Trump’s Economy Outpaced Biden’s In The Third Quarter – OpEd |
By Andrew Moran
The US economy went gangbusters in the third quarter, proving again that the administration’s aggressive tariff and tax plans have not put the country on the path to a downturn. What’s more, the July-September data suggested conditions could be better than they were a year ago. Has Trump’s economy delivered so far? Put simply, the recession – or depression – has been canceled.
CNBC’s Rick Santelli had this to say about the newest GDP numbers: “This is strong!”
The Bureau of Economic Analysis released the highly anticipated and delayed third-quarter gross domestic product report on Dec. 23. The results? To quote President Donald Trump: “A .” Well, not that amazing but close enough.
Growth came in at 4.3%, up from the 3.8% registered in the second quarter. Economists had penciled in a reading of 3.3%. Economic conditions were bolstered by consumers opening their wallets, with spending climbing 3.5%. Exports also boomed, rising 8.8% in the last quarter. Both numbers accelerated from the second........