Saturday, July 28, 2018

US Economy Surging


From 2009 to 2016, the US economy was in the toilet. The US national debt increased from $10 trillion to $20 trillion.

On 1/1/17, Trump became President and announced his plan to restore the US economy. This involved lowering the corporate tax rate, removing unnecessary regulations, lowering the US trade deficit, restoring manufacturing jobs and stopping excessive immigration.

On 7/27/18 Trump announced that the US trade deficit has dropped by $50 billion, US exports are up 20%, US GDP rose 4.1% in Q2 and US Steel is opening 7 new plants. Trump went on to say that each point of GDP growth brings $3 trillion and 10 million jobs. – Fox News.

The Dow reached 26,616 on 1/29/18 and then began to drop. It retrenched back to a low of 23,860 on 2/8/18. It then climbed back to close at 25,451 on 7/27/18. 

US GDP annual growth
2016: 1.5%
2017: 2.3%
2018: 2.8% est.

US GDP growth by quarter
2017:  Q1-1.2%, Q2-3.1%, Q3-3.2%, Q4-2.9%
2018:  Q1-2.2%, Q2-4.1%

US GDP
2016: $18.57 trillion
2017: $19.39 trillion
2018: $20.41 trillion est.

Trump manages by the numbers, not by the platitudes.

Norb Leahy, Dunwoody GA Tea Party Leader  

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