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

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”

  1. 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.

    Reply
  2. 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.

    Reply
  3. 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.

    Reply
  4. 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.

    Reply
  5. 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.

    Reply
  6. 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.”””

    Reply
  7. 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.

    Reply
  8. 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.”””

    Reply
  9. 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.

    Reply
  10. 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.”””

    Reply
  11. 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.

    Reply
  12. 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.

    Reply
  13. 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.

    Reply
  14. 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.

    Reply
  15. 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.

    Reply
  16. 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.”””

    Reply
  17. 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.

    Reply
  18. 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.

    Reply
  19. 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.

    Reply
  20. 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.

    Reply
  21. 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.

    Reply
  22. 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.

    Reply
  23. 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.

    Reply
  24. 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.”””

    Reply
  25. 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.

    Reply
  26. 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.”””

    Reply
  27. “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.

    Reply
  28. “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.

    Reply
  29. 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.

    Reply
  30. 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.

    Reply
  31. 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.

    Reply
  32. 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.

    Reply
  33. 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.

    Reply
  34. 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.

    Reply
  35. 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.

    Reply
  36. 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.

    Reply
  37. 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.

    Reply
  38. 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.”””

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

    Reply
  40. 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.

    Reply
  41. 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.”””

    Reply
  42. 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.

    Reply
  43. 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.

    Reply
  44. 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.

    Reply
  45. 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.

    Reply
  46. 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.

    Reply
  47. 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.

    Reply
  48. 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.

    Reply
  49. 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.”””

    Reply
  50. 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.

    Reply
  51. 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.

    Reply
  52. 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.

    Reply
  53. 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.

    Reply
  54. 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.

    Reply
  55. 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.

    Reply
  56. 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.

    Reply
  57. 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.

    Reply
  58. 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?

    Reply
  59. 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?

    Reply
  60. 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.

    Reply
  61. 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.

    Reply
  62. 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).

    Reply
  63. 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).”

    Reply
  64. 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

    Reply
  65. 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

    Reply
  66. 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.

    Reply
  67. 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.

    Reply
  68. 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.

    Reply
  69. 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.

    Reply
  70. 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.

    Reply
  71. “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.

    Reply
  72. “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.

    Reply
  73. 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.

    Reply
  74. 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.

    Reply
  75. 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.

    Reply
  76. 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.

    Reply
  77. 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.

    Reply
  78. 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.

    Reply
  79. 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.

    Reply
  80. 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).

    Reply
  81. 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.

    Reply
  82. 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.”””

    Reply
  83. 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

    Reply
  84. 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.

    Reply
  85. 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.

    Reply
  86. 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.

    Reply
  87. 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.

    Reply
  88. 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…

    Reply
  89. 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…

    Reply
  90. 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

    Reply
  91. 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

    Reply
  92. 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.

    Reply
  93. 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.”””

    Reply
  94. 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?

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  95. 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?

    Reply
  96. 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.

    Reply
  97. 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.

    Reply
  98. 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.

    Reply
  99. 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.

    Reply
  100. 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.

    Reply
  101. 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.

    Reply
  102. 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…

    Reply
  103. 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

    Reply
  104. 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.

    Reply
  105. 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.

    Reply
  106. 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.

    Reply

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