This place has pushed back on the rosy stories from the Trump admin people on the ‘Great’ Donald Trump economy…
It’s been bull shit.…
The American GDP has been SLOWING since Donald Trump got his day job….
In MORE bull shit ?
Donald Trump promised everyone he’s engineer 4% GDP growth?
How about close to HALF THAT?
Budget busting ….
Clamping down on immigration….
All this has NOT made the American economy BETTER….
The snake oil salesman just keeps’s snowing America and his parties lawmakers are backing his ACT….
The U.S. economy grew 2.1% in the fourth quarter, closing out a year in which gross domestic product decelerated to its slowest pace in three years amid a continuing drag in business investment.
The GDP increase matched the third quarter and met expectations of economists surveyed by Dow Jones. For the full year, the economy grew 2.3%, below the 2.9% increase from 2018 and the 2.4% gain in 2017, the first year of Donald Trump’s presidency, according to the initial estimate released Thursday by the Commerce Department.
The move in 2019 was well below the White House’s projections following the 2017 tax bill that cut corporate and individual rates. The administration has said the stimulus would lead to GDP increases of at least 3%, but that hasn’t happened yet….
Government spending also contributed to growth during a year in which the U.S. budget saw its first $1 trillion deficit since the early days of the economic recovery from the Great Recession.
Government consumption expenditures and gross investment increased 2.7%, pushed by a 4.9% rise in defense spending. State and local government spending also rose 2.2%. The Congressional Budget Office this week released revised projections that see trillion-dollar fiscal deficits well into the future. The budgetary red ink has fueled a national debt that has now swelled past $23 trillion.