U.S. third quarter GDP grew at the fastest pace ever recorded, expanding at an annualized pace of 33.1 percent—better than many experts expected.
The great economic news comes after a 31.4% downturn in the second quarter due to the coronavirus pandemic and lockdowns across the country.
President Trump reacted to the news today, writing on Twitter, “GDP number just announced. Biggest and Best in the History of our Country, and not even close. Next year will be FANTASTIC!!! However, Sleepy Joe Biden and his proposed record setting tax increase, would kill it all. So glad this great GDP number came out before November 3rd.”
GDP number just announced. Biggest and Best in the History of our Country, and not even close. Next year will be FANTASTIC!!! However, Sleepy Joe Biden and his proposed record setting tax increase, would kill it all. So glad this great GDP number came out before November 3rd.
— Donald J. Trump (@realDonaldTrump) October 29, 2020
Increased consumption along with solid gains in business and residential investment as well as exports fueled the third-quarter rebound. Decreases in government spending following the expiration of the CARES Act rescue funding subtracted from GDP.
The powerful growth pace came after governments across the country shut down large swaths of activity in an effort to stem the spread of Covid-19, which the World Health Organization declared a pandemic on March 11.
Anyone following the presidential election cycle knows Joe Biden would decimate our economy and lock down our entire country as soon as Emperor Fauci says he should do so.
These numbers are further proof we need a Trump 2020 victory so we can continue to Make America Even Greater!
A WHOPPING 56% of Americans Say They are Better off Today (Mid-Pandemic) than Under Obama-Biden
A recent Gallup survey found that a whopping 56 percent of Americans say they are better off now under President Trump–in the middle of a pandemic–than they were four years ago when President Obama was in office.
During his presidential campaign in 1980, Ronald Reagan asked Americans, “Are you better off today than you were four years ago?” Since then, this question has served as a key standard that sitting presidents running for reelection have been held to.
Gallup’s most recent survey found a clear majority of registered voters (56%) saying they are better off now than they were four years ago, while 32% said they are worse off.
The Gallup Poll has just come out with the incredible finding that 56% of you say that you are better off today, during a pandemic, than you were four years ago (OBiden). Highest number on record! Pretty amazing!
— Donald J. Trump (@realDonaldTrump) October 9, 2020
Gallup compared the 56 percent number to 2012, during the Obama-Biden Administration when just 45 percent of Americans could say they felt they were better off. In 2004, 47 percent of Americans said they were better off and in 1992, that number was at 38 percent.
President Trump responded to the news, writing on Twitter, “The Gallup Poll has just come out with the incredible finding that 56% of you say that you are better off today, during a pandemic, than you were four years ago (Biden). The highest number on record! Pretty amazing!”
ANOTHER Trump Peace Deal: Sudan to Normalize Relations with Israel
No wonder he’s received so many Nobel Peace Prize Nominations…
President Trump has announced that Sudan will begin normalizing relations with Israel—the third Arab nation to do so in recent months.
The deal, which would deepen Sudan’s engagement with the West, follows Trump’s conditional agreement this week to remove the North African nation from the list of state sponsors of terrorism if it pays compensation to American victims of terror attacks.
It also delivers a foreign policy achievement for Trump just days before the U.S. election and boosts his embattled ally, Israeli Prime Minister Benjamin Netanyahu. Recently, the United States brokered diplomatic pacts between Israel and the United Arab Emirates and Bahrain. Jordan recognized Israel in the 1990s.
According to White House Press Secretary Kayleigh McEnany, Sudan transferred $335 million into an escrow account for the victims of the 1998 attacks on the US embassies in Tanzania and Kenya, the terror attack on the U.S. Navy guided missile destroyer, the USS Cole, and the 2008 murder of a USAID employee in Khartoum.
“Today represents a momentous step forward in the United States-Sudan bilateral relationship and marks a pivotal turning point for Sudan, allowing for a new future of collaboration and support for its ongoing and historic democratic transition,” said McEnany.
President Trump invited journalists into the Oval Office during his phone call with the leaders of Israel and Sudan.
“This is one of the great days in the history of Sudan,” Trump said.
Israeli Prime Minister Benjamin Netanyahu said, “It is a new world. We are cooperating with everyone. Building a better future for all of us.”
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