Timing is everything in humor, and in politics. So, it was particularly amusing to read a piece in MS NOW on Monday quoting Democrats who were all singing from the same hymnal – namely that President Donald Trump “owns the economy.”
‘When you take office, you take ownership,’ Rep. Rosa DeLauro, D-Conn., told MS NOW. ‘That’s what leadership is about.’
‘It became Trump’s economy a long time ago,’ Rep. Adam Smith, D-Wash., said.
Obviously, these Democrats meant it in a bad way.
But then, on Tuesday, the Bureau of Economic Analysis released its estimate for GDP growth in the third quarter: a blistering 4.3%.
That was well ahead of economists’ expectations, and comes on top of a 3.8% growth in the second quarter.
Take a look at this chart to see what’s been happening.
The economy was softening under President Joe Biden, to the point where it contracted in the first three months of 2025 (before Trump’s policies took effect).
Then, the direction changed.
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