Day: August 3, 2019

Job Growth under Trump still less than during the Obama Presidency

Trump is fond of defending his economic record. But even there he’s second rate:

Donald Trump has now been in office for 30 full months – February 2017 through July 2019 – and in that time, the economy has created 5.74 million jobs. In the 30 months preceding Trump’s presidency – August 2014 to January 2017 – the economy created 6.61 million jobs.

The economy is not really growing all that much despite all the big promises from the ‘great leader:’

If the U.S. economy ever enjoyed a “Trump bump,” then it has been replaced by a “Trump slump.”

New GDP numbers released Friday showed the economy grew 2.5% last year– decent, but not the 3% President Donald Trump promised to deliver with his buffet of tax cuts and deregulation. And the economy slowed to a 2.1% annualized rate in the latest quarter – again, not horrible, but off the pace of the past decade and slowed by Trump’s ready-fire-aim approach to global trade. Presidents don’t really have that much influence on economic growth, notes Justin Fox; but the “economic turnaround of historic proportions” Trump promised is hard to discern from 30,000 feet: