Scott Bessent Kisses the Rump, Says Private Economy 'Booming' Under Trump

[Yo_Mama_Been_Loggin]

Treasury Secretary Scott Bessent said the U.S. private economy is accelerating sharply under President Donald Trump, pointing to a strong expansion in real economic output that excludes government activity.

Private Economy ‘Booming Under Trump
On Tuesday, in a post on X, Bessent said, “the private economy is booming under” Trump, while noting that GDP growth excluding government activity “is up 4.7% at an annualized rate over the last two quarters.”

Bessent described this as being the “the exact opposite of what happened under Biden,” where growth dynamics were primarily led by expansion in government spending, which ultimately “contributed to historic inflation and depressed living standards.”

Trade Flows Distorting GDP Figures

Earlier this week, Trump took a political victory lap after the country’s third-quarter GDP figures came in much better than expected at 4.3%.

https://finance.yahoo.com/news/scott-bessent-says-private-economy-213106072.html

I wish these idiots could step out of their bubble.

[sakabatou]

1. Bessent would lie to God just to appease the Orange Anus

[Norrrm]

2. Ask these folks about Trump's great economy.

https://www.democraticunderground.com/100220889558

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