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It damned well BETTER have been in the positive every year after that: it cost us $5 trillion to buy that 2% GDP!!!
You do realize that the massive deficit spending is continuing and is on track to get worse. Yes during the initial years of the Obama administration the deficits were over 1 trillion, but later the annual deficits fell below 500 million. During Trump's administration we are unlikely to see anything close to 500 million and far more likely to see the return of 1 trillion a year deficits. Those would be 1 trillion while the economy is doing well.
Manufacturing jobs are growing about the same rate under Trump as they were under Obama. There is nothing in the renegotiated NAFTA which will change that.
An Economy the size of the US... a 3.1-3.5% growth rate is outstanding.
A better indicator of the economy is the Unemployment rate is about zero for people who actually want jobs, wages are rising, food stamps are dropping....
and Democrats are rooting for the economy to go to chit so Trump won't be successful.
So the economy was outstanding when the GDP growth rate under Obama was close to 4% then?
It seems to me that YOU didn't seem to think the economy was all that great when Obama left office - EVEN THOUGH HIS ECONOMIC NUMBERS WERE NOT THAT DIFFERENT FROM TRUMP'S.
WHY is that?
Manufacturing jobs are growing about the same rate under Trump as they were under Obama. There is nothing in the renegotiated NAFTA which will change that.
Yeah, some economic numbers HAVE improved under Trump (partly because GOP folks FINALLY decided to go all in on their support for the economy now that a GOP guy is charge - and partly because there was already upward economic momentum in many areas of the economy when Trump came into office). That improvement in the economy under Trump has been pretty marginal though - and SOME parts of the economy (the housing market, company profits, etc) are slowing down, while other areas have flat lined (new car/truck sales) and it looks like those downward trends are likely to strengthen. Some of this downturn is DIRECTLY tied to Trump's trade wars and interest rate changes while others are just part of a broader worldwide economic slowdown.
Did you expect it to happen for FREE?
Virtually EVERY aspect of the economy was falling apart when Bush left office. It was the largest economic crises and deepest collapse since the Great Depression - a HUGE MESS.
THAT is what Obama had to deal with.
Ken
A big mess that the government made worse. (Of course).
I feel like we all should at least have gotten a T-shirt out of the deal. And you know what it would say, don't you???........
"My Government Spent FIVE TRILLION DOLLARS........and all we got was this lousy t-shirt and a 2% GDP"
You do realize that the massive deficit spending is continuing and is on track to get worse. Yes during the initial years of the Obama administration the deficits were over 1 trillion, but later the annual deficits fell below 500 million. During Trump's administration we are unlikely to see anything close to 500 million and far more likely to see the return of 1 trillion a year deficits. Those would be 1 trillion while the economy is doing well.
I'm a Republican, and blame for this fact (you are correct) lies squarely at the feet of GOP Senators and Representatives. I ESPECIALLY would like to single out my own state's Susan Collins, who never met a dollar that she didn't want to spend.
Disgraceful.
A big mess that the government made worse. (Of course).
I feel like we all should at least have gotten a T-shirt out of the deal. And you know what it would say, don't you???........
"My Government Spent FIVE TRILLION DOLLARS........and all we got was this lousy t-shirt and a 2% GDP"
Real gross domestic product (GDP) increased at an annual rate of 2.2 percent in the fourth quarter of 2018, according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.
...
This puts 2018 annual GDP at 2.86%, and Q4-over-Q4 GDP at 2.97%
Yeah, it's still a decent number - but no better than Obama did - and remember how all the RWNJs on this site went on and on about how bad the economy was under Obama?
Individual 1 inherited a strong economy, President Obama did not. Obama had a lot more to fix and resolve. Thank you, President Obama, for your hard work in restoring our economy especially the auto industry!
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