President Donald J. Trump’s Economic Agenda Is Delivering GDP Growth Once Dismissed as Unrealistic

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“My Administration remains very focused on the issues that will encourage economic growth — that’s what we’re all about”, President Donald J. Trump. Photo The White House  courtesy

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GROWING THE ECONOMY TO NEW HEIGHTS: The American economy continues its strong growth under President Donald J. Trump, with GDP growth reaching 4.1% in the second quarter.

  • With GDP growth reaching 4.1% in Q2 of 2018, it’s clear that President Trump is delivering on his promise to revitalize the American economy.
    • GDP growth is one of the most important economic indicators and shows that America is continuing to grow more and more prosperous under President Trump.
  • Average annual growth has been a strong 2.8% over the past four quarters.
    • During President Obama’s 8 years in office, GDP growth averaged just 1.9%.
  • If our current pace continues, we are on track to see the economy grow over the course of a calendar year by more than 3% for the first time in 13 years.

DEFYING THE CRITICS: Under President Trump, the economy is achieving the kind of growth critics derided as unrealistic. 

  • The Administration has long maintained that implementing the President’s pro-growth economic agenda would lead to at least 3% growth, a prediction met and exceeded in Q2.
  • GDP is now on track for 3.1% growth in 2018, a level of growth that was previously dismissed by the media and economic “experts” as unrealistic.
    • Larry Summers, said 3% annual growth was “fair enough if you believe in tooth-fairies.”
    • The Los Angeles Times’ Michael Hiltzik called 3% annual growth a “pipe dream.”
  • Recent growth stands in stark contrast to the absurd claim by Paul Krugman in 2016 that President Trump’s Presidency would lead to a “global recession.”

AN ECONOMIC RESURGENCE: The latest GDP figures show President Trump’s pro-growth economic agenda is delivering exactly what it promised.    

  • President Trump’s historic tax cuts and deregulation have been key in making higher economic growth possible.
    • Money held overseas is flooding back to the United States following President Trump’s tax cuts and reforms, with companies repatriating a record $306 billion in Q1 of 2018.
  • A stronger economy means more job creation, with more than 3.2 million nonfarm payroll jobs created since President Trump took office.
    • Under President Trump, the number of job openings has surpassed the number of job seekers for the first time on record.
    • Around two-thirds of Americans believe now is a good time to find a quality job, according to Gallup.

The Trump boom even the media can’t ignore

Last week’s jobs report has shined a light on the incredible gains American workers are seeing in the Trump Economy. The media, both liberal and conservative, can’t ignore the story of this remarkable turnaround:

  • THE NEW YORK TIMES: Workers Hardest Hit by Recession Are Joining in Recovery
  • FOX BUSINESS: Millions Drop Off Food Stamps
  • THE HILL: Employment Data Hasn’t Been This Good Since the Days of the iPod
  • CHICAGO TRIBUNE: This Is What a Booming Economy Feels Like

Unemployment dipped to 3.9 percent last week—just the eighth time since 1970 it has fallen below 4 percent. (And nearly half of those occasions happened in 2018.)

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Most important is who is benefitting. President Donald J. Trump promised to look out for Americans from every corner of the country, not the well-connected and powerful. He’s delivered. “The least educated American workers, who took the hardest hit in the Great Recession . . . are a striking symbol of a strong economy,” The New York Times reports.