All right, Trump now has almost 4 years under his belt – let’s see how things went!
From Dec 24, 2018:
[quote=svelte][quote=EconProf]
OK, here’s the spike: The growth rate during Obama’s 8 years averaged under 2%. This despite the historical tendency for deep recessions to be followed by strong recoveries. Under Trump the annual growth rate is approximately 3% per year, a difference that has a big long run impact over time.
[/quote]
Obama’s 8 years average out to under 2% because of that disastrous first year trying to recover from the previous administration. Otherwise it would have been higher (see chart below).
Trump’s growth rate appears to be on a downward trajectory now, I’ll continue to monitor it into his 3rd and 4th year.
[/quote]
Obama’s years were 2008-2016
Trump’s are 2009-2020
[img_assist|nid=27252|title=US GDP Growth 2009-2020|desc=|link=node|align=left|width=466|height=346]
