US economy roars back from lockdowns, 33.1% increase in GDP shatters records (5 days before the 2020 election)

[tipsyguam]

record GDP growth numbers under Trump.
record low unemployment numbers under Trump.


Expect the negative Dems to be out trying to spin this good news as bad somehow.

[Roboteer]

Originally Posted by Spartacus713

The US Economy is bouncing back much more quickly than the so-called "experts" previously predicted,

Have you noticed that, when Obama was President, the economic reports were almost always too high, and the government quietly adjusted them downward after a few weeks?

Now, when Trump is President, the "experts'" predictions are almost always too low, spreading gloom until the actual numbers come out later?

Just a coincidence, I'm sure.

[brennan2323]

GDP had a record drop so the record growth doesn't even get us back to where we were. The growth was due to stimulus and states re-opening. It had nothing to do with Trump. If Trump states he can't control the states and it's up to them to make decisions regarding Covid then he sure as hell can't take credit for when they decide to re-open.

[AbsoluteVirtue]

Originally Posted by Spartacus713

We can Make America Great Again, again.

Yes we can, and it will be great again once Chester Cheetah is voted out next week. trumps time is over!

[thedirtypirate]

I thought the Democrat governors killed their states forever with the shutdown? Now we are taking claim for them opening back up?

[greywar]

yawn. we're still down year to year correct? This is like when Trump blathers on about all the new jobs-while ignoring the job losses.

[BoBromhal]

Originally Posted by rjshae

Partial recovery following an all-time record drop. Congress' $3 trillion contribution probably helped a tad. I suspect it'll be a few years before we fully recover back to where we were at.

you should read the articles/official release.

The direct stimulus checks were $290B. and received and disposed (when they were) in Q2

Q3 gross GDP was $400B behind the Q2 drop.

[TexasLawyer2000]

Originally Posted by tipsyguam

record GDP growth numbers under Trump.
record low unemployment numbers under Trump.


Expect the negative Dems to be out trying to spin this good news as bad somehow.

I'm no dem but you're the one spinning this as good news. GDP growth while spending into trillions of debt is not a good thing by any means.

I suggest you study basic economics to understand this more.

[Taggerung]

Economy roaring back? Please take a look at the debt levels. This "recovery" is entirely illusory.

[tipsyguam]

Originally Posted by toodie

Oh please. People especially democrats expected and were hoping for less, much less. We will settle comfortably into 3-4% GDP under Trump.

The Democrats were hoping for 20% unemployment as a result of covid, too...but they are constantly disappointed.