”U.S. economy grew 5.7 percent in 2021 in rebound from 2020 recession”
“The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020′s brief but devastating recession. GDP had shrunk 3.4 percent in 2020, the steepest full-year drop since an 11.6 percent plunge in 1946“
“The nation’s gross domestic product — its total output of goods and services — expanded 5.7 percent in 2021. It was the strongest calendar-year growth since a 7.2 percent surge in 1984 after a previous recession. The economy ended the year by growing at an unexpectedly brisk 6.9 percent annual pace from October through December, the Commerce Department reported Thursday.”
https://www.politico.com/news/2022/01/27/u-s-economy-grew-2021-2020-recession-00002678
News you won’t see on Tucker and Sean
And because I know the “but, but, but inflation” is going arise let me borrow from the news to explain demand pull inflation so even the wingers can understand it:
“The resurgence in demand was so robust, in fact, that it caught businesses off guard. Many struggled to acquire enough supplies and workers to meet a swift increase in customer orders. Shortages became especially acute for goods ordered for homes, from appliances to sporting goods to electronic equipment. And with computer chips in especially short supply, auto dealers were left desperately short of vehicles.
“Factories, ports and freight yards were overwhelmed and supply chains became ensnarled. Inflation began to accelerate.”
Least Biden won’t be lying like Donnie when he points out he did inherited a lousy economy
