- Sep 19, 2011
- 28,421
- 10,007
- 900
Obama had not stifled economic growth.
But the reality is this:
The U.S. economy grew for seven straight years under President Barack Obama before Trump took office early last year. Since then, it’s stayed steady, and the job market has remained strong. The stock market is also nearing an all-time high, a sign of confidence about corporate profits.
Economic growth has picked up this year, having reached a four-year high of 4.1 percent at an annual rate last quarter. Job gains are also running at a slightly faster pace than in 2017. Most analysts see the economy growing a solid 3 percent this year — a potential political asset for Trump and the Republican Party, especially with the approach of November’s congressional elections.
Yet it’s hard to find any outside mainstream economists who would agree with Kudlow’s assertion that the Trump administration can accelerate or even sustain that growth rate.
Analysts generally expect that the benefits from Trump’s tax cuts and an additional $300 billion in government spending that he signed into law in February will gradually slow along with economic growth.
Where White House touts a boom, most economists see a blip
So think about what the political results would have been or what Democrat would be running the country
IF Obama hadn't stifled economic growth with these anti-business activities and statements:
Trump Regulations: Federal Register Page Count Is Lowest In Quarter Century
This is the lowest count since 1993’s 61,166 pages. That was Bill Clinton’s first year, and his own lowest-ever count.
A year ago, Obama set the all-time Federal Register page record with 95,894 pages.
Trump’s Federal Register is a 35 percent drop from Obama’s record, set last year.
Trump Regulations: Federal Register Page Count Is Lowest In Quarter Century
But the reality is this:
The U.S. economy grew for seven straight years under President Barack Obama before Trump took office early last year. Since then, it’s stayed steady, and the job market has remained strong. The stock market is also nearing an all-time high, a sign of confidence about corporate profits.
Economic growth has picked up this year, having reached a four-year high of 4.1 percent at an annual rate last quarter. Job gains are also running at a slightly faster pace than in 2017. Most analysts see the economy growing a solid 3 percent this year — a potential political asset for Trump and the Republican Party, especially with the approach of November’s congressional elections.
Yet it’s hard to find any outside mainstream economists who would agree with Kudlow’s assertion that the Trump administration can accelerate or even sustain that growth rate.
Analysts generally expect that the benefits from Trump’s tax cuts and an additional $300 billion in government spending that he signed into law in February will gradually slow along with economic growth.
Where White House touts a boom, most economists see a blip
So think about what the political results would have been or what Democrat would be running the country
IF Obama hadn't stifled economic growth with these anti-business activities and statements:
Trump Regulations: Federal Register Page Count Is Lowest In Quarter Century
This is the lowest count since 1993’s 61,166 pages. That was Bill Clinton’s first year, and his own lowest-ever count.
A year ago, Obama set the all-time Federal Register page record with 95,894 pages.
Trump’s Federal Register is a 35 percent drop from Obama’s record, set last year.
Trump Regulations: Federal Register Page Count Is Lowest In Quarter Century
