‘Greatest Economy In US History’ Grows At Second-Slowest Pace In 15 Quarters
When it comes to Donald Trump's MAGA economy, it's all relative.
On Wednesday morning, just minutes before the advance read on Q3 GDP was released, the president tweeted this: "The Greatest Economy in American History!"
As it turns out, the US economy grew 1.9% in Q3, which is a solid beat versus consensus (1.6%) but a country mile away from any superlative that indicates we're enjoying an economic renaissance that historians will one day marvel at as they pen the story of America in the 21st
Trump on twitter, May 31, 2012:
“Q1 GDP has just been revised down to 1.9% http://1.usa.gov/3hAL The economy is in deep trouble.”
I had never looked at trump’s Contract with the American Voter (2016), but it’s a great cartoon read, like the measures to clean up corruption and collusion, e.g., a complete ban on foreign lobbying (including his own criminal acts of course) — term limits for all members of Congress, create 10 million jobs in “first term” and of course grow the economy 4% per year — no wonder people boo him, he’s a fraud that hides behind chaos and bullying (and racism). If he wore a bag on his head and was a contestant on his stupid game show, he’d be fired and look like the idiot he is. I guess the GOP can hang their heads in that noose …