It’s time for some real talk.
Obama is the only U.S. chief executive in history not to preside over even a single year with 3 percent GDP growth (https://www.nationalreview.com/2016/05/barack-obama-economy-jobs-ugly-truth/)
Barack Obama Will Be The Only President In History To Never Have A Year Of 3% GDP Growth (https://www.zerohedge.com/news/2016-07-30/barack-obama-will-be-only-president-history-never-have-year-3-gdp-growth)
Obama’s Historically Bad Economy (https://www.weeklystandard.com/jeffrey-h-anderson/obamas-historically-bad-economy)
“So we’re at 3.3 percent GDP. I see no reason why we don’t go to 4 percent, 5 percent, and even 6 percent.” - Donald J. Trump (https://www.cnbc.com/2017/12/06/trump-defies-data-with-6-percent-gdp-growth-forecast.html)
Conservatives railed about Obama not having a year above 3% GDP growth leading up to the 2016 election. It’s likely that 2018 will be Trump’s best year of his presidency, and it’d take a Christmas Miracle for him to reach 3% annual GDP growth in 2018. It’s a decent chance that he won’t even beat Obama’s 2.9% in 2015.
So, what gives? Trump has unleashed business potential by scaling back regulations. He’s showing his mad negotiating skills on trade. He signed a massive tax cut that was a deficit fueled windfall to corporations and the wealthy. Why on earth are we not getting “4 percent, 5 percent or even 6 percent”? I just don’t understand why these GOP policies aren’t resulting a booming economy!!
If it is a booming economy, then I suppose 2015 was a more booming economy since it had higher growth? Hmm.