Tweety's business related actions and some good luck appear to have made our economy "great."
GDP MUST grow more than 3.0 for a long time to compensate for Tweety tax cuts and avoid a huge deficit increase.
"First reading on third-quarter GDP up 3.0%, vs 2.5% rise expected"
The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter.
An increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction.
Gross domestic product increased at a 3.0 percent annual rate in the July-September period after expanding at a 3.1 percent pace in the second quarter
"Gross domestic product increased at a 3.0 percent annual rate in the July-September period after expanding at a 3.1 percent pace in the second quarter, the Commerce Department said on Friday."
"The Markets Are Up, Unemployment Is Down"
How Much Credit Should Trump Get?
By ALICIA PARLAPIANO, NELSON D. SCHWARTZ and KAREN YOURISH AUG. 4, 2017
Lots of statistics show Tweety probably has an effect on stocks, but not much else . . . Tweety continues HIGH PRAISE for himself. Amazing guy!
"Gross domestic product is a primary indicator of a country’s economic health. On July 28, the Commerce Department reported the economy had expanded at an annual rate of 2.6 percent in the second quarter, “an unbelievable number,” according to Mr. Trump.
But that came after a sluggish 1.2 percent rate in the first quarter; and as recently as the spring, many economists expected the rebound would be much stronger, with second-quarter growth topping 3.5 percent.
Nor is 2.6 percent an especially fast quarterly growth rate. In fact, the economy has grown 2.6 percent or more in 81 of the 145 quarters since Ronald Reagan became president, including 14 times during the Obama administration.
But perhaps Mr. Trump knows that. On Friday he tweeted an inflated figure, rounding up [to 3.0] the most recent G.D.P. number to its nearest whole (not something most economists do)."
I hope the deregulation initiatives do not do harm in the future, such as environmental issue with water, or the air we breathe. If all goes well, maybe suffering the childish behavior of Tweety is worth the anguish.
Please, Tweety, do what is good for business and start behaving like a respectful, mature adult.
