Short-term econ numbers aren't a good gauge of presidential performance. Or even a good gauge of the economy, esp when there's reason for unusual short-term behavior. And yes, I wrote the same thing (on this very website) when Sept 2017 had the worst job growth numbers in years.
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Most likely cause of high Q2 GDP growth is businesses rushing to get ahead of the trade war. They moved decisions up, which likely means less growth in Q3/Q4. Weirdly, this is one of the few times it's the president's doing. But that doesn't mean tariffs are good for the economy.
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I know people want to treat politics like sports, and econ numbers provide a way to keep score. But quarterly GDP growth is a short-term snapshot. So is monthly job growth. And reading into daily stock market movements is worthless. Either way, says very little about POTUS. (END)
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That's the kind of solid foundational grasp on the mechanics of economic systems that prove you must hate
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Yeah, that must be it.
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