Washington • Economic growth surged last quarter. Unsurprisingly, President Donald Trump and his supporters were quick to crow that this means Trumponomics has been validated at last.
On Friday morning, we got an update on how the U.S. economy, as measured by gross domestic product, is faring. And the news was encouraging: In the second quarter, the economy grew at a seasonally adjusted annual rate of 4.1 percent.
Which is, obviously, good news! We want the economy to expand more quickly than it has done for the past few years, when it’s puttered along at about 2 percent.