Happening In Trumps America: U.S. Economy Best In Almost Four Years

SUMMARY FROM VARIOUS NEWS ARTICLES
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The U.S. economy keeps moving strongly forward; in the second quarter of 2018, it crescendoed to its best performance since the third quarter of 2014.

The Commerce Department announced on Wednesday that gross domestic product (GDP) increased at a 4.2% annualized rate, up from 4.1% in July. According to Reuters, business spending on software increased more than previously estimated and the U.S. imported less petroleum.

Over the first half of 2018, the economy grew 3.2%; consumer spending was stimulated by the Trump administration’s $1.5 trillion tax cut package, which cut the corporate tax rate to 21% from 35% starting Jan. 1.

The Wall Street Journal noted:
Consumer spending accounts for more than two-thirds of total economic output, and Wednesday’s report showed Americans’ outlays grew robustly in the April to June period. Personal-consumption expenditures rose at a 3.8% annual rate in the second quarter, revised slightly from a previous estimate of 4.0% growth.
Oren Klachkin, lead economist at Oxford Economics in New York, cautioned, “We expect the pace of the expansion will cool in the second half of 2018, as the boost from fiscal stimulus starts to fade ... and trade protectionism weighs on activity.”

Meanwhile, gross domestic income (GDI) rose 1.8% in the second quarter after rising 3.9% in the first quarter. Gross domestic output, measured as the average of GDP and GDI, rose 3.0% between April and June; it rose 3.1% in the first quarter.

MarketWatch reported, “Consumer confidence rose in August to the highest level in 18 years.”




U.S. second-quarter GDP growth raised to 4.2 percent
https://www.reuters.com/article/us-usa-economy-gdp/u-s-second-quarter-gdp-growth-revised-up-to-4-2-percent-idUSKCN1LE1GB?utm_campaign=trueAnthem:+Trending+Content&utm_content=5b86cc6a04d30142ae758ed5&utm_medium=trueAnthem&utm_source=twitter

Comments

  • I for once do not bother to read anymore because L found out not too long ago that the wanna be journalist seems to not understand most of the news articles he provide in here, but what he seems to be doing is making up stories out of the blue sky to confuse the readers just like how Trump lawyer Rudy is doing to the medias. Shameful act of desperation is what it is.. the fact is, the US economy started to picked up momentum during the year 2014 after the recession in 2008, do the math honestly and you will come out with the fact that it took the economy nearly seven years to recover and to crying out loud that this recovery is the result of this two years admin of Trump's doing is plain worn and NOT true, what it is, is a momentum of what was planned and stetted up by the previous Administrations, their hard work is now becoming the credit seems t be taken by these MORONS!.. it absurd!
  • I for once do not bother to read anymore because L found out not too long ago that the wanna be journalist seems to not understand most of the news articles he provide in here, but what he seems to be doing is making up stories out of the blue sky to confuse the readers just like how Trump lawyer Rudy is doing to the medias. Shameful act of desperation is what it is.. the fact is, the US economy started to picked up momentum during the year 2014 after the recession in 2008, do the math honestly and you will come out with the fact that it took the economy nearly seven years to recover and to crying out loud that this recovery is the result of this two years admin of Trump's doing is plain worn and NOT true, what it is, is a momentum of what was planned and stetted up by the previous Administrations, their hard work is now becoming the credit seems t be claimed by these MORONS!.. it absurd!
  • @visafree, what the facts and truth hurts? Hahaha
  • Flag down flag up flag down American hero says fuck you trump.
  • Economy Up
    Unemployment down
    Space force up

    Haha
  • Trumpito thinks we can afford a $1.5 trillion tax cut for millionaires & corporations, but cannot afford to give public servants a 2% raise.....
  • 90% of Americans are benefiting from the Trump and the GOP tax cuts.
    https://www.politifact.com/new-york/statements/2018/mar/09/chris-collins/are-americans-already-benefiting-new-tax-law/

    4 million americans got bonusus, 3 million got hired because of it. Economy is up, unemployment is down. GDP is 4.2% and consumer spending is up.

    All the things Trump said would happen if he got elected are happening. Space force and beyond. MAGA
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