Oh Barry left Trump a fair hand but Trump has improved on it greatly.
If you think any POTUS of either party will ever balance the budget then you might as well piss up a rope.
The Only POTUS who did it was Andrew Jackson and that was in 1840.
Oh and I hope you aren't holding your breath for a recession cause it won't happen. The country is doing great right now and will continue to do great.
Precisely how has Trump "greatly improved on it"?
Nope, as I've pointed out here many times, I'm always hopeful regardless of the letter that follows a President's name. This is my profession, so I always want a strong economy.
Anything else?
.
He basically took government out of the way of business, like we said should be done for decades.
Sent from my SM-T587P using Tapatalk
And what did it do to the GDP?
.
Depends on what you are looking at, and how you are evaluating the GDP....There are many indicators that blow Obama's era away such as unemployment, wage growth, and median houshold income....Other indicators are similar to the Obama era, however, if you consider the "man on the street" view, there are less businesses shuttered, more economic activity domestically, and a general mood that people feel they are better off today, than under Obama. That's why the Democrats aren't even going near economic issues in their campaigns...Can't win against a good economy...And to say it isn't, is to look like you are rooting for America to fail...So, pick your poison....
First, I give Obama an "Incomplete" on the economy because he inherited an unprecedented disaster. He did the only thing he could do - he stood back and let the Fed pour money into markets. That's neither good nor bad, it was simply the only option: Keynesianism on steroids. So there is simply no way to know what "his" economy might have looked like under more normal circumstances.
Second, on a macro level, the current economy is nowhere near as good as Trump and his supporters are trying to claim. We're at just a 2.0% GDP, bond yields have crashed by over 50%, Trump exploded the deficit in a time of growth (some Keynes himself was against), we're in a manufacturing recession, the low unemployment rate has failed to create growth-push inflation, and the Fed is having to jump in with lower rates (far earlier than it wanted to) to buoy slowing conditions. Those are just facts.
Is the economy pretty good? Yeah. Are we in danger of slipping into a recession, like the Left wing claims and hopes? No, I don't think so, especially if we get a [good] China trade deal. But the current political rhetoric on the economy is phony and transparently partisan.
.