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GDP 3.5%: It’s Still the Economy, Stupid

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As America races toward what promises to be one of the fiercest midterm election battles in memory, the GOP is urging voters to think about the party that can best put food on their table.

During his campaign, President Trump promised Americans he’d generate faster GDP growth, and he and his administration have done just that. While President Obama struggled to generate sustained GDP growth, the tax reforming and deregulating policies of President Trump have spun up the American productivity machine.

Today’s report on GDP showed American productivity growth at 3.5% in the third quarter of 2018. That’s even better than experts predicted. Americans should think hard about voting to return power to the party that gave America years of anemic growth, punctuated by stimulus packages that drained the Treasury without producing sustained growth.

 

gdp3q18_adv_0

Originally posted on Yoursurvivalguy.com.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

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