Multiple hurricanes have a way of temporarily stagnating economic growth. Certainly the Democrats and Establishment Media were counting on that as they salivated with dire predictions and repeating how “bad” things were in places like Puerto Rico.
Well, guess what? Things aren’t so bad after all as what more and more are now calling the “Trump Economy” has apparently shrugged off the hurricane trauma and posted remarkably strong 3% GDP growth.
Via Yahoo News:
The US economy continued to expand at a robust three percent clip in the third quarter despite back-to-back hurricanes, official data showed Friday, hitting President Donald Trump’s growth target for the second time since he took office.
The brisk growth — which follows a 3.1 percent expansion on an annual basis in the second quarter — could also strengthen the hand of monetary policymakers at the Federal Reserve who favor raising interest rates despite flagging inflation.
…”Overall, this is a very solid performance, given the disruption caused by Hurricanes Harvey and Irma,” Ian Shepherdson, founder of the consultancy Pantheon Macroeconomics, said in a research note.
As a point of contrast, in the eight years of the Obama presidency the country never enjoyed 3% or better annual GDP growth.
That was eight long years of massive deficit spending, lower Middle Class incomes, higher taxes, tens of millions more on food stamps, etc. It was a long, slow slog of economic misery.
It appears with POTUS Trump America’s economic engine is firing up again even despite a do-nothing Congress that has been painfully slow to enact the President’s America-First agenda.
For Middle Class America, the chart above is a beautiful thing to behold. It represents more retirement account earnings, more job opportunities, more home values, more freedom to purchase goods and services, and more choice.
While the Establishment Media and politicians have been wasting time with fabricated Russian conspiracies and personal taunts against POTUS Trump and his administration, just the thought of some of Mr. Trump’s policies becoming reality is enough to send the U.S. economy into a growth spurt not seen in years.
Imagine if Congress would actually get behind this president’s America-first policies? How many millions more would find jobs, self-sufficiency, and become contributing members of a better and greater society?
The American people should really start to demand that happen.
Imagine how the economy would take off if Congressional Republicans actually supported President Trump instead of working behind the scenes to derail the voter-approved Trump agenda.
Today an Investors.com report indicates U.S. household incomes have just hit a 15-year high, far surpassing the tepid economy that was the hallmark of the Obama era. In fact, in the first three months of his presidency, Donald Trump has already put more money into the pockets of American families than Barack Obama did in 7 1/2 years. Remarkable!
“For eight years, President Obama endlessly talked about “middle class” economics. All the while, middle-class family incomes were stagnant. Now they are on the rise. Could Trumponomics be the reason?
…Another way to look at it: median income has climbed faster in President Trump’s first three months in office than it did during 7-1/2 years of Obama’s economic “recovery.”
…it seems reasonable to conclude that this is an early sign that Trump’s business-friendly economic approach — one that involves cutting taxes, deregulating the economy, repealing ObamaCare, and dialing back the size of government — is already paying dividends.”
If Congress would find a spine and get on board the Trump Train the American economy would enjoy a rate of growth and expansion not seen in generations.
It seems that kind of success for Middle Class America is not a high priority among the nation’s political “leaders.”
It sure feels like a bit of all that winning Donald Trump promised voters is now here. Since being sworn in as President of the United States nearly two months ago, the U.S. debt has gone down by nearly $70 BILLION dollars while monthly job growth is at a ten-year high. By comparison, at this point in his won presidency, Barack Obama had increased the national debt by a sickening $320 billion dollars, meaning Donald Trump has already saved Americans almost $400 billion compared to his immediate presidential predecessor. THAT. IS. ASTONISHING.
The Mainstream Media won’t report this – so it’s up to all of you to educate and inform others of this very good news.
H/T GATEWAY PUNDIT
Donald Trump promised voters he would “bring out jobs back” and it appears less than two full months into his presidency, he’s doing just that. Last month, U.S. companies added nearly 300,000 new private sector jobs to the economy. Economists had predicted less than 200,000 were going to be added. It is also nearly DOUBLE the number of jobs created in Barack Obama’s final month as president.
Over the course of his presidency, Mr. Obama’s administration averaged just over 100,000 jobs created per month. (which doesn’t even keep up with population growth) As of now, Donald Trump’s jobs numbers place him ahead of any other president of the modern era, including both Bill Clinton and Ronald Reagan.
There’s a long ways to go of course, but it has been a remarkable start to a presidency the Establishment Media continues to try and paint in far less accomplished colors. The primary threat to the economic boom already emerging via Mr. Trump’s “America First” principles, is a Congress which lacks the willingness to push forward on the President’s promises to fully repeal and replace Obamacare, cut taxes, reduce regulations, and re-negotiate disastrous trade deals.
Whispers indicate having settled in, the Trump White House is now working 24/7 with leading members of Congress to make certain that work gets done and those promises to the American people are in fact kept.
RELATED: Trump’s first full month in office brings massive employment boom as U.S. companies added whopping 298,000 new jobs in February