Trump assured the public in 2017 that the U.S. economy with his tax cuts would grow at “3%,” but he added, “I think it could go to 4, 5, and maybe even 6%, ultimately.”
If the 2020 pandemic is excluded, growth after inflation averaged 2.67% under Trump, according to figures from the Bureau of Economic Analysis. Include the pandemic-induced recession and that average drops to an anemic 1.45%.
By contrast, growth during the second term of then-President Barack Obama averaged 2.33%. So far under Biden, annual growth is averaging 3.4%.
The GOP presidents inherit strong economies. Obama and Biden inherited bad economies. Usually it takes a while for the GOP to screw up the economy, such as the Great Recession. It's usually not just one idiot immediately. This will be a precedent.
They do since usually the GOP has taken back budget control with the house... then the GOP president loses in the mid terms and the Democrats spend like drunken sailers killing the economy… rince repeat....
Your guys did this. Trump hasn't had time to affect much regarding the economy. Spending unknown trillions while importing 4th world criminals that are living in luxury on our dime has consequences.
Took the words right out of my mouth. And it was so good, Trump pressured the Fed to lower interest rates and stimulate it further when it didn’t need to be stimulated. This flow of freer money helped contribute to inflation that was to come.
Comments
Although Mr Chaos Orange is more like a one man recession catalyst
LIPO
.
The economy from 2017 to 19 was the best this century
Look what it took to break it
AOG is just another retard.
Orange man. Sick burn bro
He’s NOT a Leftist
TARIFFS
Actually was average
Trump assured the public in 2017 that the U.S. economy with his tax cuts would grow at “3%,” but he added, “I think it could go to 4, 5, and maybe even 6%, ultimately.”
If the 2020 pandemic is excluded, growth after inflation averaged 2.67% under Trump, according to figures from the Bureau of Economic Analysis. Include the pandemic-induced recession and that average drops to an anemic 1.45%.
By contrast, growth during the second term of then-President Barack Obama averaged 2.33%. So far under Biden, annual growth is averaging 3.4%.
So I'm right
Thanks for hoppin on
AP. Right
2.67 > 2.33 anyway
Biden numbers are bullshit based on the democrats destroying the economy to stop Trump
The GOP presidents inherit strong economies. Obama and Biden inherited bad economies. Usually it takes a while for the GOP to screw up the economy, such as the Great Recession. It's usually not just one idiot immediately. This will be a precedent.
They do since usually the GOP has taken back budget control with the house... then the GOP president loses in the mid terms and the Democrats spend like drunken sailers killing the economy… rince repeat....
You’re delusional if you think Trump inherited a strong economy.
presidents are only responsible for the economy when it suits your narrative
Goal 1, 2 and 3 is to get bond rates down.
Buck thinks the Fed does that.
News today is foreign countries worldwide boycotting our? Products and applying tariffs.
Your guys did this. Trump hasn't had time to affect much regarding the economy. Spending unknown trillions while importing 4th world criminals that are living in luxury on our dime has consequences.
So why dod you vote for that? Speak up!
Took the words right out of my mouth. And it was so good, Trump pressured the Fed to lower interest rates and stimulate it further when it didn’t need to be stimulated. This flow of freer money helped contribute to inflation that was to come.
No time to affect the economy? Big Orange has made Canada hate us already, boycott our products and boo our anthem.
Lol.
Yeah, good luck with that one.