WOW 2nd Quarter GDP Has Been Revised From 2.6% to 3.0%! This Is Beyond HUGE

From the article linked above:

The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter.

Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said in its second estimate on Wednesday. The upward revision from the 2.6 percent pace reported last month reflected robust consumer spending as well as strong business investment.

Republican President Donald Trump has set an ambitious 3.0 percent growth target for 2017, to be achieved through a mix of tax cuts, deregulation and infrastructure spending.

Folks this is beyond HUGE. I knew they were going to readjust the 2nd quarter to be 3%. We will NEVER see a quarter over the next 8 years below 3%.

Our President said during the campaign that he would get our GDP to 3% after his first year in office. People laughed and ridiculed him. Guess who isn’t laughing today. They are actually crying 😭 like they have never cried before.

The 3rd quarter GDP is projected to hit 4% according to the Atlanta Federal Reserve. Couple that with another 4% for the 4th quarter and we hit 3% for 2017!

What makes this even more amazing is the fact that the 1st quarter was a miserable 1.2%. Please keep in mind that Barry from Kenya πŸ‡°πŸ‡ͺ was still our President for 20 days during that 1st quarter. Our President only had a little over two months during that quarter and used that time to begin implementing his agenda. Especially unleashing the BEAST that is propelling our Economic Train πŸš‚. ENERGY!

1.2% + 3.0% + 4.0% + 4.0% = 3.05% or 3.1%

Barry from Kenya πŸ‡°πŸ‡ͺ averaged 1.55% for his eight miserable years as President.

From the article linked above:

Barack Obama was the only U.S. president in history who did not deliver a single year of 3.0%+ economic growth.

Obama averaged less than 2% growth in his years in office.

According to Louis Woodhill, President Barack Obama left office with the fourth worst economic record in US history.

Assuming 2.67% RGDP growth for 2016, Obama will leave office having produced an average of 1.55% growth. This would place his presidency fourth from the bottom of the list of 39*, above only those of Herbert Hoover (-5.65%), Andrew Johnson (-0.70%) and Theodore Roosevelt (1.41%).

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