Who didn’t know the Sun would bite for this two-day-old story from The New York Times?
The piece reports “the economy is following the upward trajectory begun under President Barack Obama” — even though the U.S. GDP shrunk in the third and fourth quarters of 2016, dropping from 0.57 in the second quarter to 0.48 in the third and 0.44 in the fourth.
In fact, Investor’s Business Daily points out the same NY Times predicted in January 2017, after the government reported that GDP growth for all 2016 was a mere 1.6 percent, that “President Trump’s target for economic growth just got a little more distant.”
That story further stated:
But however solid, the recovery under President Barack Obama never reached exuberance. It is the second longest recovery in American history but the first in the postwar era in which growth for a full year did not hit 3 percent. …