Say what you want about President Donald Trump, he sure knows how to ignite a sluggish economy. Today, the economy posted 3.2% growth. Translation: the economy is on fire.
Sure, the expansion began under President Obama, but Trump has accelerated growth with his favorable economic policies like tax cuts and removal of red tape. See, that allows people and the private sector to stimulate the economy, not the bloated government. Under the Obama administration, growth over 3% was considered a pipe dream.
In fact, Larry Summers, former director of the National Economic Council, wrote this in the Washington Post about Trump’s economic plans when Trump was a candidate for President:
“Apparently, the budget forecasts that U.S. economic growth will rise to 3.0 percent because of the administration’s policies — largely its tax cuts and perhaps also its regulatory policies. Fair enough if you believe in tooth fairies and ludicrous supply-side economics.”
Let’s just say that we believe in the tooth fairy.
What’s amazing is that Democrats are actually campaigning against this economy. Good luck with that.