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U.S. reports HISTORIC GDP growth five days before the Presidential election

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trump acceptance rnc 2020

The United States economy recorded the largest GDP growth in history in its third quarter, with an astonishing 33.1 percent just five days before the Presidential elections.

It’s fantastic news for incumbent President Donald Trump, whose campaign staple is increasing job growth nationwide, bringing jobs back to America and promising to overcome the hardships brought on the economy by the novel Coronavirus outbreak that has forced economies to contract around the globe.

White House Chief of Staff Mark Meadows told Fox News host Maria Bartiromo Thursday that “this president is committed to job creation of all Americans.” He touted the success of the third quarter GDP.

The Commerce Department, which published the report, said the growth marks the largest output gain in recorded history. It is based on data going back to the 1940s and came in at roughly double the next-biggest jump seen in 1950, according to Business Insider.

Business Insider:

The reading represents how much the economy would’ve grown had the third-quarter rate lasted for a year. It’s a sharp reversal from the second quarter, which saw a 31.4% annualized rate of contraction.

Thursday’s figure is also the first of three estimates published by the Commerce Department, and could be revised in the coming months. 

You can follow Sara A Carter on Twitter @SaraCarterDC

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Biden spends $1.65 trillion taxpayer dollars while vacationing in St. Croix

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Joe Biden

While vacationing in the island of St. Croix for the holidays, President Joe Biden on Thursday signed into law the massive $1.65 omnibus spending package.

The whopping 4,155 pages was supported by only nine House Republicans and 13 Senate Republicans. Majority of criticism from the GOP includes concerns that the bill was rushed and crammed with wasteful spending by a lame-duck Democratic-dominated Congress. The recourse will punish American families by adding to the national debt and exacerbate inflation.

“Today, I signed the bipartisan omnibus bill, ending a year of historic progress. It’ll invest in medical research, safety, veteran health care, disaster recovery, VAWA funding — and gets crucial assistance to Ukraine,” Biden tweeted. “Looking forward to more in 2023.”

Senate minority leader Mitch McConnell “praised the bill on the grounds that it represents a real decrease in discretionary spending. He presented it as a positive that nondefense spending jumped by only 5.5 percent, from $730 billion to $772.5 billion, amid an inflation rate of 7.1 percent” writes National Review.

“The bipartisan government-funding bill that Senators Shelby and Leahy have finished negotiating does exactly the opposite of what the Biden administration first proposed,” he said. “This bill provides a substantial real-dollar increase to the defense baseline . . . and a substantial real-dollar cut to the non-defense, non-veterans baseline,” McConnell insisted as negotiations were wrapping up.

House minority leader Kevin McCarthy, however, stated his strong disapproval of the bill before it even advanced. Affirming a letter from 13 House Republicans, McCarthy demanded the bill is reckless, irresponsible, and a “purposeful refusal to secure and defend our borders.”

For example, it failed to incorporate protections for Title 42, the pandemic policy that allows illegal immigrants to be expelled on a public-health basis, which currently hangs in the balance at the Supreme Court.

National Review adds, “The funding in the bill, which averted a federal government shutdown before the new year, includes an allocation of $45 billion in defense assistance to Ukraine. Some Republican priorities, such as Electoral Count Act reform and a bigger military budget, were nested in with Democratic appropriations, such as increased funding for Medicaid and food stamps.”

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