US GDP To Show Massive Growth Not Seen in Decades Just in Time for Election
By: Jack Davis
I thought I’d seed a neat forward looking positive news story that’s actually great for America, the American economy, and we the people. The economy is roaring back in a super V shaped recovery. GDP is roaring back, inflation and interest rates are low, unemployment is getting back toward pre pandemic levels faster than anyone thought possible, housing values are increasing, and the markets are sound. Manufacturing is growing and people are confident that we are not going lock down again. We have a choice between an economic boom again with Trump or a full on depression rivaling the 1930’s if Biden gets in.
S E E D E D C O N T E N T
Jayk7 / Getty Images In the above stock photo, a concept of a gross domestic product economic indicator is shown. (Jayk7 / Getty Images)
America’s economy has come roaring back, according to predictions for next week’s unveiling of the third-quarter figure for the nation’s gross domestic product.
The federal government will officially unveil its figures next Thursday, but Bloomberg , in its survey of economists, is predicting a 30 percent growth, which it labeled “remarkable” as well as a postwar record.
In its reporting, Bloomberg said that it expects the economy to keep growing and that one factor in future growth is that “states are unlikely to reimpose widespread lockdowns even if cases continue to rise.”
Bloomberg noted that consumer spending has risen for four straight months and that the National Association of Home Builders monthly index of builder sentiment is the highest since it began in 1985.
Bloomberg’s forecast is not the only one looking up.
In September, the Bank of America predicted the third-quarter GDP growth will be 27 percent, according to Yahoo .
The GDP Now calculator of the Federal Reserve is even more positive, with a prediction of 35.3 percent growth when it was last updated on Tuesday, according to the Federal Reserve of Atlanta .
Will Democrats halt America's recovery?
In its reporting on the expected 30 percent GDP growth, CNBC noted that the economy has added 11.5 million jobs since May and that confidence is rising.
The Conference Board’s CEO Confidence Index, which measures the percent of positive responses on economic conditions, hit 64 in September after a reading of 45 in August.
The report said 64 percent of those surveyed expect economic conditions to keep getting better.
“CEOs entered Q4 significantly more upbeat than they were earlier this year,” said Dana Peterson, chief economist of The Conference Board.
“Notably, talent shortages eased in the wake of COVID-19 and nearly two-thirds of business leaders said they anticipated little, if any, problems with attracting qualified workers. Nonetheless, uncertainty around the pandemic — and its aftermath — remains a risk to Q4′s newfound optimism as we enter 2021,” Peterson added.
Earlier this month, President Donald Trump said that the recovery could be stalled if Democratic Joe Biden wins the presidential election.
“The policies of the left would unleash an economic disaster of epic proportions,” Trump said, according to CBS .
“The choice facing America is simple: It’s the choice between historic prosperity under my pro-American policies, or crippling poverty and a steep depression under the radical left,” Trump said in a speech to the Economic Club of New York, according to the New York Post .
“Under my continued leadership, we will continue our V-shaped recovery and launch a record-smashing economic boom,” he said.
“We will end the pandemic with a safe and effective vaccine, create 10 million jobs in the first 10 months of 2021, and quickly return to full employment,” Trump said.
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The GDP Now calculator of the Federal Reserve is even more positive, with a prediction of 35.3 percent growth when it was last updated on Tuesday, according to the Federal Reserve of Atlanta .
Will Democrats halt America's recovery?
In its reporting on the expected 30 percent GDP growth, CNBCnoted that the economy has added 11.5 million jobs since May and that confidence is rising.
The Conference Board’s CEO Confidence Index, which measures the percent of positive responses on economic conditions, hit 64 in September after a reading of 45 in August.
The report said 64 percent of those surveyed expect economic conditions to keep getting better.
“CEOs entered Q4 significantly more upbeat than they were earlier this year,” said Dana Peterson, chief economist of The Conference Board.
“Notably, talent shortages eased in the wake of COVID-19 and nearly two-thirds of business leaders said they anticipated little, if any, problems with attracting qualified workers. Nonetheless, uncertainty around the pandemic — and its aftermath — remains a risk to Q4′s newfound optimism as we enter 2021,” Peterson added.
RELATED: Biden Vows To Mandate Masks in 'All Interstate Transportation'
Earlier this month, President Donald Trump said that the recovery could be stalled if Democratic Joe Biden wins the presidential election.
“The policies of the left would unleash an economic disaster of epic proportions,” Trump said, according to CBS .
“The choice facing America is simple: It’s the choice between historic prosperity under my pro-American policies, or crippling poverty and a steep depression under the radical left,”
https://thenewstalkers.com/vic-eldred/group_discuss/10804/us-gdp-to-show-massive-growth-not-seen-in-decades-just-in-time-for-election
So even at a 30% uptick in GDP we'll still be in the negative going into Q4 of 2020.
And we have the left to celebrate that only the China virus could slow the American economic boom and maybe prevent the re election of the President they hate.
It's not a slow economy that will loose Trump the election.
Nope.
There are several factors, not one.
One main one is the advances in technology-- the automation of factories makes more money for corporations, but costs jobs.
(And its not a case of a robot taking a job away from a worker-- some of these robots each can replace several workers. The unions are not too happy with this but of course large manufacturing corporations & their shareholders--love it).
I think its more than one factor. And Trump's blatant mishandling of the Virus is not only killing people but also hurting the economy.
(Although that's not the only thing hurting Trump's chances-- the main thing is that more and more people this con man has fooled for a while are waking up to his true nature).
Trump has NOT mishandled the virus recovery efforts.
It's Democrat governors who are responsible for the shutdowns and lockdowns, resulting in the horrendous job losses.
not to mention the disproportionate amount of deaths...
funny how those are all democrat run states... actually, not really funny at all.
I'm seeing more red states in our future
Nope, the 'president' is responsible for the horrendous job losses, also, all the deaths, over 200,000, are on his hands, those little tiny hands.
did trump do that?
Here are the facts and not the BS you are pushing here.
In Florida, a red state, deaths are at 6351 at long term facilities, which makes it 39% of all deaths in the state.
NY which was hit first, has 6,708 at long term facilities, which makes it just 26% of all deaths
What the DeSantis' excuse? He didn't know what the disease does? Did he do anything to stop the spread in his state? Are deaths still growing at a huge pace?
Oh and let's not forget Texas where the death rate in long term facilities is at 29%.
Trump talking points don't work when the facts are just out there to be found.
Because Florida and Texas would just love to trade their covid stats with those of less significant less populated New York.
Why do you keep peddling such bs after it's been pointed out to you that NY hides nursing home deaths? NY unlike other states, refuses to count nursing home residents who were infected in nursing homes and die in hospitals as nursing home deaths. Moreover, NY refuses to disclose those numbers.
Because NY, unlike other states, is actively hiding the number of nursing homes residents who died from covid, no one can say for sure how many residents died.
To quote one of your elected democrats, "That’s a problem, bro,” state Sen. Gustavo Rivera, a Democrat, told New York Health Commissioner Howard Zucker during a legislative hearing on nursing homes earlier this month. “It seems, sir, that in this case you are choosing to define it differently so that you can look better.”
You do realize that makes no sense.
The bullshit is that NY is hiding their nursing home deaths, Sean. These stats are well known and have been published by the state and confirmed. Do you think the families of these people would not come out and say something by this time? And btw, the last time we had this discussion, you didn't dispute those numbers because the red states that now are doing much worse, were doing better then. How utterly convenient.
Please show me what piece of propaganda says otherwise.
And saving thousands of lives. Oh, I forget, human life is replaceable to a republican.
So the AP is propaganda now?
"Unlike every other state with major outbreaks, New York only counts residents who died on nursing home property and not those who were transported to hospitals and died there."
e w e had this discussion, you didn't dispute those numbers because the red states that now are doing much worse, were doing better then
That's 100% false. I told you then the numbers were garbage and I told you then that Cuomo was hiding nursing home deaths by refusing to count the deaths of nursing home residents that occurred in hospitals.
H
Again, that is an opinion article based on guessing.
First of all, that article is from Aug. Please find that discussion because I am 100% sure it was the other way around since at that time, NY has the worse numbers.
Oh and let me confirm this by a non-profit group that advocates for care in nursing homes. Here are their numbers for NY:
Their number is 6692 deaths in nursing homes. Btw.. these are current numbers.
I realize that I made a lot of sense. Do you seriously believe that big state Texas or big state Florida and their governors would like to trade their wuhan virus case and death stats with those of smaller population New York and its governors?
Are you arguing that blue state governors have lower case and death rates than red state governors do?
Also, if Biden is elected and tries to cram down a national One size fits all big government plan, hows he going to enforce it when the governor of a deep blue state like Californication can’t do it statewide?
California has a much lower mortality rate from COVID than either Texas or Florida.
Because we don’t have a one size fits all plan here like most blue states do. Newsom knew that the more rural oriented and exurban interior red county populations would never really comply so he didn’t bother to try a one size plan. We just got our county back to red because we got ours under control, because our cases were contained and the areas that would have been closed by purple didn’t cause any cases and because we were largely going to defy purple anyway.
Fact remains that CA has a lower mortality rate than Florida or Texas. You can try to spin it any way you want but facts are facts.
In fact, California with a population of 40 million has a total number of deaths of 17,345. Texas with a population of 29 million has 17,988 deaths and Florida with 21 million has 16,416 deaths.
Another fact is that California has fewer cases per 100,000 population than either Florida or Texas.
And another fact is that the top 15 states with the highest cases per 100,000 population are red states.
That is the official numbers from New York, but the truth probably lays with several thousand more deaths than reported. Ask your boy Cuomo why he is hiding the real numbers.
New York’s coronavirus death toll in nursing homes, already among the highest in the nation, could actually be a significant undercount. Unlike every other state with major outbreaks, New York only counts residents who died on nursing home property and not those who were transported to hospitals and died ther
That statistic could add thousands to the state’s official care home death toll of just over 6,600. But so far the administration of Democratic Gov. Andrew Cuomo has refused to divulge the number, leading to speculation the state is manipulating the figures to make it appear it is doing better than other states and to make a tragic situation less dire.
Two days to go to a blockbuster economic report!
The New York Post is correct!
I thought you'd never ask!
The answer is an unqualified YES!!!
given the chance, without a doubt.
That is their intent.
Nope:
Biden, Democratic Victories Would Be Best Outcome For The Economy, Moody’s Says
By any chance Are you familiar with the source? What do you think of the source of this (Forbes on Moody's)?
Those sources are simply wrong. The tax and regulations increases and cutting of energy independence along with more shutdowns will harm the economy. We will be in a depression within a year if Biden wins and democrats gain the senate.
You have got to be kidding? The Western Journal vs Forbes. I'm going to listen to Forbes. I bet the WSJ has the same outcome. Oh wait it does:
Biden’s Tax Plan Would Spur Economic Growth
Wealth would be shared more broadly, and even free-marketeers see the benefit of more revenue.
President Trump promised to cut taxes for middle-class Americans and deliver 10 million new jobs if handed a second term in the White House during his speech to the Economic Club of New York on Wednesday.
“We are going to be cutting taxes further and that includes business taxes, but it includes especially middle-income taxes,” the president said in a live address from the Rose Garden streamed to six of the nation’s nonprofit and nonpartisan Economic Clubs.
The president was pressed on his economic agenda and vowed to deliver a “V-shaped” recovery as the nation continues to stagger amid a coronavirus pandemic that has killed 216,000 Americans, infected 7.8 million others, and shuttered large swaths of the economy.
“The choice facing America is simple: It’s the choice between historic prosperity under my pro-American policies, or crippling poverty and a steep depression under the radical left,” Trump said with just 20 days until the election.
“Under my continued leadership, we will continue our V-shaped recovery and launch a record-smashing economic boom,” he went on.
“We will end the pandemic with a safe and effective vaccine, create 10 million jobs in the first 10 months of 2021, and quickly return to full employment,” he added.
The commander-in-chief blasted Democratic presidential nominee Joe Biden’s platform, claiming he would push through a $4 trillion tax hike that would “raise taxes on 80 percent of taxpayers.”....
......Trump also used his speech to repeat his tough-on-China message, claiming Biden would not take the Communist nation to task for its mishandling of the pandemic.
“China unleashed the virus unto the world — and only a Trump administration will hold them accountable,” he said.
read more: https://nypost.com/2020/10/14/trump-talks-middle-class-tax-cuts-in-economic-club-of-ny-speech/
Joe Biden would have an infrastructure plan, which would mean JOBS, green energy, which would mean JOBS
Where was this 'presidents' infrastructure plan?
What about those tax cuts now? When they're needed? Plus the stimulus checks? Now, when they're needed. How about that health plan he's been talking about for four years?
You have to stop using the NY Post (equivalent to the National Enquirer) as your source. And Faux 'news'
And they likely thought Obama had the most awesome recovery ever instead of the worst in modern history.
Blocked by Schumer and Pelosi who always preferred nothing to a plan that gave less than they wanted. Also they wanted the feds tax payers to pay for all of it and not have a state government and private partnership as Trump wisely preferred.
I will never stop using Fox News or the New York Post or Town Hall etc. and will use third sources to get in stuff you like even less. The days of the alphabet big three networks and the New York Times controlling alll the news we get to see are over. We have an alternative media which we will use when we communicate or dialogue with the other side. Your side must understand that we’d prefer to not communicate or dialogue with the left at all than to have them dictate the terms of how we communicate to us.
We see where relying on Fox News, the NY Post and Townhall have gotten Donald Trump. He is the most factually ignorant U.S president in history.
"I will never stop using Fox News or the New York Post or Town Hall etc. and will use third sources to get in stuff you like even less."
So you'll continue to use right wing propaganda sources, non-trusted sources, and even less trusted sources, got it!
Yet Obama STILL 'created' more jobs than Trump.
Other Trump promises.
Mexico will pay for the wall
New bigly cheaper healthcare plan
A bigly infrastructure plan
Still waiting for those promises to be kept, he's had close to 4 years.
But, we have a space force...
The fact that you and MBFC don’t trust a site is all the more reason to use it. Your reality is not ours. We will not accept your media we do not trust or accept the mainstream media and openly mock it and big tech social media and their gate keepers. We don’t trust your media, will not use it and will break away and have a two America’s media where we use our separate media choices to talk past each other rather than go back to using yours. The divorce between conservatives and Christians and the mainstream media is final and irrevocable.
The Space Force is a great and positive development for America.
When Trump is re elected there is going to be an additional round of middle class tax cuts as well as an indexing of capital gains taxes to eliminate inflation as a source of taxation.
While I like having more money in my paycheck just like everybody else, I would rather that Washington focus on the debt. I believe that the national debt is a national security issue that needs to be addressed. Now the only way they can actually reduce the debt is to pay it down so they (Congress) needs to stop spending money like they are drunk, reduce spending and not reduce the federal income but rather use the excess to pay down debt. I don't believe the total debt should be paid off, we really don't need a repeat of the Crisis of 1837 and the world has become too used to (and dependent on ?) US Treasury bonds. But we should be working to reduce it as eventually the interest money we pay to out on those bonds could be useful here at home.
For years the Republicans have criticized the Democrats for wanting to spend, spend, spend!
Well guess what? All that money they'll spend buys various things! In goes into the economy!
So it helps the economy like nothing else . . .
(It creates jobs which helps both individuals as well as business!)
I agree we should indeed be working toward a balanced annual budget and then begin some principal payment of the national debt as soon as China’s pandemic is done here.
Private sector and individuals spending is always more effective a stimulus than direct government spending. Thus cutting taxes and letting business and individuals spend the money they earned is more effective.
Reagan pressed for a Balanced Budget Amendment, which a Democratic Congress shot down.
WTF???
The latest from the non-partisan stock market site "MarketWatch":
Coronavirus update: U.S. counts almost 100,000 cases in new one-day record; The Lancet says Trump pandemic response is ‘disastrous’
Chris Duncan, whose 75 year old mother Constance died from COVID on her birthday, photographs a COVID Memorial Project installation of 20,000 American flags on the National Mall GETTY IMAGES
The U.S. death toll from the coronavirus illness COVID-19 headed toward 230,000 on Saturday and cases topped 9 million after more than 99,000 infections were counted in a record one-day tally, with infections climbing in all swing states just days before the presidential election.
At least 971 Americans died on Friday. In the past week, the U.S. has averaged 79,833 cases a day, up 42% from the average two weeks ago.
With just three days until the U.S. presidential election, medical journal The Lancet joined other prestigious publications including the New England Journal of Medicine in urging Americans to vote for change.
In an editorial, The Lancet editors outline the “disastrous” U.S. response to the virus that has made it the world leader in case numbers and death counts and the devastating impact it has had on the economy.
And this part especially bears repeating:
. . . the “disastrous” U.S. response to the virus that has made it the world leader in case numbers and death counts and the devastating impact it has had on the economy.
That must be why our economy took a smaller hit than the rest of the western world and why the areas that shut down the harshest and longest are now experiencing the virus returning and hitting them even harder than us.
Nah. 'the Trump' walked through the door on an expanding and growing economy. Trump's only accomplishments in his four year tenure thus far is chaos at the border, chaos at the polls, chaos on everything he touches, illegal child separation and in spite of his best efforts, unable to cripple the US Economy in place for him by the previous Administration.
LAUGHABLE!!! Thank you for the best belly laugh of the day.
This is slightly, no much more applicable.
And it's from that Trump loving organization CNN!
But Trump has lowered taxes, beat the JV Team ISIS, utilized the Obama/Biden built "cages" to temporarily hold illegal aliens for processing until a decision as to what their status would be, created the best economy America has enjoyed in decades, created a much more stable middle east with now four Arab nations recognizing Israel lessening tensions between Arabs and Israel while at the same time marginalizing Iran and it's America hating Ayatollahs.
I can help with more facts if you desire. But I doubt you want facts as opposed to listening to those hate trump voices.
Well said. https://www.instagram.com/p/CGvFosKnF9X/?igshid=11q47p7zgrxmr
Fact less.
so, he uses CNN to source his comments and you call CNN factless?
On the wealthy...
On everyone! The wealthy got the least. I got a $1500 bonus, a pay raise and a $1600 tax cut each of the first two years of the Trump cuts. The rich had to give back part of theirs when they cut the cost of the tax cuts by capping the mortgage interest deduction and the state and local tax deductions at a level only the rich would pay.
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Why do you constantly post those instagram links which no one looks at and those stupid cartoons?
One person opens those links . MAGA does.
Why do liberals put their memes none of us on the right here read on my seeds?
Don't encourage him to stop!!!
Well if he;s wasting his time posting totally ineffective messages-- is that necessarily a bad thing!
(Plus-- if anyone nis curious, it shows us a lot about who he really is...
)
Because while those who have already made up their minds won't read them, those in the center and others who haven't yet made up their mind...do read the links liberals post! (Its just common sense not to waste time trying to "preach to the choir"...
Oh I know you all read them!
A bit late to be believe anybody will believe Trump!
No it’s not!
Biden Just Lost the Fracking Election
Trump clearly won the final debate with Biden.
Sleepy Joe was steamrolled, obliterated, humiliated, and fracked.
Biden seemed to fade as the debate went on. He mumbled and stuttered more. He called the Proud Boys “Poor Boys.” He made a major mistake by claiming he did not want to end fracking and Trump reminded him that he did earlier say he wanted it ended. Biden said it wasn’t true and challenged President Trump to provide the video. Trump was only too happy to promise said video. Biden truly did say he wanted to end fracking and in fact, he wants to shut down the entire oil industry by 2025. This would cause a complete and utter economic collapse. Biden, by trying to please the far left and go along with their ‘New Green Deal,” ends up saying stupid things and contradicting himself. Let’s hope the voters who value their energy jobs were paying attention.
Biden also tried to make a clever quip about Trump being Lincoln and flopped miserably. Trump didn’t claim to be another Lincoln. Rather, he claimed that as president he has helped more black people since Lincoln.
“Lunchbox Joe” tries to come across as a friendly working man who identifies with the middle class and the poor. Just an average Joe. In fact, he’s a corrupt career politician who enriched himself and his family. He has groped women and children. He’s a predator with an avuncular style.
read more: https://www.conservativedailynews.com/2020/10/trump-vs-biden-the-last-debate-ben-garrison-cartoon/
Lets hope they pay attention to their paychecks. A lot of people realize that changing how the federal government works with the oil industry is going to have a great impact on the pocketbooks of average americans, and those who are poorer will be impacted to a larger degree. If subsidies are ended the cost of oil products (like gas/plastics/and many more) all go up. As the price of gas goes up, it's a ripple effect to hit food, shipping, manufacturing, heating your home, electricity... just about everything ... Does anybody think the oil companies are going to just accept the lost revenue? Of course not, it will all be passed along to us and the cost of a lot of things we use everyday will go up.
People can talk all they want about the job boom that can come from renewable energy, but those jobs won't be an immediate replacement and renewable energy won't be an immediate replacement for the oil industry so there is a big window where people are going to pay a lot of money just to live.
Many jobs were lost with the invention of the"Horseless Carriage" (as the automobile was called at the time. Many in the business of manufacturing horsde drawn Buggy's, Buggy whips, etc lost their jobs.
Of course over time YUGE numbers of people gained jobs in manufacturing autos-- and related industries!
Computer technology made many things obsolete = lost jobs. But now there are new opportunities in expanding tech industries(we actually have a shortage of good Software Engineers and Programmers as many American kids* don't want to go into that field. Although due to the shortages of good workers there some of those wages are really high)
* I have quite a few friends in that industry-- and a good number of them are Chinese-Americans and especially Indian (India) Americans. Legal immigrants whose skills are contributing to the economy-- doing the highly skilled jobs many Americans don't want to do!.
You're entitled to your opinion!
Interestingly, almost all the Trump supporters I know think Trump truly won the debate!
(And also interestingly,most of the Biden supporters were sure he won).
My own opinion? First debate hurt Trump. In this one each took a few hits as well as scored a few points. I rate it a tie.
Net effect of this one? IMO not much amongst "undecideds".
You seem to be trying to pretend that coal/oil/gas subsidies are 'free stuff'. Those subsidies don't come out of the ether. Nor do you seem to recognize the environmental and health costs to taxpayers related to those industries.
Oh and BTFW, during the debate, Trump boasted about keeping oil/gas prices HIGHER by making a 'deal' between the Saudi's and Russia so please spare me the BS about how it would effect 'those who are poorer'.
LONDON (Reuters) - U.S. investment bank JPMorgan expects the S&P500 index .SPX to surge to 3,900 points if U.S. President Donald Trump is re-elected in next week's election, calling such an outcome the most favourable for stock markets.
A rise to 3,900 would mark a 12.6% jump from Friday’s closing level.
A clean sweep by Democrats would be “mostly neutral” for markets, JPM said in a note received on Monday, adding:
“We see an ‘orderly’ Trump victory as the most favorable outcome for equities.”
The odds of a “blue wave” have narrowed slightly since mid-October. Former vice president Joe Biden has a substantial lead in national opinion polls, although the contest is closer in battleground states likely to decide the race.
JPMorgan said several of its data gatherings, such as voter registration, Twitter sentiment, point to a “tightening race”.
https://thenewstalkers.com/vic-eldred/group_discuss/10804/us-gdp-to-show-massive-growth-not-seen-in-decades-just-in-time-for-election#cm1442036
Nope. Just commenting that if the subsidies to the oil companies are ended than everything downstream from the oil companies will increase in cost to the consumer. Biden said he wants to move the subsidies to renewable energies so the money sent to the government by the people won't be returned to them but repurposed. so the people will pay more initially. How everything will balance out long term I don't know but in the short term (IMO 3-10 years) costs will increase to consumers.
Or the oil companies COULD instead forego a percentage of the HUNDREDS OF BILLIONS they make in profit.
They could but I really doubt if they will. There are very few companies who would embrace such an action over keeping shareholders happy. We do hear of a handful of companies that return profits to employees but for the most part companies pass along increased costs to consumers except for the ones who go out of business because the competition is so tight they cannot just raise prices and profit margins are too small to handle the increased costs.
Removing subsidies isn't an 'increased cost', it's a decreased profit.
The oil companies could easily absorb the 20+ BILLION loss in profits since, even with low gas prices, their profits are in the hundreds of billions.
wow, I'm fucking agreeing with you. Yes they could easily absorb the loss, but I don't think they will.
Oil companies don’t get special subsidies. They get the same tax breaks available to all American corporations.
It seems that there is no end to things some are sure are facts but are utterly false.
I'm in the oil patch. Doors have been, and are, closing left and right. Biden's plan to stop production, or not stop...depending on which day and what crowd he is talking to, is bullshit. Net zero carbon...bullshit. His plan will have us buying Saudi and Russian oil at far greater prices, because we can't abandon it.
That's market based capitalism.
Nowhere near as much bullshit as 'clean coal'.
He said he will temporarily stop new fracking. Biden said, as have others, that we need to get away from oil dependency. Period
I moved away from PA because our water was flammable and stunk and killed all of our roses,
there was a tiny spring in one pasture that the horses dug into it to create a small clean water pond.
The cows knocked down the gate to get to that water rather than drink anything from pipes in the barn
- eventually the courts let the company stop providing us bottled water.
So we moved to TX and we now have minor earthquakes from nearby fracking.
GM is going EV in a big way. NIckolla, Tesla et all, all up and coming. Fiat & Chrysler going green.
Eventually, certainly not overnight, the need for gasoline and motor oil will drop to nothing.
Eventually domestic oil will be relegated to making plastics
and we will export all of the other crap to 3rd world countries and China.
Really?
That’s the bottom line. Well said.
There actually is some coal that burns as cleanly as natural gas does.
I know this is a request that will never be fulfilled but how about a link for that Xx.
Don't bother waiting, 'clean coal' is just a fantasy. The supposed emission capture systems simply aren't efficient enough to make them financially viable.
"Clean coal is more of an idea than a reality, and many scientists doubt it will ever become an effective countermeasure to the emission of carbon dioxide from fossil fuel combustion."
"Compared with most other fossil-fuel sources of energy, coal is inherently worse from a carbon-footprint perspective, since its hydrogen atoms come bound with more carbon atoms, meaning that coal starts with a higher carbon-to-hydrogen ratio than oil, natural gas, or other hydrocarbons."
Yes DP, any thinking person knows that to be a fact. Alas...
But clean coal sounds so refreshing ... kind of like Coca-Cola. Interestingly, clean coal is as bad for the environment as Coca-Cola is for the human body.
This doesn’t involve the more rare form of naturally clean coal but technology can make plain coal burn as clean as natural gas.
https://www.google.com/amp/s/reason.com/2017/06/09/coal-as-clean-as-natural-gas/%3famp
rare form of naturally clean coal
It’s rare alright - as rare as Bigfoot, leprechauns, and compassionate conservatives. Scraping off mountain tops and sending poor humans into deadly, dusty caves to unearth caustic material that Mother Nature has safely tucked away is a dated technology that needs to die. Harvesting sunlight, wind, and wave energy and storing the surplus energy in advanced batteries is light years ahead of environmentally destructive practices. And please don’t bring up fucking birds. Birds fly into everything.
Like all of Trump's towers...
Myth.
Laffer, an informal economic adviser to President Trump, including on COVID-19 response, said the Q3 bounceback wouldn't have been possible without strong economic fundamentals.
"COVID-19 hit the U.S. economy, and [prior to the outbreak] the U.S. economy had the lowest unemployment rate we had since 1959," Laffer said. "It had the longest period of expansion in, I think, U.S. history. So, when it hit the economy. I mean we were in as good a shape as possible to absorb that. Imagine what would have happened if it hit in the middle of the Great Recession or some other time. It would have caused a lot more damage."
Laffer said compared to Europe and other developed nations, the United States has recovered more quickly in part, he believes, because the federalist model of flexible, decentralized government with power exercised at the state level allowed for a more rapid economic reopening in areas that were less at risk of intense COVID outbreaks.
According to economists from global accounting and financial consulting giant Deloitte, GDP in the United States is set to contract by 6.4% in 2020 and by 1.7% in 2021. However, Deloitte estimated that the U.S. contraction in in 2020 would be the second mildest (behind only Japan) among G7 nations, with all the other countries — Canada, France, Germany, Italy, the U.K. — estimated to take a harder hit.
COVID-era G7 economic data
(Deloitte Insights)
Brooke Rollins, White House acting domestic policy chief, told "Just the News AM" television show on Wednesday that the record Q3 numbers were only made possible through a Trump administration tax and regulatory framework which had already proven itself with record-low unemployment figures among African-Americans, Latinos, women and other groups.
While acknowledging that federal stimulus packages like the CARES Act "had something to do with keeping people's food on their table and in their homes" pending the "incredible comeback of our economy," ultimately, Rollins said, "the real success story here is what President Trump built over the last three and a half years."
read more: https://justthenews.com/nation/economy/new-q3-economic-numbers-expected-show-record-growth-best-ever-recovery-us-economists
Our water was like that before any wells were drilled in our area.
The cows knocked down the gate to get to that water rather than drink anything from pipes in the barn
We had that problem too, found out it was a bad electrical system ground, imagine getting on all four, bare footed and bare hands, an sticking your nose in water with a bad ground, I am sure it would get your attention and you weren't going to do that again and thirst will drive you to finding another source or take the pain.
Eventually domestic oil will be relegated to making plastics
Would there be enough profit in that without selling all the byproducts from refining like propane and gasoline, speaking of which, what are we to do with the byproducts, dump them in landfills, pump them back into the ground.
True, had that issue way back, same with fish tank in the house.
How could you read that far down and miss the last line?
Like, where we ship almost all of our kerosene now, China.
Sorry, thought you meant plastic crap like they sell us now. I guess they can burn it, there is no CO2 and pollution problems there and it wouldn't affect us here anyways./s
I think we sell all of our coal to China, Japan Korea and SE without worrying about which way the wind blows.
We think the oceans protect us, then see visible dust from Africa.
Or lack thereof!
The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release by estimating GDP growth using a methodology similar to the one used by the U.S. Bureau of Economic Analysis.
GDPNow is not an official forecast of the Atlanta Fed. Rather, it is best viewed as a running estimate of real GDP growth based on available economic data for the current measured quarter. There are no subjective adjustments made to GDPNow—the estimate is based solely on the mathematical results of the model. In particular, it does not capture the impact of COVID-19 and social mobility beyond their impact on GDP source data and relevant economic reports that have already been released. It does not anticipate their impact on forthcoming economic reports beyond the standard internal dynamics of the model.
Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet. You can also view an archive of recent commentaries from GDPNow estimates.
Please note that as of June 5, we no longer support the GDPNow app. Download our EconomyNow app or go to our website to continue to get the latest GDP nowcast and more economic data.
Latest estimate: 35.3 percent — October 20, 2020
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2020 is 35.3 percent on October 20, up from 35.2 percent on October 16. After last week's Monthly Treasury Statement from the U.S. Department of the Treasury's Bureau of the Fiscal Service and this morning's housing starts report from the U.S. Census Bureau, the nowcast of third-quarter real residential investment growth increased from 46.8 percent to 50.3 percent.
The next GDPNow update is Tuesday, October 27.
read more: https://www.frbatlanta.org/cqer/research/gdpnow
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We see in this graph that the GDP plummeted in the 2nd quarter of 2020. That is the long black bar below the horizontal line on the right side of the chart. Then we see next to it a blue bar that extends taller than any of the others. That is the third quarter projection. Although it is large, it is smaller than the 2nd quarter fall. So , even with this "record breaking" percentage increase in the GDP it is still down.
If you have a bucket with 5 gallons of water in it and you pour out 4 gallons you have one gallon left in the bucket. If you then add a gallon of water to the bucket you can truthfully say that the water in the bucket increased by 100%. But you still have three less gallons in the bucket than when you started. Same principle here with the GDP.
Every so often I go there and return fire.
This is a pure V shaped recovery. Many experts thought we were going into a 1930’ s style depression but with more safety nets than then and that it would take a decade to recover all the lost jobs. Instead we get the shortest recession possible though a sharp one at the two consecutive negative GDP quarters and a recovery only Trump and his closest economic advisors thought possible.
To say this is a record breaking GDP number is highly misleading. It is record breaking only because the previous figure was so low.
I take note you never have applied those same "principles" to unemployment numbers and job creation.
gee, I wonder why.............................................................NOT!
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Are those two joining Sneezy, Grumpy, Bashful, Sleepy, and all of the other Dwarfs . . . so that now we'll have 9 Dwarfs in all?
The huge crowds chanting “we love you” or “we love Trump” says otherwise at his huge rallies.
At his superspreader 'rallies'?
That hasn’t been happening. It’s interesting to note that events where people gather are only called super spreaders when those gathering do so for reasons the left opposes while the gatherings they sanction are more important than the disease.
Better check the news and hospitals in Wisconsin that can trace the influx of COVID patients straight to Trump rallies.
Indeed.
And "I can tell you this": -- "Many people are saying" that since Trump has had the Virus, he's now indeed a "Super-spreader"-- both at his rallies as well as inside the actual White House!
I can tell you that 
But then again, there's no cure for Stuck on Stupid!
Here is some reality for you.
Renewable Energy Job Boom Creates Economic Opportunity As Coal Industry Slumps
There’s a difference between taking up some of the slack from less domestic use of coal that is also being replaced by cheap cleaner burning natural gas and trying to use it to replace ALL use of coal, oil, and natural gas in our economy. Also present growth in wind and solar is reasonable and market driven. Setting an arbitrary date to shift off of one source to the other in full is simply economic stupidity.
I can see you didn't read the link. If you had you'd have made a more sensible comment.
Actually I did but the fact is that a broader change than coal affects other things like the environmental costs of raw earth materials to build the panels and turbines, and the greenhouse gases don’t to manufacture these things and then the disposal of them when they wear out. Then there the cost to animal and plant life of vast solar panels and the sound effects and the effects of the turbines on birds.
3 to 1 in jobs favoring renewable energy.
Renewable sources of energy is the future.
Coal, drilling for oil, fracking all affect the environment.
And it will also be a major job creator!
And they will come in time as the markets demand it. Getting rid of clean burning natural gas as a power source in the next 20 years would be unnatural and not at all market driven. The prices of solar and wind sources of power are coming down as per market forces. Trying to kill off other power sources prematurely and rushing others along only causes massive job losses and increases the price of the replacement power sources. Obama heavily subsidized renewables to the extent that the more control government had in these subsidized companies the more private investors bailed out. I know that when Obama became President I sold all my clean energy funds and went all in on pipeline, oil, gas companies. The stuff government subsidized went bankrupt and the rest boomed. Shortly after Obama left office I bought back in to a clean energy etf knowing there wouldn’t be massive government involvement anymore.
at what cost?
replacing millions of jobs lost with new people selling more expensive energy sources?
the result will be
not to mention
good luck selling that
What kind of jobs?
Thanks! Well said!
We know that they want to get rid of the highest paying blue collar jobs in our economy.
Good point!
Actually Installing Wind farms and Solar Panels (as well as workers in plants manufacturing the new energy-efficient cars) will only be done by White Collar workers-- all the highest paying (unionized) blue Collar workers doing the actual physical labour will be gotten rid of!
/sarc.
Joe Biden's infrastructure plans will create many jobs, as will renewable/green energy.
shovel ready jobs and more expensive renewable energy.
where have we heard that before?
What plans?
Here's a hint for you, Obama is not running for President, Joe Biden is.
You have no clue as to renewable energy being more expensive.
Are you speaking to the current 'president'?
obiden is using the same plan as obama did. and it failed.
are you suggesting after 47yrs in politics, obiden suddenly has new ideas? LOL
Obama succeeded at getting elected and reelected. How was that a failure? Is the conservative world so upside down that you actually believe that Obama failed to win?
never seen that in beverly hills before
it will be epic
Who cares what that loser/has been Scott Baio has to say?
what did he say? he did not say anything one way or another.
but a picture? worth a thousand words.
Scott Baio Slams Happy Days Democratic Fundraiser Reunion: 'I'm Not on Board'
"I don't believe in socialism or Marxists,'" Scott Baio said, explaining his reason for not being "on board" with the reunion featuring Ron Howard, Henry Winkler and more.
The loser/has been WASN'T INVITED.
what exactly does that have to do with the picture scott posted?
I can't see your stupid twitter post.
What does your stupid twitter post have to do with what I posted?
President Obama was very successful.
Your 'president' fucks up everything he puts his tiny little hands on. Except lining his and his wealthy benefactors pockets.
as for the twitter comment? I was talking to the kraken - not you.
why not? do you live in china also?
Absolutely nothing! There have been large Trump events like this in the most unlikely of places lately. We had a pro Trump event in that state too yesterday in Chico and Redding.
HInt - in a public forum, we can comment to whoever, despite whoever you posted to
Plus this is what pops up when I clicked on your stupid twitter post
You mean his superspreader 'rallies'
that only means you can not post...
as far as I know, no account is required to view tweets. but maybe I am wrong.
sure, but pretending that reply was to you? is kind of silly.
You are correct. I have no Twitter account and can view twitter content but not post. I have a Parler account instead.
Nonsense.
If you were aware of trends in technoloy you would know that over time it advances-- rapidly now-- and becomes cheaper!
For example, for a while Solar Panels were not being widely apapted-- the cost was much to high! But over time they are being adapted on a much wider scale!
Why?
Simple-- it was a new technology and as is the case with most new technologies, the cost was very high. And as is the case with new technological developments, the cost continues to decrease.
(As anyone at all familiar with the topic is well aware!!!)
OMG!
Don't tell em that you are one of those so-called "Parlour-Pinks" we hear so much about!
(A colourful use of language, similar to the term "Champagne Socialist", "Limousine Liberal", etc)
Just more silly wordplay to breighten your day
US GDP To Show Massive Growth Not Seen In Decades Just In Time For Election
Fake News!
Pure conjecture.
(BTW a lot of the smarter traders [Stock market] I know or lightening up, reducing their exposure to stocks in expectation of a significant downturn). As am I.Sure a lot of the inexperienced kids on Robinhood have no idea what they are doing, and taking serious risks. And short-term that sometimes moves markets. But, asa the saying goes,:
House Built on a Weak Foundation Will Not Stand">
Of course, as a famous Yogi Guru once said:
Prediction is difficult...especially about the Future.
-Yogi Berra
A major market correct before the Election is no certainty--- but my research indicates the odds of that are increasing.
Well if Biden is elected, I’m not sticking around in the stock market to find out. I’m bailing out. I’ll keep muni bond funds because blue state bailouts will happen along with some infrastructure. I’ll keep us government bond funds because the deficit is going to skyrocket and they might as well owe some of it to me. And I’ll keep precious metals because the volatility will make those rise. The rest will go to cash and I’ll hang on to what I have until I retire. If Trump is re elected I’ll dip into cash to buy more stock exchange traded funds with an age appropriate risk level.
The stock market has long since factored in the likelihood of a Biden win. The changes you see in the market have little to do with who is PotUS.
Government bonds? You might as well put your cash under your mattress.
Some cash is good to enable one to act on market opportunities but too much cash is ill-advised. If one is not making their money work for them their money is diminishing in value.
You forgot where I mentioned municipal bond funds and precious metals both fund and physical.
I did not forget, I commented on your mistakes.
At my age it’s not a mistake to have a portion of a portfolio in cash and bonds. Besides there will always be foreign markets that remain more free market than ours and I have ETF’s that reflect the markets of some 10-15 other country stock markets and I never said I’d sell those. The ones that remain more openly free market and capitalist than ours might get some of that money though I’ll never invest in Russia or China which will never be truly free.
Depends on how much. I stated that some cash is good and offered the reason why. I am not going to repeat, my advise is in the prior comments.
LOL! Good for you!
(Its folks like that that let their emotions rather than reason and knowledge of how the market works determine their stock trades. And as a trader, on one level I'm grateful for people like that--in this case they would sell good stocks which lowers the price-- which would make it more profitable for me to buy them!
So I encourage to sell all your holding in that case! (Hopefully you and many other Trump supporters willdo that-- and some of the high flyers I've been wanting to buy will "go on sale"!
And, as a loyal Trump supporter-- will you be leaving the country as well?
Exactly.
There was a time when a "balanced portfolio" consisted of stocks and bonds. But recently they are a bad invest-- they used to pay good rates, but now rates they pay are so low....(same phenomenon as saving bank interest...even money market).
Mny smart investors are buying stocks that are often referred to as "Bond equivalents"-- that means that they are relatively safe -- and also pay high dividends.
(And over time if you DRIP the dividends on stocks paying 5%, 7%, or more..you'll do surprisingly well.
There’s only six trading days left until Election Day. As long as regular investors as opposed to market players have hope Trump will pull what he did in 2016, we’ll hold out as long as we have hope. If Trump had been blown out at the debate and not fully recovered from illness and not having huge crowds and high energy for car and boat parades and impromptu events for him he’s not at, then I’d have been beginning to dump the market on Monday.
bidens buyers remorse is setting in already... LOL
im thinking people like our newly found energy independence.
I just filled up the gas tank at 1.66 per gallon. the lowest gas has been since the late 80's
ummmm make that late 90's
I need my eyes checked... LOL
Lucky you. The cheapest gas I can find is $3.07 a gallon. That’s for 91 premium though as that’s what my car runs on. The cheapest 87 unleaded here is $2.86.
could be worse....
I have the advantage of location. corpus christi is a huge refinery city.
relatively nothing in transportation costs to get the gas to the pumps
$1.63 is our lowest at the moment.
between lost jobs and the resulting lost economic activity, joe ending / moving away from fossil fuels would put half this city out of work.
That’s their plan. Boom the two coasts but not the third and hollow out the middle of the country while giving the heartland fentanyl to replace the jobs they re send to China.
What the huh?
Good for you. Certainly doesn't work that way in California. Gas prices here are MUCH higher, even if you live next door to the refineries in Richmond, Martinez, Benicia, Wilmington, El Segundo, Carson, Torrance, or Bakersfield.
That’s because a majority of California politicians all in the states majority truly suck. As do their policies. As does the parts of the state that they are from.
Probably best if I simply say, "No comment".
There’s only six trading days left until Election Day. As long as regular investors as opposed to market players have hope Trump will pull what he did in 2016
The really smart traders have now more or less discounted a Biden win..
OR
Even those that haven't have begun to realize that spending will pick up under Biden-- quite possibly more than under Trump who's been spending "like a drunken sailor". And all that money going into the economy under Biden and the Dems will be good for the market!
Since the "Trump Virus" has been spiking, both trump and Biden want more spending, hence more stimulating of the economy. The main difference will be in the proportion of spending they allot to different sectors...but both will spend more (well trump wants to..but many Republicans {who are true Conservatives} oppose Trump's stimulus ideas...)
Actually it may not be so much what "Trump pulls off" this time as he did in 2016-- but "what Hillary doesn't pull off" as happened in 2016! There's a significant difference between Hillary and Biden -- the opinions of the two amongst voters.
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US GDP To Show Massive Growth Not Seen In Decades Just In Time For Election
"JUST IN TIME FOR THE ELECTION WATCH":
Dow drops 900 points on mounting concerns over the coronavirus and the global economic recovery
So what do you think of that ("just in time for the election") news, homie?
Some quarter of quarter math trick cannot alter the fact that except for the very wealthy Americans are hurting right now. Jobs are scarce and nobody feels safe. Covid-19 still rages and even the artificiality sustained financial markets acknowledge we are truly into a deep recession that needs actual leadership to get out of. Smoke and mirrors won't work. Vote Democratic if you want real prosperity.
...for Communist China!
I assume you are referring to Trump's (previously secret) bank account in China, and the money he deposits there to help the Chinese economy and to assist the good fortunes of his very "Dear Friend" Chinese President Xi?
Well the numbers are out and are better than the highest hopes and expectations. Great news for America!
Exactly. Until we know the facts-- the speculations say "so far so good".
But when the actual facts, the true facts (not the "alternative facts") come out-- look out beloew!
(I'm not selling everything, but I've been continually trimming my stock holdings for a while now...due to a large part to the ever increasing spread of the "Trump Virus".
'The numbers' from the U.S. Bureau of Economic Analysis:
Real growth in GDP is never a good look for Republicans.