Posted on 07/27/2018 4:32:48 PM PDT by upchuck
"Donald Trump has a big promise for the U.S. economy: 4% growth. No chance, say 11 economists surveyed by CNN Money. And a paper published Tuesday by the Federal Reserve Bank of San Francisco backs them up," CNN reported on October 11, 2016.
Robert Brusca, senior economist at FAO Economics, a research firm, said, "No, pigs do not fly. Donald Trump is dreaming."
Swine Airlines, now boarding at Gate 4.1%.
The American economy grew by 4.1% in April, May, and June. Only four times in the 32 quarters that Obama was president did it top 4%.
The second quarter jump means the economy grew by more than 3% in the last four quarters.
That never happened under Obama.
As Republican Congressman Peter Roskam of Illinois said on March 6, 2017, "The past administration was the first administration that never had a whole year of 3 percent growth."
The American economy is doing so well that ahead of today's release of the economic growth numbers, cable news talked about Russian collusion again.
They must have run out of Playboy bunnies and porn queens to talk trash about President Trump.
But no one cares. Making America Great Again is all that matters.
President Trump has relentlessly pursued economic growth since the day after his election as president. Instead of taking a post-election vacation, he turned Trump Tower into his White House-in-waiting.
He called businesses, twisted arms, and cut deals. In the middle of Thanksgiving, he announced Carrier would keep open its furnace plant instead of moving it to Mexico.
You know, the plant that Obama gave up on. He said these jobs ain't coming back; learn computer coding. Then he laughed, knowing he had a $65 million book deal coming once the presidential gig ended.
President Trump did not surrender to the Mexicans.
As president, his Cabinet has rolled back unnecessary and meddlesome regulations. A Republican Congress cut taxes — without a single Democratic vote.
President Trump pulled the United States out of the Paris climate thingy, and decided not to join the Trans Pacific Partnership. No thanks. We have seen what these Lilliputian international bureaucracies have done to the Gulliver we call America.
Now President Trump is renegotiating trade treaties by threatening to level the economies of our frenemies if they do not level the playing field.
South Korea and Japan were on board without complaint. The European Union just capitulated. The Mexicans just overwhelmingly elected a president who agrees with President Trump on NAFTA.
The American economy is back in a manner we have not seen since the 20th century ended.
That was 18 years ago.
A whole generation grew up under the economic mediocrity of President Bush 43 followed by Obama's economic malaise. The millennials for the first time are seeing the cure for poverty. It is spelled J-O-B-S.
"In addition to the rise in consumer and business spending, increases in exports and government spending also helped. Exports rose in part as farmers rushed to get soybeans to China ahead of expected retaliatory tariffs to take effect in the coming days. Declines in private inventory investment and residential fixed investment were the main drags," CNBC said.
The experts scoffed when Trump said he would deliver 4% growth.
In that October 11, 2016, report, CNN said, "Trump's team says it will get to 4% growth with tax cuts, better trade deals and more manufacturing jobs.
"So what's realistic? The San Francisco Fed estimates the new normal for annual economic growth to be 1.5% to 1.75%. That's far lower than the period from World War II to 2004, when growth typically hovered between 3% and 4%."
He's doubled their normal. His plan worked.
Never bet against Donald John Trump.
Build the WALL!!
Best part is in the middle of the CNN article is a related article where ‘experts’ predicted that the stock market would lose 8% in value if Trump was elected.
Hey, CNN, wonder why we question every single expert you bring on? Because they’re almost always wrong.
bookmark
It’s not sustainable. Bammy is responsible. It’s going down when the trade war heats up. All claims by leftist media to rain on Trump’s parade.
And it will continue. They will not give him credit.
Best President evah!
as much fun as it is rubbing the leftist media’s nose in it, the Never Trumpers deserve their fair share, too. Economic growth is the Holy Grail of the Deep State approved version of conservatism. The President needs to bathe in it and drown them with it.
No question there!
Suck it, LA Times!!!
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