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3rd Qtr GDP revision
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Redwingtom Online
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Post: #21
RE: 3rd Qtr GDP revision
(11-29-2017 01:37 PM)Redwingtom Wrote:  
(11-29-2017 12:58 PM)banker Wrote:  Through early October, Trump had eliminated 469 various regulations on business and has, by far, the lowest rate of new regulations imposed.

So there's that.

Source please. Not saying he hasn't, just want to read what they are. And also ascertain whether any of them can be attributed to positive GDP as of yet. Those things likely take a little time.

And a conservative think tank agrees...

Quote:"These policies have not yet fully gone into effect," said Dan Goldbeck, a research analyst on regulatory policy for American Action Forum. "It is too early to judge the economic impact of this shift. It's reasonable, however, to think that the magnitude of these changes -- both in slowing down and rolling back regulatory burdens -- will have a positive effect."
http://money.cnn.com/2017/08/17/news/eco...index.html
11-29-2017 02:12 PM
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Redwingtom Online
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Post: #22
RE: 3rd Qtr GDP revision
(11-29-2017 02:03 PM)GrayBeard Wrote:  
(11-29-2017 01:35 PM)Redwingtom Wrote:  
(11-29-2017 12:58 PM)GrayBeard Wrote:  
(11-29-2017 12:52 PM)Redwingtom Wrote:  
(11-29-2017 12:50 PM)appst89 Wrote:  Not be Obama.

So, nothing then. I rest my case...lol

But seriously...tell me specifically what he has done and how that has positively effected the GDP, so I can give him credit.

In my view, President's are more likely to screw it up than help it. I think DJT has simply gotten out of the way and the economy has responded.

Perhaps...but was Obama in the way? We saw the same type of growth for much of his presidency, right?
https://www.statista.com/statistics/1881...in-the-us/

Obama never had better than 3% for any calendar year, which I believe makes him the first President in history to have such a lackluster economic performance.

2015 was 2.9%, 2014 was 2.6% and 2010 was 2.5%. But he also had quarters of 4.6, 3.1, 4, 4.6. 5.2 and 3.2. All the same or better than two of trump's so far. Additionally, if you can't show that trump has done anything specifically to get credit for the last two quarters, some of that has to go to the condition things were left in, right? Not saying all, but some surely does.
(This post was last modified: 11-29-2017 02:16 PM by Redwingtom.)
11-29-2017 02:16 PM
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Post: #23
RE: 3rd Qtr GDP revision
Just stop. You spent 8 years blaming the guy before and now you'll claim a tail in the years after. Pick one or the other.
11-29-2017 02:19 PM
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Post: #24
RE: 3rd Qtr GDP revision
(11-29-2017 02:16 PM)Redwingtom Wrote:  
(11-29-2017 02:03 PM)GrayBeard Wrote:  
(11-29-2017 01:35 PM)Redwingtom Wrote:  
(11-29-2017 12:58 PM)GrayBeard Wrote:  
(11-29-2017 12:52 PM)Redwingtom Wrote:  So, nothing then. I rest my case...lol

But seriously...tell me specifically what he has done and how that has positively effected the GDP, so I can give him credit.

In my view, President's are more likely to screw it up than help it. I think DJT has simply gotten out of the way and the economy has responded.

Perhaps...but was Obama in the way? We saw the same type of growth for much of his presidency, right?
https://www.statista.com/statistics/1881...in-the-us/

Obama never had better than 3% for any calendar year, which I believe makes him the first President in history to have such a lackluster economic performance.

2015 was 2.9%, 2014 was 2.6% and 2010 was 2.5%. But he also had quarters of 4.6, 3.1, 4, 4.6. 5.2 and 3.2. All the same or better than two of trump's so far. Additionally, if you can't show that trump has done anything specifically to get credit for the last two quarters, some of that has to go to the condition things were left in, right? Not saying all, but some surely does.

Curious to know what 2016 was, the last year Obama was in office, to compare to 2017, the first of Trumps. Can you look up 2016 GDP real quick?
11-29-2017 02:21 PM
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Post: #25
RE: 3rd Qtr GDP revision
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11-29-2017 02:22 PM
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EagleX Offline
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Post: #26
RE: 3rd Qtr GDP revision
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11-29-2017 02:23 PM
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GrayBeard Offline
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Post: #27
RE: 3rd Qtr GDP revision
(11-29-2017 02:16 PM)Redwingtom Wrote:  
(11-29-2017 02:03 PM)GrayBeard Wrote:  
(11-29-2017 01:35 PM)Redwingtom Wrote:  
(11-29-2017 12:58 PM)GrayBeard Wrote:  
(11-29-2017 12:52 PM)Redwingtom Wrote:  So, nothing then. I rest my case...lol

But seriously...tell me specifically what he has done and how that has positively effected the GDP, so I can give him credit.

In my view, President's are more likely to screw it up than help it. I think DJT has simply gotten out of the way and the economy has responded.

Perhaps...but was Obama in the way? We saw the same type of growth for much of his presidency, right?
https://www.statista.com/statistics/1881...in-the-us/

Obama never had better than 3% for any calendar year, which I believe makes him the first President in history to have such a lackluster economic performance.

2015 was 2.9%, 2014 was 2.6% and 2010 was 2.5%. But he also had quarters of 4.6, 3.1, 4, 4.6. 5.2 and 3.2. All the same or better than two of trump's so far. Additionally, if you can't show that trump has done anything specifically to get credit for the last two quarters, some of that has to go to the condition things were left in, right? Not saying all, but some surely does.

Go back to my original statement about President's needing to get out of the way. I have never claimed that any President stimulated/caused GDP growth. Pay attention there and keep up.

Also, we honestly can't judge Trump's GDP record until much later in his Presidency. It is way too soon to tell.
11-29-2017 02:27 PM
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Redwingtom Online
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Post: #28
RE: 3rd Qtr GDP revision
(11-29-2017 02:21 PM)UofMstateU Wrote:  
(11-29-2017 02:16 PM)Redwingtom Wrote:  
(11-29-2017 02:03 PM)GrayBeard Wrote:  
(11-29-2017 01:35 PM)Redwingtom Wrote:  
(11-29-2017 12:58 PM)GrayBeard Wrote:  In my view, President's are more likely to screw it up than help it. I think DJT has simply gotten out of the way and the economy has responded.

Perhaps...but was Obama in the way? We saw the same type of growth for much of his presidency, right?
https://www.statista.com/statistics/1881...in-the-us/

Obama never had better than 3% for any calendar year, which I believe makes him the first President in history to have such a lackluster economic performance.

2015 was 2.9%, 2014 was 2.6% and 2010 was 2.5%. But he also had quarters of 4.6, 3.1, 4, 4.6. 5.2 and 3.2. All the same or better than two of trump's so far. Additionally, if you can't show that trump has done anything specifically to get credit for the last two quarters, some of that has to go to the condition things were left in, right? Not saying all, but some surely does.

Curious to know what 2016 was, the last year Obama was in office, to compare to 2017, the first of Trumps. Can you look up 2016 GDP real quick?

2016 was 1.5 according to the following link. But I've seen other places say it was 1.6. Not sure which one is figuring in the revisions, etc. First quarter of 2017 was 1.2 according to my earlier link.

https://www.thebalance.com/us-gdp-by-year-3305543

But if you're going to say the increase for 2 and 3 are all on trump, then you have to show what he changed to warrant it. Again, it's too early for the regulations to be making much of an impact according to at least one conservative think...and likely most all of them. And no, I'm not above giving trump some credit for not messing things up...of course it's not like he hasn't been trying to get major legislation passed. He's just failed at it so far. 03-wink
11-29-2017 02:33 PM
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Redwingtom Online
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Post: #29
RE: 3rd Qtr GDP revision
(11-29-2017 02:27 PM)GrayBeard Wrote:  
(11-29-2017 02:16 PM)Redwingtom Wrote:  
(11-29-2017 02:03 PM)GrayBeard Wrote:  
(11-29-2017 01:35 PM)Redwingtom Wrote:  
(11-29-2017 12:58 PM)GrayBeard Wrote:  In my view, President's are more likely to screw it up than help it. I think DJT has simply gotten out of the way and the economy has responded.

Perhaps...but was Obama in the way? We saw the same type of growth for much of his presidency, right?
https://www.statista.com/statistics/1881...in-the-us/

Obama never had better than 3% for any calendar year, which I believe makes him the first President in history to have such a lackluster economic performance.

2015 was 2.9%, 2014 was 2.6% and 2010 was 2.5%. But he also had quarters of 4.6, 3.1, 4, 4.6. 5.2 and 3.2. All the same or better than two of trump's so far. Additionally, if you can't show that trump has done anything specifically to get credit for the last two quarters, some of that has to go to the condition things were left in, right? Not saying all, but some surely does.

Go back to my original statement about President's needing to get out of the way. I have never claimed that any President stimulated/caused GDP growth. Pay attention there and keep up.

Also, we honestly can't judge Trump's GDP record until much later in his Presidency. It is way too soon to tell.

I was not implying you were saying that. Apologies for not making that clear. I was just anticipating others to try and say that without providing any source material that trump has caused it.
(This post was last modified: 11-29-2017 02:35 PM by Redwingtom.)
11-29-2017 02:34 PM
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GrayBeard Offline
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Post: #30
RE: 3rd Qtr GDP revision
(11-29-2017 02:34 PM)Redwingtom Wrote:  
(11-29-2017 02:27 PM)GrayBeard Wrote:  
(11-29-2017 02:16 PM)Redwingtom Wrote:  
(11-29-2017 02:03 PM)GrayBeard Wrote:  
(11-29-2017 01:35 PM)Redwingtom Wrote:  Perhaps...but was Obama in the way? We saw the same type of growth for much of his presidency, right?
https://www.statista.com/statistics/1881...in-the-us/

Obama never had better than 3% for any calendar year, which I believe makes him the first President in history to have such a lackluster economic performance.

2015 was 2.9%, 2014 was 2.6% and 2010 was 2.5%. But he also had quarters of 4.6, 3.1, 4, 4.6. 5.2 and 3.2. All the same or better than two of trump's so far. Additionally, if you can't show that trump has done anything specifically to get credit for the last two quarters, some of that has to go to the condition things were left in, right? Not saying all, but some surely does.

Go back to my original statement about President's needing to get out of the way. I have never claimed that any President stimulated/caused GDP growth. Pay attention there and keep up.

Also, we honestly can't judge Trump's GDP record until much later in his Presidency. It is way too soon to tell.

I was not implying you were saying that. Apologies for not making that clear. I was just anticipating others to try and say that without providing any source material that trump has caused it.

Plus, I think we have some bad stuff coming and it didn't matter who the President was. We seemed to have learned nothing from 2008 and I fear that we are soon to repeat it.
11-29-2017 02:36 PM
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Redwingtom Online
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Post: #31
RE: 3rd Qtr GDP revision
(11-29-2017 02:36 PM)GrayBeard Wrote:  
(11-29-2017 02:34 PM)Redwingtom Wrote:  
(11-29-2017 02:27 PM)GrayBeard Wrote:  
(11-29-2017 02:16 PM)Redwingtom Wrote:  
(11-29-2017 02:03 PM)GrayBeard Wrote:  Obama never had better than 3% for any calendar year, which I believe makes him the first President in history to have such a lackluster economic performance.

2015 was 2.9%, 2014 was 2.6% and 2010 was 2.5%. But he also had quarters of 4.6, 3.1, 4, 4.6. 5.2 and 3.2. All the same or better than two of trump's so far. Additionally, if you can't show that trump has done anything specifically to get credit for the last two quarters, some of that has to go to the condition things were left in, right? Not saying all, but some surely does.

Go back to my original statement about President's needing to get out of the way. I have never claimed that any President stimulated/caused GDP growth. Pay attention there and keep up.

Also, we honestly can't judge Trump's GDP record until much later in his Presidency. It is way too soon to tell.

I was not implying you were saying that. Apologies for not making that clear. I was just anticipating others to try and say that without providing any source material that trump has caused it.

Plus, I think we have some bad stuff coming and it didn't matter who the President was. We seemed to have learned nothing from 2008 and I fear that we are soon to repeat it.

Yep...especially with trump's hard-on to let Wall Street do what they want to all over again like what lead to the last collapse, despite the right's hard-on to blame Barney Frank alone for causing it.
11-29-2017 02:39 PM
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Post: #32
RE: 3rd Qtr GDP revision
(11-29-2017 01:40 PM)Redwingtom Wrote:  
(11-29-2017 12:54 PM)appst89 Wrote:  
(11-29-2017 12:52 PM)Redwingtom Wrote:  
(11-29-2017 12:50 PM)appst89 Wrote:  
(11-29-2017 12:49 PM)Redwingtom Wrote:  What specifically has he done to improve the economy?

I'll hang up and listen.....

Not be Obama.

So, nothing then. I rest my case...lol

Yeah, well you wouldn't admit to any positives anyway, so I just gave you the most obvious. No point in wasting time.

Sorry, but that's a cop out. If folks are going to imply that he's specifically done something to result in the economic results, they need to cite that.

No, it's not a cop out. It's a recognition of who I'm answering.
11-29-2017 02:40 PM
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GrayBeard Offline
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Post: #33
RE: 3rd Qtr GDP revision
(11-29-2017 02:39 PM)Redwingtom Wrote:  
(11-29-2017 02:36 PM)GrayBeard Wrote:  
(11-29-2017 02:34 PM)Redwingtom Wrote:  
(11-29-2017 02:27 PM)GrayBeard Wrote:  
(11-29-2017 02:16 PM)Redwingtom Wrote:  2015 was 2.9%, 2014 was 2.6% and 2010 was 2.5%. But he also had quarters of 4.6, 3.1, 4, 4.6. 5.2 and 3.2. All the same or better than two of trump's so far. Additionally, if you can't show that trump has done anything specifically to get credit for the last two quarters, some of that has to go to the condition things were left in, right? Not saying all, but some surely does.

Go back to my original statement about President's needing to get out of the way. I have never claimed that any President stimulated/caused GDP growth. Pay attention there and keep up.

Also, we honestly can't judge Trump's GDP record until much later in his Presidency. It is way too soon to tell.

I was not implying you were saying that. Apologies for not making that clear. I was just anticipating others to try and say that without providing any source material that trump has caused it.

Plus, I think we have some bad stuff coming and it didn't matter who the President was. We seemed to have learned nothing from 2008 and I fear that we are soon to repeat it.

Yep...especially with trump's hard-on to let Wall Street do what they want to all over again like what lead to the last collapse, despite the right's hard-on to blame Barney Frank alone for causing it.

Uhh...umm...no, just no.
11-29-2017 02:41 PM
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Lord Stanley Offline
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Post: #34
RE: 3rd Qtr GDP revision
The idea that Trump is responsible for growth being reporting right now is probably a bit specious; but I would say when we hit another 3% in 2018 and forward that's a pretty good indication that the Trump administration is doing things to allow business to grow.
11-29-2017 02:52 PM
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Redwingtom Online
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Post: #35
RE: 3rd Qtr GDP revision
(11-29-2017 02:40 PM)appst89 Wrote:  
(11-29-2017 01:40 PM)Redwingtom Wrote:  
(11-29-2017 12:54 PM)appst89 Wrote:  
(11-29-2017 12:52 PM)Redwingtom Wrote:  
(11-29-2017 12:50 PM)appst89 Wrote:  Not be Obama.

So, nothing then. I rest my case...lol

Yeah, well you wouldn't admit to any positives anyway, so I just gave you the most obvious. No point in wasting time.

Sorry, but that's a cop out. If folks are going to imply that he's specifically done something to result in the economic results, they need to cite that.

No, it's not a cop out. It's a recognition of who I'm answering.

Well, then why do you not have me on ignore? If you're not going to even bother to present facts and evidence to support your case, there is no point even talking to me, right?
11-29-2017 03:07 PM
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appst89 Offline
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Post: #36
RE: 3rd Qtr GDP revision
(11-29-2017 03:07 PM)Redwingtom Wrote:  
(11-29-2017 02:40 PM)appst89 Wrote:  
(11-29-2017 01:40 PM)Redwingtom Wrote:  
(11-29-2017 12:54 PM)appst89 Wrote:  
(11-29-2017 12:52 PM)Redwingtom Wrote:  So, nothing then. I rest my case...lol

Yeah, well you wouldn't admit to any positives anyway, so I just gave you the most obvious. No point in wasting time.

Sorry, but that's a cop out. If folks are going to imply that he's specifically done something to result in the economic results, they need to cite that.

No, it's not a cop out. It's a recognition of who I'm answering.

Well, then why do you not have me on ignore? If you're not going to even bother to present facts and evidence to support your case, there is no point even talking to me, right?

That's true, except occasionally it's fun.

So, let's go back and look at what I said. I said what Trump had done is to not be Obama. That is all I believe that was needed early on to stimulate the economy. You said I implied something else, but I didn't. Simply not being Obama is enough.
(This post was last modified: 11-29-2017 03:18 PM by appst89.)
11-29-2017 03:10 PM
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Redwingtom Online
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Post: #37
RE: 3rd Qtr GDP revision
(11-29-2017 02:52 PM)Lord Stanley Wrote:  The idea that Trump is responsible for growth being reporting right now is probably a bit specious; but I would say when we hit another 3% in 2018 and forward that's a pretty good indication that the Trump administration is doing things to allow business to grow.

Agreed. However, if there is no evidence that just growing corporate coffers (as we all know has occurred even under Obama) with reduced regulations is leading to economic development (read investments) and/or more jobs and anything but the continued stagnant wages, nothing trump has done or will do can be cited as a cause for that.

Did you see the video of Gary Cohn being shocked when a room full of corporate CEO's didn't raise their hand to admit that tax cuts would cause them to increase capital expenditures? It's likely much the same as with regulations. If corporations just pocket the cash to buy back stock and increase executive pay and golden parachutes, what good are they.

Time will tell....
(This post was last modified: 11-29-2017 03:13 PM by Redwingtom.)
11-29-2017 03:12 PM
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Redwingtom Online
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Post: #38
RE: 3rd Qtr GDP revision
(11-29-2017 03:10 PM)appst89 Wrote:  
(11-29-2017 03:07 PM)Redwingtom Wrote:  
(11-29-2017 02:40 PM)appst89 Wrote:  
(11-29-2017 01:40 PM)Redwingtom Wrote:  
(11-29-2017 12:54 PM)appst89 Wrote:  Yeah, well you wouldn't admit to any positives anyway, so I just gave you the most obvious. No point in wasting time.

Sorry, but that's a cop out. If folks are going to imply that he's specifically done something to result in the economic results, they need to cite that.

No, it's not a cop out. It's a recognition of who I'm answering.

Well, then why do you not have me on ignore? If you're not going to even bother to present facts and evidence to support your case, there is no point even talking to me, right?

That's true, except occasionally it's fun.

On that note, goodbye 03-troll
11-29-2017 03:14 PM
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VA49er Offline
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Post: #39
RE: 3rd Qtr GDP revision
(11-29-2017 12:52 PM)Redwingtom Wrote:  
(11-29-2017 12:50 PM)appst89 Wrote:  
(11-29-2017 12:49 PM)Redwingtom Wrote:  
(11-29-2017 11:39 AM)usmbacker Wrote:  You know leftists rant and rave about our President and meanwhile he just keeps building this economy stronger by the day. Winning!!!

What specifically has he done to improve the economy?

I'll hang up and listen.....

Not be Obama.

So, nothing then. I rest my case...lol

But seriously...tell me specifically what he has done and how that has positively effected the GDP, so I can give him credit.

To be honest, that's all he's really needed to do.
(This post was last modified: 11-29-2017 03:19 PM by VA49er.)
11-29-2017 03:19 PM
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Post: #40
RE: 3rd Qtr GDP revision
(11-29-2017 11:39 AM)usmbacker Wrote:  You know leftists rant and rave about our President and meanwhile he just keeps building this economy stronger by the day. Winning!!!

Not only that but there's was someone saying that if Trump got elected the Stock Market would tank. I wonder what he's thinking now? He's probably giving the credit to President Soy Boy.
11-29-2017 10:05 PM
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