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The GDP report next week will likely show record-breaking economic growth, but it may not help Trump
CNBC ^

Posted on 10/20/2020 1:41:34 PM PDT by Red in Blue PA

Next week, the U.S. will get economic news like it has never seen before, reflecting growth that had seemed impossible, as it is likely that GDP will have risen by about 30% or more.

In the middle of a pandemic. In the middle of a recession. In the middle of 12.5 million unemployed people.

While the incongruity of skyrocketing growth and extreme hardship will be impossible to ignore, it will come at an opportune time for President Donald Trump. The GDP release comes Oct. 29, just five days before the presidential election.

How seriously the country, and its voters, takes the news could influence what happens as the ballots are counted.

“Even though it’s totally meaningless, this is going to give Trump a little lift,” said Steve Blitz, chief U.S. economist at TS Lombard. “He’s going to say, ‘See, I told you, we have a ‘V’ [recovery] and we’re zooming.”

The “zoom,” though, will be in completely relative terms.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: economy; gdp; mediabias; presidenttrump; trump
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To: JonPreston

Smart little kid.


21 posted on 10/20/2020 1:58:37 PM PDT by laplata (The Left/Progressives have diseased minds.)
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To: Red in Blue PA

The hell it won’t help the President and Republicans down ballot! That is incredible news and shows they have managed the economy very well to get this incredible achievement in growth!


22 posted on 10/20/2020 2:01:57 PM PDT by Wpin ("I Have Sworn Upon the Altar of God eternal hostility against every form of tyranny...")
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To: Red in Blue PA
The “zoom,” though, will be in completely relative terms.<<<

it sure will.....just ask Jeffery Toobin!...He's the CNN world renowned Harvard lawyer and go to guy for all things legal at CNN.....

Can someone please call CNN and get his opinion on this?.....*grin

23 posted on 10/20/2020 2:06:00 PM PDT by M-cubed (The MSM is now the 4th Branch of Government.....)
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To: Red in Blue PA

“The GDP report next week will likely show record-breaking economic growth, ... so we’re starting to discredit it extra early!”


24 posted on 10/20/2020 2:06:55 PM PDT by mrsmith (US MEDIA: " Every 'White' cop is a criminal! And all the 'non-white' criminals saints!")
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To: Red in Blue PA

like, duh, a falling GDP is what Trump should want?


25 posted on 10/20/2020 2:10:18 PM PDT by Redmen4ever
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To: Red in Blue PA

To hell with this traitor...... and God bless President Trump.


26 posted on 10/20/2020 2:10:50 PM PDT by Gator113 ( LIVE AMMO MATTERS~~Remember Christopher Newsom and Channon Christian.)
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To: Red in Blue PA

Jeff Cox wrote this... Garbage.


27 posted on 10/20/2020 2:12:08 PM PDT by SoFloFreeper
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To: Red in Blue PA

Yeah, thanks anyway, but I’m pretty sure that it will help Trump.
Keep pitching that “you guys are really dumb” chit.
Works every time.


28 posted on 10/20/2020 2:15:40 PM PDT by skimbell
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To: Red in Blue PA

Very wishful thinking.


29 posted on 10/20/2020 2:15:57 PM PDT by JerseyDvl (Twitter and Facebook are RIGGING the 2020 election. STOP BIG TECH BEFORE IT'S TOO LATE!)
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To: Red in Blue PA

So let me see
Huge rallies don’t help Trump
Good economic news doesn’t help Trump
Higher Republican registration doesn’t help Trump
Biden’s corruption scandal doesn’t help Trump
Ok


30 posted on 10/20/2020 2:18:55 PM PDT by italianquaker
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To: Red in Blue PA

So let me see
Huge rallies don’t help Trump
Good economic news doesn’t help Trump
Higher Republican registration doesn’t help Trump
Biden’s corruption scandal doesn’t help Trump
Ok
The stenographers write the above without evidence


31 posted on 10/20/2020 2:20:08 PM PDT by italianquaker
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To: Red in Blue PA

The decline was annualized (something like 35% down.). Who wants to bet the upside will be given in Q2Q numbers—9% ish.


32 posted on 10/20/2020 2:20:39 PM PDT by Vermont Lt
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To: italianquaker

I guess you forgot about all the headlines from last quarter:

GDP Plummets 33%, But May Not Hurt Trump

/s


33 posted on 10/20/2020 2:22:27 PM PDT by kevao (BIBLICAL JESUS: Give your money to the poor. SOCIALIST JESUS: Give your neighbor's money to the poor)
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To: Steely Tom

Don’t know if you saw this earlier:

Trump ramps up rally strategy that may come with more risk than reward
NBC “News” / Comcast ^ | October 19, 2020 | By Shannon Pettypiece

Posted on 10/20/2020, 7:14:54 AM by Oldeconomybuyer

In President Donald Trump’s favored narrative of how elections are won and lost, the candidate who holds the most events with the biggest crowds wins.

“Every RALLY is BOFFO,” he said in a Monday tweet about his confidence of winning re-election, telling campaign staffers on a call the same day that he was now more confident of winning than he was two weeks ago, when he appeared at no campaign events while recovering from Covid-19.

Now, with two weeks to go, he heads into the final stretch of the race relying heavily on his rallies to change the dynamic of the contest - a risky strategy for a persistently unpopular candidate, and one that has failed to demonstrate success in moving voters into his column.

In fact, there are no objective indications that Trump’s rallies have any relation to boosting his support, with some suggestion they are just as likely to energize his opponents’ supporters as they are his own.

That where the “unpopular” thing came from. D-NILE!


34 posted on 10/20/2020 2:23:00 PM PDT by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: Sirius Lee

I was laid off and remember hearing the media play up the term “stay cation” to make it sound like lounging around the house is equivalent to a vacation.

My favorite was “Learn to write poetry.” That and NYT stories with titles like “Your job has gone away and that’s a good thing!”

Your reality is/was the reality that most people had when they lost their job during the Obama years.


35 posted on 10/20/2020 2:23:03 PM PDT by Grampa Dave (The line that separated Satire, Democrats and Stupidity has vanished. (thanks to jonascord)!)
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To: Grampa Dave
I was laid off and remember hearing the media play up the term “stay cation” to make it sound like lounging around the house is equivalent to a vacation.

"Funemployment" was the other term.

36 posted on 10/20/2020 2:24:19 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: kevao

Great


37 posted on 10/20/2020 2:30:12 PM PDT by italianquaker
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To: dfwgator

“Funemployment” was the other term.


38 posted on 10/20/2020 2:36:03 PM PDT by Grampa Dave (The line that separated Satire, Democrats and Stupidity has vanished. (thanks to jonascord)!)
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To: Red in Blue PA

Nice editorializing by CNBC, huh?


39 posted on 10/20/2020 2:37:22 PM PDT by Ted Grant
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To: M-cubed

Can someone please call CNN and get Toubin’s handle on this?.....*grin


40 posted on 10/20/2020 2:37:57 PM PDT by Grampa Dave (The line that separated Satire, Democrats and Stupidity has vanished. (thanks to jonascord)!)
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