Skip to comments.In year of chaos, Trumpís boost to economy canít be denied
Posted on 12/07/2017 8:56:08 AM PST by Oshkalaboomboom
President Trump has an ace in the hole that his opponents are forgetting. Again!
Despite all the sideshows the alleged Russian interference in the election, obstruction of justice probes, ringers in Trump investigations and, of course, the presidents big mouth and poor judgment Trump became president because of one thing: The US economy hadnt been growing enough to please voters.
The sideshows (which Ill get into later) continue, but the economy looks like it is doing better. So Trump is scoring points on the one issue that matters most to voters.
According to the official numbers, the economy is growing moderately well, compared with the weak growth during the Obama administration. The gross domestic product expanded at an annual rate of 3.3 percent in the third quarter in 2017. That followed the second quarters 3.1 percent.
So far, the fourth quarter is humming along at an annualized growth rate of 3.2 percent, according to projections.
Job growth has also been moderately good, although the hurricanes this fall are making it hard to determine just how good.
July produced a weak 138,000 new jobs, but August bounced back with 208,000 and October had 261,000. Only Septembers hurricane-buffeted economy, which produced just 18,000 new jobs, appeared dismal.
(Excerpt) Read more at nypost.com ...
Oh, so 3+ % growth is “moderate” under the Trump administration. But that was the prediction he made during his campaign and the media responded by calling him a liar and saying that growth would never reach 3% again. . .
Just a sampling for anyone not wanting to look them up.
Thank you so much for the support documentation!
So what is holding back the American economy right now?
1) An excess 30 million illegal aliens in-country, which suppresses wages for Americans and strains the welfare system.
2) Excessive regulations and government stupidity, the most recent example being Obamacare.
Clear those problems, and we will see a ginormous growth in the American economy. But we have to want it, because waiting for the clown show in DC to stop being a roadblock is optimistic.
Yep, the US has a whole lot of deferred maintenance that needs done. That will translate into increased GDP growth for years to come.
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