Showing posts with label GDP growth. Show all posts
Showing posts with label GDP growth. Show all posts

Monday, May 27, 2019

Headlines


51 attorneys general urge DeVos: Erase disabled veterans’ student debt

North Korea missile tests violated UN resolutions, Bolton says

Nadler health scare ... Rushed to hospital ...

Farmers granted $16B countering China unjustified retaliatory tariffs

Intel chief warns Barr could imperil national security by declassifying national security

Iranian general: We Believe the US will rein in ‘radicals’ to prevent war

China unveils 372 MPH train ...

Judge blocks Mississippi “heartbeat” abortion law

Weapons worth over $8B headed to Middle East over Congress’ objection

Progress reported in race to find vaccine for deadly hog disease spreading across China

JP Morgan cuts GDP forecast to just 1%  ...

Boko Haram killed 2,295 teachers, destroyed 1,500 schools in Nigeria

Sunday, March 24, 2019

Headlines


Can Trump survive Mueller?

Indonesia airline Garuda canceling $6 billion order for 49 Boeing 737 Max jets

Two U.S. service members killed in Afghanistan ...

Turn in smartphones! How Mueller kept lid on Trump-Russia probe ...

How the FAA delegated oversight to Boeing

Trump says GDP growth would have topped 4% if Fed had stopped rate hikes sooner

Report: Biden advisers consider Stacey Abrams as running mate

Report: Final ISIS state stronghold in Syria falls

Trump to recognize Israel sovereignty over Golan Heights

Crashed jets reportedly lacked key safety features because Boeing charged extra for them

Freshmen Dems to meet with Obama next week ...

E.U. leaders unanimously agree to grant Brexit delay

Saturday, March 23, 2019

Headlines


Pence woos 2016 anti-Trumpers to bankroll billion dollar re-election

Trump finally got his wish from the Fed, but not for the reasons he wanted

Fed: GDP growth will only be 2.1% for year ...

Maine House announces bill to rename Columbus Day

Aides struggle to see strategy in Trump’s Conway, McCain fights

US allies defy Trump administration plea to ban Huawei from 5G networks

Half of Americans don’t know all First Amendment rights ...

Illinois crowds protest radical abortion bill

EU has no choice but to approve Brexit extension

Fed holds the line on rates, says no more hikes ahead this year

Border Patrol says detention centers are full; Starts releasing ...

Poll: Kamala Harris rising as Beto O’Rourke edges in


Tuesday, February 26, 2019

Game Changer


Let us draw a few presidential contrasts:

Clinton,  Bush. and Obama did not try to address the North Korean nuclear threat ... Trump appears to be making some progress

Clinton,  Bush. and Obama did not effectively push back against the NATO payment slackers ... Trump has

Obama did nothing when Russia invaded the Ukraine ... Trump has armed them to resist

Clinton,  Bush. and Obama had ineffective and expensive Middle East strategies ... Trump appears to reversed both stumbles

Clinton, Bush and Obama had ignored Russian violations of the cruise missile treaty ... Trump hasn’t

Obama, with the Federal Reserve Bank’s help, was happy with GDP growth below 2% ... Trump has taken it above 3% even with the Fed working against him

Clinton, Bush and Obama had ignored the growing Venezuelan disaster, Trump hasn’t

Clinton, Bush. and especially Obama did not  address the Iranian threats ... Trump appears to have put Iran’s mullahs back in a box

Obama did not resist the Russian pipeline into Germany ... Trump has

Clinton, Bush and Obama had ineffective immigration policies and enforcement ... Trump is trying to fix things, resisted by Democrats and much of corporate America

Clinton and Obama were clearly anti-Israel ... Trump is just the opposite

ISIS was created due to Obama’s ineptitude and he would not defeat them ... Trump has

... Is this enough evidence that Trump is a game changer?

Friday, March 02, 2018

Headlines


Trump: 'Disgraceful' for Sessions to use DOJ watchdog to investigate FBI

ICE: Oakland mayor who warned illegals of raid 'no better than a gang lookout'

GDP growth revised down to 2.5% ...

U.S. News crowns California with worst state for 'quality of life'

Trump: We're delaying California border wall until entire project is approved

South Africa tries to seize white-owned land without compensation

Oprah: I God says run, I'll run!

Farrakhan: DNC's Ellison only denounced me because 'the Jew holds the door'

Corker decides against reelection bid, sticks with retirement

Amazon is buying Ring [for $1.8 billion], a company once rejected on 'Shark Tank'

Streisand clones her dogs. For $50,000 you can clone yours ...

Shooting survivor's father admits email changes in CNN spat


Thursday, March 14, 2013

Pattycake



Senator Patty Murray (D, Washington) just submitted the Democrat’s first 10-year budget proposal in the last four years … about a week after Representative Paul Ryan (R, Wisconsin) offered the Republican’s perennial plan … and about a month before President Obama has promised to submit his administration’s fiscal guidelines.  This is topsy-turvy.  The Congress as per the Constitution requires that the President must offer his budget by the first Monday of February to be followed, traditionally, by the Senate and the House reconciliations (see: Redhaired Grrl ).  Needless to say, although Paul Ryan has created a ten-year path to zero deficits, Patty Murray does not even offer a feigned attempt to do so.  And, in his “leading by following” style of (non)-governing, Obama’s budget is expected to even outdo Patty Murray’s profligate taxing-and-spending proposal.

To be specific, Patty Murray’s budget includes about $1.5 trillion of additional tax increases and fire-hose spending that culminate in annual deficits well above $500 billion continuing well after the ten-year view of her document … resulting in a total increase in our national debt by over $7 trillion by 2023 (to $24.4 trillion).   Please explore the details of this budget proposal at: Powerline Blog.  But what is even more maniacally unrealistic is that Patty Murray is using economic (GDP) growth expectations that are obviously science fiction.  Here they are as calculated by a clever reader of the Powerline reference, Mike McNary, and offered therein:

Year    Expected GDP Growth
2014            3.81%
2015            5.92%
2016            6.58%
2017            6.20%
2018            4.93%
2019            4.52%
2020            4.40%
2021            4.32%
2022            4.26%
2023            4.23%

Such robust economic expansion is possible and has happened in the past (like under Ronald Reagan), but Obama’s record for GDP growth shows that a 2% annual increase is the best he has been able to produce … but this was before his recent actual and additional hoped-for tax increases and the impact of Obamacare on our nation’s economy.  So, dear reader, if Patty Murray (and President Obama) have their way with us, there is no possibility that this country can outrun fiscal ruin over the next ten years.

Afterward: It's even worse!  Senator Sessions exposes Democrat double-counting budget mendacity.  See: Breitbart Story