Surge Summary: Tremendous economic news emerges just days before Tuesday’s vote: GDP growth and earnings numbers way up, jobless claims down. Something for the Trump administration to celebrate.
by Gary Bauer
Once again, the Trump economy has confounded the experts. Third quarter GDP growth came in at a record 33.1% annualized rate, beating estimates of 32%. It was also greater than the 31.4% decline we suffered during the second quarter lockdown.
And there’s more good news: Weekly jobless claims fell to their lowest level since March 14th, again beating expectations.
In addition, CNBC reports that so far in third quarter earnings season, “85% of companies have beat expectations by an astounding 19% on average.”
God forbid if Donald Trump and Mike Pence lose this election. By Inauguration Day vaccines that they developed will be available to help reopen our economy. But in the meantime, the American people will have put into office radical progressives who do not know how to grow an economy.
The views here are those of the author and not necessarily Daily Surge
Originally posted here.
Image: CC0 Public Domain; https://pxhere.com/en/photo/1449225;
Gary Lee Bauer is an American politician and activist, who served in the Reagan administration. He later became president of the Family Research Council and a senior vice president of Focus on the Family. In 2000, he participated in the Republican presidential contest.
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Surge Summary: Tremendous economic news emerges just days before Tuesday’s vote: GDP growth and earnings numbers way up, jobless claims down. Something for the Trump administration to celebrate.
by Gary BauerOnce again, the Trump economy has confounded the experts. Third quarter GDP growth came in at a record 33.1% annualized rate, beating estimates of 32%. It was also greater than the 31.4% decline we suffered during the second quarter lockdown.
And there’s more good news: Weekly jobless claims fell to their lowest level since March 14th, again beating expectations.
In addition, CNBC reports that so far in third quarter earnings season, “85% of companies have beat expectations by an astounding 19% on average.”
God forbid if Donald Trump and Mike Pence lose this election. By Inauguration Day vaccines that they developed will be available to help reopen our economy. But in the meantime, the American people will have put into office radical progressives who do not know how to grow an economy.
The views here are those of the author and not necessarily Daily SurgeOriginally posted here.
Image: CC0 Public Domain; https://pxhere.com/en/photo/1449225;
Gary Lee Bauer is an American politician and activist, who served in the Reagan administration. He later became president of the Family Research Council and a senior vice president of Focus on the Family. In 2000, he participated in the Republican presidential contest.
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