US GDP beats forecasts with 3% growth

originally posted by: MOMof3
This is good news. Nobody needs a tax cut since we are all rolling in the money. Can pay down our debts, fund FEMA, and the insurance exchsnges.

I will take my tax cut...feel free to donate your money...just not mine.

a reply to: Metallicus

Hello comrade,

You must be forced to pay for social security because the daddy state says you cannot intelligently invest yourself. The people are too dumb to invest on their own. You must allow us to invest for you comrade or we cannot work together. Now off to the gulag.

originally posted by: toysforadults
Welp, aside from Melania's shoes throwing the media into a childish tantrum and the thing with Texas (Harvey) the economy seems to be doing pretty good.

Faux News

Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said in its second estimate on Wednesday. The upward revision from the 2.6 percent pace reported last month reflected robust consumer spending as well as strong business investment.

Let me think, repealing Dodd Frank and a president creating a pro business and deregulation environment has nothing to do with it. It's Obama's uhhh, hmm... uhhhh his uhhhhh... yeah it's Obama.

Republican President Donald Trump has set an ambitious 3.0 percent growth target for 2017, to be achieved through a mix of tax cuts, deregulation and infrastructure spending.

I think a big thing is that the average American actually feels better with about spending money right now and the economy driving up investments. I think more Americans than you think enjoy watching Trump take on the media and they feel good that someone is finally standing up to it. They just happen to be less vocal about it. Unless of course you live in Commiefornia.

Question:

What legislation has gotten through during Trump's term that would be contributing to economic growth?

a reply to: Greven

It has nothing to do with adding legislation. It has everything to do with deregulation.

a reply to: toysforadults

The question includes deregulation.

What has gotten through? Dodd-Frank has not been repealed yet, for instance.

originally posted by: toysforadults
a reply to: Greven

It has nothing to do with adding legislation. It has everything to do with deregulation.

oh hell yes!!

Maybe we could return to a capitalist system again where people have freedom. Our wonderful marriage between large corporations and our current government is disgusting. There is no chance for small businesses or even startups to get through their 1st years when battered senseless by all of the regulations. You need an army of lawyers to even get through the red tape anymore, which does nothing but benefit the existing mega-corps.

It appears our antitrust laws are just for show anymore.

a reply to: toysforadults

Most it is probably California because socialism works. Higher wagers and more benefits is causing more economic activity.

a reply to: toysforadults

Or United We Stand. Watching Houston has reminded me of that.