Posted on 01/25/2024 5:53:40 AM PST by ChicagoConservative27
WASHINGTON (AP) — The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated from its sizzling 4.9% growth rate the previous quarter. But the latest figures still reflected the surprising durability of the world’s largest economy, marking the sixth straight quarter in which GDP has grown at an annual pace of 2% or more. Consumers fueled much of last quarter’s expansion.
For the full year, the economy grew 2.5%, up from 1.9% in 2022.
(Excerpt) Read more at breitbart.com ...
Rich folks are doing great under Biden. The Democratic Party is the Party of the Rich.
I think I read this morning that 1/3 of that was governmental growth....so not real economic growth.
Yea... Okay...
Everyone is laying off, everywhere... but keep telling yourselves how great 2024 is going to be.
They have to hold onto, and manufacture this narrative to try to save Biden...
I don’t trust the government’s inflation measure nor their adjustment calculation.
Everyone, even us making six figures, are hurting pretty bad. We’re being stretched to the point there’s no excess spending unless on credit.
Read Dave Ramsey to figure out what you are doing wrong.
Oh, my friend. I’ve been a Ramsey-ite since the mid-2000s. I’m fine. My budget has increased and I’m not doing anything different than I have over the years. No boats, etc.
I know that if I’m feeling a bit of a pinch (meaning I don’t net near as much as I did three years ago), I know “normal” people are getting crushed.
How much of that was government spending, Healthcare, illegals spending their giiftcards?
TONS. Most of GNP “growth” anymore is gubment.
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