schlimm JPS1 Although the President of the United States can influence legislation to help stimulate economic growth, a growth rate of 6 to 7 percent does not appear doable in the near future. Just campaign hype with near zero chance of happening, much like "a chicken in every pot." A growth rate of 6-7% within a year or two might well cause hyperinflation.
JPS1 Although the President of the United States can influence legislation to help stimulate economic growth, a growth rate of 6 to 7 percent does not appear doable in the near future.
Just campaign hype with near zero chance of happening, much like "a chicken in every pot." A growth rate of 6-7% within a year or two might well cause hyperinflation.
It certainly had zero chance of happening during the last eight years. There are a lot of people who want to go back to work. The right policies can make it happen.
JPS1Although the President of the United States can influence legislation to help stimulate economic growth, a growth rate of 6 to 7 percent does not appear doable in the near future.
C&NW, CA&E, MILW, CGW and IC fan
What a great country!
It can't see lot of shift back to coal from natural gas. Oddly enough in Ohio, first energy is asking the the state of Ohio to RERegulate It's business. It's coal fired and nuclear plant so it can raise its rates to cover the cost of operating these inefficient plants. These plant can not compete against effiecent gas fired plants. If the state will not return to regulating the energy prices, first energy plans to sell or close the plants and become only a distributer of power, buying it on the open market, costing 3200 jobs.
I think you will the same issues when you try to force manufacturers to close overseas operations. One thing is true, sad as it is that we depend on foreign sources for low cost goods. If this happens get ready for higher prices for a unintended consequence. Just like in Ohio with the on going coal vs natural gas issues.
Trevor Noah pulled up this tweet from Donald Trump from 6 Nov 2012 at 8:45 PM:
"The electoral college is a disaster for a democracy."
_____________
"A stranger's just a friend you ain't met yet." --- Dave Gardner
dehusman Euclid I expect 6-7% growth rates within six months. Do you live in one of those states that just legalized pot? You seem to have enhanced optimism.
Euclid I expect 6-7% growth rates within six months.
Do you live in one of those states that just legalized pot? You seem to have enhanced optimism.
I don’t buy the nonsense of 1-2% being the new norm. We need at least 5% to provide jobs for everybody who wants one.
A president can influence the stimulation of economic growth, but can also influence the repression of economic growth. In my opinion, we have just switched from the latter to the former (in the extremes of each), so that is a double reason to expect dramatic growth.
EuclidI expect 6-7% growth rates within six months.
Dave H. Painted side goes up. My website : wnbranch.com
The original framers didn't want "parliment" to select the president, and since counting individual ballots was not a good option in the 1700's, they set up a system where the people elect representatives whose specific task is to select the president. We elect representatives to create our legislation, same process was replicated to choose a president.
Is that method outdated today? Maybe. From a technology standpoint we could count actual votes fairly quickly. On the other hand, its pretty tough to "hack" 400+ people. The electoral college is in one way the ultimate backstop against nefarious interference.
tree68I'm 6'5". I fit better in trucks. Besides, the back of my truck has been referred to as "Home Depot." I like to have "stuff" with me.
I'm working now on the right version of a hybrid diesel truck. Ford built a rather good parallel-hybrid Excursion (that apparently suffered only from the problem with all Excursions that it wasn't front seat, back seat, eight-foot bed that we were waiting the 20 years for) and there are significant things that a properly-built electric motor pair can do for diesel engine flexibility, economy, and critical measures of pollution. While retaining high effective torque.
In the '70s we modified a Lehman-Peterson limousine with a Karman transmission and sleeved-down diesel Rabbit engine. There is no reason why a 7800lb vehicle can't make over 60mpg sustained cruise, without costing much more than ... well, than the overpriced agio you pay for 3/4-ton cowboy Cadillacs right now. Expect them to hold their resale value longer, and be easier to maintain in full running condition, too.
"I expect 6-7% growth rates within six months."
According to the Congressional Budget Office (CBO), Table 2-3, Key Inputs in CBO's Projections of Potential GDP, the average annual GDP growth rate from 1950 to 2015 was 3.2 percent. The average annual growth rate was 2.5 percent from 2002 to 2007 and 1.5 percent from 2008 to 2015.
As of May 2016 CBO was projecting an annual GDP growth rate of 1.7 percent from 2016 to 2020 and 2 percent from 2021 to 2026.
The CBO’s rates are after adjustment for inflation and represent the real growth in the economy as opposed to the nominal growth.
Although the President of the United States can influence legislation to help stimulate economic growth, a growth rate of 6 to 7 percent does not appear doable in the near future.
Rio Grande Valley, CFI,CFII
The Electoral College was with us since the Constitution. All the 12th Amendment did was have the President and VP run as a team, with distinct and separate votes for each office. It prevented the problems of 1796 and 1800.
BOB WITHORNThe electorial college is not something new. We are not suddenly doing something unfair. It was the 12 Amendment to the Constitution in June 1804. It allows smaller states to have a say in the elections.
It also isn't 1804 anymore. While the electoral college had its place at one time, I would argue those times have come and gone.
Next can we get the primaries all on the same day for 50 states? Letting Iowa and New Hampshire decide the candidates is pure BS.
It's been fun. But it isn't much fun anymore. Signing off for now.
The opinions expressed here represent my own and not those of my employer, any other railroad, company, or person.t fun any
[quote user="tree68"]
ACY Of course, that would also mean that everybody's vote counts equally. We can't have that, can we?
While I agree in principle, that four million vote margin would render the votes of some states like those on the northern plains irrelevant. Considering the diametric difference in the philosophies of North Dakota and Los Angeles, well, you get my drift.
Exactly TREE.
The electorial college is not something new. We are not suddenly doing something unfair. It was the 12 Amendment to the Constitution in June 1804. It allows smaller states to have a say in the elections.
ACYOf course, that would also mean that everybody's vote counts equally. We can't have that, can we?
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
Gramp Glad for the electoral college. Otherwise, the top metro areas would rule everybody else.
Glad for the electoral college. Otherwise, the top metro areas would rule everybody else.
How dare we have a government run by the people...
Of course, that would also mean that everybody's vote counts equally. We can't have that, can we?
Tom
Gramp Glad for the electoral college.
Glad for the electoral college.
Enjoy it while it lasts.
wanswheel blue streak 1 And now we find out that the pres elect received less popular vote than opponent ?????? About 200,000 difference according to latest AP tally. http://interactives.ap.org/2016/general-election/?SITE=APQA
blue streak 1 And now we find out that the pres elect received less popular vote than opponent ??????
And now we find out that the pres elect received less popular vote than opponent ??????
About 200,000 difference according to latest AP tally.
http://interactives.ap.org/2016/general-election/?SITE=APQA
What's really interesting is that it took 3/4 of the country to make up for the 4 million votes by which Clinton won NY and CA (combined). And in NY, the only counties voting for Clinton were the major metropolitan areas - the rest of the state was red.
zugmannBecause he likes trucks.
I'm 6'5". I fit better in trucks. Besides, the back of my truck has been referred to as "Home Depot." I like to have "stuff" with me.
I guess we're bucking the trend. Sold our Saturn SUV, and got a '16 Prius 2 a couple months ago. This Prius isn't an appliance anymore. More bells and whistles than I need. Change is 19mpg city actual with SUV to now 51mpg city actual with Prius so far. I can see it will be hard to go to less mpg on future vehicles after this one. My real reason for change is I'm tired of supporting OPEC barbarians. (I understand the tail wags the dog). This is my teensie way of causing change. I don't want a plug-in that just ends up driving up electricity demand (cost) either.
I'm now making plans to change out our other SUV, Volvo 17mpg city actual. This won't be as small a vehicle as the Prius we got, but one thing's for sure, it's not going to be made in China (Buick, Volvo).
If the Russia, Saudi, Iran junta are successful in driving up oil prices, I've mitigated my cost some. If not, that's fine, too.
CMStPnP I had to shift to a SUV myself because Buick stopped making the large Lucerne and tried to convince me the LaCrosse was just as safe. Goodbye Buick.
New Lacrosse did better with IIHS tests than the Lucerne.
I just find it silly that people use a few cents less per gallon of gas to justify whether to buy a $40,000+ truck or not. But since all anyone ever cares about are the payments, I'm not surprised. I don't get the small SUV/CUV craze though. Boring vehicles that epitomize the worst qualities in both cars and trucks.
Zug. Who has two trucks. Because he likes trucks.
BaltACDYep - it started today! https://www.yahoo.com/news/gm-suspends-third-shift-2-170956165.html?ref=gs As I recall - in the months prior to the 2008 election all business desired to do was announce closing this factory, shutting down that plant - 1000 jobs here, 2500 jobs there - day after day after day with unemployment reaching nearly 10%. The last round of GOP economic management didn't end too well. The GM announcement is not getting Trump off to a good start.
Thats more related to the price of fuel and it being abnormally low and Americans shifting back to larger cars and SUV's. Oops, GM doesn't make larger cars anymore.........whose fault is that? Oops again, CAFE standards set by the Feds. I had to shift to a SUV myself because Buick stopped making the large Lucerne and tried to convince me the LaCrosse was just as safe. Goodbye Buick.
Foriegn Manufacturers can get around CAFE by balancing their American plants against their offshore plants. You can blame Congress for that loophole as well because CAFE should apply in full regardless of where your manufacturing plant is and it should apply as it does to U.S. Manufacturers to the full line of cars and trucks each Manufacturer produces.
"Last month, 61.6 percent of U.S. new vehicle sales were trucks and SUVs, according to Autodata Corp. That's a record that is likely to be broken said Jeff Schuster, senior vice president for forecasting at the consulting firm LMC Automotive.
Because of the shift, it's likely the GM layoffs won't be the last at auto factories that build only cars in the slowing compact, subcompact and midsize segments, Schuster said. "It's not inevitable but the likelihood is certainly higher," he said.
Americans have been moving away from cars toward trucks and SUVs for several years now as gas prices have dropped to near $2 per gallon and the larger vehicles have become more efficient. Baby boomers and young people are attracted to smaller SUVs because of their cargo-carrying ability, high seating position and visibility."
So chalk this one up to the Left Wing in this country trying to legislate higher per car fuel economy in the United States by applying regulations only to U.S. Manufacturers via line of cars sold here and letting the foriegn Manufactures dodge around the regulation.
Euclid tree68 tomikawaTT Remember, too, that there is a HUGE bureaucracy below that pinnacle on the pyramid. There's no question that a president can affect changes, but it's not like there will be this huge change on Inauguration Day. Life will go on. I think the change for business and the economy begins today. It does not have to wait until Inauguration Day. Business knows will soon have a friend in the Whitehouse. Change does not entirely depend on the president taking official action. Lots of businesses expect things will improve because of the change in leadership, and they will be in the mood to invest, thus boosting economic activity. That change in mood begins today. And because the economy has been held down for so long, it will rebound with a vengeance. I expect 6-7% growth rates within six months.
tree68 tomikawaTT Remember, too, that there is a HUGE bureaucracy below that pinnacle on the pyramid. There's no question that a president can affect changes, but it's not like there will be this huge change on Inauguration Day. Life will go on.
tomikawaTT
Remember, too, that there is a HUGE bureaucracy below that pinnacle on the pyramid. There's no question that a president can affect changes, but it's not like there will be this huge change on Inauguration Day. Life will go on.
I think the change for business and the economy begins today. It does not have to wait until Inauguration Day. Business knows will soon have a friend in the Whitehouse. Change does not entirely depend on the president taking official action. Lots of businesses expect things will improve because of the change in leadership, and they will be in the mood to invest, thus boosting economic activity. That change in mood begins today. And because the economy has been held down for so long, it will rebound with a vengeance. I expect 6-7% growth rates within six months.
Yep - it started today!
https://www.yahoo.com/news/gm-suspends-third-shift-2-170956165.html?ref=gs
As I recall - in the months prior to the 2008 election all business desired to do was announce closing this factory, shutting down that plant - 1000 jobs here, 2500 jobs there - day after day after day with unemployment reaching nearly 10%. The last round of GOP economic management didn't end too well. The GM announcement is not getting Trump off to a good start.
Never too old to have a happy childhood!
tree68 tomikawaTT Note, too, that the POTUS can't do ANYTHING unless Congress goes along or appropriates the money. Remember, too, that there is a HUGE bureaucracy below that pinnacle on the pyramid. There's no question that a president can affect changes, but it's not like there will be this huge change on Inauguration Day. Life will go on.
tomikawaTT Note, too, that the POTUS can't do ANYTHING unless Congress goes along or appropriates the money.
tomikawaTTNote, too, that the POTUS can't do ANYTHING unless Congress goes along or appropriates the money.
"May you live in interesting times." ancient Chinese curse.
I suspect that we're in for an interesting four years.
Note, too, that the POTUS can't do ANYTHING unless Congress goes along or appropriates the money.
Since POTUS-elect is a climate change denier, expect coal traffic to at least partially recover. OTOH, ethanol may dry up.
Chuck (independent)
Our community is FREE to join. To participate you must either login or register for an account.