The Administration announced today that GDP was up 3.2% for the quarter. Hmmmm.Doesn’t seem like it does it?
Manufacturing employment is both a forward and backward economic indicator. It means there wasn’t demand and there will not be demand in the future to make and sell goods. That pulls down GDP.
The deep state has weaponized economic statistics. I don’t believe the Fed’s numbers on quantitative easing. Are they reducing easing, or have they stopped, or have the reversed easing, as in pulling money back? We won’t know until the Fed is audited. But who is credible enough to do the audit?
Very few people will talk about the solution to all this. It is massive government spending cut. Not $1.7 Trillion woke omnibus spending. Democrats and RINO are adding $2 Trillion to the national debt this year. To be absolutely clear, that’s $2 Trillion extra dollars either borrowed or printed chasing goods and services. When you have too many dollars chasing too few goods you get inflation. Inflation begets more interest rate increases, which begets higher interest payments on the debt, which begets more government spending. Qui bono? It ain’t the average hardworking American.