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 Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Johnny2X2X

(24,205 posts)
Thu Oct 26, 2023, 08:44 AM Oct 2023

US GDP grows 4.9% in 3rd quarter

https://www.bea.gov/data/gdp/gross-domestic-product

Shocking beat of expectations and a great sign that the economy is resiliant and job growth and wage growth are going to remain strong. This is Bidenomics at work, when you build an economy from the ground up and middle out, everyone wins.
8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
US GDP grows 4.9% in 3rd quarter (Original Post) Johnny2X2X Oct 2023 OP
Kick and rec. Kingofalldems Oct 2023 #1
How much you wanna bet.... Happy Hoosier Oct 2023 #2
And the stock market dumps again chicoescuela Oct 2023 #4
Terrible News Everybody!!!! Happy Hoosier Oct 2023 #5
Economic pundits have been predicting and promising a recession ever since Biden was elected Walleye Oct 2023 #3
This message was self-deleted by its author elocs Oct 2023 #6
Exactly, perfect analogy. Walleye Oct 2023 #7
Predictable, this spell trouble! Johnny2X2X Oct 2023 #8

Walleye

(44,797 posts)
3. Economic pundits have been predicting and promising a recession ever since Biden was elected
Thu Oct 26, 2023, 08:55 AM
Oct 2023

And as our president says, “didn’t happen “

Response to Walleye (Reply #3)

Johnny2X2X

(24,205 posts)
8. Predictable, this spell trouble!
Fri Oct 27, 2023, 08:47 AM
Oct 2023
https://finance.yahoo.com/news/recessions-arent-just-the-other-side-of-growth-morning-brief-091831177.html

The can't help themselves, just cheering for a recession and then when the economy grows more than expected making up their own story of how this is bad.

Biden has averaged 3.1% growth. Trump averaged 2.5% growth BEFORE COVID!!!. With Covid Trump averaged 1.2% growth.

Biden has a better economy than Trump, period! Better growth, better jobs numbers, and better wage growth. Covid and greed induced inglation is the only negative and that's still been mostly tamed now.
Latest Discussions»General Discussion»US GDP grows 4.9% in 3rd ...