President Donald Trump hailed the latest figures showing the economy grew at a record 33% rate in the third quarter.
Trump tweeted Thursday: “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.”
The gross domestic product bounced back at a 33.1% annualized rate last quarter, the Commerce Department said.
It was the fastest pace since the government started keeping records seventy-three years ago and followed a shrinkage rate of 31.4% in the second quarter
The GDP report is one of the last economic scorecards to be released before Tuesday’s presidential election.
Jeffrey Rodack ✉
Jeffrey Rodack, who has nearly a half century in news as a senior editor and city editor for national and local publications, has covered politics for Newsmax for nearly seven years.
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