Chuck Schumer and the Democrats pinned their 2018 hopes on Donald Trump failing.
They believed the American people would turn against the President and vote Republicans out of office.
That all went out the window when Chuck Schumer saw one number and flew into a nervous breakdown.
Thanks to Donald Trump’s policies, the American economy is booming.
Trump signed an historic tax cut bill into law and slashed job-killing regulations.
The results show Trump’s approach worked.
The Commerce Department revised second quarter GDP up to 4.2 percent.
The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest full-year gain in more than a decade. Strength in business investment offset slightly slower consumer spending.
The Commerce Department on Wednesday revised up its growth estimate for last quarter from an initial estimate of a 4.1 percent annual rate. The second quarter marked a sharp improvement from a 2.2 percent gain in the January-March period, though some of the strength last quarter came from temporary factors, including a surge in U.S exports before tariffs were to take effect.
Economists expect growth to slow to a still solid 3 percent annual rate the rest of the year, resulting in full-year growth of 3 percent for 2018. It would be the best performance since 2005, two years before the Great Recession began.
The 4.2 percent annual growth that the government estimated for last quarter is the strongest such figure since a 4.3 percent annual gain in the third quarter of 2014. The expectation of 3 percent growth for 2018 as a whole would be up from gains of 1.6 percent in 2016 and 2.2 percent last year.
The economy is always the number one issue on voters’ minds.
A roaring economy should boost Republicans in the November elections.
It could be enough to help the GOP hang on to their Congressional majorities.
We will keep you up-to-date on any new developments in this midterm elections.