Trump’s Obsession With GDP Growth Backfired: Weekend Edition

Aug. 7, 2021, 12:00 PM UTC

GDP Growth Under Trump Was the Worst Since Hoover — Justin Fox

It was the whopping-yet-still-disappointing 6.5% annualized growth number for the second quarter that got most of the attention when the U.S. gross domestic product report came out last week. But the data release from the Commerce Department’s Bureau of Economic Analysis also included revisions to GDP and related measures back to 1999, making this an opportune time to take another look at economic growth under Donald Trump and his predecessors.

This is, let’s be clear from the start, not a perfect way of measuring presidential economic performance. There are lots of things ...

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