Winstonm, on 2017-December-25, 15:42, said:
GDP is reported quarterly as annualized, meaning that the quarter being reported is quadrupled. A 3% annualized quarter means that the quarter growth was 0.75%. Seeing that the first quarter of 2017 was 1.2%, it will be next to impossible to end 2017 with a true annual 3.0 growth rate.
There were many quarters of 3.0 annualized growth during the Obama presidency.
End fact check.
Editorial: Empty-headed partisan proclamations about Trump's accomplishments may sway simpleton dunderheads - some posters prove that case - but most posters in the WC are made of sterner stuff and require actual real-world data to be convinced.
Here's a better source for Trump's GDP boast, Fortune:
I believe that your statement above is in error and misleading. Was that intentional? A quarterly GDP growth figure of 3% is either a year-to-year comparison or an indication that if the same growth rate were maintained for all 4 quarters the annual growth rate would be 3%.
First quarter 2017 was 1.2%, second quarter was 3.1%, third quarter was 3.2%. Notice the sudden jump after Trump was inaugurated. If the 4th quarter comes in at 4% or greater I believe on a compounded basis that the annual figure will be 3+%. You might check my math. 4% for the 4th quarter is not impossible given that the 3rd quarter was hampered by various national weather disasters. But we will see.
But in any case, the GDP growth since Trump was inaugurated has been significantly higher than during Obama's last year. In fact, GDP growth was significantly slowing down during the last two quarters of 2016 and first quarter of 2017, in contrast to a significant uptick during the 2nd and 3rd quarters of 2017.
You may continue to wave your hands and claim that it has nothing to do with Trump, but shift is a bit startling to say the least.