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“President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration. He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers….ever.”
– President Donald Trump
The economic report is an annual report to Congress on the state of affairs regarding the U.S. economy and related policies by the Executive Branch. According to the report released today more jobs have been added and the unemployment rate continues to drop.
The unemployment rate is the lowest it has been in fifty years.
“The current economy is not a continuation of expansion after the Great Recession. Those who say this is currently a continuation of the past expansion are contradicting what they themselves said in 2016,”
– Tomas Philipson, acting chairman of the White House Council of Economic Advisers
There is no argument that the economy has improved since President Trump has been in office. At this point it is too early to tell the impacts of his tax cuts on the U.S. Economy.
The report begins…
“To the Congress of the United States:
Over the past three years, my Administration has championed policies to restore the United States’ economic strength, propelling growth to levels far exceeding preelection expectations. These results did not come about by accident. Instead, they were supported by our foundational pillars for economic growth that put Americans first, including tax cuts, deregulation, energy independence, and trade renegotiation. Our success has created a historically strong labor market and greater economic security for millions of American families.”
“My Administration’s focus on economic growth comes from a deep appreciation of the power of work to drive the economy and transform lives. The truth is, jobs do not just provide paychecks; they give people meaning, allow them to engage with their communities, and help them reach their true potential. As we have shown, the right policies offer Americans paths to self-reliance rather than trapping them in reliance on government programs.”
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