WINNING!! Third Quarter GDP at 3.5% – President Trump Continues to Reduce US Debt to GDP – Something Obama Increased by 40%!!
by Jim Hoft
October 26, 2018
Guest post by Joe Hoft
More Winning! With the US GDP Numbers released today, the debt to GDP ratio continues to decrease under President Trump.
The US GDP for the third quarter was reported at a whopping 3.5% under the leadership of President Donald Trump. This was another BIG Trump win which doubles the first quarter growth of 2.2%.
President Obama never reached an annual GDP Growth rate of more than 3.0%. No President over the past century had not ever been held to GDP growth rates of less than 3.0% until Obama.
When comparing the amount of US Debt from the government’s daily report of debt to the amount of GDP from the current GDP release, the amount of debt to GDP is decreasing under President Trump (a good thing).
The ratio of debt to GDP is decreasing drastically – from 105.3% when Obama was President to 104.1% since the election!
It’s clear the amount of debt is decreasing compared to GDP. Obama increased this ratio by 40% while President Trump is decreasing this ratio. What’s not clear is whether the Fed will stop increasing rates long enough to allow President Trump’s economy to continue to reduce the debt to GDP ratio and eventually the massive US debt.
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via The Gateway Pundit
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