2014? I do not recall a hot economy at any point under Obama. Do I misremember?
Obama’s GDP fluctuated a lot. I think the 4% in 2014 was preceded by a really bad quarter.
I had the same thought. Can anyone verify? Perhaps there was a quarterly area that was an outlier.
Rush looked into it since he didn’t remember either. He said, it was about Obama tinkering with the GDP metrics. Something about adding intellectual property of some sorts to the GDP, and massive government Quantitative Easing for the stock market. And other big growth in government. It wasn’t about real private sector growth that would be GDP sustainable.
4.0% growth was reported on Friday
Mid-week, the following, on page 9, it was revised to 2.6%