Great Trump recovery: Third quarter GDP sets record

"We're coming back, and we're coming back strong," President Donald Trump said on Thursday as the Bureau of Economic Analysis reported that U.S. Gross Domestic Product (GDP) grew by 7.4 percent in the third quarter, the largest single quarter of economic growth on record.

Trump tweeted on Thursday: "GDP number just announced. Biggest and Best in the History of our Country, and not even close. Next year will be FANTASTIC!!! However, Sleepy Joe Biden and his proposed record setting tax increase would kill it all. So glad this great GDP number came out before November 3rd."

While Trump continues to stress optimism on the campaign trail, saying "next year will be even better," Democrat presidential candidate Joe Biden has predicted a "Dark Winter" for the country. If elected, Biden would immediately raise all Americans' taxes and stifle small business growth with a myriad of regulations.

Meanwhile, those who continue to suffer due to coronavirus lockdown orders will likely not see additional relief before the Nov. 3 election as critics say House Speaker Nancy Pelosi is holding up a new stimulus package to avoid giving Trump a victory prior to the election.

White House economic adviser Larry Kudlow told Fox News on Thursday that Pelosi was "stringing us along" and "going to hold up key assistance like the [Paycheck Protection Program], small business assistance and unemployment assistance."