Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Trump economic collapse is ending under the Biden/Harris administration's policies and plans &
Steady as she goes.
washingtonpost.com/business/2021/04/29/first-quarter-gdp-growth/
The Trump economic collapse is ending under the Biden/Harris administration's policies and plans & prosperity is increasing.
The U.S. economy grew at a **6.4%** annual rate in the first quarter, which is an incredible clip.
Link to tweet
?s=20
Economic-growth numbers show signs of boom to come
https://www.washingtonpost.com/business/2021/04/29/first-quarter-gdp-growth/
Jedidiah Fowler, a wood-shop production assistant at Chesapeake Light Craft in Annapolis, sands down a piece of wood for a boat on Wednesday. (Amanda Andrade-Rhoades for The Washington Post)
By Andrew Van Dam and Rachel Siegel
April 29, 2021 at 7:33 a.m. CDT
The U.S. economic recovery picked up speed in early 2021, with economic growth hitting 1.6 percent in the first three months of the year after an ambitious vaccination campaign and massive stimulus spending from the federal government.
As Americans have increasingly emerge from isolation and start spending again, construction surges and businesses invest in expectation of future growth, it appears likely all covid-19 era economic losses will be recovered by the middle of this year, according to data released today by the Bureau of Economic Analysis.
The January to March period saw some of fastest economic growth in more than four decades, behind only the initial 7.5 surge last year, when businesses first reopened from pandemic-related shutdowns.
The quarters growth would be 6.4 percent at an annual rate, but annual rates can be misleading amid an unprecedented crisis, because they imply a quarters trend will continue for an entire year. The Post is focusing on quarterly rates until the economy recovers.........................
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 1214 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (17)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
The Trump economic collapse is ending under the Biden/Harris administration's policies and plans & (Original Post)
riversedge
Apr 2021
OP
empedocles
(15,751 posts)1. The trump REAL economic collapse, that hurt so many, many 10's of millions
is ending
DENVERPOPS
(8,817 posts)2. Just wait until
the Dems figure out the drain on the economy and Tax Payers from the Trump spawn grifting, out of control, for four years.
SWBTATTReg
(22,114 posts)3. I hope that this positive news affects all in a positive way, better pay, better jobs, etc. and that
this news burns long and deep in trump's fat a&&.