Friday, January 27, 2017

Obama Winter: Economy grew just 1.6% in 2016

Herbert Hoover birthplace,
West Branch, Iowa
Barack Obama was the first president since Herbert Hoover not to have a year of three percent grown during his term.

Obama Winter is over. Trump Spring is here.

From CNN:
The U.S. economy grew at an annual rate of 1.6% in 2016, the Commerce Department reported Friday.

In the last three months of the year -- between October and December -- the economy grew at an annual rate of 1.9%. It's the slowest pace of growth since 2011.

It reflects how slow the recovery has been for many Americans since the Great Recession, which ended in 2009.

Weak economic growth was a key reason behind President Trump's election. He promises to get growth up to 4% a year, something that hasn't happened since the late 1990s.

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