Trump is in MO lying about economy again; GDP @3%

[Atman]

He's claiming he's achieved the greatest GDP ever, already at 3% this quarter. Those words are important! This quarter. He then goes on to say that on an annualized basis (yes, I'm surprised he knew a big word like annualized), Obama's economy never reached 3%. His sycophantic crowd goes wild. But he just compared ONE QUARTER to the entire Obama presidency. His one quarter results are nothing special, right in line with the ups and downs of the economy under Obama. Absolutely nothing special. But Trump supporters are stupid idiots and they'll eat this shit up.

[spanone]

1. he's so full of shit.

[ismnotwasm]

2. UGH and His supporters are the same people

Who think President Obama played golf during Katrina, and can't tell the difference between Michelle Obama and Condoleezza Rice.

[elleng]

3. U.S. Economy Grew 3% in 2nd Quarter, Fastest Pace in 2 Years.

'The current recovery marked its eighth birthday this summer — old by economic standards — but it is showing some unexpected vigor.

The Commerce Department said Wednesday that the economy had expanded at an annual rate of 3 percent in the second quarter of the year, better than initially estimated, and a substantial acceleration over the first quarter’s lackluster 1.2 percent pace.

The revised figure is still well below President Trump’s target of 4 percent growth, but it is the best economy’s best quarterly showing in two years.

“The economy is stronger than you think,” said Chris Rupkey, the chief financial economist at Mitsubishi UFJ Financial Group in New York. “Bet on it.”

The improvement was driven in large part by strong consumer activity, with purchases of durable goods like automobiles and appliances rising strongly. Increased business spending also helped lift the latest estimate above Commerce Department’s initial reading of 2.6 percent for the quarter.'>>>

https://www.nytimes.com/2017/08/30/business/economy/gdp.html?

[Atman]

4. Fastest pace in TWO YEARS.

Hmm...who was president two years ago? Proves my point, Trump lies. He compared annualized GDP under Obama to one quarter while he was president. Apples/oranges.

[spiderpig]

5. Yay him and Obama sucks. And he gets worse as he goes on.

Obstuctionist Democrats? I really should turn this asswipe off.

[DesertRat]

6. Yup

Link to tweet

[MyOwnPeace]

7. Oh, there you go...................

using FACTS to mess up a little child's fairy tale!

[Atman]

8. Guy's tweet is bogus.

Trump didn't say quarterly growth never reached 3% under Obama. He said ANNUALIZED growth never reached 3%, although quarterly GDP growth broke 3% several times. Trump didn't lie -- this time. He just played slight-of-hand with the facts.

[ProfessorGAC]

10. Yes, He Did Compare Apples to Oranges Didn't He

He compared a full year number to an annualized quarterly number. Pretty convenient.

[spiderpig]

9. He managed to work Ivanka into the picture.

"The American Model" ???????????????????????????

Modeled after the Russian Model.

And now he wants bipartisanship for tax cuts. Meanwhile, people are homeless, jobless and DEAD in Texas, you moron.

He's offscript and truly insane.