Our previously stagnant economy is perking up – six months into President Trump’s administration.
Money Money Money!
via The Conservative Treehouse:
July 29, 2017
MAGAnomics – U.S. GDP Growth Doubles in Second Quarter 2017….
The U.S. Gross Domestic Product (GDP) is the value of all goods and services generated within the U.S. economy over a designated period of time. In the second quarter (April, May, June) the GDP grew at a rate of 2.6%. That’s more than double the first quarters 1.2% growth rate.
President Trump set a goal of 3% GDP growth for the first year of his administration. Reaching 2.6% in the second quarter is significant progress toward the attainment of a goal all economists said was unattainable. Those same nay-sayers are also focused on wage rate growth which they claim is not moving with the economy. They are disconnected.
Again, CTH draws attention to the new modern era in economics. Most analysts and punditry have no historic reference points for a new dimension in U.S. economics; where 30 years of fiscal policy to the benefit of Wall Street has how shifted to the benefit of Main Street. We are now in the space between these two economic engines. Traditional economic review no longer applies.
The current growth in GDP is primarily driven by growth in trade. This is the big ‘jump’ between the two quarters. In addition to forcing open markets for U.S. suppliers (see China/Beef and EU/coal), the view of energy as an export commodity is specifically Trumpian MAGAnomics in size, scale and scope.
Read More HERE