{"id":1028380,"date":"2023-11-29T18:35:47","date_gmt":"2023-11-29T18:35:47","guid":{"rendered":"https:\/\/democrats.org\/?p=1028380"},"modified":"2023-11-29T18:35:48","modified_gmt":"2023-11-29T18:35:48","slug":"latest-gdp-growth-shows-the-economy-booming-under-biden-far-outpacing-trumps-record","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/latest-gdp-growth-shows-the-economy-booming-under-biden-far-outpacing-trumps-record\/","title":{"rendered":"Latest GDP Growth Shows the Economy Booming Under Biden, Far Outpacing Trump\u2019s Record"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Today\u2019s GDP growth numbers demonstrate how President Biden\u2019s Bidenomics agenda continues to deliver, with new data revealing the economy defied expectations and posted a stellar 5.2% growth rate for Q3 \u2014 faster than initially reported. Economic gains under President Biden dwarf the three and four-percent GDP growth Trump once touted.\u00a0<\/p>\n\n\n\n

The American economy continues to boom under President Biden\u2019s leadership \u2013 Q3\u2019s whopping 5.2% growth rate has completely outperformed average growth under Trump\u2019s MAGAnomics agenda.<\/strong><\/p>\n\n\n\n

CNBC<\/a>: \u201cU.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated\u201d<\/strong><\/p>\n\n\n\n

\u201cThe U.S. economy grew at an even stronger pace then previously indicated in the third quarter,<\/strong> the product of a better than expected business investment and stronger government spending, the Commerce Department reported Wednesday.\u201d<\/p>\n\n\n\n

Trump marveled at the possibility of five-percent GDP growth during his administration \u2013 and blamed the Federal Reserve for not \u201chelping him\u201d achieve it. <\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cIf we sustained three percent growth instead of two percent, only one point \u2013 and I think we have a long way to grow; I know we have a long way to grow \u2013 that means twelve, think of it, one point: twelve million new jobs and ten trillion dollars of new economic activity over the next decade. Think of it. Ten trillion dollars. And if we ever went to four percent, think of that\u2014or five percent, <\/strong>or six percent. Let\u2019s see what happens. They were all sort of smiling when I said three percent. I must say, we came\u2014we hit the number faster than I thought, but we hit three percent last quarter.\u201d<\/p>\n\n\n\n

Trump<\/a>: \u201cNow, when I ran, they were all saying, \u2018You can’t say 3 percent.\u2019 And last year, we hit 3 percent for the year. And we had one month at 4.2 percent. And, frankly, if interest rates would come down a little bit, we’d do 5 percent. If I get a little help – need a little help. Got to get my little help there. <\/strong>I’m not going to be a wise guy. I want a little help. A little lower interest rates, a little quantitative easing. Just a little bit, we’d hit 5.\u201d<\/p>\n\n\n\n

Trump once hailed four-percent GDP growth as \u201cdoing phenomenally well.\u201d <\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cOur country is doing phenomenally well.<\/strong> We\u2019re going all the way. You look at what\u2019s happening outside of the United States, it\u2019s not a pretty picture. Inside of our country, we are just setting records. And I\u2019m going to keep it that way. We have a lot of potential. We have a long way to go. Great trade deals are being negotiated right now. We\u2019re doing some great, great trade deals. When that happens, your 4.1 is going to go even higher. <\/strong>We\u2019re having a lot of fun.\u201d<\/p>\n\n\n\n

Let\u2019s not forget that Trump said that having a Democrat for president would hurt our GDP. By Trump\u2019s own standards, President Biden\u2019s Bidenomics agenda has completely debunked that claim. <\/strong>
<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cAnd believe me, if I didn’t get elected, if the opposition party, which I call the obstructionist party, they’re obstructionists, it’s all they\u2019re good at. If they got elected \u2026 you would have been down to a GDP that would have been negative. You would have had a negative GDP, and wait until you see over the coming quarters how good it is going to be.\u201d
Trump<\/a>: \u201cIf the Democrats got in with their agenda in November of almost two years ago, instead of having 4.2 up, I believe honestly you’d have 4.2 down; you’d be negative. You’d be in negative numbers right now. You’d be a negative number.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Today\u2019s GDP growth numbers demonstrate how President Biden\u2019s Bidenomics agenda continues to deliver, with new data revealing the economy defied expectations and posted a stellar 5.2% growth rate for Q3 \u2014 faster than initially reported. Economic gains under President Biden dwarf the three and four-percent GDP growth Trump once touted.\u00a0 The American economy continues to […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1028380","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nLatest GDP Growth Shows the Economy Booming Under Biden, Far Outpacing Trump\u2019s Record - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/latest-gdp-growth-shows-the-economy-booming-under-biden-far-outpacing-trumps-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-29T18:35:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-29T18:35:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2023\/11\/New-War-Room-Release-Logo-22.png?w=1024\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/latest-gdp-growth-shows-the-economy-booming-under-biden-far-outpacing-trumps-record\/\",\"url\":\"https:\/\/democrats.org\/news\/latest-gdp-growth-shows-the-economy-booming-under-biden-far-outpacing-trumps-record\/\",\"name\":\"Latest GDP Growth Shows the Economy Booming Under Biden, Far Outpacing Trump\u2019s Record - 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