US President Trump says the US economy is booming at 3.4% growth, with consumer spending and business investment way up and equipment investment up 21%; ; core inflation remained low
ORIGINAL · NewsquawkUS President Trump says the US economy is booming at 3.4% growth, with consumer spending and business investment way up and equipment investment up 21%; ; core inflation remained lowRead originalHide original
Full post: Today I am pleased to report, in breaking news this morning, that the U.S. economy is booming at 3.4 percent — a historic level of economic growth. Consumer spending is way up, business investment is way up, and investment in new equipment exploded by 21%, which means record numbers of factories and companies are being built and expanded in the U.S.A. Very importantly, core inflation remained low. We are smashing expectations — with today’s numbers beating 72% of economists’ forecasts. Our economy is roaring but, if the Dumocrats win the midterms, they will burn it all down. If you want to keep this growth going, you must vote Republican! President Donald J. Trump
Trump cited 3.4% growth and strong spending, but retrieved reports clarify the GDP measure and do not verify the 21% equipment claim, low-inflation characterization, or 72% forecast statistic.
News detail
Full post: Today I am pleased to report, in breaking news this morning, that the U.S. economy is booming at 3.4 percent — a historic level of economic growth. Consumer spending is way up, business investment is way up, and investment in new equipment exploded by 21%, which means record numbers of factories and companies are being built and expanded in the U.S.A. Very importantly, core inflation remained low. We are smashing expectations — with today’s numbers beating 72% of economists’ forecasts. Our economy is roaring but, if the Dumocrats win the midterms, they will burn it all down. If you want to keep this growth going, you must vote Republican! President Donald J. Trump
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