The United States GDP grew in 2016 at a rate of 1.6%. That's a truly terrible number. It marked the eighth year of sub-par growth under the leadership of president Obama.
This 1.6% growth is also the starting number for President Trump. His stated goal is to get growth up to 3.5% - 4.0%. Indeed, the President is taking steps now to try to increase our economic growth and the jobs and prosperity that would bring. The task is not an easy one after all the years of poor policy choices by Obama. The American economy does not and cannot turn on a dime. It will take time to get the engine humming. By next fall, however, we should see some positive effects from the new policies. Hopefully, the Democrats in Congress won't decide that their path back to power is to undermine the economy, but they will instead cooperate in allowing Trump to carry out his policies.
This 1.6% growth is also the starting number for President Trump. His stated goal is to get growth up to 3.5% - 4.0%. Indeed, the President is taking steps now to try to increase our economic growth and the jobs and prosperity that would bring. The task is not an easy one after all the years of poor policy choices by Obama. The American economy does not and cannot turn on a dime. It will take time to get the engine humming. By next fall, however, we should see some positive effects from the new policies. Hopefully, the Democrats in Congress won't decide that their path back to power is to undermine the economy, but they will instead cooperate in allowing Trump to carry out his policies.
No comments:
Post a Comment