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Didn’t Obama once say Trump would need a “magic wand” to deliver on his promises to boost U.S. economy”
That 1% GDP was the new norm. Obviously the incompetent pin head Obama had no clue regarding the forces that drive the free market economy.
After the Great Recession, I don't think it mattered who was in office, the economy would have recovered anyway! !00% Trump?????????????????????????????
This is Obama's exact quote, I don't know why people need to use youtube.
The economy has been in the upswing for 10 years and it is doing quite well since of the recession, credit the recent bump to the tax cuts. I don't see anything besides the tax cut for the current prosperity. Lets see a year or two rather than a quarter but right now we are doing quite well.
Kudlow based a lot of the economic predictions particularly the reasoning behind the tax cuts on 4% growth, that seems very optimistic long term,.
Quote:
Trump quoted Obama as saying “President Trump would need a magic wand to get to 4 percent GDP” at a PBS Newshour town hall event in 2016.
“'President Trump would need a magic wand to get to 4% GDP,'” stated President Obama,” Trump tweeted. “I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun.”
Didn’t Obama once say Trump would need a “magic wand” to deliver on his promises to boost U.S. economy”
That 1% GDP was the new norm. Obviously the incompetent pin head Obama had no clue regarding the forces that drive the free market economy.
After the Great Recession, I don't think it mattered who was in office, the economy would have recovered anyway! !00% Trump?????????????????????????????
Yes, economies always recover after recession.
Sometimes there is a double-dip effect, but in the end, what goes down, comes back up.
What is very different about the Obama recovery is the slow rate of recovery.
To have never had a single year of 3% GDP growth when coming out of a sever recession ought to be embarrassing.
The strength of recovery tends to mirror the severity of the downturn, so sub-three percent growth following such an extreme crash indicates fundamental problems.
Once recovered, economies tend to plod along in unremarkable fashion until the next recession hits.
That the now recovered economy is accelerating is a very rare phenomena.
The lowest income earners are seeing an annualized pay increase of 4.4%, and all wage tiers are growing.
This is the best news working Americans have had since the 1960s.
Didn’t Obama once say Trump would need a “magic wand” to deliver on his promises to boost U.S. economy”
That 1% GDP was the new norm. Obviously the incompetent pin head Obama had no clue regarding the forces that drive the free market economy.
Obama deserves credit for letting the Republican Congress fix the mess Harry and nancy made after we elected a Republican Congress in 2010.
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