Need Proof That Trump’s Policies Smoke Obama’s Ineptitude? Check Out These Economy Numbers!
There’s no doubt that Democrats, desperate to “prove” that Obama was a good President will attempt to spin this as a reflection of Bath House Barry’s policies.
Just as Democrats are with everything else, they’re wrong in this as well.
Thanks to businesses knowing that President Trump isn’t a Marxist, and he’s doing his best to undo the regulations and red tape that Obama put in place to bring the economy to its knees, and America along with it.
The U.S. economy’s growth rate last quarter was revised upward to the fastest in years on stronger investment from businesses and government agencies than previously estimated, Commerce Department data showed.
The latest results for GDP, the value of all goods and services produced, show the economy withstood major hurricanes to reach a more solid footing as it entered the final stretch of the year, thanks to stronger business spending that’s helping cushion a softer pace of consumption.
Federal Reserve Chair Janet Yellen said Wednesday, just before the GDP report, that the expansion is “increasingly broad based across sectors as well as across much of the global economy.”
While the revised growth rate is in line with President Donald Trump’s goal, economists generally see such a pace as unsustainable and expect growth to slow sometime in 2018. Trump and congressional Republicans are pushing a tax-cut plan with the aim of lifting GDP gains to 3 percent annually, though analysts expect any economic boost to be modest, on balance, if the proposal becomes law.
Trump drove home the final nail in the coffin of President Obama’s economic reign with this economic update.
Not only is the average annual growth rate of just 1.48% during Obama’s business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth.
An average annual GDP growth of 1.48% during Obama’s two terms…
Making America great again, it’s what President Trump does.
Mr Americana, Overpasses News Desk
November 29th, 2017
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