That’s an article from the FT. Remember when Trump promised 4% growth (May 2017)? How did that happen?
Figure 1: GDP (black), and the opposite 4% growth (red), both in bn.Ch.2017$ SAAR. The NBER has defined recession days as shaded in gray. Source: BEA, and author’s calculations.
Some apologists will argue that, but in this epidemic, Mr. Trump would have done it. It might be (although as noted before the pandemic, that was highly unlikely). However, even before the pandemic, at the peak of the NBER, the real GDP was 1.2 trillion 2017 $ under Trump’s promise.
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