Clarksville, TN Online: News, Opinion, Arts & Entertainment.

The “Trump Bump” is real


The White HouseWashington, D.C. – America’s slow recovery from the Great Recession gave left-wing “experts” a fresh talking point: “secular stagnation.” They excused low growth under former President Barack Obama as a new normal. Lost factory jobs and low wages were merely a sign of the times.
They were wrong. The first 3 years of the Donald Trump Economy prove that low growth is far from inevitable.

The White House - West Wing. (Official White House Photo)

Common-sense policies such as tax cuts, regulatory reform, and energy independence have coincided with a remarkable turnaround: As of the end of 2019, real GDP is 1.4 percent—or $260 billion—higher than economists projected. 
President Trump’s results not only beat expert predictions—they also beat the Obama “expansion” by the metrics. There have been turnarounds or improvements in homeownership, prime-age labor force participation, manufacturing employment, labor productivity, and, crucially, net wealth for the bottom half of American households.
READ: The Trump Boom reversed Obama’s “new normal”




, , , , , , ,


You must be logged in to post a comment.

  • Visit Us On FacebookVisit Us On TwitterVisit Us On PinterestVisit Us On YoutubeCheck Our FeedVisit Us On Instagram
  • Personal Controls