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Kudlow: Economy Healthy Despite Missing 3% Growth Target
Kudlow: Economy Healthy Despite Missing 3% Growth Target
White House economic adviser Larry Kudlow shrugged off the economy's 2019 performance after the U.S. missed the Trump administration's 3% growth target for a second straight year, posting its slowest annual growth in three years in 2019 as the slump in business investment deepened amid damaging trade tensions.
The veteran financial guru and former Ronald Reagan adviser told Fox Business Network "it is a fundamentally healthy economy."
Kudlow also expressed confidence that activity will accelerate this year, a view not widely shared outside the administration.
“The American economy is in a boom right now and with middle-class wages rising, blue-collar wages rising, income distribution is narrowing, stock markets are roaring, household net wealth is soaring,”
ME: Of course its good. Its great. We are at full employment. What the fuck else does everyone want. Its time to work, earn, play the markets maybe, and live your lives.
The economy: Trump's greatest asset, Democrats' greatest liability
The economy: Trump's greatest asset, Democrats' greatest liability
Democrats cannot disparage Trump’s economy. Doing so will look like sour grapes. Worse, it will open them up to a comparison with Obama’s, which was worse. Just looking at GDP alone, during Obama’s first 10 quarters, the economy averaged growth of just 1.3 percent. Even in Obama’s last 10 quarters it averaged just 2.3 percent. Over Trump’s first t10 quarters, the economy has averaged 2.6 percent growth.
In December 2016, 152.1 million Americans were employed, 7.5 million unemployed (4.7 percent rate) and the labor force participation rate was 62.7 percent. September 2019 jobs report showed 158.3 million employed, 6.2 million more), 5.8 million unemployed (3.5 percent rate and 1.7 million less) and a labor force participation rate of 63.2 percent (0.6 percent higher).
Yes, Trump has done better than Obama...but Obama is the 2nd worst POTUS ever, that is a damn low bar. Is really the best thing you can say about your god is that he is better than the 2nd worst POTUS ever?
Who was the worst? Just curious? Dubya?
Yes...in my opinion. The choice to invade Iraq and the even worse decisions made after we defeated Saddam put him on the bottom.