NEC Dir. Hassett Blames ‘The Democrat Shutdown’ for 1.4% GDP

EXCERPT:

HASSETT: "Well, you know, the Democrat shutdown took about 2% off the number, according to the Council of Economic Advisors, so if you are really thinking about what trajectory is the economy on right now, it’s way north of 3. And if you look at the average of the three quarters since President Trump took office, abstracting for the first quarter where there was mostly Joe Biden’s quarter, then we’re looking at growth of 3.2% on average over the year. And so I think if you add back in the government shutdown number, which will bounce back in the first quarter, I think you could say that Trump’s economy is running pretty close to 3%."