Even those who aren’t fans of President Donald Trump sometimes give him credit for the strength of the American economy. I’ve argued before that this is largely misguided because presidents’ impacts on the economy are hard to evaluate and are typically exaggerated.
But new data released Friday further undermined the claims of Trump’s economic prowess, deflating the myths around his administration’s supposedly growth-inducing tax cuts and deregulation.
The U.S. economy grew by only 2.1 percent in the second quarter of 2019, according to new data by U.S. Bureau of Economic Analysis.
View the complete July 27 article by Cody Fenwick on the AlterNet website here.