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Originally Posted by bambino
How so? Unemployment at record lows.
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How is the GDP doing?
Trump statement in August 2018, regarding 2Q18 GDP:
"We anticipate this next quarter to be, this is just an estimate, but already they’re saying it could be in the fives," Trump said — meaning GDP growth would top 5 percent. He added that the recent 4.1 percent figure “can go much higher once we get new trade deals.”
Since the beginning of 2018, the quarterly GDP has been 2.5, 3.5, 2.9, 1.1, 3.1, 2.0. 1.9. FY2018 the GDP was 2.9%, after the massive tax cuts to corporations. FY2019 is estimated to be in the low 2s, about 2.2%, and 2020 the same or a bit lower.
We have tariffs which are estimated to be costing the average family in this country $1000 a year. More than the average family received back in the tax reform. Inflation is up. The deficit is soaring. The tax reform has not delivered what it was expected to deliver:
https://www.wsj.com/articles/trumps-...ed-11572447580
Yes, unemployment is at 3.5%, lowest since 1969. I believe the unemployment rate was 4.6% when Trump took office, so it has come down 1.1% in 33 months.
There are obviously many ways to spin numbers. 54% of the people give Trump a positive approval on the economy. I give him a passing grade but it is far from what he promised.