Posted on 06/08/2017 8:37:01 AM PDT by davikkm
President Trump has said on multiple occasions that he inherited an economic mess from his predecessor. The mainstream media fact checkers moved quickly to disprove him, pointing to the grossly misleading low unemployment rate as all the proof you need. While the current economy looks better on the surface compared to 2009, there are still many danger signs pointing to perhaps a second Great Recession coming much sooner than you think.
Just about all presidents discuss the direness of the economy in order to quickly claim credit for any uptick in growth, blaming the current state of affairs on the previous administration’s policies. While many think the chief executive has the ultimate power to steer our economy in the right direction, he or she can only do so much. But the blame game is useless. Let’s stick to the economic reality.
Early signs were positive for the Trump administration since taking office. Consumer confidence was up and job announcements were coming left and right as retail sales beat expectations. However, a quarter of tepid growth for the first three months of the year quickly put a damper on automatically revving the American economy back into high gear all the way to 3-4% GDP growth per year.
(Excerpt) Read more at investmentwatchblog.com ...
Atlanta Fed is predicting Q2 GDP at 4%.
ADP had 253k new jobs in May.
145k needed to keep up with population growth.
ADP had 298k in Feb.
263k in March.
177k in April.
Markets just hit new all time high.
IMO ..... to President Trump ..... just another challenge.
Do a title search, here on FR, of just ADP.
Look at the difference in numbers from those posted in 2017 vs 2016.
The difference is YUGE
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