Republicans and Trump think that they can run on the economy in 2020, but the Trump economy is growing less than Obama’s.
CNBC’s John Harwood tweeted on the demise of Trump’s so-called “greatest economy in history:”
abracadabra update:
growth declined steadily through rest of 2018
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4.2% in Q2, 3.4% in Q3, 2.2% in Q4
average annual 2018 growth per BEA today:
2.85%, just below 2.88% during Obama presidency in 2015 https://t.co/icmLjs1UhM
— John Harwood (@JohnJHarwood) March 28, 2019
As CNBC reported in February 2019, the Trump economy is expected to continue its decline:
For the rest of the president’s term, economic forecasters agree, that number will decline.
“2018 will be the high-water mark for growth in the Trump administration,” Zandi predicted. He expects the decade-old economic expansion will shrink to 1.1 percent growth in 2020, with a better-than-even chance of recession.
The Trump economy is slowing. It is another area where Trump has failed to match Obama even though he falsely claimed that Obama’s economic performance was terrible and a failure. Trump isn’t measuring up to Obama and when the 2020 election rolls around, there is a good chance that the country will be in recession. An unpopular president with a nation in a recession is the perfect storm for electoral defeat
Trump’s “greatest economy ever” is a flop, as his bluster can’t match up with what Obama delivered.
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Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
