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re: Q2 GDP, annualized, quarter over quarter -32.9%
Posted on 7/30/20 at 8:31 am to castorinho
Posted on 7/30/20 at 8:31 am to castorinho
Interestingly now neither Obama nor Trump have a stake at the dubious claim of never having a year with annual GDP of 3% or more as 2015 (3.1%) and 2018 (3%) were both revised upward.
From Ben Casselman at the NYT:
From Ben Casselman at the NYT:
quote:
This definitely qualifies as trivia, especially right now, but for the record: 2018 annual growth was revised back up to 3%. But 2015 was revised up to 3.1%, meaning Trump can no longer claim Obama never had a full year of 3% growth.
1
Posted on 7/30/20 at 8:41 am to buckeye_vol
To see people try to accurately characterize the Obama claim was so funny. To be accurate (before this revision), you had to have made at least (3) qualifiers by my count:
Obama is the only President (1) in recorded history never to have achieved at least 3.0% (2) annual (i.e. calendar year and not four successive quarters) (3) real GDP growth.
Now they're going to have an asterisk to contend with, too
Obama is the only President (1) in recorded history never to have achieved at least 3.0% (2) annual (i.e. calendar year and not four successive quarters) (3) real GDP growth.
Now they're going to have an asterisk to contend with, too
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