Posted on 04/24/2018 7:27:51 AM PDT by Enlightened1
New statistics released by the Congressional Budget Office projected record breaking GDP growth throughout 2018; smashing expectations and signaling a robust US recovery under President Trump and the GOP-controlled Congress.
According to CNS News, the strong data shows Gross Domestic Product growing by at least 3.3 percent from the fourth quarter of 2017 to the fourth quarter of 2018; the highest level of growth seen in at least 15 years.
“In CBO’s projections, real GDP expands by 3.3 percent this year and by 2.4 percent in 2019,” says the CBO report. “It grew by 2.6 percent last year.”
“In our economic projections which underlie our budget projections, inflation-adjusted GDP–or real GDP–expands by 3.3 percent this year, and by 2.4 percent in 2019,” added the CBO Director.
The new data signals a growing US economy just months after President Trump signed the recently passed GOP tax cuts into law; unleashing American businesses and putting millions of dollars back into workers bank accounts.
(Excerpt) Read more at hannity.com ...
BOOM
Yowza!
Another MAGA fact, that you WON’T see on FakeNews, lying media.
And if you do, it will be credited to Obama.
They simply do not factor-in what Trump is doing to get rid of Obama regulations...they don’t have an input to that for their projections.
And remember, every severe recession (other than the housing burst) since WW2 was directly proceeded by a new round of huge regulations (i.e., 1970s, 1990s, and the anemic performance under Obama).
The ‘experts’ said this was impossible.
Everything is impossible until someone does it................
They already are...................
Now watch as Hillary whines something totally stupid after she finds out about this. Thanks Enlightened1.
I think it will end up being more, much more.
“Unexpectedly.....”
If this happened during the reign of The One it would be nonstop reporting of it with glowing praise, and adulation!
Managing the decline, oh wait...
Those who report the official gov’t bumbers are deepstaters, so they will toy with the formula to bring this in initially under 3%. Then for each of the next few months they will make barely announced adjustments
Yea but what about stormy?
Unexpected!
agree. The impact of the tax cut is being underestimated as well as the HUGE amount of monies being repatriated.
WINNING!
If this happened during the reign of The One
Would have never happened with his growth inhibiting policies.
True - they’ll say that this recovery started under Obama and is just continuing....even though President Trump basically REVERSED everything Obama put in place.
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