As we told you earlier, there was some good economic news for the U.S. this morning:
Hellooo MIDTERMS! Q2 GDP full of GREAT news for Americans but BAD NEWS for Dems "running" against Trump https://t.co/fuf5ImD3zE
— Twitchy Team (@TwitchyTeam) July 27, 2018
However, CNBC’s John Harwood reminded everybody that while that’s a good number, it’s not Obama-level good:
strong 4.1% growth under Trump in Q2 of 2018 would rank as 5th strongest Q of Obama presidency
—5.1% Q2 2014
—4.9% Q3 2014
—4.7% Q4 2011
—4.5% Q4 2009
— John Harwood (@JohnJHarwood) July 27, 2018
The MSM has its spin and we expect the Dems to pick up on it as well. However, others wanted to add some context to Harwood’s tweet about Obama-era GDP:
One quarter doesn't mean a thing . Average quarters and you will have a trend. Obama never averaged more than 2%.
— Carl Saxon (@cpaman99) July 27, 2018
Hmmm…what were his annual growth rates, hack?
— CM (@bulldogfan26) July 27, 2018
Q2 and Q3 2014 is Obama’s 6th year in office.
Q4 2011 is Obama’s 3rd year in office.
Q4 2009 are you like to Thank George W Bush?
So Q2 2018 (under 2 years since Trump is in the office) you like comparing to Obama ? Yeah Nice! SMH
— Johannes Sofyan (@JohannesSofyan) July 27, 2018
obama didnt even average 2
a LOST decade
no wage growth
such a waste
but on the bright side
america is back
— marco polo (@wogdoggy) July 27, 2018