President Trump just led the U.S. to an incredible economic accomplishment never achieved before.
After mandatory coronavirus lockdowns shocked the U.S. economy early in 2020, the great American recovery is well under way thanks to President Trump who helped the country achieve its largest GDP growth number in history.
For July, August, and September, the GDP, which measures total goods and services produced, grew at the record-shattering pace 0f 33.1% on an annualized basis.
The previous post-World War II record was the 16.7% growth in the first quarter of 1950. The new burst came after a 31.4% plunge in the second quarter.
President Trump celebrated the impressive growth numbers on Twitter, “GDP number just announced. Biggest and Best in the History of our Country, and not even close. Next year will be FANTASTIC!!! However, Sleepy Joe Biden and his proposed record setting tax increase, would kill it all. So glad this great GDP number came out before November 3rd.”
“This record economic growth is absolute validation of President Trump’s policies which create jobs and opportunities for Americans in every corner of the country,” President Trump’s campaign said in a statement.
“The President built the world’s best economy once and he’s rapidly doing it again, proving that cutting taxes and reducing regulations and red tape clear the way for American ingenuity and our entrepreneurial spirit to thrive.”
“We have regained more than half of the jobs lost to the global pandemic in less than six months, while it took more than two years to regain half of job losses from a recession while Joe Biden was in charge. President Trump will continue to safely reopen the country, while Biden is the candidate of lockdowns, inviting another economic shutdown which would devastate working people and cause even more health problems above and beyond what the coronavirus has caused,” the campaign said.
The Trump campaign also blasted Trump’s opponent, Democratic nominee Joe Biden, saying he “has been an economic disaster for nearly five decades in Washington, backing disastrous trade deals and putting China’s interests ahead of American workers. Biden’s plans for a $4 trillion tax increase and Green New Deal regulations on every person, business, building, and farm in the nation would kill this recovery while it’s already in full swing. For voters, the choice is simple: It’s a Trump boom versus a Biden depression.”
Larry Kudlow, director of the United States National Economic Council, was notably impressed by the powerful rebound.
“We’ve never had anything remotely close to this,” Kudlow said Thursday on Fox News.