Politics

FLASHBACK: Economic ‘Experts’ Predicted 4-Percent Growth Would Never Happen

Amber Athey White House Correspondent
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The United States hit its highest economic growth rate in roughly four years on Friday — something many economists predicted would never happen.

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Gross domestic product (GDP) grew to a 4.1-percent rate in the second quarter of 2018, compared to just 2.8 percent in the second quarter of 2017. (RELATED: US Economy Grew At 4.1 Percent Rate In Second Quarter Of 2018)

Meanwhile, CNN ran a headline in October of 2016 claiming, “Donald Trump promises 4-percent growth, but economists say no way,” and the Los Angeles Times ran a column with an even more dire prediction — that Trump was “dreaming” to think he could hit a 3-percent growth rate.

“An aging population and stagnant productivity could put Donald Trump’s goal of 3.5-percent economic growth out of reach,” the Wall Street Journal similarly wrote in December of 2016.

Businessman and Dallas Mavericks owner Mark Cuban predicted that the markets would tank if Trump were elected president in 2016.

And, of course, former Secretary of State Hillary Clinton warned that the economy would fare quite poorly under her 2016 opponent.

“Just like he shouldn’t have his finger on the button, he shouldn’t have his hands on our economy,” Clinton said during the election.

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