Obama's "new normal" had mainstream economists saying 3% GDP growth is near impossible and certainly unlikely.
Granted this is only what's happened in his first 6 months where he's done "nothing," but whatever that "nothing" happens to be, it's working. He absolutely has used executive orders to improve the climate for business.
Sometimes "nothing" actually works better than trying to be proactive.
https://www.cnbc.com/2017/08/30/us-revised-second-quarter-gdp.html
US revised second-quarter GDP up 3.0% vs 2.7% rise expected
- The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years.
- There are signs that the momentum was sustained at the start of the third quarter.
- Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said
...
Republican President Donald Trump has set an ambitious 3.0 percent growth target for 2017, to be achieved through a mix of tax cuts, deregulation and infrastructure spending.
The Trump administration has so far failed to pass any economic legislation and is yet to articulate plans for tax reform and infrastructure. Chances are slim that the Republican-controlled U.S. Congress will debate and pass tax reform legislation before the end of the year.
So far, the political gridlock in Washington has not hurt either business or consumer confidence.
