Thanks to President Trump, not only has the US Stock Market set multiple all time high records, the US GDP just soared past $19 trillion for the first time – ever.
The second quarter US Gross Domestic Product annual growth rate released on Friday showed two times the rate from the first quarter under Trump according to the US Bureau of Economic Analysis.
Under Prz Trump the 2nd Qtr annual GDP growth rate nearly doubled the 1st Qtr & surpassed $19T 4the 1st time EVER ??https://t.co/WHK0PhipYT pic.twitter.com/I3wy8zqeub
— ?Sophia? (@surfermom77) July 29, 2017
“Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017, according to the ‘advance’ estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent, (revised up from the original 0.7 percent growth),” the BEA reported.
If Trump can achieve 2.6% GDP growth with no healthcare reform and no tax reform, the future looks VERY bright.
— Bill Mitchell (@mitchellvii) July 28, 2017
Economists said 3% GDP Trump promised was impossible. GDP surged to 2.6% in the 2Q under Trump. That’s WITH his own party blocking him.
— The Hanging Chads (@TheHangingChads) July 29, 2017
According to the Bureau of Economic Analysis:
GDP is one of the most comprehensive and closely watched economic statistics: It is used by the White House and Congress to prepare the Federal budget, by the Federal Reserve to formulate monetary policy, by Wall Street as an indicator of economic activity, and by the business community to prepare forecasts of economic performance that provide the basis for production, investment, and employment planning.
Second quarter US GDP grew to $19.2 trillion, up from $19.1 trillion at the end of the first quarter. That surpassed the end of 2016 which saw the GDP at $18.9 trillion, according to the BEA. in just two quarters under Trump, the US GDP has grown by more than $300 Billion.
Talk about winning.
As a matter of fact, former President Obama’s first two quarters in office saw the GDP shrink by more than $200 billion.
Obama saved the US economy? Under Trump the GDP is now 2.6. Obama 1% and sometimes dipped into the negatives, despite job growth? Really https://t.co/NcbcjW0wcv
— Alexandra Trump (@KAFosterSowell) July 29, 2017
GDP surged to 2.6% in the 2nd quarter under Trump, just a few ticks away from 3% which economists have called IMPOSSIBLE.
— Bill Mitchell (@mitchellvii) July 28, 2017
While the GDP rates are impressive on their own, the US stock market has benefited from the Trump presidency as well, up 19 percent since the election.
U.S. Stock Market up almost 20% since Election!
— Donald J. Trump (@realDonaldTrump) July 29, 2017
The Dow Jones Industrial Average closed at 21,796 on Friday, its 28th all time high of 2017.
That’s a lot of first and all-time-highs, and Americans are grateful.
#Trump: “GDP is at 2.6%, double from 1st quarter”
We are finally bringing America back into a booming economy! ?? pic.twitter.com/iA5qgyYtkG
— ??Ryan ?? (@RyanJensen2018) July 28, 2017
Thank God, I’ve only waited 8 years!!!
— fromphoenix (@fromsuncity) July 29, 2017
Wake up right! Receive our free morning news blast HERE
MORE WINNING! https://t.co/Yu1f6sXiQa
— Florida For Trump (@FL4TRUMPDOTCOM) July 29, 2017
Trump’s America is awesome!
2.6% GDP growth
Border crossings down 60%
Regulations slashed
Gorsuch inR congress still worthless!
— Eddie (@eddiecarl4468) July 28, 2017
I’m going to turn on CNN right now for all the details
— Steve (@SteveLfcco) July 29, 2017
. “I just saw the numbers. GDP is up double since the 1st quarter.”
–President Trump#MAGAX3#NYC pic.twitter.com/o4iBU7QS4G— Less Gov. More Fun. (@LessGovMoreFun) July 28, 2017
With NO help from #Congress @GOP @HouseGOP @SenateGOP @SpeakerRyan @SenateMajLdr imagine if healthcare was passed and tax reform ?
— I ❤️Winning ???? (@MarieMa49685063) July 28, 2017
Stop. So much winning. Pres T, were tired of all the winning.
— Mitch Beauregard (@BeauregardM) July 28, 2017
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
Frieda@bizpacreview.com
Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.
- ‘Are we next?!’ Kilmeade breaks down shady FBI actions, concludes Trump justified in his outrage - August 30, 2022
- Grandfather throws down with aggressive kangaroo that attacked his dogs, but who really won? - June 4, 2022
- ‘My name is Dr. Robinson’: Proud abortionist snaps at Chip Roy calling her ‘Miss’ during hearing - May 19, 2022
Comment
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.
