Today is an exciting day! The first GDP growth numbers are in for 2017. This morning the Bureau of Economic Analysis released an advance estimate of the U.S. economy for the first quarter. Compared to the first quarter of 2016, Gross Domestic Product increased by 1.92 percent, with private consumption reaching a mildly cheerful 2.77 percent.
Neither number is impressive by historic comparison, but they are appropriate in one way: this was the last quarter when the economy was affected by the Obama administration's tax-and-regulate policies. From hereon, it will be President Trump's economy.