The Obama Recovery scored another failing grade.

Of course the Marxist members of the national media will blame the 1 Q GDP number of 0.7% on Trump,  despite the absolute fact that nothing Trump has done has had time to be fully implemented.  The full Trump cabinet is not in place,  and,  the Dems have sworn to oppose any effective legislation coming from the GOP camp.  

Add to these facts, the reality that consumer spending came in at 0.3% for the same first quarter after three quarters of robust spending.  Understand that 70% of our nation's economy (GDP) comes from consumer spending.  Also,  keep in mind the fact that the "1st Quarter" comes after the Xmas season and its inherent big spending season.

Finally,  you should know that the Reagan policies took two years to effect the economy.  

Now you know. 

2 comments:

  1. Then why have you been giving Trump credit for the stock market since before January?
    Hypocrite.

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    1. Answer: The Market is not linked to GDP and jobs creation, but you already know that, so, who is the real hypocrite? And the Trump Market Bump (2000 points) began the day after the Inauguration . . . . for the first time since 1961.

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