Growth down and Gas prices up under Trump

Well, in spite of all the praise and rhetoric we hear about Trump from true believers, not only is his administration a mess, but he hasn't don't much good for the economy yet either. GDP growth is down and gas prices are up. And a ton of jobs are probably going to be lost in the government once he gets his budget passed which is definitely going to hurt the economy as well. Then there's his brilliant plan to raise interest rates which will make the banks a ton of money but hurt all the rest of us and decrease spending on homes and cars.

I thought Trump was supposed to be good for the economy? Why the hell did people vote for him in the first place?

www.marketwatch.com...

time.com...

www.theguardian.com...

a reply to: CB328

Stock market goes up and down due to speculation and insider trading robbing the middle class of their wealth. It has nothing to do with economy.

Yeah, the entire GDP is based on the stock market. Nice try defending Herr Trump.

a reply to: CB328

I have on good authority that Trump personally called all of the big oil companies and told them to raise the price, after all, they may have forgotten that is the usual thing that happens as summer approaches, schools are out and people start taking trips.

a reply to: Aliensun
lol!

Wow some peoplw are still butt hurt? Thanks for the laugh

It's only April, hardly summer, and they've been up for quite a while. Besides, the whole summer driving season is a relic of past decades when people actually took summer vacations.

Since America is supposedly so much better in every way just by having Trump in office I'm calling him out his deficiencies.

a reply to: Aliensun


This is also 'turn-around' time at the refineries. Maintenance time with partial shut-downs.

a reply to: CB328

THE ECONOMIC THINGS THAT MATTER TO WORKING AMERICAN FAMILIES AND RETIREES...

401K and income-generating instruments are ALREADY performing better under President Trump's initiatives. Much better than they did during any of the 8 years that Obama was watching and learning how real-world economics work.

The ups and downs of gas prices don't significantly affect the standard-of-living of most American families.

Overall, Americans FEEL BETTER about this country now, than they have in ages. All "confidence indicators" are pointing upward.

Source: fortune.com...

Now, if we can get that God-awful ObamaCare weight removed, working Americans will experience even more prosperity.

originally posted by: CB328
GDP growth is down and gas prices are up.

If certain elements of 'the machine' keep the points made ... narrow and focused ... they can take Trump's legs from under him.

The gas price thing is gonna be a mother effer.

Wahhhhh. Wahhhhhh. Wahhhhhh.

Also the economic data has been bad for the past 2-3 months, if the next quarter show negative growth we are officially in a recession.

Business has the power to create jobs if the government gets out of the way.

People have the ability to dictate the ups and downs of our economy if Trump continues to cut regulation.

It's going to hurt at first but our children will have a better future.

a reply to: Snarl

Until the saudis drop it again by over producing again. This is just a correction due to their cutting back production to compete with fracking.

a reply to: yuppa

The economy is due for a serious correction.

The president SHOULD have nothing to do with it.

Free market forces should be dictating the ups and downs.

originally posted by: toysforadults
a reply to: yuppa

The economy is due for a serious correction.

The president SHOULD have nothing to do with it.

Free market forces should be dictating the ups and downs.

Keyword: "SHOULD"

• Some folks believe there are some real greedy folks who manipulate the Exchange almost as bad as the "news".

a reply to: JimNasium

Dodge v. Ford Motor Company, 170 NW 668 (Mich 1919)[1] is a case in which the Michigan Supreme Court held that Henry Ford had to operate the Ford Motor Company in the interests of its shareholders, rather than in a charitable manner for the benefit of his employees or customers.

Ford

Look it up if you don't like Wiki.

People spent a lot more in that fourth quarter when trump won the election, they are paying off the debts they incurred. One quarter of GDP is nothing to judge by, Trump actually has been snowballed so much, he hasn't got a chance to work on the economy as much as he should have.

The first three quarters of this year overall would be a better judge of things. He just got in, the bringing back of jobs isn't even happening yet, but some jobs did not leave. I think the GDP is actually one of the most deceptive judges of economy stability too. Stable slow growth is best overall. The raising prime rate is not helping, but that has been scheduled to raise since before he was president. It needs to happen to create stability.

I get irked when people try to twist figures to show something is either worse or better than it really is.

Trump will continue to rule over the destruction of the middle class.

I predicted that he was and is a scammer who cares only to make his family and friends richer.

He’s in business and the country will continue to slide into permanent low growth.

Its simple, demand is down because people just don’t have the money to spend.

Wages are still depressed and Trump will do nothing to change that and to bring back manufacturing.

In-fact things likely will get worse under Trump because he is advocating trickle down economics which never works

Tax reform hasn't happened yet and Obamacare is still in place. Until those two things are fixed, nothing significant in the economy will change. Trump seems to be pushing more energy, but there certainly hasn't been enough time for that to take effect yet either. It will be at least 2 years before we can truly judge Trump on the economy, and that's assuming Congress actually gets off their lazy butts and does something. The stock market is up, which can be given credit to Trump because it's speculative, but the actual economic numbers are still on Obama as there hasn't been nearly enough time for Trump to do anything significant.

a reply to: Willtell

The middle class has already been destroyed.

Key indicator -

College was designed to bring more people into the middle class, now it is whats preventing people from entering the middle class.

Indentured servitude.