hiring in the construction sector and in professional services helped the economy to add 201,000 jobs last month

Some economists predict the US economic surge will end in mid-2019 and others at the end of 2020.

164 thoughts on “US likely at 4% GDP growth in third quarter and see highest wage growth in nine years”

  2. Services are about 60% and Goods are about 40%. So a drop in goods will affect the American Economy. A 2% to 4% increase is unemployment is quite noticeable and some what painful.

  4. Services are about 60{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} and Goods are about 40{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. So a drop in goods will affect the American Economy. A 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} to 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} increase is unemployment is quite noticeable and some what painful.

  5. Let’s see what the numbers are. US GDP $19 Trillion, Total Value of US Trade $4 Trillion. I don’t think $4 Trillion is a small percent of $19 Trillion. It is 21%. I don’t think Trump’s trade war will cost us 21% of our GDP but economies are funny things in that trends tend to be self enforcing. So a 2% to 4% drop in GDP can easily become a 10% to 20% drop in GDP and 10% to 20% unemployment rate.

  6. Let’s see what the numbers are. US GDP $19 Trillion Total Value of US Trade $4 Trillion. I don’t think $4 Trillion is a small percent of $19 Trillion. It is 21{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. I don’t think Trump’s trade war will cost us 21{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of our GDP but economies are funny things in that trends tend to be self enforcing. So a 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} to 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} drop in GDP can easily become a 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} to 20{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} drop in GDP and 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} to 20{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} unemployment rate.

  9. You must have suspected it was in that range given the numbers discussed in the briefing about the tariffs. All I did was google “Total US trade” and found the number. I suggest that you do the same. BTW, facts shouldn’t be debatable. They are what they are.

  10. You must have suspected it was in that range given the numbers discussed in the briefing about the tariffs. All I did was google Total US trade”” and found the number. I suggest that you do the same. BTW”””” facts shouldn’t be debatable. They are what they are.”””

  11. It certainly is free if you’re adding to the deficit. ” No it isn’t. Congress spending money it does not have is not the fault of individuals nor does that automatically make their money the property of said Congress.

  12. It certainly is free if you’re adding to the deficit. “”No it isn’t. Congress spending money it does not have is not the fault of individuals nor does that automatically make their money the property of said Congress.”””

  13. We are having a trade war with the two other largest economy in the world: China, and Europe.” So? “The US domestic consumption is fuel by import from China” No it isn’t. Vast majority of US domestic consumption is SERVICES.

  14. We are having a trade war with the two other largest economy in the world: China” and Europe.””So? “”””The US domestic consumption is fuel by import from China””””No it isn’t. Vast majority of US domestic consumption is SERVICES.”””

  17. You are wrong. I received protect from rouge nations and terrorists. I also received protection from local criminals. There is law and order, peace and safety. There is sanitation, fire protection, education, roads, health care, and social security. Having a higher income than average I pay more than most. On the other hand I have a lot more to lose than most. But I want to emphasized that whatever I received from the government it isn’t free since I more than pay for it.

  18. You are wrong. I received protect from rouge nations and terrorists. I also received protection from local criminals. There is law and order peace and safety. There is sanitation fire protection education roads health care and social security. Having a higher income than average I pay more than most. On the other hand I have a lot more to lose than most. But I want to emphasized that whatever I received from the government it isn’t free since I more than pay for it.

  19. We are having a trade war with the two other largest economy in the world: China, and Europe. The US domestic consumption is fuel by import from China. It just started. Lets us see what happens in a year or two. It is really tax reform. It was a tax cut for the rich. And the GDP increase is due to the massive deficit spending that the tax cut caused. As for the growth caused by regulatory reform for some reason I haven’t seen any reports that shows any proof of that. And I doubt poisoning the air and water can be that profitable.

  20. We are having a trade war with the two other largest economy in the world: China and Europe. The US domestic consumption is fuel by import from China. It just started. Lets us see what happens in a year or two. It is really tax reform. It was a tax cut for the rich. And the GDP increase is due to the massive deficit spending that the tax cut caused. As for the growth caused by regulatory reform for some reason I haven’t seen any reports that shows any proof of that. And I doubt poisoning the air and water can be that profitable.

  21. You must have suspected it was in that range given the numbers discussed in the briefing about the tariffs. All I did was google “Total US trade” and found the number. I suggest that you do the same. BTW, facts shouldn’t be debatable. They are what they are.

  22. You must have suspected it was in that range given the numbers discussed in the briefing about the tariffs. All I did was google Total US trade”” and found the number. I suggest that you do the same. BTW”””” facts shouldn’t be debatable. They are what they are.”””

  25. Let’s see what the numbers are. US GDP $19 Trillion, Total Value of US Trade $4 Trillion. I don’t think $4 Trillion is a small percent of $19 Trillion. It is 21%. I don’t think Trump’s trade war will cost us 21% of our GDP but economies are funny things in that trends tend to be self enforcing. So a 2% to 4% drop in GDP can easily become a 10% to 20% drop in GDP and 10% to 20% unemployment rate.

  26. Let’s see what the numbers are. US GDP $19 Trillion Total Value of US Trade $4 Trillion. I don’t think $4 Trillion is a small percent of $19 Trillion. It is 21{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. I don’t think Trump’s trade war will cost us 21{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of our GDP but economies are funny things in that trends tend to be self enforcing. So a 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} to 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} drop in GDP can easily become a 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} to 20{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} drop in GDP and 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} to 20{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} unemployment rate.

  27. You must have suspected it was in that range given the numbers discussed in the briefing about the tariffs. All I did was google “Total US trade” and found the number. I suggest that you do the same.

    BTW, facts shouldn’t be debatable. They are what they are.

  29. Let’s see what the numbers are. US GDP $19 Trillion, Total Value of US Trade $4 Trillion. I don’t think $4 Trillion is a small percent of $19 Trillion. It is 21%. I don’t think Trump’s trade war will cost us 21% of our GDP but economies are funny things in that trends tend to be self enforcing. So a 2% to 4% drop in GDP can easily become a 10% to 20% drop in GDP and 10% to 20% unemployment rate.

  32. Services are about 60% and Goods are about 40%. So a drop in goods will affect the American Economy. A 2% to 4% increase is unemployment is quite noticeable and some what painful.

  33. Services are about 60{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} and Goods are about 40{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. So a drop in goods will affect the American Economy. A 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} to 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} increase is unemployment is quite noticeable and some what painful.

  35. Services are about 60% and Goods are about 40%. So a drop in goods will affect the American Economy. A 2% to 4% increase is unemployment is quite noticeable and some what painful.

  36. It certainly is free if you’re adding to the deficit. ” No it isn’t. Congress spending money it does not have is not the fault of individuals nor does that automatically make their money the property of said Congress.

  37. It certainly is free if you’re adding to the deficit. “”No it isn’t. Congress spending money it does not have is not the fault of individuals nor does that automatically make their money the property of said Congress.”””

  38. We are having a trade war with the two other largest economy in the world: China, and Europe.” So? “The US domestic consumption is fuel by import from China” No it isn’t. Vast majority of US domestic consumption is SERVICES.

  39. We are having a trade war with the two other largest economy in the world: China” and Europe.””So? “”””The US domestic consumption is fuel by import from China””””No it isn’t. Vast majority of US domestic consumption is SERVICES.”””

  42. “It certainly is free if you’re adding to the deficit. ”

    No it isn’t. Congress spending money it does not have is not the fault of individuals nor does that automatically make their money the property of said Congress.

  43. “We are having a trade war with the two other largest economy in the world: China, and Europe.”

    So?

    “The US domestic consumption is fuel by import from China”

    No it isn’t. Vast majority of US domestic consumption is SERVICES.

  44. You are wrong. I received protect from rouge nations and terrorists. I also received protection from local criminals. There is law and order, peace and safety. There is sanitation, fire protection, education, roads, health care, and social security. Having a higher income than average I pay more than most. On the other hand I have a lot more to lose than most. But I want to emphasized that whatever I received from the government it isn’t free since I more than pay for it.

  45. You are wrong. I received protect from rouge nations and terrorists. I also received protection from local criminals. There is law and order peace and safety. There is sanitation fire protection education roads health care and social security. Having a higher income than average I pay more than most. On the other hand I have a lot more to lose than most. But I want to emphasized that whatever I received from the government it isn’t free since I more than pay for it.

  46. We are having a trade war with the two other largest economy in the world: China, and Europe. The US domestic consumption is fuel by import from China. It just started. Lets us see what happens in a year or two. It is really tax reform. It was a tax cut for the rich. And the GDP increase is due to the massive deficit spending that the tax cut caused. As for the growth caused by regulatory reform for some reason I haven’t seen any reports that shows any proof of that. And I doubt poisoning the air and water can be that profitable.

  47. We are having a trade war with the two other largest economy in the world: China and Europe. The US domestic consumption is fuel by import from China. It just started. Lets us see what happens in a year or two. It is really tax reform. It was a tax cut for the rich. And the GDP increase is due to the massive deficit spending that the tax cut caused. As for the growth caused by regulatory reform for some reason I haven’t seen any reports that shows any proof of that. And I doubt poisoning the air and water can be that profitable.

  49. You are wrong. I received protect from rouge nations and terrorists. I also received protection from local criminals. There is law and order, peace and safety. There is sanitation, fire protection, education, roads, health care, and social security. Having a higher income than average I pay more than most. On the other hand I have a lot more to lose than most. But I want to emphasized that whatever I received from the government it isn’t free since I more than pay for it.

  50. We are having a trade war with the two other largest economy in the world: China, and Europe. The US domestic consumption is fuel by import from China. It just started. Lets us see what happens in a year or two.

    It is really tax reform. It was a tax cut for the rich. And the GDP increase is due to the massive deficit spending that the tax cut caused. As for the growth caused by regulatory reform for some reason I haven’t seen any reports that shows any proof of that. And I doubt poisoning the air and water can be that profitable.

  53. The wage growth in the bottom 10% is real and due to a lack of qualified workers for positions. Companies need to retain good workers and attract other workers. They do this with wage increases.

  54. The wage growth in the bottom 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} is real and due to a lack of qualified workers for positions. Companies need to retain good workers and attract other workers. They do this with wage increases.

  55. Why not cut spending first and give us back the excess as a rebate at the end of the year.” I’d love to do that. The freedom caucus would love to do that. I’m pretty sure the Dems in Congress won’t do that.

  56. Why not cut spending first and give us back the excess as a rebate at the end of the year.””I’d love to do that. The freedom caucus would love to do that. I’m pretty sure the Dems in Congress won’t do that.”””

  58. How come Obama’s deficit spending didn’t power the economy to 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} growth?

  59. But the government funding fundamental research might.” 1. The government along with private companies do an awful lot of cancer research 2. R&D is NOT where the government spends the vast majority of its money 3. Stop using 1% of government spending to justify the other 99%. It does not need to come along for the ride.

  60. But the government funding fundamental research might.””1. The government along with private companies do an awful lot of cancer research2. R&D is NOT where the government spends the vast majority of its money3. Stop using 1{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of government spending to justify the other 99{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. It does not need to come along for the ride.”””

  61. Because the ROI for many college degrees is quite small. Investing in people is great, but make sure it is a good investment with a positive return. College is not the fast track to a high salary unless you are talking about STEM programs.

  62. Because the ROI for many college degrees is quite small. Investing in people is great but make sure it is a good investment with a positive return. College is not the fast track to a high salary unless you are talking about STEM programs.

  63. I too pay lots of taxes. I do NOT receive lots of government services. You seem to pay lots of taxes and expect to get services which means you too do not get them.

  64. I too pay lots of taxes. I do NOT receive lots of government services. You seem to pay lots of taxes and expect to get services which means you too do not get them.

  65. The trade war is small and for the most part only limited to China. Europe, Mexico, and soon Canada are past the trade war. Most of US GDP is domestic consumption so even if a trade war shaves GDP due to trade it can be compensated for with growth domestically due to tax reform, regulation reform, etc.

  66. The trade war is small and for the most part only limited to China. Europe Mexico and soon Canada are past the trade war.Most of US GDP is domestic consumption so even if a trade war shaves GDP due to trade it can be compensated for with growth domestically due to tax reform regulation reform etc.

  67. It that the same Hope in “Hope and Prayers” for the victim of mass shootings. For every Republican tax cuts the deficit and the debt has gone up, never down. Why not cut spending first and give us back the excess as a rebate at the end of the year.

  68. It that the same Hope in Hope and Prayers”” for the victim of mass shootings. For every Republican tax cuts the deficit and the debt has gone up”””” never down. Why not cut spending first and give us back the excess as a rebate at the end of the year.”””

  69. The FED will raise the discount interest rate until the GDP growth is about 3%. Of course this will boost the interest the Treasury has to pay for Treasury Bonds further increasing the deficit.

  70. The FED will raise the discount interest rate until the GDP growth is about 3{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. Of course this will boost the interest the Treasury has to pay for Treasury Bonds further increasing the deficit.

  75. You have to wait until the game ends before you know who the winners are. All I know is that increasing the cost of stuff by 25% will not improve sales. Some of the trade tariffs have just started, most of not been implemented yet. Give it a year or two and we will see the effects and if the GDP is still growing at 4% you can crow.

  76. You have to wait until the game ends before you know who the winners are. All I know is that increasing the cost of stuff by 25{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} will not improve sales. Some of the trade tariffs have just started most of not been implemented yet. Give it a year or two and we will see the effects and if the GDP is still growing at 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} you can crow.

  77. Keeping your money is wasted stuff. Millions still die of cancer. My $100 and your $100 ain’t going to cure cancer. But the government funding fundamental research might.

  78. Keeping your money is wasted stuff. Millions still die of cancer. My $100 and your $100 ain’t going to cure cancer. But the government funding fundamental research might.

  79. All every good ideas except the Minimum Wage is too low. I would prefer $20/hr at least. I don’t understand why lowering the cost of healthcare and investing in people are far-left ideas. These ideas should be main streamideas. After the GI bill made going to college affordable for many there was a long term boost in the American economy. The payback for education is so great that every nation in the world supports education.

  80. All every good ideas except the Minimum Wage is too low. I would prefer $20/hr at least. I don’t understand why lowering the cost of healthcare and investing in people are far-left ideas. These ideas should be main streamideas. After the GI bill made going to college affordable for many there was a long term boost in the American economy. The payback for education is so great that every nation in the world supports education.

  81. I pay a lot of taxes and I expect to get services from the government for the taxes I pay. Where did this stupid idea of free stuff come from?

  82. I pay a lot of taxes and I expect to get services from the government for the taxes I pay. Where did this stupid idea of free stuff come from?

  85. While I’m a big Trump fan, and agree with almost everything he has done, I am also a numbers guy. I don’t like us running up the debt one bit. Bill Clinton whom I disagreed with on many things, did a great job on this. Then 9/11 happened, and the following wars, the debt became irrelevant. Bush ran it up like crazy, and Obama poured gasoline on the fire. Trump appears to be picking up where Obama left off, and shifting it into overdrive. I love that he wants to shrink government, but I’m not seeing a big enough cut for my liking. While I also like the tax cut, it was not what I was hoping for, I wanted the Fair Tax Plan. Then we can shutdown/fire the IRS, and stop spending billions of dollars of our money, just to figure out how much tax we have to pay…it’s f*cking brain dead that we still do this. Done ranting…I hope Trump can get Washington spending under control, and I love that our economy is doing great.

  86. While I’m a big Trump fan and agree with almost everything he has done I am also a numbers guy. I don’t like us running up the debt one bit. Bill Clinton whom I disagreed with on many things did a great job on this. Then 9/11 happened and the following wars the debt became irrelevant. Bush ran it up like crazy and Obama poured gasoline on the fire. Trump appears to be picking up where Obama left off and shifting it into overdrive. I love that he wants to shrink government but I’m not seeing a big enough cut for my liking. While I also like the tax cut it was not what I was hoping for I wanted the Fair Tax Plan. Then we can shutdown/fire the IRS and stop spending billions of dollars of our money just to figure out how much tax we have to pay…it’s f*cking brain dead that we still do this.Done ranting…I hope Trump can get Washington spending under control and I love that our economy is doing great.

  87. You obviously have no idea whoAlexandria Ocasio-Cortez is, she’s basically the ethnic, younger, female version of Bernie Sanders. During Ocasio-Cortez campaign she made several far-left proposals a centerpiece of her platform. She wants a federal jobs guarantee, a $15-per-hour minimum wage, paid family and sick leave, “Medicare for all,” tuition-free public college and trade schools, a nation-wide 100 percent renewable energy plan by 2035, and abolishing Immigration and Customs Enforcement (ICE).

  88. You obviously have no idea whoAlexandria Ocasio-Cortez is she’s basically the ethnic younger female version of Bernie Sanders. During Ocasio-Cortez campaign she made several far-left proposals a centerpiece of her platform. She wants a federal jobs guarantee a $15-per-hour minimum wage paid family and sick leave “Medicare for all” tuition-free public college and trade schools a nation-wide 100 percent renewable energy plan by 2035 and abolishing Immigration and Customs Enforcement (ICE).”

  91. According to Statistica.com US growth exceeded 4% only three times in the years 2011 to 2017. Growth was 4.1% in the second quarter this year. Unemployment for all classes is at historic lows. Congress keeps authorizing ballooning deficits, blame them if this all comes crashing down

  92. According to Statistica.com US growth exceeded 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} only three times in the years 2011 to 2017. Growth was 4.1{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} in the second quarter this year. Unemployment for all classes is at historic lows. Congress keeps authorizing ballooning deficits blame them if this all comes crashing down

  93. Free stuff is something you don’t pay for. By definition you pay 100% of your taxes. Keeping more of your money is not free stuff.

  94. Free stuff is something you don’t pay for. By definition you pay 100{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of your taxes. Keeping more of your money is not free stuff.

  95. For what it’s worth, the Atlanta Fed’s GDPNow model has been the most accurate GDP forecasting model in the Fed’s arsenal since late 2016.

  96. For what it’s worth the Atlanta Fed’s GDPNow model has been the most accurate GDP forecasting model in the Fed’s arsenal since late 2016.

  104. The wage growth in the bottom 10% is real and due to a lack of qualified workers for positions. Companies need to retain good workers and attract other workers. They do this with wage increases.

  105. “Why not cut spending first and give us back the excess as a rebate at the end of the year.”

    I’d love to do that. The freedom caucus would love to do that. I’m pretty sure the Dems in Congress won’t do that.

  107. “But the government funding fundamental research might.”

    1. The government along with private companies do an awful lot of cancer research
    2. R&D is NOT where the government spends the vast majority of its money
    3. Stop using 1% of government spending to justify the other 99%. It does not need to come along for the ride.

  108. Because the ROI for many college degrees is quite small. Investing in people is great, but make sure it is a good investment with a positive return. College is not the fast track to a high salary unless you are talking about STEM programs.

  110. The trade war is small and for the most part only limited to China. Europe, Mexico, and soon Canada are past the trade war.

    Most of US GDP is domestic consumption so even if a trade war shaves GDP due to trade it can be compensated for with growth domestically due to tax reform, regulation reform, etc.

  111. It that the same Hope in “Hope and Prayers” for the victim of mass shootings. For every Republican tax cuts the deficit and the debt has gone up, never down. Why not cut spending first and give us back the excess as a rebate at the end of the year.

  112. The FED will raise the discount interest rate until the GDP growth is about 3%. Of course this will boost the interest the Treasury has to pay for Treasury Bonds further increasing the deficit.

  115. You have to wait until the game ends before you know who the winners are. All I know is that increasing the cost of stuff by 25% will not improve sales. Some of the trade tariffs have just started, most of not been implemented yet. Give it a year or two and we will see the effects and if the GDP is still growing at 4% you can crow.

  116. Keeping your money is wasted stuff. Millions still die of cancer. My $100 and your $100 ain’t going to cure cancer. But the government funding fundamental research might.

  117. All every good ideas except the Minimum Wage is too low. I would prefer $20/hr at least. I don’t understand why lowering the cost of healthcare and investing in people are far-left ideas. These ideas should be main streamideas. After the GI bill made going to college affordable for many there was a long term boost in the American economy. The payback for education is so great that every nation in the world supports education.

  120. While I’m a big Trump fan, and agree with almost everything he has done, I am also a numbers guy. I don’t like us running up the debt one bit. Bill Clinton whom I disagreed with on many things, did a great job on this. Then 9/11 happened, and the following wars, the debt became irrelevant. Bush ran it up like crazy, and Obama poured gasoline on the fire. Trump appears to be picking up where Obama left off, and shifting it into overdrive. I love that he wants to shrink government, but I’m not seeing a big enough cut for my liking. While I also like the tax cut, it was not what I was hoping for, I wanted the Fair Tax Plan. Then we can shutdown/fire the IRS, and stop spending billions of dollars of our money, just to figure out how much tax we have to pay…it’s f*cking brain dead that we still do this.
    Done ranting…I hope Trump can get Washington spending under control, and I love that our economy is doing great.

  121. You obviously have no idea whoAlexandria Ocasio-Cortez is, she’s basically the ethnic, younger, female version of Bernie Sanders.
    During Ocasio-Cortez campaign she made several far-left proposals a centerpiece of her platform. She wants a federal jobs guarantee, a $15-per-hour minimum wage, paid family and sick leave, “Medicare for all,” tuition-free public college and trade schools, a nation-wide 100 percent renewable energy plan by 2035, and abolishing Immigration and Customs Enforcement (ICE).

  122. President Trump is working on another tax cut which he hopes will raise US economic growth to 5%. I suspect that the combined efforts of the GOPe and Democrats to resist spending cuts will go into overdrive to try and cancel this out. OTOH, President Trump has forced the Congress to deliver Departmental budgets rather than “Omnibus” spending bills for the first time in 20 years, which should make it easier to identify and trim out of control spending. Frankly, unless US voters get more aggressively behind cutting spending and reducing the scale and scope of the government (at all levels), this problem isn’t going to be solved. Politicians like Alexandria Ocasio-Cortez understand that people are more attracted to “freestuff”, so it will be very difficult to build the political consensus to do what is necessary.

  123. President Trump is working on another tax cut which he hopes will raise US economic growth to 5{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. I suspect that the combined efforts of the GOPe and Democrats to resist spending cuts will go into overdrive to try and cancel this out.OTOH President Trump has forced the Congress to deliver Departmental budgets rather than Omnibus”” spending bills for the first time in 20 years”” which should make it easier to identify and trim out of control spending. Frankly unless US voters get more aggressively behind cutting spending and reducing the scale and scope of the government (at all levels)”” this problem isn’t going to be solved. Politicians like Alexandria Ocasio-Cortez understand that people are more attracted to “”””freestuff”””””””” so it will be very difficult to build the political consensus to do what is necessary.”””

  125. According to Statistica.com US growth exceeded 4% only three times in the years 2011 to 2017. Growth was 4.1% in the second quarter this year. Unemployment for all classes is at historic lows. Congress keeps authorizing ballooning deficits, blame them if this all comes crashing down

  126. It was projected to help about 1% for several years… so it surprised nobody. Note, there is an economic contagion occurring in the emerging market sector caused by rising US interest rates effect on the availability of money to refinance debts in emerging countries. This could ripple into other countries and eventually pull down our economy too. I’m trying to say bad times could come a lot sooner than expected.

  127. It was projected to help about 1{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} for several years… so it surprised nobody. Note there is an economic contagion occurring in the emerging market sector caused by rising US interest rates effect on the availability of money to refinance debts in emerging countries. This could ripple into other countries and eventually pull down our economy too. I’m trying to say bad times could come a lot sooner than expected.

  129. No the real test will be several years from now (before the 2020 election) when the stimulus effect is projected to wear off. Note, economists don’t expect 4% the next quarter.

  130. No the real test will be several years from now (before the 2020 election) when the stimulus effect is projected to wear off. Note economists don’t expect 4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} the next quarter.

  131. Not that this changes things all that much but there has been some real wage growth in the bottom 10%. I suspect the trend of increasing local minimum wages are the reason for that…

  132. Not that this changes things all that much but there has been some real wage growth in the bottom 10{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}. I suspect the trend of increasing local minimum wages are the reason for that…

  135. Few notes 1) the forecast of 4.4% comes from one source only and it is only for one qurter 2) New York FED: New York Fed: Q3 GDP growth forecast rises to 2.2% from 2% 3) total growth for the 2018 may be less than 3% 4) debt in the US grew from 19848 to 21313 US$B in one year. This is a 7.4% GROWTH ! 5) Trump is KILLING the US economy

  136. Few notes1) the forecast of 4.4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} comes from one source only and it is only for one qurter 2) New York FED: New York Fed: Q3 GDP growth forecast rises to 2.2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} from 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}3) total growth for the 2018 may be less than 3{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} 4) debt in the US grew from 19848 to 21313 US$B in one year. This is a 7.4{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} GROWTH ! 5) Trump is KILLING the US economy

  137. That’s the real looming problem that concerns me now. Sooner or later the World economy (not just the US economy) is going to take an unprecedented hit from this reckless increase in our deficit. Note, some people call Liberals hypocrites for criticizing Trump deficits but Liberals have always know they can safely increase as long as growth (including inflation) grows as fast or faster and also they as can be safely increased as a “temporary” stimulus. Neither of those preconditions are now being met.

  138. That’s the real looming problem that concerns me now. Sooner or later the World economy (not just the US economy) is going to take an unprecedented hit from this reckless increase in our deficit. Note some people call Liberals hypocrites for criticizing Trump deficits but Liberals have always know they can safely increase as long as growth (including inflation) grows as fast or faster and also they as can be safely increased as a temporary”” stimulus. Neither of those preconditions are now being met.”””

  139. I seemed to remember hearing that the wage formula had changed recently to include more benefits. Couldn’t this be responsible for the sudden change in wages?

  140. I seemed to remember hearing that the wage formula had changed recently to include more benefits. Couldn’t this be responsible for the sudden change in wages?

  141. Laughably negative comments here about what is unquestionably Trump’s great success. Tax cuts and deregulation really do help economic growth, which is no surprise except to the left.

  142. Laughably negative comments here about what is unquestionably Trump’s great success. Tax cuts and deregulation really do help economic growth which is no surprise except to the left.

  145. Which all sounds good right up until you realize: The VAST majority of GDP growth is going to the top 0.1% Real income (IE income after inflation) has been flat or negative recently. So none of this is good news for the vast majority reading this. If you see your income going up 2% while inflation goes up 2.5% you are making less in reality. If you think GDP matters at all to YOU, then you don’t comprehend who is getting all the benefits. And finally….cherry picking the Atlanta GDP estimate is deceptive. The federal reserve NY GDP estimate is 2.23 right now for example.. I’m here for new technology and science, not thinly veiled political propaganda. I wish we would stick to that.

  146. Which all sounds good right up until you realize:The VAST majority of GDP growth is going to the top 0.1{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12}Real income (IE income after inflation) has been flat or negative recently.So none of this is good news for the vast majority reading this. If you see your income going up 2{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} while inflation goes up 2.5{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} you are making less in reality. If you think GDP matters at all to YOU then you don’t comprehend who is getting all the benefits.And finally….cherry picking the Atlanta GDP estimate is deceptive. The federal reserve NY GDP estimate is 2.23 right now for example..I’m here for new technology and science not thinly veiled political propaganda. I wish we would stick to that.

  153. President Trump is working on another tax cut which he hopes will raise US economic growth to 5%. I suspect that the combined efforts of the GOPe and Democrats to resist spending cuts will go into overdrive to try and cancel this out.

    OTOH, President Trump has forced the Congress to deliver Departmental budgets rather than “Omnibus” spending bills for the first time in 20 years, which should make it easier to identify and trim out of control spending. Frankly, unless US voters get more aggressively behind cutting spending and reducing the scale and scope of the government (at all levels), this problem isn’t going to be solved. Politicians like Alexandria Ocasio-Cortez understand that people are more attracted to “freestuff”, so it will be very difficult to build the political consensus to do what is necessary.

  154. It was projected to help about 1% for several years… so it surprised nobody. Note, there is an economic contagion occurring in the emerging market sector caused by rising US interest rates effect on the availability of money to refinance debts in emerging countries. This could ripple into other countries and eventually pull down our economy too. I’m trying to say bad times could come a lot sooner than expected.

  155. No the real test will be several years from now (before the 2020 election) when the stimulus effect is projected to wear off. Note, economists don’t expect 4% the next quarter.

  156. Not that this changes things all that much but there has been some real wage growth in the bottom 10%. I suspect the trend of increasing local minimum wages are the reason for that…

  158. Few notes
    1) the forecast of 4.4% comes from one source only and it is only for one qurter
    2) New York FED: New York Fed: Q3 GDP growth forecast rises to 2.2% from 2%
    3) total growth for the 2018 may be less than 3%
    4) debt in the US grew from 19848 to 21313 US$B in one year. This is a 7.4% GROWTH !
    5) Trump is KILLING the US economy

  159. That’s the real looming problem that concerns me now. Sooner or later the World economy (not just the US economy) is going to take an unprecedented hit from this reckless increase in our deficit. Note, some people call Liberals hypocrites for criticizing Trump deficits but Liberals have always know they can safely increase as long as growth (including inflation) grows as fast or faster and also they as can be safely increased as a “temporary” stimulus. Neither of those preconditions are now being met.

  161. Laughably negative comments here about what is unquestionably Trump’s great success. Tax cuts and deregulation really do help economic growth, which is no surprise except to the left.

  163. Which all sounds good right up until you realize:

    The VAST majority of GDP growth is going to the top 0.1%
    Real income (IE income after inflation) has been flat or negative recently.

    So none of this is good news for the vast majority reading this. If you see your income going up 2% while inflation goes up 2.5% you are making less in reality. If you think GDP matters at all to YOU, then you don’t comprehend who is getting all the benefits.

    And finally….cherry picking the Atlanta GDP estimate is deceptive. The federal reserve NY GDP estimate is 2.23 right now for example..

    I’m here for new technology and science, not thinly veiled political propaganda. I wish we would stick to that.

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