This is really a big deal. Posting a 3 pt GNP in a quarter that included three cat 4/5 hurricanes, a mass shooting in Vegas of historic proportions, and epic wild fires in the West, would have never happened in an Obama Administration. A move from 2% GNP to 3%, gives the American economy an additional trillion dollars and hundreds of new jobs. These numbers prove that the economy has been waiting for Trump. It is happening, folks. The end of the Federal/regulatory assault on business has come to an end. The nation's economy has shifted gears, and all the credit goes to Donald J Trump. Hail to the Chief ~ editor.
Daily Caller: The American economy grew at a 3 percent rate in the
third quarter of 2017, continuing to expand after posting an impressive
3.1 percent growth rate in the second quarter, according to the most
recent data from the Bureau of Economic Analysis.
President Donald Trump and members of his cabinet have repeatedly
pledged to get the economy growing at a 3 percent, or higher, during his
tenure in the White House. Republican leadership in Congress is on
board with this message, barreling ahead with a tax reform to keep the
economy revved up.
The U.S. stock market has skyrocketed since Trump defeated former
Secretary of State Hillary Clinton, posting record highs on a
near-weekly basis. The Dow Jones Industrial Average–the benchmark stock
market index–is up 4,500 points since the 2016 November election, and
the market has gained roughly $4 trillion in capitalization.
Because Obama handed Trump a healthy economy. The Obama fiscal year just ended Oct 1
ReplyDeleteObama set in motion a 1.6% GNP economy. Within 24 hours of Trump's Inauguration, the Market started moving at a record pace. It will rise 5,000 points in his first year. Obama's economy added 1,300 points each year.
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DeleteQuarterly GDP growth reached above 3% about 8 times under President Obama.
http://fortune.com/2017/08/30/donald-trump-springfield-mo-3-gdp/
So what. His averabe GNP was less than 2% right up to the very bitter end. And back to back 3% quarters? How many times did that happen.
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