Thursday, October 8, 2020

A little fact checking on Wallet Hub


Analysts at WalletHub have released their review of how the U.S. economy has fared since 1950 under both parties.

I used real gdp from Fred and checked two real growth rates per Obama, Bush and Trump.

Start gdp   date    difference   total growth rate
13244      2001
15144      2009     1900          0.14346     Bush
17955      2017     2811          0.18562     Obama
Trump has zero growth, by the way.

I have no idea what wallet hub is  or even if they know what they are doing.  They sound like yet another dim witted crypto company. They claim, last week that Trump outperformed? Not with covid, not that it is Trump's fault. 

And there is no evidence going back through Bubba Clinton that the repubs have ever outperformed in growth relative to Democrats. Nor is there any evidence that repubs outperformed Dems on deficits. WalletHub claims otherwise, someone else with time to waste can look in detail, but do not use their analysis without some fact checking.


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