Posted on 07/26/2018 4:31:08 PM PDT by Sub-Driver
Top Trump official tells Republicans to expect blockbuster GDP number Friday
By Alexander Bolton - 07/26/18 06:54 PM EDT
The Trump administration is telling Republican lawmakers to expect blockbuster economic figures Friday morning when the Commerce Department releases data on U.S. gross domestic product (GDP) for the second quarter.
Kevin Hassett, the chairman of the Council of Economic Advisers, told Republican senators in a private meeting Wednesday that GDP for April through June is expected to be high enough to ensure the nation will see its first year of annualized 3 percent growth since the Great Recession of 2008-2009, according to several sources in the room.
“He’s not ruling out a very big number,” said one grinning GOP senator who attended the meeting.
That’s stellar news for Republican lawmakers who are making economic growth under President Trump and the stimulus provided by the 2017 tax cut their main arguments for preserving GOP control of the House and Senate.
The consensus estimate is for second-quarter GDP to come in at 4.2 percent, with some estimates as high as 4.8 percent. The U.S. economy expanded at a 2 percent rate in the first three months of the year, according to the most recent Commerce Department data.
Hassett told GOP lawmakers that Friday’s figure is likely to be strong enough to put this year’s GDP on track to exceed 3 percent, something that never happened under former President Obama and a major Republican criticism of his administration during the 2016 campaign.
“The Atlanta Fed estimated it can be as high as 4.8,” said Sen. David Perdue (R-Ga.). “It’s going to be very strong.”
(Excerpt) Read more at thehill.com ...
This is going to be fun!
Good news for Americans is bad news from democrats.
Bad news for Democrats too
Spin: Obama deserves all the credit, because he bottled up growth for so many years, it was set to explode.
No, “The Spin” will be
INSIDE INFORMATION !!
MUELLER !!
IMPEACH Foh Dee Fahvvvvvvvvvvvvvvvvvvvv
Just went to the Hill to check out the comments. My favorite “But it doesn’t put food on the table.”
LOL!
Nice!!!
The level of economic growth announced tomorrow will directly correlate with the “bombshell” level of Mueller’s next “revelation,” which will inevitably follow shortly afterward.
No thanks to Ryan and his “Better Way” pamphlet.
I wouldn’t care to wager against it.
It’s going to be interesting to see how “The Great ObamaNation” takes credit for this while the media and DemonRATs scream that it’s fake news.
This economy sure seems good to me.
You can bet the farm that the Deep State has something planned for Friday that completely wipes this bit of great news from the news cycle.
I’m reading too many reports saying a great number is expected. I hope this isn’t being done intentionally, knowing that if it’s 4.0 , give or take, that it will be disappointing.
The Fake Newsers will really have their panties in a twist over this. They probably already do, I don’t watch anymore.
It may have been on another thread, but that is absolutely what I think. Anything to change the news cycle.
Perhaps Cohen’s latest claim about THE RUSSIANS AND TRUMP will keep the DeepStateMedia preoccupied tomorrow
Tariffs work.
Of course it will.
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