Originally posted by JimRaynor
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Obama started low, ie after a recession.
Yet he only managed to grow GDP 2% annually with that low a baseline.
That's pathetic.
Hell, Trump has it growing by 3% annually, and he's not even done a full year yet.
And it must be stressed, Trump has a higher baseline. The Trump GDP growth is very impressive, and it's just getting going.
The grubers are fixing to see some serious growth on the level of the 1980s. Watching them try to deny it has anything to do with Trump's policies is going to be fun to watch.
Originally posted by JimRaynor
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First off, growth was not better in the 1970s compared to the 1980s. He's either lying or repeating lies the Democrats told him.
And yes, that's counting inflation.
We haven't really had inflation for over a generation. People don't know how bad inflation is.
My dad put it this way: He said he got bigger raises in the 70s, but because of inflation our standard of living was worse off even with those bigger raises.
The raises in the 80s for him were smaller, but with inflation gone we lived a lot better.
I'm stunned anyone can think tax increases cause prosperity. The government is taking more money from consumers with tax raises. How the hell does that lead to an expanding economy???
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