The year 2017 has seen economic growth that has only been hoped for the previous eight years. Because this happened under the auspices of President Trump, he would naturally expect to receive the credit for being the cause of the success. Because no economy lives in a vacuum, President Obama thinks that his policies leading up to 2017 were the causes for the great improvement. When in doubt, go take a survey. Here is what a large group of economists have to say.
As Written and Reported By Ryan Saavedra for the Daily Wire:
President Donald Trump has repeatedly touted the flourishing economic climate in the United States as being one of the major successes of his administration — a fact that goes either largely unreported in the media or is reported as the fruits of the Obama administration. But a new report shows that economists agree with Trump’s assessment.
The Wall Street Journal asked 68 economists spread across academia and throughout the business world who was responsible for the booming economy, and, “happily for President Trump, the pros agree with him,” The Hill reported. “A recent survey of economists suggest it is President Trump, and not Obama, who should be taking a bow.”
Key takeaways from the report:
- Most of the economists said Trump was “‘somewhat’ or ‘strongly’ positive for job creation, gross domestic product growth and the rising stock market.”
- The experts said Trump’s decision to cut regulations and cut taxes were a major factor.
- The group gave Obama “neutral-to-negative for GDP growth and negative for long-term growth,” while scoring Trump as “neutral to positive for long-term gains.”
- The group of economists said Trump scores higher than Obama because business confidence is higher and business investments are increasing under Trump…….
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