Normally, I don't usually quote CNN, but this is such important news that even the "Counterfeit News Network" can't ignore it like the Biden Crime Family scandals.
They posted:
New York (CNN Business) - The US economy in the summer recovered much of the historically enormous ground it lost in the spring, expanding at the fastest rate on record in the third quarter, the Commerce Department reported Thursday.
Still, the recovery remains incomplete. The economic crisis that Covid-19 brought on is far from over, and the pandemic threatens to plunge the American economy into turmoil again as infection numbers continue to rise rapidly across the country.
The third quarter, however, was one for the record books. Gross domestic product — the broadest measure of economic activity — grew at an annualized and seasonally adjusted rate of 33.1% between July and September. This was a faster rate of expansion than economists had predicted.
It was also the fastest growth rate since the government began to track quarterly GDP data in 1947. It represented a sharp, albeit partial, recovery from the prior three months, when the economy contracted at an annualized, seasonally adjusted rate of 31.4%.
President Trump has said the recovery is "V" shaped. This proves it.
As the Clintons liked to say back in the 1990s, "It's the economy, stupid!"
To read more, go here.
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