gdp

[steve dave]

the left is lucky

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

I bet a lot of ugly people are sharing this on Facebook today.

[CNS]

If I am reading this correctly, the GDP under Obama's first term, as the country entered it's second worst economic down turn ever, is just slightly under what the 'Pub avg is?

[420seriouscat69]

That's a cute chart.

[Rage Against the McKee]

Looks like the 3 worst presidents since WW2 have been Bush, Bush, and Obama.

[wetwillie]

Looks like Truman dropped the bomb more than once...heeeyyooo

[john "teach me how to" dougie]

Is it worth noting that the GDP includes government spending? Or, that the national debt has increased by $7 trillion since 2008?

Date           US Real GDP
Jun 30, 2014    15.99 trillion
Dec 31, 2013    15.92 trillion
Dec 31, 2012    15.43 trillion
Dec 31, 2011    15.19 trillion
Dec 31, 2010    14.94 trillion
Dec 31, 2009    14.54 trillion
Dec 31, 2008    14.58 trillion

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

"Average Annualized GDP Growth by Presidential Term"

Average Annualized?

['taterblast]

man, what if Reagan had been able to just keep doing his thing

[K-S-U-Wildcats!]

Is it worth noting that the GDP includes government spending? Or, that the national debt has increased by $7 trillion since 2008?

Yeah, that probably is worth noting. Of course, it's probably also worth noting that government spending is more a product of Congress - not the Presidency, and that spending is a product of programs implemented over a number of years and cannot be directly tied to any one particular Congress. So.... this chart appears to be worthless.

[steve dave]

swing and a miss

Table 6
Shocks and the DR-Gap
Shock Sample Period
R2
DR - Gap
Total Explained
1 Oil Shocks (Hamilton) 1949:Q2-2013:Q1 0.13 1.80 (0.64) 0.50 (0.10)
2 Oil Shocks (Killian) 1972:Q3 - 2004:Q3 0.05 0.82 (0.76) 0.21 (0.19)
3 TFP Utilization Adj (Fernald) 1949:Q2 - 2013:Q1 0.26 1.80 (0.64) 0.42 (0.11)
4 TFP Utilization Adj (Annual 1949 – 2012 0.14 1.79 (0.58) 0.46 (0.13)
5 Labor Productivity (SVAR, Gali) 1950:Q3 – 2013:Q1 0.09 1.73 (0.61) 0.21 (0.07)
6 Defense Spending (Ramey) 1949:Q2 - 2012.Q3 0.03 1.87 (0.64) 0.20 (0.05)
7 Defense Spending (Fisher-Peters) 1949:Q2 - 2008:Q4 0.00 2.13 (0.65) 0.02 (0.06)
8 International (GDP Growth Europe) 1962:Q4 – 2012:Q3 0.16 1.33 (0.63) 0.19 (0.05)
9 Taxes (Romer and Romer) 1949:Q2 - 2007:Q4 0.00 1.97 (0.64) 0.01 (0.06)
10 Taxes (Mertens and Ravn) 1951:Q3 - 2006:Q4 -0.05 1.68 (0.61) ?0.03 (0.11)
11 Government Spending (SVAR) 1952:Q3 - 2006:Q4 0.04 1.72 (0.63) 0.06 (0.02)
12 Monetary Policy (Romer and Romer) 1970:Q3 - 1996:Q4 0.20 0.47 (0.95) ?0.09 (0.17)
13 Monetary Policy SVAR (Sims and Zha) 1961:Q4 - 2003:Q1 0.16 1.50 (0.70) 0.05 (0.13)
14 Monetary Policy SVAR (Cholesky) 1957:Q2 - 2008.Q4 0.06 1.78 (0.64) ?0.23 (0.12)
15 Baa-Aaa Spread 1949:Q4 – 2013:Q1 0.06 1.85 (0.65) 0.21 (0.13)
16 EBP Spread (Gilchrist-Zakrajšek) 1975:Q3 – 2012:Q4 0.04 0.66 (0.69) 0.33 (026)
17 Ted Spread 1973:Q3 – 2013:Q1 0.22 0.93 (0.69) ?0.02 (0.03)
18 FRB SLOOS 1972:Q3 – 2013:Q1 0.20 0.77 (0.67) ?0.24 (0.10)
19 Index of Consumer Sent. Current (ICC) 1962:Q3 – 2013:Q1 0.10 1.26 (0.63) 0.03 (0.04)
20 Index of Consumer Expectations (ICE) 1962:Q3 – 2013:Q1 0.13 1.26 (0.63) 0.33 (0.09)
21 Uncertainty Index (BBD) 1949:Q4 - 2012:Q4 0.04 1.88 (0.65) ?0.18 (0.06)
Notes: The “Total” DR-gap is the difference in the average growth rate or real GDP under Democratic and
Republicans presidents for the sample period shown. The “Explained” gap is computed from (2) using the shock
shown and k =1. The R2 is the marginal R2 for the current

[steve dave]

here's the entire paper if you want to read it. they don't seem to be "libtards" but knowing this group they may be called that anyway. and their conclusion actually does chalk up a lot of the returns on luck and various shocks (though a lot of them could be attributable to foreign policy).

http://www.princeton.edu/~mwatson/papers/Presidents_Blinder_Watson_July2014.pdf

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

The important takeaway is Averaged Annualized.

[sonofdaxjones]

This is great, I also enjoy the discussion on "balanced budgets" but the national debt still managed to increase and the misunderstood reality the intra-governmental debt is still . . . debt.   Which until further notice, has to be paid back at some point down the line..

[Ghost of Stan Parrish]

This is great, I also enjoy the discussion on "balanced budgets" but the national debt still managed to increase and the misunderstood reality the intra-governmental debt is still . . . debt.   Which until further notice, has to be paid back at some point down the line..

You and I and Al Gore all understand this.

https://screen.yahoo.com/gore-bush-first-debate-000000075.html?query=bush+gore+snl

[sys]

debt doesn't have to be paid back.  don't you conservatards want govt to be run like a business?

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

debt doesn't have to be paid back.  don't you conservatards want govt to be run like a business?

From the champion of fiat money.  What a rough ridin' moron.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Sidenote: the conservatards are acting especially conservatarded in this thread

[SdK]

Never heard the world conservetard used before.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Never heard the world conservetard used before.

I made it up. It's not very clever.

[Benja]

Is it worth noting that the GDP includes government spending? Or, that the national debt has increased by $7 trillion since 2008?

Yeah, that probably is worth noting. Of course, it's probably also worth noting that government spending is more a product of Congress - not the Presidency, and that spending is a product of programs implemented over a number of years and cannot be directly tied to any one particular Congress. So.... this chart appears to be worthless.

He said the left got lucky. WHAT MORE DO YOU WANT

[LickNeckey]

https://twitter.com/SimonWDC/status/1486714908364324868?t=1DdkiZXJ5oLGTuQeWetbcA&s=09

[sonofdaxjones]

 

The same political movement that lead to charge to get as many things as possible shut down is now bragging about GDP growth.   

[Cire]

OPEN THE COUNTRY FOR BUSINESS

[Dugout DickStone]

goddam