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The numbers are in: Trump’s economy grew most last year since 2005

By Jon Dougherty

Democrats running for their party’s 2020 presidential nomination are going to have an increasingly difficult time convincing Americans that their vision of a top-heavy, government-run, socialist economy is superior to the free-market, capitalist juggernaut that their rival, POTUS Donald Trump, has built.

Economic figures for the fourth quarter are in and they show “unexpectedly” strong growth. In fact, fourth-quarter numbers show that the Trump economy posted the strongest growth since 2005.

Zero Hedge reports:

Following a one month delay due to the government shutdown in January, moments ago the BEA reported GDP for the fourth quarter combining both its first and second estimates, and while consensus was expecting a sharp slowdown in the last quarter of the year, from 3.4% in Q3 to 2.2%, the US economy surprised to the upside in Q4, when it grew a stronger than expected 2.6% (2.590% to be precise).

As the BEA explained, “this initial report for the fourth quarter and annual GDP for 2018 replaces the release of the ‘advance’ estimate originally scheduled for January 30th and the ‘second’ estimate originally scheduled for February 28th.”

On a year over year basis, 2018 GDP rose 3.1%, the highest print since 2005, and another chance for Trump to claim an economic win, although as Joseph Lavorgna notes, “at present, we’re still looking for sub-2% growth in the current quarter” and adds that these data also have no bearing on #Fed policy which is comfortably on perma-hold.



Wall Street responded positively to the news, especially the overall growth rate for last year and the unexpected rise in GDP for the 4th quarter, per Fox Business:

Equity futures pared declines as the U.S. economy grew by a rate of  2.6 percent this winter, beating analysts’ estimates of 2.3 percent thanks to solid consumer and business spending.

Futures had originally sold off after the summit between President Trump and North Korea’s leader Kim Jung-Un was cut short without the two making a deal. North Korea had  demanded that U.S.-led sanctions be lifted.

In 2018, the GDP increased by an estimated 2.9 percent (compared to 2.2 percent in 2017), narrowly missing the Trump administration’s goal of 3 percent growth for the year.

As for what to expect as 2019 rolls on, long-time bull Edward Yardeni sees positive signs and reason for more optimism.

In a research note this week, he singled out bear market forecasters who are warning investors that the earnings slowdown will derail the 2019 rally.

“There’s some bearishness because the comparisons for earnings on a year-over-year basis are probably go to be flat — maybe even slightly negative in the first half [of the year],” the Yardeni Research chief investment strategist said Wednesday on CNBC‘s “Trading Nation.”

“But beyond that, I think we are going to see an economy that’s growing with growing earnings.”

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Eloise
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Only President Trump’s fans will learn about these positive economic numbers. Trump-hating leftists refuse to acknowledge the improving economy under Trump, and the Deep State MSM, with it’s marital and other ties to Obama, keeps the rest of the public inside a bubble of ignorance and lies that bubble-dwellers willingly and unquestioningly accept. They won’t budge from that bubble. Trump can only preach to the choir unless or until he can free the MSM from it’s Deep State control. But keep up the good work, Mr. President. We patriots appreciate all the positive things you have done for our SOVEREIGN… Read more »

I Am Not Herbert
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I Am Not Herbert

The glories of socialism will be hard to sale when the economy is doing so well. Thought leaders on teevee such as Mika and GMA will have to cook up some potent fake newz about how terrible it is out there for the cloud cuckoo land comrades who let others think for them.

dan
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dan

Dosen’t so much, the main stream media will report that Trumps economy grew at a sluggish pace and Obama is the reason it grew at all. They will keep repeating it until it’s believed by all of their supporters and most of the undecided voters while promising free everything to everybody. This hands off, “…we mustn’t say anything bad about the good democrats and republicans…” needs to end. Remember the Declaration of Independence, it’s time to change the guard….

Garrity9290
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The reason for this economy is President Trump doesn’t promote government programs like “Cash for Clunkers”. Remember that Democrat program? It is never, ever mentioned by the Dems. Never. Even Biden doesn’t let that one slip. Too funny to me.

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