Wednesday, August 30, 2017

The Trump Effect: US revised second-quarter GDP up 3.0% vs 2.7% rise expected, Triple the Obama GDP rate

Imagine how much better the country would be if Republicans were fighting for the Trump agenda instead of against it. 
These yellowbelly GOPers are making fools of themselves for not supporting this president.  Cowards!

CNBC reports the U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter.

Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said in its second estimate on Wednesday. The upward revision from the 2.6 percent pace reported last month reflected robust consumer spending as well as strong business investment.

Growth last quarter was the best since the first quarter of 2015 and followed a 1.2 percent pace in the January-March period. Economists had expected that second-quarter GDP growth would be raised to a 2.7 percent rate.

More here

President Obama wouldn't know how to improve the economy even if you gave him color by numbers book on it.  He didn't care and he never did throughout his horrid presidency.  President Trump knows how and the economy is percolating despite opposition to his agenda.      

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