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U.S. economic growth slowed in the second quarter of 2019 to an annual rate of 2.1% https://t.co/sahUHJnRjR
— NYT Business (@nytimesbusiness) July 27, 2019
“Consumer spending is the bedrock of the economy” Question to @bencasselman: What if consumer spending rose to 100% of GDP from the current two-thirds? Answer: The economy would revert to the Stone Age & we'd starve. The “bedrock” would become quicksand!https://t.co/UwZLizXgdG
— Gene Epstein (@GeneSohoForum) July 27, 2019
U.S. Economy Slows, Denying Trump 3% Talking Point https://t.co/jFOxeXdXEn
— Chad Sarno (@Wanderer19) July 27, 2019
Revised government data show the economy grew 2.5 percent last year even by the measure preferred by the White House, not the 3 percent previously estimated, nor anywhere near the “4, 5 and even 6 percent” Trump has promised. https://t.co/xrKQnIwZws
— Peter Baker (@peterbakernyt) July 26, 2019
In the end the Trump econ will average about the same growth as the Obama, despite his tax cuts, fiscal stimulus & bragging. Reason is econ doesn't need corp tax cuts. It needs public investment in schools & infrastructure & policies to close income gap. https://t.co/Tgumhl20xX
— Michael Schuman (@MichaelSchuman) July 27, 2019
U.S. Economy Slows
— Mia Farrow (@MiaFarrow) July 27, 2019
The G.D.P. report indicates that business investment, manufacturing and housing are struggling, Denying Trump 3% Talking Point via @NYTimes https://t.co/PfIEnZXNKz
U.S. Economy Slows, Denying Trump 3% Talking Point - The New York Times. This is the key!! Forget racism +divisiveness, border walls, The Squad, white nationalism and the Democrats. If the economy is good enough Trump wins in 2020, if it stalls, he’s out. https://t.co/Gym62eN9Fy
— Clive Myrie (@CliveMyrieBBC) July 27, 2019
“It’s a good economy, but it’s got fragilities in it,” said Diane Swonk, chief economist for the accounting firm Grant Thornton. “You’d expect to feel more euphoria and more underlying strength, and instead what we’re seeing is fault lines.” https://t.co/VSzvYv9WuI
— Diane Swonk (@DianeSwonk) July 27, 2019
The economy most likely slowed in the second quarter. But don't panic, underlying measures should be stronger. https://t.co/ODAocvbvQx
— NYT Business (@nytimesbusiness) July 27, 2019
Trump's promise that Mexico will pay for the wall is not the only one that went up in smoke today.
— Richard Hine (@richardhine) July 27, 2019
His promise of 3% economic growth also died.
- 2018 full-year GDP revised down to 2.5%
- Q2 was a dismal 2.1%
- TAX CUTS FOR THE RICH HAVE FAILED AGAIN https://t.co/18AUZSUHyn
The sound you’re hearing is the sound of ten thousand pundits revising their election projections. https://t.co/QyMz3J8Fs7
— Devin Nunes’ English Professor (@Astrearedux) July 27, 2019
That tax cut designed to spur business investment? Well, it 's not happening. I hate to say I told you so. Trickle-down never works. It produces high deficits, nothing else.
— Gordon McClendon (@GordonMcClendon) July 27, 2019
U.S. Economy Slows, Denying Trump 3% Talking Point https://t.co/seABwwicGO
#TrumpSlump gets real:
— The Daily Edge (@TheDailyEdge) July 26, 2019
- Actual 2018 GDP growth revised downward
- Q2 slowdown shows effects of failed Trump policies
- The #GOPTaxScam was an expensive $1.5 TRILLION FAILURE that Trump has dumped on future generations#FailedPresident #FailureFridayhttps://t.co/21YtbVDtDr
The economy most likely slowed in the second quarter. But don't panic, underlying measures should be stronger. https://t.co/5AJzTsoPVI
— NYT Business (@nytimesbusiness) July 27, 2019
Trump's entire story about the economy fell apart this week:
— Richard Hine (@richardhine) July 27, 2019
He promised his tax cuts would:
- "Supercharge" the economy: FAIL
- Grow tax revenues: FAIL
- Reduce the deficit: MEGA-FAIL
He promised 3% growth:
- 2017: FAIL
- 2018: FAIL
- 2019 Q2: FAILhttps://t.co/uZjp68Eqkt
Why are you spending #SaturdayMorning attacking @RepCummings for doing his job?
— The Daily Edge (@TheDailyEdge) July 27, 2019
You're clearly not doing yours.
Donald Trump’s Entire Story About the Economy Fell Apart This Week#FailedPresident https://t.co/dygf2G8TmJ via @slate
#TrumpIsADisgrace #TrumpIsAFelon #TrumpIsAFraud
— QP #VoteBlue ☮️❤️? ????✊????? (@joelytrumpshate) July 27, 2019
Donald Trump’s entire story about the economy fell apart this week. https://t.co/vZ2ZZjEwPU
Friday’s GDP report totally demolished Trump’s narrative about how he supposedly saved the economy. https://t.co/GGZ3WBLZcn
— Stop Trump ? (@StopTrump2020) July 27, 2019
Friday’s GDP report totally demolished Trump’s narrative about how he supposedly saved the economy. https://t.co/JmoFhNFwQf via @slate
— Kim Franklin-Magana (@InspiringU2) July 27, 2019
Donald Trump’s entire story about the economy fell apart this week. https://t.co/rB66MdSspZ #SmartNews
— Sergius South (@sergius_south) July 27, 2019
He is already lying about his own administration's figures.
— Dr. Robert Fortuna (@psychdr100) July 27, 2019
If the president is worried about today's GDP numbers, says @karlbykarlsmith, then he should end his trade war https://t.co/IM2WickWNX via @bopinion
There are reasons to think growth will keep falling.
— The Grey Man (@IntelOperator) July 27, 2019
While most of the economy is consumer spending, the business cycle is primarily driven by investment, either in the business sector itself or in residential housing.
Neither look good.https://t.co/U7kmp2Dr6x
"Trump is in danger of recreating the economic conditions that doomed Democratic chances in 2016. That looks even more probable now." @karlbykarlsmith https://t.co/TCCHzRU6au via @bopinion pic.twitter.com/blueQpwVYZ
— James Greiff (@JamesGreiff) July 26, 2019
More Bad News For Trump.."Trump’s Economy Is in Dangerous Territory" .... https://t.co/SgAlN1bbeA
— SFrank (@sfranklin1926) July 26, 2019
How many times does it take us to learn that borrowing money that pays the wealthy DOES NOT WORK?
— Dr. Robert Fortuna (@psychdr100) July 27, 2019
New GDP data confirms Trump’s tax cuts aren’t working https://t.co/OpVydVW81q via @voxdotcom
Trickle down has NEVER worked throughout history.
— Sarah? (@Sarah_SKG_1983) July 27, 2019
If we continue with Trump, his deficit explosion, his tariffs, him pissing off our allies and biggest trade partners—we are headed for a depression. https://t.co/30SKHo2DwN
New GDP data confirms Trump’s tax cuts aren’t working https://t.co/hL6oSCZY7E
— Doug Mataconis (@dmataconis) July 26, 2019
Current business investment is NEGATIVE!#GOPTaxCuts for the rich don't work and NEVER pay for themselves
— Confunctionist (@confunctionist) July 27, 2019
If #Trump wanted to boast GDP, undo the #GOPTaxScam, then cut taxes for rest of us, who'll spend it immediately, boasting GDP now.
Sorry #BigDonorshttps://t.co/Vl37uKg8Um
Told you it was a scam. Biggest smash and grab by The Rich in history https://t.co/4RKwbZJLUx via @voxdotcom
— Pat Bagley (@Patbagley) July 26, 2019
New GDP data confirms Trump's tax cuts aren't working || By Matthew Yglesias https://t.co/D4rsRSSqy5
— SafetyPin-Daily (@SafetyPinDaily) July 27, 2019
Trump’s tax cuts didn’t fail — they worked just great for exactly who he intended: himself and his billionaire buddies.
— Bill de Blasio (@BilldeBlasio) July 27, 2019
While working people across the country are struggling to make ends meet, Trump and his cronies are laughing all the way to the bank. https://t.co/SvSuQlEvNs
Data shows TaxScam was just a scam. Just as anyone who took Econ 101 predicted. #Suckered https://t.co/QAU1gJKwE9
— Devin Hermanson (@devinher) July 27, 2019
New GDP data confirms Trump's tax cuts aren't working || By: Matthew Yglesias https://t.co/D4rsRSSqy5
— SafetyPin-Daily (@SafetyPinDaily) July 27, 2019
New GDP data confirms Trump's tax cuts aren't working | By Matthew Yglesias https://t.co/D4rsRSSqy5
— SafetyPin-Daily (@SafetyPinDaily) July 27, 2019
This is HUUUUGE...
— ????roger dodger???? (@rogerdodger1180) July 27, 2019
The economy is sliding and debt is rising thanks to the #GOPTaxScam https://t.co/atXadk74j4 pic.twitter.com/33EyWbWFoo