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Economy Grew Less Than Trump Claims

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Washington Post: “The U.S. economy grew 2.2 percent in the final quarter of last year, the Commerce Department said Thursday, less than the 2.6 percent the government initially estimated and another sign the economy is slowing.”

“President Trump, however, has focused on how fast the economy grew all of last year. Trump has been touting 3.1 percent growth in 2018. Officially, the Commerce Department said Thursday the economy grew 2.9 percent last year, slightly below Trump’s claim.”

New York Times: “Trump’s re-election could hinge on whether he is right about the economy, and nearly every other forecaster is wrong… But if he is wrong and the economy cools, Mr. Trump will have no one to credibly blame — and few places to turn for another jolt of stimulus if the United States slides into an economic contraction or recession.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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