 It was the whopping-yet-still-disappointing 6.5% annualized growth number for the second quarter that got most of the attention when the U.S. gross domestic product report came out last week. But the data release from the Commerce Department's Bureau of Economic Analysis also included revisions to GDP and related measures back to 1999, making this an opportune time to take another look at economic growth under Donald Trump and his predecessors. This is, let's be clear from the start, not a perfect way of measuring presidential economic performance. There are lots of things that determine economic growth rates other than who is in the White House, and when a president does make a difference the results may be felt long after he's left Washington. Still, it's a widely used metric and Trump was downright obsessed with it, so here goes. OK, maybe that GDP obsession didn't work out so well for Trump.
Read the whole thing. The Future Will Be Weirder Than We Think — Tyler Cowen Kamala Harris Deserves More Credit — Jonathan Bernstein Trump Is Wrong About Congress and His Tax Returns — Timothy L. O'Brien As the Next Waves Arrive, Think of the Kids First — Andreas Kluth Brexit's Feared Diplomatic Crises Have Begun — Max Hastings The Unbearable Cost of Waging a Forever War on Covid — Ramesh Ponnuru So, You've Maxed Out Your Retirement Contributions. Now What? — Erin Lowry Biden's Rebuff to Supreme Court on Eviction Ban Will Backfire — Noah Feldman California Will Pay You Handsomely to Stay Off the Grid — Liam Denning Here's what we've been talking about this week. This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. |
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