The White House’s budget goes from unrealistic to innumerate

[captain_kook]

Every single one of Obama's budgets assumed a 4% growth rated in GDP!

baloney

[D2D]

Every single one of Obama's budgets assumed a 4% growth rated in GDP!

Prove me wrong!

Quotes and links, please!

[wvit1001]

d2's full of bullshit.  d2 doesn't even try to mount a good argument.

[captain_kook]

Former President Barack Obama's expectations for growth
were in line with accepted economic views at the time. Here's why:

When Obama became president in 2009, the economy was stuck in the Great Recession.
The gross domestic product had plunged 2.7 percent in 2008.
It fell further in 2009. So Obama's economics team figured that the economy
would naturally rebound at a stronger pace than its average growth rate_
the kind of acceleration that had previously happened coming out of downturn.



Obama's first budget in 2009 estimated growth would be above 4 percent in 2011, 2012 and 2013.


Then it would then settle into an average growth rate of 2.6 percent starting in 2015.


That isn't that far from separate estimates by the Congressional Budget Office
that expected growth to average 4 percent from 2011 to 2014,
before reverting to a 2.4 percent average.



Trump's budget is more ambitious than Obama's, rosy but thin on rationale for the optimism.





 It anticipates shifting growth above 3 percent,
much higher than Obama's anticipated long-term average of 2.6.


Average growth has declined from its averages in the decades after World War II
because fewer workers are entering the economy
— largely a reflection of the aging baby boomer population
that's starting to retire.

Productivity gains have also been poor in recent years,
limiting how much the economy can expand under Trump


https://www.usnews.com/news/business/articles/2017-05-24/ap-fact-check-budget-chief-slams-obama-growth-forecast

[D2D]

Wow, an article written by a biased Democrat with no citation of supporting information such a links to the Obama proposed budgets!

Not much of anything!

[captain_kook]

Your claim was baloney.

Wrong.

Incorrect.

Bullshit.

[wvit1001]

so far all I've ever seen from you is bullshit d2.

[D2D]

http://www.newsbusters.org/blogs/nb/tom-blumer/2017/05/26/media-which-ignored-absurdly-rosy-obama-era-growth-assumptions-now

http://www.bizzyblog.com/BUDGET-2010-BUD.pdf

http://bizzyblog.com/BUDGET-2014-BUD.pdf

https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/budget.pdf

[captain_kook]

so you proved your claim wrong again

[D2D]

Kook, I cannot dumb it down any further for you!

If you still cannot understand what I posted there is no hope for you!


Do you ever think and read before responding?

[Truman62]

All the rest if us do, but YOU and your ilk do not seem to read or comprehend anything!

 

[D2D]

Proving Democrats intentionally wallow in ignorance!