"Economist @paulkrugman Says GDP Won't Grow by 3%"
Krugman said this in Mar 2017. Let's revisit it with the Sep 2018 job numbers
Krugman said this in Mar 2017. Let's revisit it with the Sep 2018 job numbers
“We’re pretty close to full employment” @paulkrugman
Unemployment:
—THEN: 4.5% in March 2017 when this statement was made
—NOW: 3.7% in Sep 2018
That 0.8% difference is equivalent to 2,898,000 million more people employed
Unemployment:
—THEN: 4.5% in March 2017 when this statement was made
—NOW: 3.7% in Sep 2018
That 0.8% difference is equivalent to 2,898,000 million more people employed
THEN: “The sustainable pace of growth does not look like it’s above 2%...there’s nothing in policy that would raise the growth rate [to 3%]. Nobody. You could make me total dictator and do everything I think would work and it still wouldn’t get you up more than a few tenths of %”
NOW: The avg. annualized GDP growth rate from Mar-17 to Jul-18 is now 2.9%
Krugman said "nobody" could raise the growth rate to 3%.
That 0.9% of additional growth is worth $167,130,000,000
Krugman said "nobody" could raise the growth rate to 3%.
That 0.9% of additional growth is worth $167,130,000,000
If "nobody" could get to 3%, then it's not a continuation of Obama is it? 🤔
If Trump changed Obama's policies on energy, trade, tax cuts & deregulation, then it sounds like *some* policies could raise the growth rate, just not the ones Krugman preferred? 🤔
/ENDS
If Trump changed Obama's policies on energy, trade, tax cuts & deregulation, then it sounds like *some* policies could raise the growth rate, just not the ones Krugman preferred? 🤔
/ENDS
