WASHINGTON — With the US presidential campaign heating up, the White House continues to look backward, comparing President Donald Trump's economic record to his predecessor Barack Obama.
Despite numerous projections in 2016 that the US economy would slow by now, "the Trump economy has shattered those projections in pretty much all dimensions," Philipson told reporters. The $21 trillion economy grew by 2.3 percent last year compared to 2.9 percent in 2018 amid myriad trade conflicts, especially with China, which economists say constrained investment.
I am here in the US and I can attest that the economy is down compared to the previous administration. Prices of commodities are high, wages are low, taxes are unreasonably confusing. So what is the trumpet all about?
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