The Gateway Pundit is reporting today that the third quarter GDP was 3.5 percent.
The article reports:
The US GDP for the third quarter was reported at a whopping 3.5% under the leadership of President Donald Trump. This was another BIG Trump win which doubles the first quarter growth of 2.2%.
President Obama never reached an annual GDP Growth rate of more than 3.0%. No President over the past century had not ever been held to GDP growth rates of less than 3.0% until Obama.
The article includes the following chart:
One thing to keep in mind when looking at the above numbers is what would have happened had Hillary Clinton been elected in 2016. The policies of President Obama would have continued–slow economic growth, high unemployment, increased dependency on food stamps, etc. One political theory that is embraced by some in the political left is Cloward Piven.
The Cloward-Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of “a guaranteed annual income and thus an end to poverty”.
I believe that the outcome of the Cloward-Piven theory was the goal of the economic policies of President Obama and expected President Hillary Clinton. We have temporarily dodged that bullet, but we need to remember that there are powerful Americans working toward that end.