In the News: Blog

One of the great successes of the Trump administration has been to reduce the regulatory burden on American job creators and spur economic growth like we haven’t seen in years. The numbers are startling – as I mentioned during an interview with "Meet the Press" Sunday, Republican policies have led to business investment growth that’s 10 times faster than what we saw under President Obama. That seems hard to believe, but the numbers don’t lie.

 

During the final two years of President Obama’s second term, real business investment growth increased by just 0.6 percent annually. Under the Trump administration, business investment has increased by more than six percent. That is a 10-fold increase made possible at least in part because we’ve cut red tape and gotten the federal government out of the way.

 

Check it out for yourself. You can find the data here. You want to look at table 5.3.1, and the figure you need is “private fixed investment, nonresidential.”