US Real GDP growth -- real facts, not "alternative facts".

An excerpt from 
my recently published
ECONOMIC LOGIC 
newsletter,
is reformatted here 
for easy cell phone reading.
It was on the first page, 
but was off topic for the issue
(not related to crypto-currencies 
or the Trump trade war), 
so may have been overlooked:

" … I’ve been noticing

that historical Real GDP 

growth numbers 

are often wrong on TV 

-- one pundit claimed 

Obama had 1% growth 

and Trump had 4% growth 

-- possibly quoting 

a Trump Tweet. 

Here are the facts: 

Obama, 

for 2010 through 2016, 

had +2.2% average growth. 

Trump was +2.2% in 2017. 

In 2015, Obama had +2.9% growth. 

For Trump, 

1Q 2018 

was up +2.8% 

year-over-year, 

and 2Q 2018 

was up +2.9% y-o-y, 

for an average of +2.9%. 

(Year-over-year analyses avoid 

questionable seasonal adjustments)."

I did not have room 

in the newsletter,

to add this:

-- Obama's best year, at 2.9%

did not have the stimulus

of a tax cut.

-- Trump's best half year

(2018) did have the stimulus

of a large tax cut

(the overall Trump tax cut

was moderate, but it was 

"front loaded" to be 

large in the year 2018 

to benefit the Republicans 

in the 2018 election).