President Donald Trump’s positive impact on the business community is partly responsible for the growing economy, said Martin Neil Baily, who was chairman of the Council of Economic Advisers for former President Bill Clinton.
“I think President Trump was able to sort of inspire and encourage the business community,” Baily told The Hill's TV’s Buck Sexton.
“They were not that fond of President (Barack) Obama, they thought he put in too many regulations… whether those things did the things they were worried about, we can debate, but in any case, there was a sort of feeling that the government was not in tune with business and Trump came in and changed that perception,” Baily said.
The Department of Commerce announced Friday that the U.S. economy had grown at a rate of 4.1 percent, the fastest pace of growth in around four years.
National Economic Council Director Larry Kudlow said Sunday that the 4.1 percent economic growth rate is “sustainable.”
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