On the stump for an overhaul of the nation's tax system, President Donald Trump on Wednesday said that cutting taxes would "bring back Main Street" and spur the U.S. economy to a level of growth not seen since the Great Recession.
"In the last 10 years, our economy has grown at only around 2 percent a year," Trump told the welcoming crowd in Springfield, Missouri. "You look at other countries and you look at what their (gross domestic product) is, they're unhappy when it's 7, 8, 9 [percent]. "
"And I speak to them, leaders of the countries, how are you doing?" Trump said. "'Not well, not well.' Why? 'GDP is down to 7 percent.' And I'm saying, 'We're hitting 1 percent.'"
For the record, the list of countries that could possibly express any emotion about their annual growth rates of 7 percent or more is extremely short. Of the nearly 200 countries whose economies are tracked by the International Monetary Fund, just seven saw real, inflation-adjusted gross domestic product rise by 7 percent or more last year.
The list includes Nauru, Iraq, Ethiopia, Uzbekistan, Cote D'Ivoire, Iceland and Cambodia, according to IMF data.