Barack Obama decided to use Presidents’ Day to get in an argument with another president.
Well, okay, but the average GDP growth rate under Obama averaged around 2 percent, among the lowest of any modern president. Meantime, wages stagnated and the worker non-participation rate in the economy was at levels not seen since the 1970s. The economy grew just 1.6 percent in Obama’s final year.
Trump’s GDP growth has been about 2.5 percent, which is just average, though higher than Obama’s. Meantime, wages are rising and the worker participation rate is slowly recovering.
Of course, Trump was not pleased.
Left out of all this? Both Trump and Obama had helped fuel economic growth with massive federal deficits in a climate of low interest rates.
Not a particularly sustainable way to do this.