" 'The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years," CNBC reported.
"That's the result of putting a capitalist in the Oval Office." . . .
. . .
"It took a decade to recover thanks to Obama's inept administration.
"President Trump waved his magic wand. Poof. The Great Recession disappeared as he rolled back taxes and regulations. America is using tariffs to protect its industries again.
Today's report by CNBC said, "Exports rose 3.7% in the first quarter, while imports decreased by 3.7%. Economic growth also got a lift from strong investments in intellectual property products. Those investments expanded by 8.6%."
We are Making America Great Again, or as Sloppy Joe Biden would say, “America’s coming back like we used to be.”
"Like we used to be"?: GDP Growth Slows to 1.9 Percent in Obama's Final Days
. . . "All told, growth under Obama averaged less than 1.5 percent annually. Analysts have called into question just how much a particular president actually impacts the economy during his tenure. But even though the labor market surged under the Obama administration, GDP numbers stubbornly held back."
UPDATE: Ignorant press 'surprised' by 3.2% blowout GDP number
. . . "Charles Payne at Fox News, a seasoned financial journalist, gave the bug-eyed headlines a sidelong glance in this tweet:
OMG Breaking News 1Q 2019 GDP 3.2%Monster number Bloomberg was looking for zero gaign and experts dismissed great signs along the way. This is AMAZING!!!! I have to dig into the details. . . .
"So what are these experts saying now that GDP growth accelerated to a startling 3.2% in the first three months of the year?
"Early in the year, anyone following the news was being bombarded with warnings about the economic calamity that the lengthy (partial) government shutdown would cause.
“ 'The government shutdown may have done significantly more damage than was projected at the time,” is how one writer at Seeking Alpha put it." . . .
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