Here’s a look at average GDP growth rates under the last six U.S. presidents:
- Jimmy Carter (D): 3.25%
- Ronald Reagan (R): 3.48%
- George H.W. Bush (R): 2.25%
- Bill Clinton (D): 3.88%
- George W. Bush (R): 2.2%
- Barack Obama (D): 1.62%
- Donald Trump (R): 0.95%
With the presidential election less than a week away, Americans are weighing the two presidential candidates and choosing which is best for the country over the next four years --if they haven't already voted.One way they can do that is by looking back on the first term of President Donald Trump...
www.yahoo.com
Sorted by annualized real GDP, by president, from best to worst...
| Kennedy | 5.5 |
| Johnson | 5.0 |
| Truman (since '47) | 4.7 |
| Clinton | 3.8 |
| Reagan | 3.6 |
| Carter | 3.2 |
| Ford | 2.9 |
| Nixon | 2.7 |
| Eisenhower | 2.5 |
| Bush41 | 2.2 |
| Obama | 1.9 |
| Bush43 | 1.8 |
| Trump | 1.0 |
... which is why it's sooo fucking hysterical watching the brain-dead right try to scare America into b'lieving Biden/Harris will lead this country into a recession.
Shit, even Impeached Trump says the economy does better under Democrats...
You are adding 2020...the worldwide pandemic GDP.
Don't be so stupid.
LOL
Impeached Trump is still president, right? GDP is measured on his watch and will be recorded as such for all time.
But I do enjoy watching your hypocrisy. While at the same time you bitch & moan how unfair it is to post bad GDP figures under Impeached Trump because of the pandemic, you posted GDP figures under Obama which included his first two quarters which were still in the recession he was handed. Even worse for your hypocrisy, you wasted no time giving Impeached credit for the turnaround. You can't have it both ways.
We all know, including you, that had COVID not happened, the economy would certainly NOT be on the table for discussion in this election. He will get us back. Biden, now way.
That doesn't matter. Covid happened. Impeached Trump doesn't get to wipe the bad quarters of GDP off the record. Of course, I'm saying this to a hypocrite who pointed out Impeached Trump's good years were better than some of Obama's, including his first year where he inherited the Great Recession.
thats right, and TRUMP got us out of BARRAGs recession. glad you see that
There was no recession, dumbass.
That's not what they're told in their world.
You must be the only financial advisor who does not know that a recession is defined as two quarters of contracting GDP.
And yet believe a "manufacturing recession" is a thing.
Everything is full TDS bullshit with you. This is the deepest recession we have had. And now the TRUMP recovery, relentless WINNING.
You
think the NBER doesn't know the definition of a recession? Or do you
think the NBER is deep state?
www.nber.org
The NBER's traditional definition emphasizes that a recession involves a significant decline in economic activity that is spread across the economy and lasts more than a few months. In our modern interpretation of this definition, we treat the three criteria—depth, diffusion, and duration—as at least somewhat interchangeable. That is, while each criterion needs to be met individually to some degree, extreme conditions revealed by one criterion may partially offset weaker indications from another.
The usual definition of a recession involves a decline in economic activity that lasts more than a few months. However, in deciding whether to identify a recession, the committee weighs the depth of the contraction, its duration, and whether economic activity declined broadly across the economy (the diffusion of the downturn). The committee recognizes that the pandemic and the public health response have resulted in a downturn with different characteristics and dynamics than prior recessions. Nonetheless, it concluded that the unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy,
warrants the designation of this episode as a recession, even if it turns out to be briefer than earlier contractions.
www.nber.org
.
If you thought what we went through isn't a recession, you are legitimately insane. Absolutely NO clue.
What makes it even more insane is that Mac thinks he is a financial advisor. Fully devoured by TDS.
