Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 last
To: Red in Blue PA
GDP will have risen by about 30% or more

Yea, I can see how that might not help Trump.


41 posted on 10/20/2020 2:38:03 PM PDT by McBuff (To be, rather than to seem)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

A GDP report north of 30% which is expected (there have been reports of close to 40% growth)would certainly help the President and you can bet the campaign commercials are already made and ready to go,

This lib network is simply trying to preemptively take some of the steam out of what will be a blockbuster report.


42 posted on 10/20/2020 2:40:21 PM PDT by billyboy15
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave
I'm hiring you as my new proof reader..Name your price!!
43 posted on 10/20/2020 2:43:09 PM PDT by M-cubed (The MSM is now the 4th Branch of Government.....)
[ Post Reply | Private Reply | To 40 | View Replies]

To: Red in Blue PA

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

So the decline during the shutdown doesn’t count either?


44 posted on 10/20/2020 2:43:51 PM PDT by ArcadeQuarters (Socialism requires slavery.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

It will help Trump with anybody who is not a democrat voter. Democrat voters vote democrat just because they are democrats. Everybody else thinks!


45 posted on 10/20/2020 3:06:00 PM PDT by maxwellsmart_agent
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

CNBC and MarketWatch are blatant anti-Trump 24/7

Anyone know where I can get real-time market quotes and business news without a political slant?


46 posted on 10/20/2020 3:07:19 PM PDT by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart and lean not on your own understanding")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Eccl 10:2

NOT CNBC!


47 posted on 10/20/2020 3:19:08 PM PDT by Red in Blue PA (You can vote your way into socialism, but you have to shoot your way out.)
[ Post Reply | Private Reply | To 46 | View Replies]

To: umgud

The dem outlets won’t report it.

::::::::

Trump can weave this into national security very easily.

A growing vibrant economy keeps a nation secure as it doesn’t need to rely on outside interests.

He can also throw a direct barb at Joe in his 2 minutes using that line of reasoning


48 posted on 10/20/2020 3:24:09 PM PDT by patriotspride (Look look)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Red in Blue PA

A few days ago liberals were crowing about China’s 6% 3Q GDP. They said China was doing so much better than Trump could do.

Yeah. Right.


49 posted on 10/20/2020 3:37:01 PM PDT by jdsteel (Americans are Dreamers too!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Eccl 10:2

Varner in the AM. Fox Business.


50 posted on 10/20/2020 3:43:39 PM PDT by sanjuanbob
[ Post Reply | Private Reply | To 46 | View Replies]

To: sanjuanbob

Varney


51 posted on 10/20/2020 3:44:15 PM PDT by sanjuanbob
[ Post Reply | Private Reply | To 50 | View Replies]

To: Red in Blue PA

But everything else is Trump’s fault...

Since the media will be mum or try to spin it against Trump next week, he should wait until Biden brings up the economy at this Thursday’s debate and bring up and take credit for the GDP then.


52 posted on 10/20/2020 3:45:07 PM PDT by mikey_hates_everything
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

The Praetorian Guard (MSM) will report it as a disaster.


53 posted on 10/20/2020 4:00:03 PM PDT by griswold3 (Democratic Socialism is Slavery by Mob Rule)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

The media, (and academia), most certainly are the enemy !


54 posted on 10/20/2020 4:18:07 PM PDT by bantam
[ Post Reply | Private Reply | To 1 | View Replies]

To: JonPreston
😂😂🤣
55 posted on 10/20/2020 4:21:17 PM PDT by tatown
[ Post Reply | Private Reply | To 3 | View Replies]

To: sanjuanbob

I like Varney’s optimism, but his entire show is about political news of the day and not a business show.

I want to like it, but I can’t.


56 posted on 10/20/2020 4:28:57 PM PDT by Red in Blue PA (You can vote your way into socialism, but you have to shoot your way out.)
[ Post Reply | Private Reply | To 50 | View Replies]

To: M-cubed

Make sure that it is after 10 am Pacific Time, and I have had one cup of pure coffee.


57 posted on 10/20/2020 4:35:53 PM PDT by Grampa Dave (The line that separated Satire, Democrats and Stupidity has vanished. (thanks to jonascord)!)
[ Post Reply | Private Reply | To 43 | View Replies]

To: Red in Blue PA

http://www.freeintertv.com/view/id-370/USA-Financial-0-1


58 posted on 10/20/2020 4:55:53 PM PDT by sanjuanbob
[ Post Reply | Private Reply | To 56 | View Replies]

To: Red in Blue PA

Wow, you’re so right! Of course it “may not help Trump!” Why didn’t we see that? Silly us! We are fooled by the false notion that GREAT F$$KING economic news HELPS Trump. Thanks so much for straightening us out!! Sheeeesh, that was close!


59 posted on 10/21/2020 5:28:12 AM PDT by jmaroneps37
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson