8 quarters of 3% or more not bad for coming out of the greatest recession ever
He never achieved that. Sorry.
You are dead wrong Look it up No years bur 8 quarters
He never went over 3% GDP, he also was the only president to lower our credit rating.
More education for republitards
He was correct that America’s gross domestic production growth never hit 3%, annually under President Barack Obama when speaking about his
long-awaited tax reform before a crowd in Springfield, Mo. Wednesday. That comes after the U.S. Commerce Department said GDP growth had hit Trump’s 3% target in the second quarter.
“We just announced that we hit 3% in GDP, it just came out,” the president said.”On a yearly basis, as you know, the last administration, during an eight year period, never hit 3%. So we’re really on our way. If we achieve sustained 3% growth, that means 12 million new jobs and $10 trillion of new economic activity over the next decade. That’s some numbers.”
But the comparison that he made is somewhat misleading. President Trump compared annual GDP growth in the Obama era to quarterly GDP growth in a three month period. And quarterly GDP often isn’t a good indicator for how much an economy will produce over the year, with quarterly GDP growth often differing significantly from the year’s overall GDP growth.
Take the Obama era for example. Between 2009 and 2016, GDP growth reached at or above 3% on a quarterly basis about eight times.