The flash report was just issued for the second quarter of 2018. It shows growth of the gross domestic product at a rate of 4.1% during the quarter. This is OUTSTANDING!
Remember when Obama and his people told us that 1 to 2% growth was all the country could manage. It was the "new normal" (or so we were told.) Candidate Trump told us that was wrong and that he wanted to get the economy growing again through a mix of tax cuts and regulation roll backs. We now have the proof that Trump was correct and Obama (surprise, surprise) was wrong. Indeed, while we have now just had a blowout quarter (the best in years), the key to remember is that since the second quarter of 2017 (the first full quarter under Trump), the economy has been growing at more than a 3% rate. In the entire eight years under Obama, we never had a year that good or even close to that good.
No doubt, the media will either not cover this story in detail or it will somehow try to give credit for the growth to Obama (that's pretty funny). The truth, however, is that no matter what else one thinks of President Trump, he knows what to do to get the economy moving. There are literally millions of people with either a new job or higher pay because of that.
Remember when Obama and his people told us that 1 to 2% growth was all the country could manage. It was the "new normal" (or so we were told.) Candidate Trump told us that was wrong and that he wanted to get the economy growing again through a mix of tax cuts and regulation roll backs. We now have the proof that Trump was correct and Obama (surprise, surprise) was wrong. Indeed, while we have now just had a blowout quarter (the best in years), the key to remember is that since the second quarter of 2017 (the first full quarter under Trump), the economy has been growing at more than a 3% rate. In the entire eight years under Obama, we never had a year that good or even close to that good.
No doubt, the media will either not cover this story in detail or it will somehow try to give credit for the growth to Obama (that's pretty funny). The truth, however, is that no matter what else one thinks of President Trump, he knows what to do to get the economy moving. There are literally millions of people with either a new job or higher pay because of that.
No comments:
Post a Comment