{"id":1029381,"date":"2024-01-25T19:33:07","date_gmt":"2024-01-25T19:33:07","guid":{"rendered":"https:\/\/democrats.org\/?p=1029381"},"modified":"2024-05-20T03:48:26","modified_gmt":"2024-05-20T03:48:26","slug":"even-trump-agrees-gdp-growth-under-president-biden-shows-signs-of-booming-economy","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/even-trump-agrees-gdp-growth-under-president-biden-shows-signs-of-booming-economy\/","title":{"rendered":"Even Trump Agrees: GDP Growth Under President Biden Shows Signs of Booming Economy"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

In response to GDP growth numbers showing the strength of America\u2019s economy under President Biden, <\/em>DNC Rapid Response Director Alex Floyd released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201cDonald Trump called GDP growth numbers less impressive than today\u2019s \u2018unbelievable<\/a>\u2019 and evidence of a \u2018tremendous<\/a>\u2019 economy \u2013 we can\u2019t imagine what he\u2019d say with numbers even higher under President Biden. After four years of Trump\u2019s failed MAGAnomics agenda that rigged the economy for the ultra-wealthy and saw a net loss of American jobs for the first time since Herbert Hoover, Americans are seeing every indicator that Bidenomics is delivering for hardworking Americans and building the economy from the bottom up and the middle out.\u201d<\/p>\n\n\n\n

NEW: President Biden continues to deliver on the economy \u2014 as the U.S. economy continued to grow in the final quarter of 2023.<\/strong><\/p>\n\n\n\n

CNBC<\/a>: \u201cThe U.S. economy grew at a 3.3% pace in the fourth quarter, much better than expected\u201d<\/strong><\/p>\n\n\n\n

New York Times<\/a>: \u201cThe U.S. economy continued to grow at a healthy pace at the end of 2023, capping a year in which unemployment remained low, inflation cooled and a widely predicted recession never materialized.\u201d<\/strong><\/p>\n\n\n\n

Barron\u2019s<\/a>: \u201cGDP Growth Surged for a Strong Finish to 2023\u201d<\/strong><\/p>\n\n\n\n

Trump used to brag about less impressive GDP growth numbers and repeatedly said GDP increases translated to major economic gains for America.<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cRight now we hit a 3.2. Nobody thought that was possible in four years. \u2026 Each point is $3 trillion and 10 million jobs. Just remember that.\u201d<\/p>\n\n\n\n

Trump<\/a>: \u201cIf you look at GDP for the last quarter, it was 3 percent. Everybody was shocked to see that.\u201d<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201c\u200b\u200b2.6 is a number that nobody thought they\u2019d see for a long period of time. \u2026 2.6 is an unbelievable number.\u201d<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cBut we have GDP \u2014 if you raise \u2014 if you go up one point in GDP, it takes care of many sins. If you go up two points, it takes care of everything.\u201d<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cAnd the numbers \u2014 you know, if we go up one point in GDP \u2013 one point \u2013 it’s $3 trillion and it’s 10 million jobs. Think of that. One point.\u201d<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cBut every time we go up one point, just so you understand, one point means $2.5 trillion, means 10 million jobs. So one point in GDP is an incredible statement. $2.5 trillion for each point, 10 million jobs for each point.\u201d<\/strong> <\/p>\n\n\n\n

Let\u2019s not forget that Trump admitted that he wanted the economy to crash so it would benefit him politically \u2014 with no regard for how it would hurt hardworking families. <\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cAnd when there\u2019s a crash \u2014 I hope it\u2019s going to be during this next 12 months because I don\u2019t want to be Herbert Hoover. The one president I just don\u2019t want to be, Herbert Hoover.\u201d<\/p>\n\n\n\n

Daily Beast<\/a>: \u201cDonald Trump admitted Monday that he wants a severe economic downturn to happen during the next year, because it will help his odds of winning the presidential election.\u201d<\/strong><\/p>\n\n\n\n

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<\/p>\n\n\n\n

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\n\n\n

REMINDER: Trump\u2019s disastrous MAGAnomics agenda left him with the worst jobs record of any president in modern American history.<\/strong><\/p>\n\n\n\n

Fortune<\/a>: \u201cTrump to leave office with the worst jobs record since Herbert Hoover\u201d<\/strong><\/p>\n\n\n\n

Washington Post<\/a>: \u201cPresident Trump took office at the crest of the longest economic expansion in U.S. history. He leaves presiding over the worst labor market in modern U.S. history, as an already-sputtering economic recovery has turned negative.\u201d<\/strong><\/p>\n\n\n\n

Forbes<\/a>: \u201cTrump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018\u201d<\/strong><\/p>\n\n\n\n

CBS News<\/a>: \u201cTwo years after Trump tax cuts, middle-class Americans are falling behind\u201d<\/strong><\/p>\n\n\n\n

The Guardian<\/a>: \u201cThey were billed as a \u2018middle-class miracle\u2019 but according to a new book Donald Trump\u2019s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In response to GDP growth numbers showing the strength of America\u2019s economy under President Biden, DNC Rapid Response Director Alex Floyd released the following statement:  \u201cDonald Trump called GDP growth numbers less impressive than today\u2019s \u2018unbelievable\u2019 and evidence of a \u2018tremendous\u2019 economy \u2013 we can\u2019t imagine what he\u2019d say with numbers even higher under President […]<\/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-1029381","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nEven Trump Agrees: GDP Growth Under President Biden Shows Signs of Booming Economy - 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\/even-trump-agrees-gdp-growth-under-president-biden-shows-signs-of-booming-economy\/\" \/>\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=\"2024-01-25T19:33:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-20T03:48:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2024\/05\/War-Room-Master-Image.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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/even-trump-agrees-gdp-growth-under-president-biden-shows-signs-of-booming-economy\/\",\"url\":\"https:\/\/democrats.org\/news\/even-trump-agrees-gdp-growth-under-president-biden-shows-signs-of-booming-economy\/\",\"name\":\"Even Trump Agrees: GDP Growth Under President Biden Shows Signs of Booming Economy - 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