BUSINESS
Don’t listen to the naysayers — Trump’s economy is booming
By Jonathon Trugman
March 2, 2019 | 9:12pm
Donald Trump
AFP/Getty Images
It’s very strange how politically bent “economists” can look at President Trump’s raw economic data and question his success.
Last week’s strong GDP report of 2.9 percent growth for 2018 was the latest surprise upside of the Trump economy, much to the disappointment of the many naysayers.
The 2.9 percent is up from the 2.2 percent in 2017, which included President Obama’s 1.8 percent for the first quarter. Trump’s two-year average is 2.6 percent GDP growth.
President Trump has had seven consecutive quarters of 2 percent-plus growth — despite the Fed having raised rates eight times and trimming its balance sheet.
That growth also comes while placing tariffs on China and Europe to restructure trade for the long-term good of the US economy.
New hires are also soaring. In December and January, the US added more than 600,000 jobs in 60 days.
All that despite the longest government shutdown in history.
And yet the dumbest guys on the street are still calling for a recession.
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READ MORE: https://nypost.com/2019/03/02/dont-listen-to-the-naysayers-trumps-economy-is-booming/
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