{"id":601,"date":"2024-11-11T11:12:44","date_gmt":"2024-11-11T11:12:44","guid":{"rendered":"https:\/\/bluelightnews.com\/economic-growth-remained-strong-over-the-summer-boosting-harris-2\/"},"modified":"2024-11-11T11:12:44","modified_gmt":"2024-11-11T11:12:44","slug":"economic-growth-remained-strong-over-the-summer-boosting-harris-2","status":"publish","type":"post","link":"https:\/\/bluelightnews.com\/category\/politics\/economic-growth-remained-strong-over-the-summer-boosting-harris-2\/","title":{"rendered":"Economic growth remained strong over the summer, boosting Harris"},"content":{"rendered":"
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At Donald Trump\u2019s pseudo press conference at Mar-a-Lago<\/a>, at which he answered no questions, the former president took some time to argue that the economy shouldn\u2019t be seen as the nation\u2019s top issue in the 2024 presidential election.<\/p>\n

\u201cSo I know we talk about inflation and the economy, but as to me, there\u2019s nothing, nothing, more important than the fabric of our country being destroyed,\u201d the Republican said<\/a>, referring to his perceptions of illegal immigration. \u201cI think what\u2019s happening on the border is the single biggest issue, and I\u2019m seeing it more and more when I speak.\u201d<\/p>\n

And why, pray tell, would the GOP nominee downplay the importance of the economy? Because there\u2019s been a lot of news lately about the United States\u2019 economy, and it\u2019s all been pretty great. The New York Times reported<\/a>:<\/p>\n

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Consumers are spending. Inflation is cooling. And the U.S. economy looks as strong as ever. Gross domestic product, adjusted for inflation, expanded at a 2.8 percent annual rate in the third quarter, the Commerce Department said on Wednesday. That came close to the 3 percent growth rate in the second quarter and was the latest indication that the surprisingly resilient recovery from the pandemic recession remained on solid footing.<\/p>\n

<\/span><\/small><\/p><\/blockquote>\n<\/section>\n

The article quoted Joe Brusuelas, chief economist at the accounting and consulting firm RSM, who said the American economy right now \u201cis firing on nearly all cylinders.\u201d<\/p>\n

That\u2019s not an uncommon assessment. The combination of healthy growth, low unemployment, shrinking inflation, record highs on Wall Street, and low gas prices has led quite a few observers to marvel at the health and resilience of the American economy.<\/p>\n

In fact, it was earlier this month when The New York Times reported<\/a> that the U.S. job market<\/a> \u201cis as healthy as it has ever been\u201d \u2014 as in, in the history of the United States \u2014 and described recent economic growth as \u201crobust.\u201d<\/p>\n

A few days later, The Washington Post\u2019s Heather Long explained in a column<\/a> that by \u201cjust about every measure, the U.S. economy is in good shape. Growth is strong<\/a>. Unemployment is low<\/a>. Inflation is back down<\/a>. More important, many Americans are getting sizable pay raises<\/a>, and middle-class wealth has surged<\/a> to record levels. We are living through one of the best economic years of many people\u2019s lifetimes.\u201d<\/p>\n

The same day, Politico described<\/a> the status quo as \u201ca dream economy.\u201d<\/p>\n

The International Monetary Fund, meanwhile, marveled last week at the degree to which the U.S. economy is \u201cpulling ahead of the world\u2019s advanced economies<\/a>.\u201d The Economist, a leading British publication, also recently described<\/a> the U.S. economy as \u201cthe envy of the world,\u201d adding that the American economy \u201chas left other rich countries in the dust.\u201d<\/p>\n

Around this time four years ago, Trump told supporters<\/a> that Democratic policies would \u201cunleash an economic disaster of epic proportions\u201d and force the country \u201cinto depression.\u201d<\/p>\n

Oops. No wonder he’d rather talk about immigration.<\/p>\n

Of course, the larger question isn\u2019t just about the status quo, it\u2019s also about the future. The U.S. economy is strong now, but what about what\u2019s to come?<\/p>\n

As it turns out, 23 Nobel Prize-winning economists endorsed Vice President Kamala Harris<\/a> over Trump in a joint letter released last week, explaining that the Republican\u2019s agenda would \u201clead to higher prices, larger deficits, and greater inequality.\u201d<\/p>\n

\u201cSimply put, Harris\u2019s policies will result in a stronger economic performance, with economic growth that is more robust, more sustainable, and more equitable,\u201d the letter added.<\/p>\n

The Nobel laureates aren\u2019t alone. The Wall Street Journal also recently asked<\/a> economists a related question and found that most economists think \u201cinflation, interest rates and deficits would be higher\u201d under Trump\u2019s agenda than Harris\u2019 agenda.<\/p>\n

\u201cLook, you may not like Donald Trump personally, but you\u2019ll like his policies a lot better than Kamala Harris\u2019,\u201d Georgia Gov. Brian Kemp recently said<\/a>. The Republican added that voters are simply \u201cmaking a business decision.\u201d<\/p>\n

Given everything we now know<\/a>, those focused on the economy and business decisions should be rallying behind Harris as quickly as possible, hoping desperately that Trump loses. Indeed, The Washington Post\u2019s Catherine Rampell explained in her latest column<\/a> that the Republican is \u201cthe wrong choice\u201d for Americans principally concerned about their pocketbook.<\/p>\n

This post updates our <\/em>related earlier coverage<\/em><\/a>.<\/p>\n<\/div>\n

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Steve Benen<\/a><\/span><\/span><\/a><\/span><\/p>\n

Steve Benen is a producer for “The Rachel Maddow Show,” the editor of\u00a0MaddowBlog\u00a0and an BLN political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”<\/p>\n<\/div>\n

Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

At Donald Trump\u2019s pseudo press conference at Mar-a-Lago, at which he answered no questions, the former president took some time to argue that the economy shouldn\u2019t be seen as the nation\u2019s top issue in the 2024 presidential election. \u201cSo I know we talk about inflation and the economy, but as to me, there\u2019s nothing, nothing, […]<\/p>\n","protected":false},"author":1,"featured_media":602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics","category-trump"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/comments?post=601"}],"version-history":[{"count":0,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/media\/602"}],"wp:attachment":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/media?parent=601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/categories?post=601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/tags?post=601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}