The Hill: Slowing economy complicates campaign messaging for Trump
Slowing economy complicates campaign messaging for Trump
By Sylvan Lane and Naomi Jagoda - 02/02/2020
President Trump is heading into the 2020 campaign with a resilient economy behind him and new trade deals under his belt, counting on both to help bolster his reelection odds.
But as Trump claims credit for extending the longest-ever stretch of U.S. economic prosperity, recent government figures show he is falling far short of his promise to accelerate the economy.
Trump took office on a pledge to expand gross domestic product (GDP) at least 3 percent a year. And while he came close to that mark in 2018 through tax cuts and higher government spending, growth slowed to 2.3 percent last year, the weakest annual pace since he took office, according to Commerce Department data released Thursday.
“Whatever short-term boost to the economy resulted from the tax cuts has worn off,” Rep. Don Beyer (D-Va.), the top Democrat on the Joint Economic Committee, said in a statement.
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