U.S. Economy Roars Back, Grew 2.9% in Third Quarter

[777]

Hold up there - I know these numbers can be heavily manipulated, but USSA Today is saying the GDP has been revised to 3.1 percent in Q3:

http://www.usatoday.com/story/money/2016/11/29/economy-grew-solid-32-q3/94569108/

sounds like increased consumer spending was the biggest impetus.

 

[InTheLight]

Hold up there - I know these numbers can be heavily manipulated, but USSA Today is saying the GDP has been revised to 3.1 percent in Q3:

http://www.usatoday.com/story/money/2016/11/29/economy-grew-solid-32-q3/94569108/

sounds like increased consumer spending was the biggest impetus.

Yeah, I quoted that article a few posts upstream. My graphic saying Obama has never had a *year* with 3% GDP growth is true.

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[777]

Wow, I thought I read through the whole thread but now I see the post - well, they are saying they think Q4 will come in at between 2 and 2.5 so you will be right there about Obama and his less-than-stellar GDP numbers. If Trump does actually spend a trillion dollars on infrastructure, whatever that means to him, the GDP will go up temporarily much higher than what they are saying in the article.

 

[InTheLight]

If Trump signs a tax cut bill, especially a corporate tax cut, we should see 3% GDP. We would probably see 3% in his first quarter in office just based on what he wants to do.

Lower regulations, sign the XL pipeline bill, some spending cuts, and we will easily see 3% GDP growth. Don't even need the infrastructure bill to get there.

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