Mick Mulvaney: Obama administration first ever to “not have a 3 percent growth rate”

Mick MulvaneyI went back and looked at some of the economic assumptions that the Obama administration made in its first couple of years, and I want to say, on a couple of different occasions, their assumed growth rate was more than 4.5 percent.  Keep in mind this is the first administration in history — it was the first decade and the first eight-year period of history not to have a 3 percent growth rate, and yet they were promising us 4.5 percent growth.

—OMB Director Mick Mulvaney

Press Briefing on the FY2018 Budget, May 23, 2017

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