Post #7877 by commonone on the US Policy board

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Another failure for president Biden: 4.9% GDP growth rate for the July-through-September period. Trying to remember if former president Trump ever had a GDP growth rate of 4.9% or higher other than the quarter after the 29.9% DROP following COVID-19 lockdown.

Gross domestic product, a measure of all goods and services produced in the U.S., rose at a seasonally adjusted 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had been looking for a 4.7% acceleration in GDP, which also is adjusted for inflation.

Trump in 2018: "You look at GDP at 3.2 percent, we're doing so well... Nobody would have believed it."

In TrumpWorld today there's lots of 'I don't care' but had Trump posted a couple of 4.9% GDP growth quarters with near record low unemployment he would have been demanding his cult erect him a statue.

https://www.cnbc.com/2023/10/26/us-gdp-grew-at-a-4....

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