Thank you Joe Biden and the 2021 Stimulus Bill that even Republicans try to claim credit for.Gross domestic product increased at a 6.9% annualized rate last quarter
WASHINGTON, Jan 27 (Reuters) - U.S. economic growth accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods, helping the nation to post its best performance in nearly four decades in 2021.
Gross domestic product increased at a 6.9% annualized rate last quarter, the Commerce Department said in its advance GDP estimate on Thursday. That followed a 2.3% growth pace in the third quarter. Economists polled by Reuters had forecast GDP growth rising at a 5.5% rate. Estimates ranged from as low as a 3.4% rate to as high as a 7.0% pace.
The economy grew 5.7% in 2021, the strongest since 1984. It contracted 3.4% in 2020, the biggest drop in 74 years.
https://www.reuters.com/world/us/us-...84-2022-01-27/
Thank you Joe Biden and the 2021 Stimulus Bill that even Republicans try to claim credit for.Gross domestic product increased at a 6.9% annualized rate last quarter
Thanks for looking in the rear view mirror. What's the future look like?
Anybody can pick up yesterday's newspaper. (I was hoping you had found Anatta's Crystal Ball)
Trump left the economy in a shambles.
Biden is doing a good job bringing it back. Just like Obama did when Bush left office, and Clinton before him.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
Don't get too thrilled - just yet.
The big numbers look fab.
But over 70% of that 6.9% Q4 growth was strictly due to a WHOPPING, 4.9% private inventory increase.
https://www.bea.gov/sites/default/fi...dp4q21_adv.pdf
(page 10 - Line 40)
If inflation cools down and the Fed does not raise rates (even though they say they will)?
Those inventories could be gobbled up and all is well (for now).
But if inflation does not slowdown and the Fed goes ahead with it's promised rate hikes?
That HUGE, inventory increase could become a large weight around the economies neck.
We shall see.
Biden administration results in more of the same Trump immigration policies
https://www.cnn.com/2021/12/30/polit...ion/index.html
When It Comes to Policy, Biden and Trump Aren't That Different
Biden shares other traits with Trump, such as his fiscal irresponsibility, a willingness to bomb foreign countries, and a soft spot for defense spending. So yeah, Trump is gone, but for those still paying attention and still watching the news, we realize that many of his policies are still firmly in place.
https://reason.com/2021/03/18/when-i...hat-different/
Why Biden’s economic policies are more like Trump’s than Obama’s
Trickle-down economics
The Clinton, Bush, and Obama economic doctrines were all fundamentally neoliberal, reflecting an implicit belief in trickle-down economics. But things started to move in a more neo-populist, nationalist direction with Trump, and these changes have crystallized under Biden.
https://www.msn.com/en-us/money/mark...a-s/ar-AAMTuIi
BLUEXITA Modest Proposal For Separating Blue States From Red
Dear Red-State Trump Voter,
Let’s face it, guys: We’re done.
It is a tragedy that so much of the work that so many men and women toiled at for so long to make this a better country, and a better world, has been thrown away, leaving us all in such needless peril.
This is why our separation in all but name is necessary.
https://newrepublic.com/article/1409...mp-red-america
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