3Q gdp beat expectations at 2.9%
now obviously this is obummer and his liberal cronies cooking the books to help hrc win the election so i guess we shouldnt take the report too seriously....
http://www.businessinsider.com/gdp-report-trump-2016-10
The GDP report just threw a wrench into one of Trump's main argument
Friday's advance estimate of US gross domestic product data, measuring the overall growth of the US economy, came in higher than expected at 2.9% annualized growth, above the projected 2.6% and the strongest number in two years.
While this is certainly good news for the US economy, it comes as a speed bump for the candidacy of Republican presidential nominee Donald Trump.
Trump has run on a platform of economic dissatisfaction and painted Democratic nominee Hillary Clinton as a continuation of President Barack Obama's administration with the hope that voters will view four more years of a Democratic presidency in a negative light.
A strong GDP number showing continued steady growth (though slower than that of most economic expansions) seems to run counter to the Trump narrative that America is no longer "great" and that the economy needs serious improvement.
Add on decent jobs-report numbers over the past few months — people returning to the labor force, unemployment near cycle lows, and wages beginning to pick up — and the economic case from Trump doesn't appear as strong.
Obama's approval ratings are near the highest of his administration. So making the election a referendum on his economic policies amid stronger economic data and Obama's improved popularity could be a risky proposition.
now obviously this is obummer and his liberal cronies cooking the books to help hrc win the election so i guess we shouldnt take the report too seriously....
http://www.businessinsider.com/gdp-report-trump-2016-10
The GDP report just threw a wrench into one of Trump's main argument
Friday's advance estimate of US gross domestic product data, measuring the overall growth of the US economy, came in higher than expected at 2.9% annualized growth, above the projected 2.6% and the strongest number in two years.
While this is certainly good news for the US economy, it comes as a speed bump for the candidacy of Republican presidential nominee Donald Trump.
Trump has run on a platform of economic dissatisfaction and painted Democratic nominee Hillary Clinton as a continuation of President Barack Obama's administration with the hope that voters will view four more years of a Democratic presidency in a negative light.
A strong GDP number showing continued steady growth (though slower than that of most economic expansions) seems to run counter to the Trump narrative that America is no longer "great" and that the economy needs serious improvement.
Add on decent jobs-report numbers over the past few months — people returning to the labor force, unemployment near cycle lows, and wages beginning to pick up — and the economic case from Trump doesn't appear as strong.
Obama's approval ratings are near the highest of his administration. So making the election a referendum on his economic policies amid stronger economic data and Obama's improved popularity could be a risky proposition.