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Thread: US economy surpasses pre-pandemic size with 6.5% Q2 growth

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    Default US economy surpasses pre-pandemic size with 6.5% Q2 growth

    WASHINGTON (AP) — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its pre-pandemic level.

    Thursday’s report from the Commerce Department estimated that the nation’s gross domestic product — its total output of goods and services — accelerated in the April-June quarter from an already robust 6.3% annual growth rate in the first quarter of the year.

    https://apnews.com/article/business-...57e3e664921e54

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    Default $1 Trillion Infrastructure Deal Scales Senate Hurdle With Bipartisan Vote

    WASHINGTON — The Senate voted on Wednesday to take up a $1 trillion bipartisan infrastructure bill that would make far-reaching investments in the nation’s public works system, as Republicans joined Democrats in clearing the way for action on a crucial piece of President Biden’s agenda.

    The 67-to-32 vote, which included 17 Republicans in favor, came just hours after centrist senators in both parties and the White House reached a long-sought compromise on the bill, which would provide about $550 billion in new federal money for roads, bridges, rail, transit, water and other physical infrastructure programs.

    https://www.nytimes.com/2021/07/28/u...ture-deal.html

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    the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the economy has now surpassed its pre-pandemic level.
    Three consecutive Democratic presidents have had to clean up the messes of three consecutive failed Republican presidents.

    That cannot be a mere fluke or statistical anomaly.

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    Quote Originally Posted by Cypress View Post
    Three consecutive Democratic presidents have had to clean up the messes of three consecutive failed Republican presidents.

    That cannot be a mere fluke or statistical anomaly.
    Indeed. The GOP ruins the economy and the Dems bring us back to prosperity.

    Maybe giving tax cuts to the upper class does not work?!

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