The economy delivered another tough punch to the "doom and gloom" crowd, as we see in this report:
The U.S. economy recorded its strongest economic growth in nearly four years in the three months to the end of June, according to revised figures.In fact, things are doing so well that Senator Charles Schumer wants to change how we keep score: "Senate Democrats want the government to say if GDP growth is helping the middle class"!
Gross domestic product increased at a 4.2% annualized rate, the commerce department said on Wednesday after revising its second-quarter calculations, establishing the quarter as the strongest in terms of growth since late 2014. Many economists had forecast a downward revision of growth to about 4%.
Schumer's problem is that the U.S. voter is smarter than he is.
In other words, no politician can tell you that the economy is doing well when it's not or doing poorly when it is growing.
People see it for themselves, from all of the new construction on the way to work to all of the positive talk at the plant.
At some point, "the doom and gloom crowd" need to do the right thing and enjoy a long weekend with the rest of us!
It must be really hard to wake up every morning angry about the 2016 election. Get over it and enjoy life!
Cheer up "doom and gloomers"! It's a long weekend and you are living in the U.S. Trust me! It does not get any better than this!
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