Gee that’s a shock, NOT.
Every. Single. Time.
Amazing economic gubmint reports with amazing economic news headlines!... followed by the inevitable “revised downward” economic correction buried in the back on page A16.
Pfffft.... and some still wonder why no one trusts the gubmint.
Without gubbmit spending, we’re in the negative zone.
If this is reported anywhere in the MSM it will be on page 3 of the financial section below the fold.
Another fake government economic statistic. Real output has been falling for 3 years with a rate of contraction of around 2 to 3 per cent per year. Everyone is poorer.
It also looks like we’re headed for an inflection point where there will be a very large contraction.
Inflation is a tax and the citizens are now paying an additional tax of around 20 to 30 per cent on their income and savings in addition to the official income taxes.
Needs a MINUS SIGN in front of that number
Can you say COLA?
Biden’s GDP always seems to be revised downward and Trump’s were revised upward.
Use legit inflation numbers and...
How much of that growth is due to US Gov’t Deficit Spending?
Oh! You don't suppose Biden would rig the stats, do you?
No surprise, really. Biden may not be all that upset about it, It may lean the fed more toward an election year rate cut later this summer or Fall.
SPOILER ALERT: We need to see actual non-farm payroll job losses in the monthly employment report to finally get that demented dunce Biden to lose the election and dump that putrid pile out of the Oval Office.
Actual job losses. That’s what we need.
The average person cares about having a job and how much they’re paying. By Election Day, I fear we’ll be used to the outrageous Biden-Flation prices we are forced to pay because of that infantile imbecile.
without actual job losses in the report, Biden probably wins the election. Or is reported to be the winner.
Unexpectedly
Hey Jill, where does this fit in with all the other great things your feeble minded husband has done for us Americans?
With GDP numbers, there is an initial figure, and then two revisions. If this is the first revision, there will be a second revision which will be even lower.
When a Democratic President is in the White House, the initial figure is always phony. The initial 1.6% growth has dropped nearly 20%, the second revision will probably come in between .8%-1.0%.
Meanwhile, the lapdog press is telling us how great the economy is, and the ‘experts’ at CNN and MSNBC are puzzled as to why the common folk are upset about food and gas prices.
And slowing further.
Even people making over $250K have had enough of this Shiite fiscal policy and illegal immigration
Takes out the effect of deficit spending and it becomes negative.
