Economic "dagger to the heart" of Republicans today. The third quarter (July/Aug/Sept) US Gross Domestic Product was just announced. It was 2.9%.....which is greater than the "expected" 2.6%....and much better than growth over the last year or more of just over 1%. Strongest growth since 2013.
One other thing to note on "economic news"....is that we are now nearing the end of "year 8 of Obamageddon".
Some of you may remember back during Obama's candidacy that there were those who predicted "financial Armageddon". Well....that certainly didn't happen.
But we have had almost 8 years of FOX saying how HORRIBLE THINGS ARE. Remember when FOX said how WONDERFUL things were during the Bush administration?
Well....there is good news. Because while FOX has been trying to convince everyone who watches them how horrible the economy is......that causes their viewers to be VERY CAUTIOUS with their spending.....and likely save more than they would otherwise.....and pay down debt. But that won't continue to happen as long as the economy continues to heal and grow.
So now we find ourselves HERE:
1) An economy that looks like it is starting to grow stronger (2.9% GDP last quarter)
2) 5% unemployment
3) Wages starting to rise more for middle income earners
4) Everyone has apparently survived the "Obama years" and Armageddon didn't happen
5) Energy costs remain low...and renewable costs continue to DROP LIKE A STONE....which will be good for everyone's pocket book's.....in essence a continued tax break.
6) AND....as long as that old grumpy man...Trump....doesn't win (it aint over till it's over)....a
DARK CLOUD has been removed from the horizon of everyone's psyche.
So FOX News may have done Clinton a big favor over the past 8 years: Create fear in their viewers minds so they don't spend as much. Because eventually.....they will start to spend their growing bank accounts. And millennial's are starting to leave their parents houses and gain more confidence. Fundamentals EVENTUALLY win out.
"Animal spirits"
COULD be on Clinton's side in the coming year or two. We'll find out soon enough. The two big issues to deal with in MY MIND....are (1) Citizens United (she needs to get that to the Supreme court WITHIN 2 years), and (2) global warming.