You really can’t believe that. When something stops growing you do not follow the old trajectory but have to reset your growth trajectory. Just as we are doing now.
Which was supposed to be fixed on day one but now we see that isn’t going to happen.
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In principle, there are some stated policies that I could get behind, but the way things are being done now is toxic.
Steve
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Exactly.
Democratic pro-immigration me WANTS immigration to be tightly planned and controlled, but the GOP and too many Dems as well are perfectly happy with doing NOTHING to stop major USA employers from egregiously hiring undocumented workers, which is the sole reason most illegal immigrants claw their way in.
The current administration is going not for results but for a terrorizing drama against those workers, mostly on racial bases, a drama primarily to please their base while actually worsening the situation.
And the political conversation about inflation is so pathetically ignorant and stupid as to make one despair — the time lags between cause and effect is long, the underlying reasons for the bigger swings are mostly mismanagement of the fiscal policy forcing nasty monetary policy, and on and on. Teaching basic economics should be part of the common core curriculum, but it no longer exists anyway….
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Absolutely true. Obama’s economic momentum lasted into 2019-2020–when Covid became a national emergency. THAT is what tanked the economy. Companies want to make profits–and the economy created by Obama’s policies did exactly that. They would not stray from that gravy train unless forced–which is one of the primary reasons for the Excremental Output from the 2025 inauguration. They force companies to make changes that sharply harm their profitability. Business will NOT forget that point–and will act accordingly.
Yes, immigration should be handled in a rational, organized manner. Yes, cities and states that proclaim they are “sanctuaries” should be sanctioned by the federal government. But the way it is being done is stunningly racist.
Yes, promoting productive endeavor in the US, ie building the stuff we want here, is both a national security issue, and a social harmony issue, by addressing the concerns of the 77M people who indicated last fall that they are fed up with being treated like expendable meat. But triggering a trade war with oppressive tariffs and adopting a “negotiation” style of bullying, verbal abuse, and threats, to beat the counter-parties into submission, is toxic.
Steve
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Heh, a few trillion in cash injected will tend to do that. 
I don’t honestly know how much money Canada printed during that time, and this is purely a guess, but I would bet they printed less than we did.
Hawkwin
Open to being incorrect.
Leap, follow along and read. From the US Bureau of Economic Analysis:
“Real” or “chained” GDP numbers have been adjusted to remove the effects of inflation over time, so different periods can be compared. “Current-dollar” or “nominal” GDP estimates are based on market prices during the period being measured.
Macrotrends was using constant ‘real’ dollars and calling them ‘current’ dollars.
DB2
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This is what you are getting wrong. The other chart you are okay with.
It was that opinion people have a problem with.