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.
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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Massachusetts Democrat Mayor wants to end ‘right-to-shelter’ law amidst migrant crisis
More Democrat leaders from non-border states are wising up to the immigration crisis our nation faces. Woburn mayor Scott Galvin, of the progressive state of Massachusetts, is hoping that lawmakers will overturn a 40-year-old law because the reality of being “bleeding heart liberals” is resulting in the demise of his town.
The 40-year-old “right-to-shelter” law has got to go, says mayor Galvin, because of the immense strain the thousands of migrant families are putting on the area’s residents. By Friday, there were about 150 families living in the city’s hotels, an “unsustainable” arrangement for his 40,000 constituents.
Galvin told the New York Times the right-to-shelter law, which only exists in Massachusetts, was “passed at a different time, and was not meant to cover what we’re seeing now.”
National Review reports:
Under the 1983 right-to-shelter law, Massachusetts officials are legally required to offer housing to any homeless families seeking shelter in the state. The law now covers a rising influx of migrant families, although individuals are not covered under its provisions.
“We’re going above and beyond, while some communities around us are not being impacted, and we don’t have endless capacity in our schools,” said Galvin. “The benefits that are bestowed on migrants make the state a very attractive destination, and without some changes, this challenge is not going to abate.”
Massachusetts Democrat Governor Maura Healey already declared a state of emergency on August 8th, requesting help from the federal government. On August 31, Healey activated up to 250 Massachusetts National Guard members to assist the more than 6,000 migrant families already in the state’s shelter system.
Approximately 6,300 families are living in emergency shelters and hotels across the state, up roughly 50 percent from the year prior. The cost for such accommodations for all the migrants is approximately $45 million per month, National Review reports.
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