Posted on 04/26/2024 7:04:56 AM PDT by ChicagoConservative27
On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that the White House is okay with the latest GDP report, “especially once you get under the hood, you take out some of those more volatile components, consumer spending and investment look great.” And “the underlying economy is solid as ever.”
Guest host Edward Lawrence asked, “When you dig into this GDP report…you find that the first quarter personal consumption grew at 2.5%, the non-defense government spending grew at 0.3%, but if you look back to the fourth quarter, non-defense government spending grew at 4.8%. So, government spending, was that driving the GDP? Is there a correlation there?”
(Excerpt) Read more at breitbart.com ...
White House: We’re OK with Slower GDP Report, ‘Underlying Economy Is Solid as Ever’
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It’s always fun to watch politicians take credit for laying more burdens on honest, law-abiding US citizens.
Bidenomics: whatever we do is OK
investment with taxpayer dollars is higher than ever and is being wasted on green energy.
Summer driving season gonna be a train wreck.....he’ll tap the SPR again to try to manipulate prices....it wont work.
Oh wait! They have been doing that for years.. never mind.
China and Russia’s GDP is higher…..a look into the future. Thanks Joe!
This Jared Bernstein will gaslight until the cows come home. I’ve seen him on shows prior and he just spews the same pro-Xiden bullshit AND HE NEVER GETS SERIOUSLY QUESTIONED!!!
We, the people dont give a fig about what you think,
.......the most important thing is what WE think.
Pedo Joe is starting to sound like Baghdad Bob!
Yes, Virginia:
That’s ‘rain’ you feel.
/s
In my best Monty Burns,, “Excellent”.
i liked that guy, and joe isuzu too.
I considered it performance art.
Later there was Rumsfeld who was also very good
There really is gas. Laughing gas.
Is there a study of the effect BiXiden’s draining of the SPR actually had on US gas prices or world wide Crude prices?
I think the P/E ratio of NVIDIA seems high compared to historical data on the market.
Not that I’m aware of. But I read Phil Flynn’s daily energy report and he comments on the SPR status and Biden constantly.
https://blog.pricegroup.com/author/philflynn/
Thanks for the link.
I thought that, in theory, “the draining” would have an effect that would be so small as to be difficult to measure.
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