Good News Received Gladly [PHIL-OSOPHY]
I'm raising a glass in toasting the landmark, promising news that our nation's Gross Domestic Product, the final value of goods and services produced here during the last quarter, rocketed in the third quarter.
It's verification that America is beginning to return towards what used to be common before this pandemic hit.
This salute also includes my pat on the back to President Donald Trump and his administration for the fastest GDP growth in history. Because of COVID-19, the economy was recovering from a 31.4 percent drop in the previous quarter, the worst decline ever recorded amid orders to stay at home. Our financial state has a ways to go to just getting back to what it lost in the second quarter, but this is really encouraging, and I doff my cap to President Trump.
The timing of it couldn't have been better for his re-election efforts, either. This is the kind of favorable optimism, days before the election, that can be a game-changer because, like politics, job creation is local. Presidents always get the blame when the economy goes south, but this blast really does give Trump a reason to crow; however, the real meat-and-potatoes of all of this comes down to the voter on Election Day.
Phil Paleologos is the host of The Phil Paleologos Show on 1420 WBSM New Bedford. He can be heard weekdays from 6 a.m. to 10 a.m. Contact him at email@example.com and follow him on Twitter @PhilPaleologos. The opinions expressed in this commentary are solely those of the author.