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LetMyPeopleVote

(180,248 posts)
Sat Jan 27, 2024, 07:33 PM Jan 2024

Biden-era economic growth leaves Republicans literally speechless [View all]

Bidenomics work. The performance of the US economy under President Biden has taken away one of TFG's planned lines of attack and has silenced the GOP in Congress



https://www.msnbc.com/rachel-maddow-show/maddowblog/biden-era-economic-growth-leaves-republicans-literally-speechless-rcna135896

Over the last couple of years, a reliable pattern has taken shape. On the first Friday of the month, new job numbers are released, and lately, the data has looked great. Despite the importance of the issue, Republican leaders inevitably respond to the developments by pretending not to notice them.

But as it turns out, it’s not just low unemployment that leaves GOP leaders literally speechless.

Americans learned this week that economic growth in the final three months of 2023 easily outpaced modest expectations, and GDP growth across the entire year was quite good — despite overwhelming chatter a year ago about a looming recession.

The New York Times’ Paul Krugman, taking stock of the data, concluded that President Joe Biden “couldn’t have asked for better numbers.” Diane Swonk, chief economist at KPMG, told the Times the economic news was “stunning and spectacular.”.....

There’s no great mystery here. Party leaders have almost certainly concluded that if they were to comment on the good news, more Americans might hear about it — and that’s the last thing the GOP wants. There’s political utility in simply looking the other way.

But the Republicans’ silence doesn’t change the fact that the latest economic data is worth celebrating, even if some political partisans hope the public doesn’t notice.
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