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Opinion
Justin Fox

Keynesian Republicans Are Boosting Growth

A measure of government fiscal impact shows Washington doing more to stimulate the economy than it has in years.

Ain’t no stopping us now.

Ain’t no stopping us now.

Photographer: Chip Somodevilla/Getty Images

Why was economic growth so anemic in the early years of the current expansion? Why did it pick up in 2015? Why is it picking up again now?

Well, there are surely lots of reasons. But if you are even modestly predisposed to believe that government fiscal policy is a major driver of short-to-medium-term moves in gross domestic product, this chart will certainly not disabuse you: