Opinion: Defying pessimists, the U.S. economy just keeps sprinting ahead
Container ships wait to be unloaded at the Port of Oakland in California on Jan. 28. By Andy Puzder March 4 at 1:42 PM Andy Puzder is the former chief executive of CKE Restaurants and the author of “The Capitalist Comeback.”
By a different measure — year-over-year growth — the rate for 2018, compared with 2017, was slightly lower, at 2.9 percent. But according to the White House Council of Economic Advisers, the Q4-to-Q4 calculation is more informative, because it is “closer to what is meant intuitively in discussions of growth during a certain year.
Contrary to the defeatist narrative that many on the left will surely advance, this economic success is a direct result of the president’s pro-growth policies. Indeed, the boost in economic growth that the country just experienced nearly matches predictions made by the president’s economic advisers, based on the anticipated effects from his economic policies. That is an unusual occurrence in economic forecasting. Those same economic advisers now foresee 3.2 percent growth for 2019.
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