AZGrizFan wrote:JohnStOnge wrote:
Now, see, when you quote that one wonders why one thinks that means things are better now under Trump. It's saying that it's the best 1st quarter growth rate since the one that happened during Obama's second to last year. And if you look it up you find that the 1st quarter growth rate during Obama's second to last year was slightly higher than 3.2% at 3.3%.
So...like...the fact that it was the highest first quarter rate since it happened under Obama is supposed to make everybody thing "OH WOW! THINGS ARE REALLY A LOT BETTER NOW!"
You’re right, John. Because economic conditions in 2015 were EXACTLY like they are today. Obama achieved 3.3% in a zero rate environment after THREE massive QE’s. Trump achieved 3.2% in the face of NINE rate increases and the Fed unwinding their balance sheet, but you already knew that. You seriously need to just STFU when it comes to economic discussions.
You are really, really reaching now. Sure, there are all kinds of differences between what was going on during Obama and what has been going on during Trump. One of them is that Obama took over when an economic crisis was going on. We were in the midst of a severe recession. Trump took over when we were already in a well established economic recovery.
It's not to say either Obama or Trump caused anything. It's just that if you are just looking at what the economy has done over time it's not a situation where the economy was "bad" then Trump took over and now it's "good." It's just not. With respect to GDP the only change is that variation in quarterly GDP growth has decreased. Annual GDP growth, so far, has been consistent with what it's been during the now 10 year long expansion.