Posted on 07/27/2018 7:57:40 AM PDT by BlackFemaleArmyColonel
President Donald Trump hailed a new economic report showing the U.S. economy grew at a clip of 4.1 per cent in the second quarter, hitting a high pace not reached since 2014.
'It is indeed a big one,' Trump said. Trump said he was 'honored' by the growth figure and called it a 'great day.'
The president made an unscheduled appearance on the South Lawn of the White House, flanked by his economic advisors, to tout the news.
He promised the high growth rate was not a 'one-time' thing.
'As the trade deals come in one by one we're going to go a lot higher than these numbers and these are great numbers,' Trump said.
'These numbers are very, very sustainable. This isn't a one-time shot,' Trump said.
He also made a sunny prediction about the next quarter. The latest numbers reflect April through June.
'I think the numbers are going to be outstanding. We've accomplished an economic turnaround of historic proportions,' Trump said.
'We're on track to hit the highest annual average growth rate in over 13 years,' Trump said, predicting it could be 'substantially over 3 per cent' on an annualized basis.
Trump called it an 'American economic miracle.'
'We are the economic envy of the entire world,' Trump added, adding the world leaders compliment the U.S. economy when they talk to him.
Trump also hailed a more than $50 billion reduction in the U.S. trade deficit.
(Excerpt) Read more at dailymail.co.uk ...
Reduce government spending by taking measures to eliminate waste, fraud, abuse, and duplication. Take a sledgehammer to entitlement programs. Do that and the national debt vanishes.
I don’t think he did. This must be fake news, the part about 2014
OK sorry. I guess Obama did have 1 quarter out of 32 of them that was at 4%. Nothing impressive there. And he had to cook the books to do it!
Take that! You hoodoo, jive-talkin', choom-smokin', cipher of a human being.
Love it! Wish I had thought of it!
Triggered!!!!!!!!
How did Obambi cook the books? Asking to inform myself for when liberal acquaintances start asking... Thanks!
This is the money quote.
To reach a high goal is one thing but to sustain it proves that PDJT's policies are working in spite of the Republicans and Socialists inside the beltway and other outside influences like George Soros.
If he did, it was all fuzzy math and lies
The incumbents had better get on board or they will for sure not be around after the 2020 elections.
Sounds great - but I worry a high-growth/low unemployment economy is the setup for more liberal immigration policies. Please note my concern!
The Democrats should get credit for the booming economy... think about it... The Democrats and Obama... had they not driven the economy into permanent recession, abandoned the middle class, kissed up to Iran, opened the borders... Trump might notta run, been elected, reduced the strangling regulations on business, given the folks a tax break and therefore a 4.1% 2nd quarter growth! See they can take credit!!!
I remember in the ‘80s during the real estate boom, the wide-eyed wonder we had at 7% mortgage rates. And real estate was jumping. Must have done several hundred closings in ‘87. The county clerk’s office was a zoo every day. Fed has an itchy trigger finger, and there’s plenty of wiggle room to pull the trigger in.
I don’t have specific numerical data, It is most likely hidden and now deleted. But the quarter before was a -2.1%. The quarter after was a -.29%. And then in the middle he had 4% growth? Seems he must’ve stolen some growth from the other quarters to push this one up to have 1 out of 32 to boast about. It just doesn’t fit in and seems to be an outlier.
He Is the only president not to have 3% growth annually at all during his terms. Two terms. Other presidents manage that with just one term.
But liberals won’t listen. You’re better off playing solitaire :-)
My 1990 rate was 13%. Unbelievable today.
“The Fed will step in and slow it down almost for certain now.”
I agree. The Fed will slow the economy down by raising rates ever more and than they have during Trump and then the leftist mainstream media and the leftist Facebook/Google/Amazon/Youtube/Twitter monopoly will say it’s Trump’s “talk on trade” not the Fed which is the cause.
The Fed held interest rates near zero for all of Obama’s 8 years = a fake bubble economy. Tell me the Fed is not political. Their plan to get hillary in failed now they are raising rates for the midterms and 2020.
Exactly.
Naw. Obammy is in his old home land saying all this economic recovery and going strong is his doings.
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