WASHINGTON (AP) — The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest full-year gain in more than a decade. Strength in business investment offset slightly slower consumer spending.
The Commerce Department on Wednesday revised up its growth estimate for last quarter from an initial estimate of a 4.1 percent annual rate.
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Vindicated Trump supporters will not walk. Nay my friends. They will RUN to the polls to keep the Trumpus MAGA Trrain rolling. Chug chug chugging along and on track for success. Toot toot.
Sure glad President Obama was able to get the economic vehicle out the ditch and got the motor rolling again after that tough recession. I’ll give 45 credit for not driving it back in the ditch and the vehicle being able to maintain it’s progress. My bottom line increasing and my wife’s business booming, the past 8 YEARS has been pretty good.
Well you are right! I just went and fact checked you! Harrumph!
However…in the middle of the page I found this:
No recession in 2019 but GDP growth might slow, says economist CNBC-3 hours ago Randy Anderson, Griffin Capital chief economist, discusses the revision to second-quarter GDP and what he expects for the domestic economy ….
Those darned CNBC economists! But…I’m putting my money on El Trumpus. Well, if I had any money I would.
I’m betting that steely-eyed dems financiers pay more attention to happy happy economy FoxBiz than debbie downer CNBC these days. Whatcha bet?
Walmart and CNBC (Yep ol debbie downer CNBC- albeit reluctantly and grudgingly) kinda disagree with you.
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Walmart’s best growth in comp store sales in a decade comes as the U.S. consumer is showing some of the best signs of strength since the recession.
Retail sales jumped in July, but so did the sales performance at retailers as consumers not only went shopping but spent money on travel and dining out.
Economists say consumer spending is being helped by the tax bill and also the fact that U.S. job creation remains strong, even as unemployment dipped below 4 percent.
You conveniently forget what the economy was like in 2008 when Obama started. What we see today ids the result of the Obama admin. Anything trump fumbled though is nominal.
trump has managed to exceed that in only 1 quarter
I’d like the OP to explain how obama the socialist could have had 5 quarter so good without giving the rich a huge tax cut while trump is expected to exceed that in only 1 quarter even after his give away to the wealthy
