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Can’t blame Biden for trying to polish up the record of the years when he served as vice president, but — seriously? Democrats continually try to diminish the current administration’s economic achievements by suggesting that Trump was handed a booming economy in 2016. Biden in particular seems likely to hit that theme throughout his campaign. And he’ll be just as wrong next year as he is today. For example, soon after Trump took office in January 2017 and the administration forecast 3 percent growth in gross domestic product (the most widely accepted measure of economic health), former Obama administration economist Lee Branstetter said it was “essentially mathematically impossible to get the growth they’re talking about." A few weeks later, Jason Furman — a former chairman of President Barack Obama’s Council of Economic Advisers — predicted a decade of GDP growth “around 2 percent a year.” What else could they say? The Obama-Biden White House had forecast GDP growth in the 4 percent range coming out of the 2008 financial crisis and recession, consistent with the 4.3 percent average in the other 10 post-World War II recoveries. The Obama administration never had a calendar year of even 3 percent; in the post-recession period, the average was 2.1 percent. Under Trump, GDP growth in 2018 — the first year after the Republican tax cuts — averaged 3 percent when measured from the fourth quarter of 2017 through the fourth quarter of 2018.
originally posted by: Quantumgamer1776
You wouldn’t believe the amount of new construction going on around my neighborhood, people remodeling, adding additions, building shops, rebuilding from the ground up.
Not a lot of that was happening during the Obama years, but about the second year of Trump and all the sudden stuff was popping up everywhere.