No matter your political affiliation there is really no quantifiable argument to dispute that our unorthodox president has over delivered on his over the top promises regarding our economy.
The Commerce Department released 2nd quarter numbers this morning. Some bullet points.
GDP rose to 4.1% (economists laughed when he promised 3% annual GDP growth during campaign). GDP growth in Obama's final year was 1.6%.
Unemployment dropped to 3.7%-the lowest in 50 years. There are now more job openings than job seekers. The unemployment rate for African Americans, Hispanics, Asians and women are now at the lowest level in recorded history.
Wages increased by 2.7%
The number of people on food stamps decreased by 3 million, under the Obama administration the number increased by 10 million.
95.1% of manufacturing companies reported a positive outlook for the future-the highest number since post WW11. Under Obama there was a net loss of 200,000 mfg jobs, since Trump was elected there has been a net gain of 344,000 mfg jobs.
Private Business Investment now at 9.4%. In his first full year it was at 6.3%. In Obama's final year in office it was at 1.8%
And the biggie- The trade deficit decreased by 52 Billion, the largest decrease in decades.
I'm not a political junkie, and things could change, but if Clinton was right when he said "its the economy stupid" then the republicans will retain both houses in the midterm and Trump will get reelected. Can't fathom the electorate opting for Bernie Sanders or another left leaning candidate in the midst of an historic economic boom.
The Commerce Department released 2nd quarter numbers this morning. Some bullet points.
GDP rose to 4.1% (economists laughed when he promised 3% annual GDP growth during campaign). GDP growth in Obama's final year was 1.6%.
Unemployment dropped to 3.7%-the lowest in 50 years. There are now more job openings than job seekers. The unemployment rate for African Americans, Hispanics, Asians and women are now at the lowest level in recorded history.
Wages increased by 2.7%
The number of people on food stamps decreased by 3 million, under the Obama administration the number increased by 10 million.
95.1% of manufacturing companies reported a positive outlook for the future-the highest number since post WW11. Under Obama there was a net loss of 200,000 mfg jobs, since Trump was elected there has been a net gain of 344,000 mfg jobs.
Private Business Investment now at 9.4%. In his first full year it was at 6.3%. In Obama's final year in office it was at 1.8%
And the biggie- The trade deficit decreased by 52 Billion, the largest decrease in decades.
I'm not a political junkie, and things could change, but if Clinton was right when he said "its the economy stupid" then the republicans will retain both houses in the midterm and Trump will get reelected. Can't fathom the electorate opting for Bernie Sanders or another left leaning candidate in the midst of an historic economic boom.
