With Gross Domestic Product hitting 4.1 percent for the second quarter — on track for the highest annual growth rate in more than a decade — the predictions by Democrats that a Trump administration would spell doom for the economy are being recalled.
During the 2016 election campaign, Democratic leaders not only insisted a 4 percent GDP was a thing of the past, they warned Trump would make Obama’s moribund economy much worse.
The Gateway Pundit blog, which noted Obama was the first president never to reach 3 percent annual GDP, published a flashback of some of the more prominent quotes.
Hillary Clinton: “Trump’s policies would throw us into a recession, the last thing we need.”
Obama: “What magic wand do you have? And usually, the answer is he doesn’t have an answer.”
Economist and New York Times columnist Paul Krugman: “So we are very probably looking at a global recession, with no end in sight.”
Business mogul Mark Cuban: “In the event Donald wins, I have no doubt in my mind the market tanks.”
Trump, commenting on the release of the second-quarter figures Friday, said the U.S. is “on track to hit the highest annual growth rate in over 13 years.”
“And I will say this right now and I will say it strongly, as the deals come in one by one,” he said, “we’re going to go a lot higher than these numbers, and these are great numbers.”
The Gateway Pundit also posted a graphic of old news headlines, showing the media was as dismissive of Trump’s confidence in his policy proposals as the Democrats were.