Is the Trump economy all that good?

Sep 2018
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You don't show the 1.5% Real GDP growth rate Obama left us with in 2016, which was his average. Obama's average real GDP growth rate was 1.58%, those predictions are an improvement.

All of your sources underestimated growth in 2017 and 2018.

We are living in the best economy in 13 years, do you dispute that?
the economy was staedily imporving under obama jobs were up unemployment was way down and lets not forget he had to pull us out of the worst mess since the great depresion Fact check: Did Trump pull off an 'economic turnaround?'
 
Jun 2013
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the economy was staedily imporving under obama jobs were up unemployment was way down and lets not forget he had to pull us out of the worst mess since the great depresion Fact check: Did Trump pull off an 'economic turnaround?'
Obama didn't pull us out of anything, the recession bottomed out in Q4 2018 and started growing on its own in June 2009. All Obama had to do was stay out of the way, which he refused to do. He spent all his political capital in 2009 pushing his carbon credit scheme that would have added hundreds of billions of new energy taxes on the economy. It was nothing more than a way to funnel taxpayer cash to his special interest donors.

The Obamaconomy disappointed every quarter and every year.

U.S. economy grew faster than expected in Q4

"In the fourth-quarter, U.S. gross domestic product grew at an annualized rate of 2.6%, according to the latest data from the Bureau of Economic Analysis.

Thursday’s report beat expectations, with consensus economists polled by Bloomberg looking for growth to slow to 2.2% during the final three months of the year."
 
Sep 2018
6,733
1,147
cleveland ohio
Obama didn't pull us out of anything, the recession bottomed out in Q4 2018 and started growing on its own in June 2009. All Obama had to do was stay out of the way, which he refused to do. He spent all his political capital in 2009 pushing his carbon credit scheme that would have added hundreds of billions of new energy taxes on the economy. It was nothing more than a way to funnel taxpayer cash to his special interest donors.

The Obamaconomy disappointed every quarter and every year.

U.S. economy grew faster than expected in Q4

"In the fourth-quarter, U.S. gross domestic product grew at an annualized rate of 2.6%, according to the latest data from the Bureau of Economic Analysis.

Thursday’s report beat expectations, with consensus economists polled by Bloomberg looking for growth to slow to 2.2% during the final three months of the year."
Obama didn't pull us out of anything, the recession bottomed out in Q4 2018 and started growing on its own in June 2009. All Obama had to do was stay out of the way, which he refused to do. He spent all his political capital in 2009 pushing his carbon credit scheme that would have added hundreds of billions of new energy taxes on the economy. It was nothing more than a way to funnel taxpayer cash to his special interest donors.

The Obamaconomy disappointed every quarter and every year.

U.S. economy grew faster than expected in Q4

"In the fourth-quarter, U.S. gross domestic product grew at an annualized rate of 2.6%, according to the latest data from the Bureau of Economic Analysis.

Thursday’s report beat expectations, with consensus economists polled by Bloomberg looking for growth to slow to 2.2% during the final three months of the year."
In addition to Obama’s record-setting jobs streak and tripling of the Dow, consumer confidence and wages were trending upward when he left office. And despite Trump’s relentless boasting about his own “economic revival,” the 1.7 million new jobs added in 2017 were surpassed by Obama in five out of seven years (excluding 2009, which was before Obama’s policies went into effect). All this following the most devastating economic crisis since the Great Depression.It’s Obama’s Economic Recovery, Stupid
 
Sep 2018
6,733
1,147
cleveland ohio
Obama didn't pull us out of anything, the recession bottomed out in Q4 2018 and started growing on its own in June 2009. All Obama had to do was stay out of the way, which he refused to do. He spent all his political capital in 2009 pushing his carbon credit scheme that would have added hundreds of billions of new energy taxes on the economy. It was nothing more than a way to funnel taxpayer cash to his special interest donors.

The Obamaconomy disappointed every quarter and every year.

U.S. economy grew faster than expected in Q4

"In the fourth-quarter, U.S. gross domestic product grew at an annualized rate of 2.6%, according to the latest data from the Bureau of Economic Analysis.

Thursday’s report beat expectations, with consensus economists polled by Bloomberg looking for growth to slow to 2.2% during the final three months of the year."
GDP


Related: Best Presidents for GDP growth
Source: BEA
Data: Excel

The green line represents the GDP growth during the presidency of President Obama. The orange line reflects the average rate of GDP growth since 1953.

GDP growth was below-average during Obama's presidency. That said, it was right about dead on average for years in which we have had divided control of the federal government
 
Sep 2018
6,733
1,147
cleveland ohio
Sep 2018
6,733
1,147
cleveland ohio
Obama didn't pull us out of anything, the recession bottomed out in Q4 2018 and started growing on its own in June 2009. All Obama had to do was stay out of the way, which he refused to do. He spent all his political capital in 2009 pushing his carbon credit scheme that would have added hundreds of billions of new energy taxes on the economy. It was nothing more than a way to funnel taxpayer cash to his special interest donors.

The Obamaconomy disappointed every quarter and every year.

U.S. economy grew faster than expected in Q4

"In the fourth-quarter, U.S. gross domestic product grew at an annualized rate of 2.6%, according to the latest data from the Bureau of Economic Analysis.

Thursday’s report beat expectations, with consensus economists polled by Bloomberg looking for growth to slow to 2.2% during the final three months of the year."
Economic Record: President Obama
 
Jun 2013
5,707
1,735
Katmandu
This also is compelling data, and I’ve explained that even small improvements in economic performance are very desirable.
Still, it remains to be seen whether this additional growth is either real or sustainable.
The bottom line is that there’s no reason to expect big economic improvements under Trump, at least in the long run. His good policies on taxes and regulation are offset by bad policies on spending and trade.
The Obama Economy vs. the Trump Economy | Daniel J. Mitchell
Consumer confidence in the Obamaconomy peaked in Jan 2015 and was in a sharp decline, right up to election day. Economic growth plummeted 40% in 2016, $1.4 trillion was added to the national debt in 2016. The job creation rate peaked in 2014, declined in 2015 and declined again in 2016. Had Hillary won and the Obamaconomy stayed on the same trajectory, we would be in recession now.
 
Sep 2018
6,733
1,147
cleveland ohio
Consumer confidence in the Obamaconomy peaked in Jan 2015 and was in a sharp decline, right up to election day. Economic growth plummeted 40% in 2016, $1.4 trillion was added to the national debt in 2016. The job creation rate peaked in 2014, declined in 2015 and declined again in 2016. Had Hillary won and the Obamaconomy stayed on the same trajectory, we would be in recession now.
After a long period of silence, Mr. Obama expressed his exasperation on Friday. “When you hear how great the economy’s doing right now, let’s just remember when this recovery started,” he said in a speechkicking off a midterm campaign blitz. “When you hear about this economic miracle that’s been going on, when the job numbers come out, monthly job numbers, suddenly Republicans are saying it’s a miracle. I have to kind of remind them, actually, those job numbers are the same as they were in 2015 and 2016.” Trump Claims Credit for the Economy. Not So Fast, Says Obama.
 
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Sep 2018
6,733
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cleveland ohio
Consumer confidence in the Obamaconomy peaked in Jan 2015 and was in a sharp decline, right up to election day. Economic growth plummeted 40% in 2016, $1.4 trillion was added to the national debt in 2016. The job creation rate peaked in 2014, declined in 2015 and declined again in 2016. Had Hillary won and the Obamaconomy stayed on the same trajectory, we would be in recession now.
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