Trump's Economy Hits Milestone, Grows At Fastest Pace Ever In Third Quarter — Details
The naysayers will say President Trump’s policies in no way contributed to this climb. They’d be wrong, obviously. But they would still say it — and they’d believe it!
Check this out, via CNBC:
Coming off the worst quarter in history, the U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together, the Commerce Department reported Thursday.
Advertisement - story continues belowThird-quarter gross domestic product, a measure of the total goods and services produced in the July-to-September period, expanded at a 33.1% annualized pace, according to the department’s initial estimate for the period.
The gain came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones. The previous post-World War II record was the 16.7% burst in the first quarter of 1950.
Here are Trump’s thoughts…
https://twitter.com/realDonaldTrump/status/1321812933135994881?%7Ctwcamp%5Etweetembed%7Ctwterm%5E1321812933135994881%7Ctwgr%5Eshare_3&ref_url=https%3A%2F%2Fwww.cnbc.com%2F2020%2F10%2F29%2Fus-gdp-report-third-quarter-2020.html
And Joe Biden’s…
GDP rose last quarter, but visits to food banks haven’t slowed, and poverty has grown. We’re on track for the worst economic downturn in over 70 years, and Donald Trump is on track to be the first president since Herbert Hoover to leave office with less jobs than when he came in.
— Joe Biden (@JoeBiden) October 29, 2020
Success in a Biden-Harris Administration will not be measured just by the stock market or GDP growth, but by the extent to which growth is raising the pay, dignity, and economic security of our working families—especially those who have been left behind. https://t.co/HQZ8UbUb3f
— Joe Biden (@JoeBiden) October 29, 2020