The fact is?
Despite all of the media and Trump stories about a GOOD US economy?
Things are softening up….
All the rosy employment talk is spotty at best….
Weighted down by Trump?Republican tax cuts/giveaways…
Worries about trade import/export fee hikes….
Business exits to cheaper countries …
And Immigration clamp downs?
And a government shutdown over wall money….
America does NOT have a growing economy….
(Go ask the Fed Chairman also)
Donald Trump has touched something and is turning it to shit….
HIS perception about the countries economic health is about collide with a reality that may hurt him more than all the probes into his illegalities ….
The U.S. economy grew 2.2 percent in the final quarter of last year, the Commerce Department said Thursday, less than the 2.6 percent the government initially estimated and another sign of a slowdown.
President Trump, however, has focused on how fast the economy grew in 2018, which was widely expected to be a strong year after the GOP tax cuts and infusion of more government spending. Trump contends the economy is taking off, while most economists say growth peaked last year.
Trump has been touting 3.1 percent economic growth in 2018. But officially, the Commerce Department said Thursday, the economy grew 2.9 percent last year.
There are two main ways to calculate GDP growth. The White House method is to calculate the change from the fourth quarter of 2017 to the fourth quarter of 2018, which is preferred by many economists, including the Federal Reserve. The Commerce Department reported Friday that measure of growth was revised down to 3 percent.
The official government GDP statistic, however, is calculated by comparing how many goods and services were produced in 2017 ($18.6 trillion) with 2017 output ($18.1 trillion). That change is 2.9 percent….