US GDP To Show Massive Growth Not Seen in Decades Just in Time for Election
By: Jack Davis
I thought I’d seed a neat forward looking positive news story that’s actually great for America, the American economy, and we the people. The economy is roaring back in a super V shaped recovery. GDP is roaring back, inflation and interest rates are low, unemployment is getting back toward pre pandemic levels faster than anyone thought possible, housing values are increasing, and the markets are sound. Manufacturing is growing and people are confident that we are not going lock down again. We have a choice between an economic boom again with Trump or a full on depression rivaling the 1930’s if Biden gets in.
S E E D E D C O N T E N T
Jayk7 / Getty Images In the above stock photo, a concept of a gross domestic product economic indicator is shown. (Jayk7 / Getty Images)
America’s economy has come roaring back, according to predictions for next week’s unveiling of the third-quarter figure for the nation’s gross domestic product.
The federal government will officially unveil its figures next Thursday, but Bloomberg , in its survey of economists, is predicting a 30 percent growth, which it labeled “remarkable” as well as a postwar record.
In its reporting, Bloomberg said that it expects the economy to keep growing and that one factor in future growth is that “states are unlikely to reimpose widespread lockdowns even if cases continue to rise.”
Bloomberg noted that consumer spending has risen for four straight months and that the National Association of Home Builders monthly index of builder sentiment is the highest since it began in 1985.
Bloomberg’s forecast is not the only one looking up.
In September, the Bank of America predicted the third-quarter GDP growth will be 27 percent, according to Yahoo .
The GDP Now calculator of the Federal Reserve is even more positive, with a prediction of 35.3 percent growth when it was last updated on Tuesday, according to the Federal Reserve of Atlanta .
Will Democrats halt America's recovery?
In its reporting on the expected 30 percent GDP growth, CNBC noted that the economy has added 11.5 million jobs since May and that confidence is rising.
The Conference Board’s CEO Confidence Index, which measures the percent of positive responses on economic conditions, hit 64 in September after a reading of 45 in August.
The report said 64 percent of those surveyed expect economic conditions to keep getting better.
“CEOs entered Q4 significantly more upbeat than they were earlier this year,” said Dana Peterson, chief economist of The Conference Board.
“Notably, talent shortages eased in the wake of COVID-19 and nearly two-thirds of business leaders said they anticipated little, if any, problems with attracting qualified workers. Nonetheless, uncertainty around the pandemic — and its aftermath — remains a risk to Q4′s newfound optimism as we enter 2021,” Peterson added.
Earlier this month, President Donald Trump said that the recovery could be stalled if Democratic Joe Biden wins the presidential election.
“The policies of the left would unleash an economic disaster of epic proportions,” Trump said, according to CBS .
“The choice facing America is simple: It’s the choice between historic prosperity under my pro-American policies, or crippling poverty and a steep depression under the radical left,” Trump said in a speech to the Economic Club of New York, according to the New York Post .
“Under my continued leadership, we will continue our V-shaped recovery and launch a record-smashing economic boom,” he said.
“We will end the pandemic with a safe and effective vaccine, create 10 million jobs in the first 10 months of 2021, and quickly return to full employment,” Trump said.
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Nah. 'the Trump' walked through the door on an expanding and growing economy. Trump's only accomplishments in his four year tenure thus far is chaos at the border, chaos at the polls, chaos on everything he touches, illegal child separation and in spite of his best efforts, unable to cripple the US Economy in place for him by the previous Administration.
LAUGHABLE!!! Thank you for the best belly laugh of the day.
This is slightly, no much more applicable.
And it's from that Trump loving organization CNN!
But Trump has lowered taxes, beat the JV Team ISIS, utilized the Obama/Biden built "cages" to temporarily hold illegal aliens for processing until a decision as to what their status would be, created the best economy America has enjoyed in decades, created a much more stable middle east with now four Arab nations recognizing Israel lessening tensions between Arabs and Israel while at the same time marginalizing Iran and it's America hating Ayatollahs.
I can help with more facts if you desire. But I doubt you want facts as opposed to listening to those hate trump voices.
Fact less.
On the wealthy...
One person opens those links . MAGA does.
Don't encourage him to stop!!!
Well if he;s wasting his time posting totally ineffective messages-- is that necessarily a bad thing!
(Plus-- if anyone nis curious, it shows us a lot about who he really is...
)
Because while those who have already made up their minds won't read them, those in the center and others who haven't yet made up their mind...do read the links liberals post! (Its just common sense not to waste time trying to "preach to the choir"...
A bit late to be believe anybody will believe Trump!
Here is some reality for you.
Renewable Energy Job Boom Creates Economic Opportunity As Coal Industry Slumps
US GDP To Show Massive Growth Not Seen In Decades Just In Time For Election
Fake News!
Pure conjecture.
(BTW a lot of the smarter traders [Stock market] I know or lightening up, reducing their exposure to stocks in expectation of a significant downturn). As am I.Sure a lot of the inexperienced kids on Robinhood have no idea what they are doing, and taking serious risks. And short-term that sometimes moves markets. But, asa the saying goes,:
House Built on a Weak Foundation Will Not Stand">
Of course, as a famous Yogi Guru once said:
Prediction is difficult...especially about the Future.
-Yogi Berra
A major market correct before the Election is no certainty--- but my research indicates the odds of that are increasing.
US GDP To Show Massive Growth Not Seen In Decades Just In Time For Election
"JUST IN TIME FOR THE ELECTION WATCH":
Dow drops 900 points on mounting concerns over the coronavirus and the global economic recovery
So what do you think of that ("just in time for the election") news, homie?
Some quarter of quarter math trick cannot alter the fact that except for the very wealthy Americans are hurting right now. Jobs are scarce and nobody feels safe. Covid-19 still rages and even the artificiality sustained financial markets acknowledge we are truly into a deep recession that needs actual leadership to get out of. Smoke and mirrors won't work. Vote Democratic if you want real prosperity.