Trumpites are like toddlers. They think nothing of significance ever happened before they opened their eyes. So how much worse is it with Donald Trump’s own callow spawn, Derp Throat Donald Trump Jr.?
Well, little Donny tried to gloat about Daddy’s latest accomplishment on Twitter yesterday and got immediately schooled by someone with access to Google — i.e., CNBC chief Washington correspondent John Harwood.
And though Harwood didn’t go to Wharton, for some reason he still knows how to read a chart:
Of course, those of us in the reality-based community know that Trump’s “success” with the economy is just an extension of Obama’s heroic rescue efforts dating back to the Great Recession. Obama faced a dire economic crisis, likely prevented a depression, created 15 million jobs post-recession, cut the unemployment rate and the annual deficit by more than half, and then humbly went back to the dugout to make way for pinch runner Donald Trump, who’s now standing on third base champing at the bit to steal second.
But despite all evidence to the contrary, Trumpites think we left behind a sour economy that Donald Trump saved singlehandedly by dint of his tiny wizard hands.
As Harwood points out, Obama’s quarterly GDP numbers outpaced Trump’s latest “accomplishment” four times, including in Q2 2014, when the economy grew by a gaudy 5.1 percent.
What’s more, nearly all economists think this quarter will be a one-off — because of Trump’s own economic ignorance and idiotic policies.
From CBS News:
Not even bullish economists expect the pace of the second quarter's growth to continue, however, because it's driven by "a number of idiosyncratic factors that are unlikely to be sustained in the second half of the year," according to Morgan Stanley.
A major factor is the Trump administration's aggressive trade stance, which is starting to be felt in some sectors and is expected to be a slight drag on GDP. The timing of the tariffs, however, has been a short-term growth boost as exporters rushed to finish shipments ahead of tariff imposition dates.
"Anxiety around a global trade war has fueled a jump in U.S. exports ahead of tariffs," LPL Financial wrote in a note. The imposition of broad-based tariffs in early July created a deadline that many U.S. exporters raced to beat, as the narrowing trade deficit shows. "The increase in exports is primarily from increased demand as purchasers try to beat retaliatory tariffs, evidenced by soybeans and civilian aircrafts comprising almost all of the jump in exported goods in May," LPL Financial wrote.
In other words, the only reason Trump hit a GDP number that would rank fifth among Obama’s best quarters is that he’s a moron.
But you knew that already. Maybe someone could inform Jr.
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