Third Quarter GDP Growth Revised Upward – 3.3% Highest Growth in Three Years…

I’m getting really sick and tired of economic analysts talking down the U.S. economy even when they are surrounded with resoundingly good news.  These economic control agents are furious that President Trump is deconstructing their decades-long lies; and showing just how manipulated the U.S. economy has been – by elites, to the detriment of the middle-class…. I digress:

Despite the devastating hurricanes in August and September the Third-Quarter GDP grew at a revised upward rate of 3.3%. Third quarter growth was initially reported at 3%.

BLOOMBERG – The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses and government agencies than previously estimated, Commerce Department data showed Wednesday.

The 3rd quarter (July, Aug, Sept) growth was led by business-equipment spending which rose at a 10.4% pace, a three-year high, revised from the initial report of 8.6%. CTH has continually highlighted that capital investment and capital equipment purchasing is a key to see how confident businesses are in the future.

BLOOMBERG – […] While the revised growth rate is in line with President Donald Trump’s goal, economists generally see such a pace as unsustainable and expect growth to slow sometime in 2018. Trump and congressional Republicans are pushing a tax-cut plan with the aim of lifting GDP gains to 3 percent annually, though analysts expect any economic boost to be modest, on balance, if the proposal becomes law.

[…] Consumer spending, which accounts for about 70 percent of the economy, continues to be the main driver of growth, though revisions showed it was slightly weaker than previously estimated on purchases of both durable and nondurable goods.

The biggest improvement came in business investment, which made a 1.2 percentage-point contribution to growth, up from 0.98 point in the initial estimate a month ago. (read more)

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This entry was posted in Big Government, Big Stupid Government, Donald Trump, Economy, media bias, President Trump, Trade Deal, Uncategorized, US Treasury, USA. Bookmark the permalink.

81 Responses to Third Quarter GDP Growth Revised Upward – 3.3% Highest Growth in Three Years…

  1. AWESOME!
    Now watch it grow even FASTER once we get all the illegals out.

    Liked by 23 people

  2. bulwarker says:

    What do you call a liberal economist? A Nobel Laureate
    What do you call a conservative economist? Always Correct

    Liked by 23 people

    • fleporeblog says:

      Bulwarker you are absolutely right!

      Loved this piece from the article:

      While the revised growth rate is in line with President Donald Trump’s goal, economists generally see such a pace as unsustainable and expect growth to slow sometime in 2018. Trump and congressional Republicans are pushing a tax-cut plan with the aim of lifting GDP gains to 3 percent annually, though analysts expect any economic boost to be modest, on balance, if the proposal becomes law.

      Consider this the snow ❄️ in the video below as the Economic Train 🚂 plows along!

      Folks 3% GDP for 2017 is more of a reality today than ever! What makes it truly amazing is that the final annual GDP for 2016 was a MISERABLE 1.6%.

      Here’s why:

      1st Quarter (Jan 1 – March 31) – Our final GDP was a miserable 1.2% since Barry was still in office for 20 days and our President began to implement his Energy Dominance and kill regulations.

      2nd Quarter (April 1 – May 31) – Our final GDP was 3.1%.

      3rd Quarter (June 1 – September 30) – Our revised GDP is 3.3% (We will see the final % on December 27th / I believe it will end at 3.4%).

      That would mean the following:

      1.2 + 3.1 + 3.4 + 4.3 = 3% GDP FOR 2017!

      Next year we will be heading into the 4% range! Bloomberg can stick it where the sun ☀️ doesn’t shine!

      Liked by 9 people

  3. Sanj says:

    All he did was wave a magic wand and voila 3%….

    I really do hate the naysayers who have skin in the 1.6% growth lie

    Liked by 15 people

  4. Carrie2 says:

    You can hear the gnashing of democrats/leftists teeth on reading this because they have been snookered hard! We the People have Pres. Trump and too bad you don’t or at least won’t admit he is our President and things are changing everyday for us!

    Liked by 9 people

  5. Summer says:

    They forgot to add, UNEXPECTEDLY.

    Liked by 13 people

  6. Running Fast says:

    I am currently attending the RVIA show in Louisville. 1.3 Million square feet of RVs. The RV industry is primarily a US based industry selling to US based customers (mostly middle class middle America).

    The RV industry is absolutely booming. They can not produce units fast enough for the demand in the market. IMHO this is an excellent barometer of the state of the economy in the US… it is going gang-busters.

    Liked by 16 people

    • Running Fast says:

      http://www.rvia.org/?ESID=preleases&PRID=1819&SR=1

      August sales 2017 compared to 2016 “a gain of 15.1%”
      “It also marked the best August for shipment total on comparable record.”

      Same for September and October.

      Liked by 9 people

    • Sylvia Avery says:

      Thanks for reporting on this for us! Great news!

      Liked by 5 people

    • rf121 says:

      Great. More RV’s to get stuck behind next summer.

      Liked by 4 people

      • Running Fast says:

        🙂 and it is not just the summer anymore. If you are in any “snow bird” state expect lots of visitors this year!

        Liked by 2 people

        • piper567 says:

          Thanks for the news, Running…more grocery buyers, more gasoline sales, more generator sales, more campsite income…and more mixing up of folks from all over the US enjoying themselves and bragging on new jobs.
          More Americans being free to do what they wish. Horrors.
          sweet

          Liked by 5 people

    • Patti Moriarty says:

      Just bought a 32ft. Keystone outback

      Liked by 3 people

    • osugagal says:

      Hi Running Fast. Could you explain to me the economics of RV dealers having millions of dollars of inventory sitting on their lots? It appears to me that in most cities there are multiple RV dealers (usually next to each other along the expressway) with huge lots of RVs. Even with low interest rates, the carrying costs including opportunity costs, damage, etc must be quite high. Every time I pass one of these lots the amount of inventory never makes sense to me. I have always wondered if they could not use more of a showroom and custom order strategy. Thanks

      Liked by 1 person

      • Running Fast says:

        Simple… sales. They move a ton of inventory. So much that you literally don’t see it flowing. A large dealer will move anywhere from 25-50 units per week. They will stock a few hundred models with all sorts of floorplans, colors, weights etc. Each RV averages 300 sqft in size; pack 100 of them in an area and you are covering some serious real estate.

        As for the inventory itself the dealer finances that inventory via commercial loans. This makes the industry very susceprible to financial shocks that freeze lending.

        Liked by 3 people

  7. jrapdx says:

    That’s great news. Now all we have to do is convince the numerous “liberals” out there that the President’s policies are working, a fact they refuse to acknowledge. Idiotically they’d rather cut off their noses to spite their faces than accept reality as it is. I guess born losers will always lose, certainly hard to convince them otherwise, not that it’s our job to persuade them to stop losing…

    Liked by 3 people

    • mimbler says:

      I used to wonder why liberals didn’t care about making the economy better. Then I thought where liberals come from:
      1) Parent’s basement
      2) Universities
      3) Government, to include school teachers
      4) Arts
      5) MSM
      6) Welfare, etc.

      So for most of them, the economy doesn’t really directly affect them. Makes more sense now.

      Liked by 6 people

    • Elizabeth Carter says:

      I have a friend who helps me out sometimes. He came over today. He has a good friend that lives across the street from me. He said the liberal friend just hated Trump but now that his stock portfolio is going up so much, he is beginning to love President Trump. LOL

      Liked by 7 people

    • Tegan says:

      Well, as i’ve posted before, my liberal acquaintance (sorry, not a friend any longer) says “it’s all fluff…Trump is a nitwit.” Sigh

      Liked by 1 person

    • piper567 says:

      jrapdx, what we want is voters…screw the “liberals”…normies will soon enough be seeing the help wanted signs,see folks finding work, join in, and eventually realize Trump’s role.
      LOTS of people read his tweets and talk to one another…especially at work…
      we want as many riders on The Trump Train as we can get…
      I’ll be happy when these liberals are an endangered species, and if they choose to be blind, then that makes more room for those who see.

      Liked by 2 people

  8. jmclever says:

    Yesss!

    Liked by 2 people

  9. Kerry Gimbel says:

    The Dems don’t care about what’s working under Trump. They care about power and they don’t have it.

    Liked by 9 people

  10. trialbytruth says:

    Paging Flep

    Liked by 5 people

  11. trialbytruth says:

    Paging Flep

    Liked by 4 people

  12. Sylvia Avery says:

    “These economic control agents are furious that President Trump is deconstructing their decades-long lies; and showing just how manipulated the U.S. economy has been – by elites, to the detriment of the middle-class…. ” writes Sundance.

    Well, #MeToo! The last ten years have been hard ones for me, personally, and I had come to believe it was never really going to get much better. BO and his fellow travelers stole my hope from me.

    But thanks to PDJT, I see things differently. Sundance has done such a great job explaining the whole Main Street vs. Wall Street thing and I can see how this is working and how different things impact each other and create greater opportunities.

    I think the economic future of our country looks awfully bright and the thing that just stops me in my tracks is how the change of direction is the result of one man, President Trump. He has done this.

    It is his vision, he has brought together the people who could make it happen and he has done his best to unleash those people and to create an atmosphere where the economy could flourish. And he has done it not only without the help of the other branches of government but with them trying to get in his way or stop him at every turn.

    It is breathtaking. It is remarkable. Thank you God for Donald J. Trump.

    Liked by 18 people

    • StanH says:

      The big question for me is why the swamp would intentionally hamper the growth and prosperity of America? The question is rhetorical I think I know the answer, “New World Order.” It really angers me that we all had to endure such hardship because it’s not fair to the rest of the world that we are so prosperous.

      Liked by 4 people

    • Grandma Covfefe says:

      We understand you, Sylvia, We got hit hard during BO’s reign of terror, too–very scary, worrying, and discouraging times. I warned hubbie we may never recover much now, but at least our children and grandchildren will have a much better and promising future. For us that’s good enough for now.

      After seeing what the Dems and Uni Party true intentions were, I’m just so thankful this wonderful guy, named Donald J. Trump, came thru for us older Boomers, as well, to give us a sense of a peaceful mind in this time of our life.

      Whew! We really dodge that ugly, destructive, poisonous bullet on November 8, 2016..

      Liked by 4 people

    • piper567 says:

      Sylvia, it is indeed breathtaking…used that word in a conversation w/a friend this AM…

      Liked by 1 person

  13. Southpaw says:

    And we thought it would be hard to teach the GOP how to win.

    Liked by 1 person

    • Michael says:

      GOP is losing. POTUS and America are winning in spite of the GOP.

      Liked by 8 people

    • The hard part is forcing them not to screw constituents.

      Liked by 3 people

    • jrapdx says:

      I think they know what to do to win for America, but they’d rather take the money from lobbyists, etc., and win for themselves and only themselves. Devoid of ethics or morality they sell out daily, in effect giving their constituents the middle finger and of course lying about it the whole time.

      Perhaps in some districts and states the voters will catch on. Optimally at least a few of the corrupt Uniparty sewer-dwelling vermin will be primaried in the upcoming elections. In that event we’ll likely begin to see a shift. When opportunities for corruption shrink, serving in Congress will be useless to elected crooks who were only interested in self-enrichment—they’ll bow out and not run for reelection.

      Liked by 5 people

      • Michael says:

        Call me paranoid but I really believe some or maybe most go to DC with good intentions and then they get an up close and personal explanation of how the sewer works and how blackmail works. Think Filegate, obama’s ginormous database.

        Anyone can be blackmailed. You might be willing to die for your cause but will you risk your offspring?

        Any who cannot be blackmailed at any price can still learn about Arkancide.

        Like

  14. paulraven1 says:

    You don’t digress at all. You are making a salient point. The chief media broadcasters of our time despise Trump and would prefer to see the economy sink than to report good news. This state of affairs matters to our present and future.

    Liked by 6 people

    • yucki says:

      Corporate media. They’re the collective globalist mouthpiece, enemedia.
      Let’s hope some deep-pocket patriot can challenge their stranglehold by 2019.

      Like

  15. WSB says:

    Obama’s magic wand? I see what you did there, Sundance.

    So, it really works after all…

    [snort]

    Liked by 8 people

  16. MIKE says:

    Easy, my friend. Just remember, those who won’t get on board the TRUMPTRAIN or wait too long will end up like ol’ blue eyes, a.k.a. Captain Ryan!
    watch here

    Liked by 1 person

  17. freq says:

    3% and change (0.3)… about what I hoped…I’ll take it…

    Liked by 1 person

  18. Donna in Oregon says:

    I like to read digressions by Sundance. It always hits home, I feel it every time. Thank you 🙂

    Liked by 3 people

  19. StanH says:

    This is too easy for Mr. Trump, just think if he had some support. It reveals the agony of the past years were a self-inflicted wound, given to us by the cultural Marxist that dwell in the swamp. The more Mr. Trump pokes and prods, the more these criminals are exposed for what they really are, bunko artist, con men, organized crime, you name it. The GDP is wonderful news, but at the same time it angers me. It may sound absurd, but a giant gallows need to be built on the Mall in DC, and many of these treasonous bast_rds need too…well you get the point. I might settle for some good old fashioned tar-n-feathering. Thank God for President Trump, he’s stopping/curtailing the madness, much more to be done.

    MAGA!

    Liked by 5 people

  20. JETS says:

    I used to think good Republicans got elected to do good things for their constituents. then they went to D.C. and got shot by a ‘Men in Black zappy thing’ that took away their good intentions and replaced them with greed and D.C. political ambitions. But now I realize they were only RINOs who fully intended to get elected for the sole purpose of lining their own pockets. I praise President Trump for exposing so many of them. We all have a long way to go to fix D.C.

    Liked by 3 people

  21. ALEX says:

    Yes it’s very tiring the spin and smears. That article by Bloomberg is fundamentally wrong on so many levels and could only have been written by a hardcore NeverTrump type..Good thing we can ignore them and enjoy all this…

    Warren Buffett once said that, “You never know who’s naked until the tide moves out.”

    The tide moved out with MAGA and Never Trumpers were exposed as crypto-lefties or prissy righties who preferred salon speculation over the often foul and smelly work of actually governing.

    Liked by 5 people

  22. bkrg2 says:

    Wow! Love the magic want picture too.
    MSM will be quoted saying “thanks Obama for setting up the economic engine so Trump can take all the credit!”
    Total idiots at Bloomberg “don’t expect this pace to continue in 2018”. Hilarious! As I expect it to be even greater than 3%!!!

    Liked by 3 people

  23. trialbytruth says:

    I had a class today of 20, 15-16 year old students. This class is a medium sized farm community county seat 300 kids in the High School. Like most farm communities the population is dwindling.

    I asked the same question I ask every class I teach there (about 8 a year for 12 years) “How many of you have jobs 13 shot their hands up. Usually it is around 4

    I said “WOW good for you that’s great” Turned my head skyward and said “Thanks Donald” lots of happy giggles followed. MAGA BABY

    Liked by 7 people

  24. cyn3wulf says:

    garden variety leftist on Twitter: This is still Obama’s economy, it’s been trending this way for years, etc.

    Like

  25. massivedeplorable says:

    BREAKING News on CNN: Trump cures cancer- thousands of Oncologists now in the unemployment line. Lives ruined.

    Liked by 2 people

  26. KPomeroy says:

    Growth? How come all I see is more and more stores closing?

    Like

    • Ro 1:16 I am not ashamed of the Good News. It is the power God uses to save everyone who believes—to save the Jews first, and then to save the non-Jews. The Good News shows how God makes people right with himself. God’s way of making people right with him begins and ends with faith. As the Scripture says, “The person who is made right with God by faith will live forever.”

      Like

  27. Pingback: Third Quarter GDP Growth Revised Upward to 3.3% – IOTW Report

  28. George says:

    Republican Congress now claim they are going to pass legislation that could possibly raise GDP to 3.0% (they scared) by the end of year. I saw on Paul Ryans tweeter feed that his Tax Reform and Jobs Act will raise GDP, raise consumer confidence, raise wages, drastically reduce unemployment, bolster stock market, create new businesses, create American jobs and finally bring much needed relief to our middle class families. Magically old Mitch Mcconnell has introduced a bill that’s just as amazing plus turtle wanted health care reform for the American people. Ryan says remove healthcare mandates, me too , I wish I knew Mitch was going to be fighting this battle once again Republicans in Congress have vowed to work a stunning three days a week to bring relief to the Forgotten Man. And the good part Congress says once they defeat these obstructionist Democrats, they will march this historic legislation to the White House and only thing Trump has to do is SIGNED IT. You can’t make this crap up! I guess they don’t realize President Trump has set Presidential records on economic recovery because he did it by his damn self and knows the Senate has no intention to pass Tax Reform. Mcconnell could put 52 names in a hat, draw any 3 to take a hit for the Swamp. Mccain will volunteer. Jeff IFlake will be in Alabama campaigning against Moore. Rand Paul first yes vote, first no vote after a change in bill, Ted Cruz, Collins, etc. etc. Sundance says all about leverage, I think that’s right. Congress, Dems or Rep. would be insane to separate and not to embrace President Trump. Just opinion from a guy new to politics this year, uneducated with a lack of any writing skills but blessed to follow Trump and Sundance from day one. AWAKENING!

    Liked by 1 person

  29. dufrst says:

    IF the GOP cannot deliver on tax cuts, then it’s time to start a new politics party, the American Party! Trump is the only person that could pull it off. Tax cuts are what the GOP at a minimum are all about and if they can’t do that, then it’s time to close up shop! MAGA!!

    Like

  30. bitterlyclinging says:

    Buraq Hussein Obama promised America, during his 2008 presidential campaign, he would take the boom and the bust out of the American business cycle. Which Obama did. He made it permanently dead, mourir, morte

    Like

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