Originally Posted by
dawg80
Back to some good news...
For the first time in history a nation's GDP grew by $1 trillion. Yes, that was the US in 2018. That's okay, and a milestone, but it represented only a 2.9% growth rate. Not bad, but after two years Trump is lagging behind Bill Clinton and Ronald Reagan, who had the top two 8-year runs for any POTUS in our history, in terms of economic growth rate. I don't think Trump will enjoy such a run in growth, but if he can get the average to 3% over 8 years, that will be great. We just slogged through the worst 8-year run of any POTUS in history, an anemic annual 1.7% growth rate.
Need to understand, Trump is dealing with a much larger economy than either Clinton or Reagan had, so successes, like that $1 trillion growth, represents a smaller percentage. When Reagan left office the GDP was $5.6 trillion, Clinton left at $10.2 trillion, and our 2018 GDP was $20.4 trillion.