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Message Subject
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The Trump Gong Show is Over: US economy in freefall collapse.
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Poster Handle
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Anonymous Coward |
Post Content
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Growth under Trump has averaged far less than the 4 percent to 6 percent per year that he promised repeatedly, both when he was a candidate and also as president. The economy grew only 2.2 percent during his first year, and continued at a 2.2 percent yearly rate in the first quarter of 2018, according to the Bureau of Economic Analysis. It then spurted to a 4.2 percent annual rate in the second quarter of 2018. Trump proudly claimed credit. But it then fell back to a 3.4 percent rate in the third quarter. The economy slowed even further in the first quarter of 2019. The “GDPNow” forecast produced by the Federal Reserve Bank of Atlanta projects that the fourth-quarter growth rate will come in at 1.5 percent. [ link to www.frbatlanta.org (secure)]
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