Donald Trump issued a revised economic plan last week, and claimed it would create 25 million new jobs over ten years, driven by 4 percent real annual growth. Real growth from 1983 through 2000 — the long period of expansion started under Ronald Reagan that many now understandably look back on with such fondness — averaged just 3.8 percent annually. Beating that over the coming decade would be remarkable, and highly unlikely, given that growth has topped 4 percent in only three of the last 61 quarters.
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