Biden dismisses record economic growth as not ‘nearly enough’ to dig out of ‘deep’ recession

Comment by Jim Campbell

Of course he would, his party has no plan to make America a better a better place for all Americans.

The U.S. is still going through some rough times while Joe Biden is looking for a pot to piss in.

Remember if by some fate of undereducated educated voters my X-wife Dana among them, Joe would quickly be locked in a White House Celler using the 25th Amendment and the Marxist/Communist Kamala Harris would be President.

Trump campaign says president is ‘rapidly’ rebuilding ‘world’s best economy’

Fox New

By Evie Fordham

October 30th, 2020

Larry Kudlow is President TrumpsNational Economic Advisor.

Kudlow: Record-high GDP for 3rd quarter growth ‘exceeded all expectations’

Democratic presidential nominee Joe Biden dismissed the U.S. economy’s record-shattering growth as not “nearly enough” to get the country out of a “deep hole” on Thursday.

“This report underscores three inescapable truths about Donald Trump’s economy: we are in a deep hole and President Trump’s failure to act has meant that Q3 growth wasn’t nearly enough to get us out of; the recovery is slowing if not stalling, and the recovery that is happening is helping those at the top, but leaving tens of millions of working families and small businesses behind,” Biden said in a statement.

Gross domestic product, the broadest measure of goods and services produced across the economy, surged by 33.1% on an annualized basis in the three-month period from July through September, the Commerce Department said in its first reading of the data Thursday. The previous post-World War II record was a 16.7% increase in 1950.

The economy had contracted at an annual revised rate of 31.4% in the previous quarter, the sharpest decline in modern American history, and the economy remains 3.5% smaller than at the end of 2019.

The GDP data, released Thursday morning, was one of the last major economic indicators to come out ahead of Election Day on Tuesday.

Another key indicator, weekly unemployment claims, showed that the number of Americans filing for claims fell under 800,000 for the first time since March.

More than 65 million Americans ‒ roughly 40% of the nation’s labor force ‒ have sought jobless aid since the coronavirus lockdowns began in mid-March.

[Why work when you are paid almost as much not to?]

Democratic presidential candidate former Vice President Joe Biden, closes his umbrella as he boards his campaign plane at New Castle Airport in New Castle, Del., Thursday, Oct. 29, 2020, to travel to Florida for drive-in rallies. (AP Photo/Andrew Harnik)

Will someone please tell Joe it isn’t raining?

Democratic presidential candidate former Vice President Joe Biden closes his umbrella as he boards his campaign plane at New Castle Airport in New Castle, Del., Thursday, Oct. 29, 2020, to travel to Florida for drive-in rallies. (AP Photo/Andrew Harnik)

“Even with today’s report, GDP still remains $6,000 per household below its pre-crisis level, payrolls are down by nearly 11 million workers, and 23 million people are claiming unemployment ‒ including 750,000 new claims last week,” Biden continued. “Today’s report is not a victory for these families.”


The Trump campaign, however, took a victory lap on the GDP figure, touting it as “absolute validation of President Trump’s policies, which create jobs and opportunities for Americans in every corner of the country.”

“The president built the world’s best economy once and he’s rapidly doing it again,” Trump 2020 communications director Tim Murtaugh said in a statement.

“GDP number just announced,” President Trump wrote on Twitter on Thursday. “Biggest and Best in the History of our Country, and not even close. Next year will be FANTASTIC!!! However, Sleepy Joe Biden and his proposed record setting tax increase, would kill it all.

So glad this great GDP number came out before November 3rd.”

Biden also hit Trump after hope for another coronavirus relief being passed before the election faded, saying Trump has “no plan to convene Congress to get a deal done to get economic relief to those who badly need it.”

White House economic adviser Larry Kudlow told “America’s Newsroom” Thursday that House Speaker Nancy Pelosi, D-Calif., was “stringing us along” and “going to hold up key assistance like the [Paycheck Protection Program], small business assistance and unemployment assistance.”

“I don’t think this recovery depends on the assistance package, per se,” Kudlow said. “But I do think unemployment assistance,

PPP, small business assistance, helping the schools, that could have helped a lot. And it’s not going to happen. The Democrats have been completely intransigent.”

FOX Business’ Megan Henney contributed to this report.


About JCscuba

I am firmly devoted to bringing you the truth and the stories that the mainstream media ignores. This site covers politics with a fiscally conservative, deplores Sharia driven Islam, and uses lots of humor to spiceup your day. Together we can restore our constitutional republic to what the founding fathers envisioned and fight back against the progressive movement. Obama nearly destroyed our country economically, militarily coupled with his racism he set us further on the march to becoming a Socialist State. Now it's up to President Trump to restore America to prominence. Republicans who refuse to go along with most of his agenda RINOs must be forced to walk the plank, they are RINOs and little else. Please subscribe at the top right and pass this along to your friends, Thank's I'm J.C. and I run the circus
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2 Responses to Biden dismisses record economic growth as not ‘nearly enough’ to dig out of ‘deep’ recession

  1. JAFC says:

    One never knows to expect out of an opportunistic influence-peddler and money launderer. Especially one who only speaks while reading a large off-camera teleprompter (he occasionally stumbles across the words if the sentence structures get too complicated0>

    Valarie Jarret was always on the other end of Obama’s teleprompters. I wonder if she’s got her old job back?


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