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5.2% growth in the third quarter. Can’t argue with that.
https://www.msn.com/en-us/money/markets/us-gdp-grew-at-a-52-rate-in-the-third-quarter-even-stronger-than-first-indicated/ar-AA1kJ9kj |
That’s crazy!!!! |
If anyone wants to complain about the cost of things, take it up with the corporations: “Corporate profits accelerated 4.3% during the period, up sharply from the 0.8% gain in the second quarter.” |
| I couldn't go to Tysons mall on Friday, I just missed how empty it was when Trump was in office. |
This is why Republicans are crazy to think that Biden will be easy to beat. |
Which do you think most voters care about, GDP or cost of living? He's running against a populist; bragging about GDP and corporate profits when cost of living is rising faster than ever and salaries are lagging is going to play right into Trump's campaign. |
The cost of living is not rising faster than wages. That's another GOP lie. It's important to counter the false narrative that the economy is bad. |
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Is it really any wonder when the media has been publishing "Recession is Around the Corner" headlines for nearly three years straight? Meanwhile, GDP is booming, unemployment is at record lows and we're seeing solid wages gains. |
Trump’s campaign is proposing new tariffs and a ten percent tax on every import, which will raise prices even more. |
The cost of living has risen far more under Biden than wages. His 3years have CPI growth of 4.7% in 2021, 8% in 2022, and 3.5% in 2023 https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913- Annual wages 1.7% in 20202 and -1.8% in 2022. Unless 2023 was really a banner year, wages aren't catching inflation for Biden's presidency https://stats.oecd.org/Index.aspx?DataSetCode=AN_AV_WAGEGROWTH# |
2023 has been a banner year. Wages have been rising much faster than inflation since January. https://www.statista.com/statistics/1351276/wage-growth-vs-inflation-us/ |
Not even remotely enough to erase the ground list in 2022 and 2021. |
It will overtake it in a few months if trends keep up. Inflation since January 2021 is a cumulative 17% and wage growth is a cumulative 13.6%. Another few months of wage growth exceeding inflation by 2% and that will wipe it out. It has been a tough haul getting back from Trump's recession, but Biden is doing it despite all the gloom and doom predictions. |