Get Ready for Tom Brady Class Growth Numbers that’ll make 3% look Roetlisbergerish

by Datechguy | December 22nd, 2017

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Get Ready for Tom Brady Class Growth Numbers that'll make 3% look Roetlisbergerish

The best way to descrive the effect of the tax cut bill that just passed will have on our already improv­ing econ­omy is to think of it as the dif­fer­ence between Steel­ers QB Ben Roeth­lis­berger and New Eng­land Patri­ots Quar­ter­back Tom Brady.

By any stan­dard Ben Roeth­lis­berger is a great quar­ter­back. His stats are impres­sive. He has thrown for over 4000 yards five times, has thrown 25 or more touch­downs a sea­son seven times, had sea­sons with a QB rat­ing over 100 three times, thrown less than 10 inter­cep­tions a sea­son 4 times. Count­ing this sea­son He has led the Steel­ers to ten play­off appear­ances, seven divi­sion titles and two Super Bowls both wins.

Any com­pe­tent list of elite NFL quar­ter­backs over the last decade includes him and in dif­fer­ent era a cred­i­ble case could be made for list­ing him as said era’s top Quarterback.

But unfor­tu­nately for Big Ben this isn’t another era. It’s the Tom Brady era and as excel­lent as Roethlisberger’s stats are they pale before Brady’s. Tom has thrown for 4000 or more yards 9 times (over 5000 in 2011) He has thrown 25 or more touch­downs 13 times (includ­ing 50 in 2007) , ha sea­sons with a QB rat­ing over 100 6 times (three sea­sons over 110), thrown less than 10 inter­cep­tions a sea­son 7 times (only 2 last year)

And of course count­ing this sea­son Tom Brady has led the Patri­ots to the Divi­sion every sin­gle year (15 sea­sons years) but one (2002) and has taken his team to the Super­bowl seven times win­ning five.

Or to put it another way. While Ben Roeth­lis­berger is a great quar­ter­back, a Hall of Fame Quar­ter­back, a quar­ter­back any team would be proud to have, he is not even in the same league as Tom Brady who is the great­est and most suc­cess­ful Quar­ter­back to ever play the game.

What does that have to do with the Trump Tax plan? Just this.

The Obama Econ­omy was, put sim­ply a dis­as­ter:

The lat­est num­bers mean that Obama’s eco­nomic fore­cast­ers missed their growth tar­gets every year that he was in office. And, once again, econ­o­mists who had been promis­ing that strong growth was just around the cor­ner — most recently because of a rel­a­tively strong third quar­ter — had to eat crow.

It also means that GDP growth has not exceeded 3% for 11 straight years.…

And despite th pre­dic­tions of naysay­ers and experts galore:

Jason Fur­man, who chaired the Coun­cil of Eco­nomic Advis­ers under Pres­i­dent Barack Obama, told reporters ear­lier this year that the chances of reach­ing 3 per­cent growth over a decade were about 1 in 25 — which is what many polit­i­cal experts said was Trump’s chance of win­ning the elec­tion. Another Obama econ­o­mist, Alan Krueger, called the 3 per­cent growth fore­cast “extremely rosy.”

Larry Sum­mers, a top eco­nomic adviser to Obama, ques­tioned the “stan­dards of integrity” of the Trump eco­nomic team’s fore­cast for 3 per­cent (or more) growth. “I do not see how any exam­i­na­tion of U.S. his­tory could pos­si­bly sup­port the Trump fore­cast as a rea­son­able expec­ta­tion,” he wrote in The Wash­ing­ton Post.

It took Don­ald Trump less than one year to change this achiev­ing the 3% eco­nomic growth that oth­ers have said was not possible

Pres­i­dent Don­ald Trump’s goal of 3 per­cent growth has been real­ized in two of the three quar­ters since he took office, and econ­o­mists say the trend can keep going for at least another quar­ter and pos­si­bly longer.

Third-​quarter GDP grew by 3 per­cent, well above the 2.5 per­cent expected by econ­o­mists sur­veyed by Thom­son Reuters and below the 2.8 per­cent in the CNBC/Moody’s Rapid Update. The third-​quarter num­ber comes on top of 3.1 per­cent growth in the sec­ond quar­ter, mak­ing for the best back-​to-​back quar­ters since 2014 and end­ing a long streak of slug­gish 2 per­cent growth.

To put it one way. Trump’s first year Eco­nomic num­bers are some­thing to be proud of, par­tic­u­larly com­pared to Obama’s. Clearly above aver­age and head­ing in the right direc­tion. They are the Ben Roeth­lis­berger of eco­nomic stats.

Now take that above aver­age econ­omy and add to it a tax plan that cuts cor­po­rate tax rates from 35% to 21% while cut­ting taxes on a resur­gent mid­dle class a pack­age that pro­duced this reac­tions from Ger­mans:

“The tax com­pe­ti­tion will have a new dimen­sion,” said Christoph Spen­gel, chair­man of the cor­po­rate tax depart­ment at the Uni­ver­sity of Mannheim. Mr. Spen­gel, who is also a research asso­ciate at the Cen­ter for Euro­pean Eco­nomic Research, and a group of tax experts at the uni­ver­sity have done a detailed com­par­i­son of the two coun­tries’ tax sys­tems and pub­lished a report under the head­ing, “Ger­many loses out in US tax reform.”

Clemens Fuest, who heads the Ifo eco­nomic think tank, also said he believed Ger­man busi­ness would suf­fer. “Invest­ments and jobs will migrate to the US,” he said.

Once the full effect of this tax bill hits we will go from a Roeth­lis­berger econ­omy to a Brady econ­omy and leave that solid 3% growth in the dust.

Get ready folks, golden days are ahead.

The best way to descrive the effect of the tax cut bill that just passed will have on our already improving economy is to think of it as the difference between Steelers QB Ben Roethlisberger and New England Patriots Quarterback Tom Brady.

By any standard Ben Roethlisberger is a great quarterback. His stats are impressive. He has thrown for over 4000 yards five times, has thrown 25 or more touchdowns a season seven times, had seasons with a QB rating over 100 three times, thrown less than 10 interceptions a season 4 times. Counting this season He has led the Steelers to ten playoff appearances, seven division titles and two Super Bowls both wins.

Any competent list of elite NFL quarterbacks over the last decade includes him and in different era a credible case could be made for listing him as said era’s top Quarterback.

But unfortunately for Big Ben this isn’t another era. It’s the Tom Brady era and as excellent as Roethlisberger’s stats are they pale before Brady’s. Tom has thrown for 4000 or more yards 9 times (over 5000 in 2011) He has thrown 25 or more touchdowns 13 times (including 50 in 2007) , ha seasons with a QB rating over 100 6 times (three seasons over 110), thrown less than 10 interceptions a season 7 times (only 2 last year)

And of course counting this season Tom Brady has led the Patriots to the Division every single year (15 seasons years) but one (2002) and has taken his team to the Superbowl seven times winning five.

Or to put it another way. While Ben Roethlisberger is a great quarterback, a Hall of Fame Quarterback, a quarterback any team would be proud to have, he is not even in the same league as Tom Brady who is the greatest and most successful Quarterback to ever play the game.

What does that have to do with the Trump Tax plan? Just this.

The Obama Economy was, put simply a disaster:

The latest numbers mean that Obama’s economic forecasters missed their growth targets every year that he was in office. And, once again, economists who had been promising that strong growth was just around the corner — most recently because of a relatively strong third quarter — had to eat crow.

It also means that GDP growth has not exceeded 3% for 11 straight years. . . .

And despite th predictions of naysayers and experts galore:

Jason Furman, who chaired the Council of Economic Advisers under President Barack Obama, told reporters earlier this year that the chances of reaching 3 percent growth over a decade were about 1 in 25 — which is what many political experts said was Trump’s chance of winning the election. Another Obama economist, Alan Krueger, called the 3 percent growth forecast “extremely rosy.”

Larry Summers, a top economic adviser to Obama, questioned the “standards of integrity” of the Trump economic team’s forecast for 3 percent (or more) growth. “I do not see how any examination of U.S. history could possibly support the Trump forecast as a reasonable expectation,” he wrote in The Washington Post.

It took Donald Trump less than one year to change this achieving the 3% economic growth that others have said was not possible

President Donald Trump’s goal of 3 percent growth has been realized in two of the three quarters since he took office, and economists say the trend can keep going for at least another quarter and possibly longer.

Third-quarter GDP grew by 3 percent, well above the 2.5 percent expected by economists surveyed by Thomson Reuters and below the 2.8 percent in the CNBC/Moody’s Rapid Update. The third-quarter number comes on top of 3.1 percent growth in the second quarter, making for the best back-to-back quarters since 2014 and ending a long streak of sluggish 2 percent growth.

To put it one way. Trump’s first year Economic numbers are something to be proud of, particularly compared to Obama’s. Clearly above average and heading in the right direction. They are the Ben Roethlisberger of economic stats.

Now take that above average economy and add to it a tax plan that cuts corporate tax rates from 35% to 21% while cutting taxes on a resurgent middle class a package that produced this reactions from Germans:

“The tax competition will have a new dimension,” said Christoph Spengel, chairman of the corporate tax department at the University of Mannheim. Mr. Spengel, who is also a research associate at the Center for European Economic Research, and a group of tax experts at the university have done a detailed comparison of the two countries’ tax systems and published a report under the heading, “Germany loses out in US tax reform.”

Clemens Fuest, who heads the Ifo economic think tank, also said he believed German business would suffer. “Investments and jobs will migrate to the US,” he said.

Once the full effect of this tax bill hits we will go from a Roethlisberger economy to a Brady economy and leave that solid 3% growth in the dust.

Get ready folks, golden days are ahead.

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