The Commerce Department reported that the U.S. economy grew 3.2% in the third quarter ending September 30. It was the best quarter of growth in two years and was driven by U.S. exports and solid consumer spending. The Federal Reserve of Atlanta said that 4th quarter growth should be around 3.6%. The economy continues to move forward, create jobs and lower the unemployment rate on President Obama's watch.
The economic report is a sharp contradiction to the economic fear preached by Trump during the campaign who told his supporters the economy grew only 1% in the third quarter and that the economy was a disaster. Trump and his party are so chapped that it is a democratic administration once again who is moving the country forward after the economic disaster brought about by the previous republican administration. It is just more evidence of Trump's lack of honesty and life style of being a fraud.
Trump will benefit from the strong U.S. economy upon taking office in January and no doubt will try and take credit but he and the republicans in congress are on record as the party who talk tough but no record of accomplishments to back up the rhetoric. In the mean time the country and its people will be in a merry holiday mood and thankful to share the Christmas season with family and friends and not having to live in fear.
This commentary written by Joe Lorio
