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Gross Domestic Product, Fourth Quarter and Year 2019 (Advance Estimate) | U.S. Bureau of Economic Analysis (BEA)
Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.1 percent. The GDP estimate released today is based on...
See any difference in the height of the bars of the last 3 quarters and the 4 quarters in 2016? Remember, all you ignorati types complained how horrible the economy was in 2016 and how horrible it had been managed under the previous administration!
Real GDP increased 2.3% in 2019. Not 3%, not 4%, not 5%, not 6%.
And just to restate the stunningly obvious again:
1. We are running a $1 trillion federal deficit. Deficits juice the economy.
2. We implemented a massive tax cut---but only for the wealthiest. (business investment has been negative in each of the last 3 quarters. Hey Gilligan, you want to explain again how tax cuts would result in a massive business spending boom?)
3. The Federal Reserve has interest rates back down to extremely low levels.
All of the above are intended to juice the economy....and the best we can do is the same level of growth we have had for the past 10 years. This is what Dear Leader and his cult refer to as the "best economy ever"!
Full release and tables are here: https://www.bea.gov/system/files/2020-01/gdp4q19_adv.pdf