What History Has to Say About the Economy Trump Will Inherit

[DonViejo]

The economy was stronger in 2016 than several previous election years

by Andre Tartar
December 29, 2016, 12:00 AM EST

Research suggests factors beyond the control of any U.S. president, not their actual policies, set the course of the economy. Yet with voters, President-Elect Donald Trump will secure much of the praise or blame when it comes to the impact of his agenda over the next four years.

Here are six charts that illustrate the economy that Trump — who wants to focus on "jobs, jobs, jobs" — will inherit from President Barack Obama and how it compares with historical standards.



Gross domestic product is chugging along, growing at a 1.7 percent pace in the year through the third quarter. That's slower than what most prior administrations faced, and comes against a backdrop of weak global demand, aging demographics and tepid corporate investment. Trump has said he's aiming to achieve 3.5 to 4 percent average annual growth, even as real GDP expansion is projected to average just 2.2 percent next year and 2.3 percent in 2018, according to economists.

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https://www.bloomberg.com/news/articles/2016-12-29/what-history-has-to-say-about-the-economy-trump-will-inherit

[louis-t]

1. 19 states will increase minimum wage on Jan. 1.

Drumpf will take credit for that, too.