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Trump: I'm in deep trouble!
It was just announced that Q3 growth rates were 1.9%. To criticize Donald Trump over what it means to have a 1.9% quarterly growth rate, let me just turn it over to [checks notes]...Donald Trump from 2012.
@realDonaldTrump
Q1 GDP has just been revised down to 1.9% http://1.usa.gov/3hAL The economy is in deep trouble.Link to tweet
The United States economy has now slowed to a growth rate lower than when Trump took office.
Obama, despite inheriting a devastating recession, produced 16 quarters of faster growth than Trump’s economy just eked out.The Hoarse Whisperer added,
JUST IN: GDP data shows US economic growth at 1.9% in third quarter
Link to tweet
Link to tweet
56 replies
= new reply since forum marked as read
= new reply since forum marked as read
Interesting that "fecal" and "fake gold" sound alike
add more descriptive words but Mama raised a lady.. Dear Gratuitous
Aren't we all?
I thought Trump might have the first insight of his life.
Most of it is hilarious, and some of it is thought provoking for Democrats.
I really wish he played for our team, but alas that will never happen.
Definitely get it from the library.
ECONOMY & JOBS
Economy Reaches Longest Expansion in U.S. History in Third Quarter of 2019, Beats Market Expectations
October 30, 2019 3 minute read
Council of Economic Advisers
The current economic expansion, which began roughly a decade ago, became the longest in U.S. history on July 1, 2019, beating the previous record that lasted from March 1991 through March 2001. As today’s advance Gross Domestic Product (GDP) release confirms, economic growth continued in the third quarter of 2019, beating market expectations and adding to the expansion’s record length. The release also confirms that the Trump Administration’s policies support sustained economic growth and lead to higher incomes for American families.
In its final projection before the 2016 election, the Congressional Budget Office (CBO) estimated that real GDP would grow at a 2.1 percent annual rate in the first 11 quarters of a new Administration. Instead, under President Trump, real GDP as of the third quarter has grown at a strong 2.6 percent annual rate since the election. As of the third quarter, real GDP is $230 billion—or 1.2 percent—higher than CBO’s projection (Figure 1). Furthermore, under President Obama’s expansion period, real GDP grew at only a 2.2 percent annual rate compared to the Trump Administration’s 2.6 percent rate.
{snip}
Economy Reaches Longest Expansion in U.S. History in Third Quarter of 2019, Beats Market Expectations
October 30, 2019 3 minute read
Council of Economic Advisers
The current economic expansion, which began roughly a decade ago, became the longest in U.S. history on July 1, 2019, beating the previous record that lasted from March 1991 through March 2001. As today’s advance Gross Domestic Product (GDP) release confirms, economic growth continued in the third quarter of 2019, beating market expectations and adding to the expansion’s record length. The release also confirms that the Trump Administration’s policies support sustained economic growth and lead to higher incomes for American families.
In its final projection before the 2016 election, the Congressional Budget Office (CBO) estimated that real GDP would grow at a 2.1 percent annual rate in the first 11 quarters of a new Administration. Instead, under President Trump, real GDP as of the third quarter has grown at a strong 2.6 percent annual rate since the election. As of the third quarter, real GDP is $230 billion—or 1.2 percent—higher than CBO’s projection (Figure 1). Furthermore, under President Obama’s expansion period, real GDP grew at only a 2.2 percent annual rate compared to the Trump Administration’s 2.6 percent rate.
{snip}
