Lot's of things elude democrats.... Obama, 1.5% average GDP growth over 8 years......... What a joke.
http://observer.com/2017/10/economic-growth-is-not-a-mystery-yet-it-eludes-democrats/
When America has followed pro-growth economic policies, its economy has grown at a real annual rate of 3.5 to 4 percent. At 4 percent real growth, the real economy, and national income, double every 18 years.
After another 18 years, they double again, making them 4 times as large, because the multiplication is geometric, compounding year after year.
After another 18 years, about half a century, they double again, to 8 times as large. That is how America became America. That is how the American Dream was born.
As economic historian Brian Domitrovic wrote in his pathbreaking book Econoclasts, “The unique ability of the United States to maintain a historic rate of economic growth over the long term is what has rendered this nation the world’s lone hyperpower.”
America sustained a 3.3 percent rate of real economic growth from 1945 to 1973 and the same 3.3 percent from 1982 to 2007. It was only during the stagflation 1970s, when McGovern Democrats and their liberal Keynesian economics ruled Congress, and under President Obama that the U.S. economy fell short.
http://observer.com/2017/10/economic-growth-is-not-a-mystery-yet-it-eludes-democrats/
When America has followed pro-growth economic policies, its economy has grown at a real annual rate of 3.5 to 4 percent. At 4 percent real growth, the real economy, and national income, double every 18 years.
After another 18 years, they double again, making them 4 times as large, because the multiplication is geometric, compounding year after year.
After another 18 years, about half a century, they double again, to 8 times as large. That is how America became America. That is how the American Dream was born.
As economic historian Brian Domitrovic wrote in his pathbreaking book Econoclasts, “The unique ability of the United States to maintain a historic rate of economic growth over the long term is what has rendered this nation the world’s lone hyperpower.”
America sustained a 3.3 percent rate of real economic growth from 1945 to 1973 and the same 3.3 percent from 1982 to 2007. It was only during the stagflation 1970s, when McGovern Democrats and their liberal Keynesian economics ruled Congress, and under President Obama that the U.S. economy fell short.
