direstraits posted:Stanky posted:direstraits posted:The average GDP for the first five quarters of the Trump administration is 2.5 percent. Excluding the first quarter, when Obama was still president for 20 days and his legacy lingered on like a rotten carcass, the average is 2.9 percent.
Couple that with U3 unemployment rate of 3.9 percent (lowest in three decades, per above) and the U6 unemployment rate of 7.0 percent (U6 dropped under 9 percent in 2017, the first time its dropped that low in over 9 years.)
Then, consider the increase in the industrial production index for the last 12 months.
Slowly, but steadily, it appears the US economy is recovering and not lurching along at the bottom, as it did in the past maladministration.
I might note that any present increase in industrial production should be predominately from regulatory reform; it's really too soon to be seeing much effect from the tax cuts yet after just a single quarter. The real world isn't about sudden service via magic wand, it's about slow steady change.
Its the confluence of these three statistics, along with others that show we're finally digging out of the mess left behind. For instance, 2.1 million less on food stamps.
You do realize the Republicans cut food stamps, right? Of course there are less people on them, that doesn't mean less people need them. It means Republicans aren't willing to allow people to have them. Do you ever make a statement that's just plain old truth? It always has to have that Republicans slant on it. A lie wrapped around a small sliver of truth.