Posted on 11/29/2017 7:57:16 AM PST by SeekAndFind
U.S. third quarter gross domestic product was revised upward this morning, to 3.3% growth. Unexpectedly, of course, in the minds of analysts, who see no connection between a broadly free market president who is determined to do right by the American people, and results like these.
Tired of winning, yet?
Yet there is a connection. The free market is happily responding to thousands and thousands of regulations being cut, an end to business being targeted as the enemy, and the prospect of fairer taxes in the future. And what it means is jobs, jobs, jobs, and lots of investment bringing more growth. GDP is a lagging indicator, the sum of all things that led to the economic activity in the third quarter, so it presents a very broad picture. But that detail about investment being up portends more GDP figures just like this one in coming quarters as investments pay off. Nobody makes investments if they don't think there will be winning ahead. That tells us a lot about the direction of the Trump economy.
And it tells us a lot about the lost Obama years of growth, when times were good for the Beltway bureaucrats, who drove up Virginia real estate prices and turned a red state blue, at a cost of depleting the rest of the country. The Obama years were years of subpar growth where GDP never broke the 3.0% growth line in any quarter. Averaged in with the Beltway bureaucrat bonanza, the weak, anemic Obama-era figures reflect how much was lost around the rest of the country - as money went to Washington and voters grew poorer. This is the cash the Ohios, the West Virginias, the Pennsylvanias - and other neglected states sent - virtually all of whose voters defiantly cast their ballots in 2016
(Excerpt) Read more at americanthinker.com ...
My Fidelity account loves all this MAGA winning.
Oh, I forgot.
They won't even mention it.
I have noticed that the economy doesn’t seem to headline much these days.
Can’t imagine why. No sir...
I said, "Uh huh".
Because I don't talk to crazy people.
Strange, no?
Praise God for President Trump.
Under Obama the GDP was always revised downward. Under President Trump they are always revised upward.
Just enjoying the Donald J. Trump signature:
Ahead of schedule and under budget.
Boom!
MAGA!!!
Stock Market at record high:
Dem president-
"Matt, people's 401(K)s are really looking good and that bodes well for the democrats next year!"
Repub president-
"Wolf, normal people without jobs see this data as good for Big Business and no one else. All the pundits predict a bloodbath for the GOP next year."
I hope ODogshit received a paper and saw this news!
“They won’t even mention it. “
You’re right, probably they will overlook it, but fasten your seatbelt if you’re watching the Dow!
The MSM crowed about Obama’s roaring economy.
No mention of Trump’s.
They chose sides a long time ago.
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