Even Joe Scarborough admits the Trump economy is booming — ‘It’s a historic number’
Look out for flying pigs.
MSNBC’s Joe Scarborough, a frequent critic of President Donald J. Trump, on Thursday reacted to the morning’s quarterly GDP numbers with rare objective honesty.
The newly released numbers showed that the GDP grew at an annualized rate of 33.1% in the third quarter of this year, shattering the all-time growth record and beating already-rosy expectations.
In comparison, the previous post-World War II record was a 16.7% jump in the first quarter of 1950.
The new GDP data also shows a “V-shaped recovery,” which had been predicted by Trump but ridiculed by the likes of Democratic presidential nominee Joe Biden. Additionally, initial unemployment claims hit a seven-month national low on Thursday.
Scarborough is an alumnus of the University of Alabama and was named to Yellowhammer News’ inaugural “Power and Influence: Alabamians in D.C.” list earlier this year.
Reacting to Thursday’s news, he admitted, “The number (growth) looks great. It’s a historic number. … Donald Trump is going to be able to run around and say this last quarter the economy grew at a record rate. The highest rate ever. Period. End of sentence.”
— Donald J. Trump (@realDonaldTrump) October 29, 2020
The unprecedented recovery under the Trump economy also received praise Thursday from Alabama Republicans.
In a statement, Congressman Mo Brooks (AL-05) said, “The American economy grew at an astounding 33.1% rate in the 3rd quarter, the best ever! That’s huge! 33.1% is nearly twice America’s 1950 quarterly economic growth record. Per the White House Council of Economic Advisors, America has recovered two-thirds of the economic decline caused by dangerous city and state government shutdowns. It certainly has helped that the federal government has stopped paying people $600/week to NOT work!”
“President Trump said last month that the economic recovery from government-imposed economic shutdowns would be ‘V-shaped.’ He’s right! After a 31.4% GDP decrease in the 2nd quarter caused by the economic depressant effects of Mayor and Governor shutdowns, coupled with paying people more to stay home than work, the American economy took off like a rocket,” he concluded. “It’s encouraging to see such resilience in the American economy and the American people. But it’s frightening that there are so many candidates across America who want to return to even more draconian government shutdowns and want to pay even more people more money not to work. Quite clearly, America’s economic future is on the ballot this Tuesday. Prosperity or poverty. The voters will soon decide.”
Sean Ross is the editor of Yellowhammer News. You can follow him on Twitter @sean_yhn