Monday, September 03, 2018

US economic growth from WW2 to present

Talking about GDP growth, Obama stands out as the ONLY administration that never achieved an annual growth rate of 3% or higher since WW2. Bush Jr, Clinton, Bush Sr, Reagan, Carter, Ford, Nixon, Johnson, Kennedy, Eisenhower, Truman – ALL of their administrations have seen growth of 3% or higher. From this simple but important criteria, 8 years of "hope and change" was the lousiest administration in the US post-WW2 economy.

Source: US BEA.

Meanwhile, this article says,

"Overall, President Obama managed to turn the terrible economic hand he was dealt into a mixed economic record" 

Not true. During that period, 2009-2016, even anemic economies of fellow rich countries managed to grow above 3%: Japan experienced 4.2% growth in 2010, UK grew 3.1% in 2014 while Germany experienced growth of 3.9% and 3.7% in 2010 and 2011, respectively.

There are observations that “Trump is profiting from policies introduced by the Obama administration.” 

Far out. The reality is that Trump is REVERSING, not continuing and profiting from, the Obama policies. Exiting from Paris climate racket, throwing away the clean power plan (CPP), deep tax cut, etc.

Comparing US vs EU growth may be cool but the real economic competition and rivalry is US vs CN. Capitalist and democratic US vs communist and dictatorial CN. CN has weaponized its fast growth and Obama was watching as his interventionist policies have some similarity with CN socialist policies, like singing halleluiah to global ecological central planning.

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