The Banker
Diamond Member
- Banned
- #1
The Biden economy put in a very solid GDP print of +2.9%, in the 4th quarter.
Lets remember that Trump's best year for the economy was 2018, when Trump put up only the same +2.9% growth.
With this 2.9% print this morning, Biden has now averaged a booming whoping +4% GDP growth per year in his first 2 years, extremely good.
Putin's sudden invasion of Ukraine has hurt US and world GDP growth tremendously, and greatly added to inflation, but Biden's economy is strong enough to power through.
If Putin never invaded Ukraine, Biden's economy would be booming like it did in 2021, BUT even with the Putin invasion that has crushed Europe and hurt the world, Biden's economy is still growing GDP substantially greater than Trump's weak no growth economy.
(Trump averaged a very low and weak +2.55% from 2017-2019, Biden has a booming 4% growth average)
Lets remember that Trump's best year for the economy was 2018, when Trump put up only the same +2.9% growth.
With this 2.9% print this morning, Biden has now averaged a booming whoping +4% GDP growth per year in his first 2 years, extremely good.
Putin's sudden invasion of Ukraine has hurt US and world GDP growth tremendously, and greatly added to inflation, but Biden's economy is strong enough to power through.
If Putin never invaded Ukraine, Biden's economy would be booming like it did in 2021, BUT even with the Putin invasion that has crushed Europe and hurt the world, Biden's economy is still growing GDP substantially greater than Trump's weak no growth economy.
(Trump averaged a very low and weak +2.55% from 2017-2019, Biden has a booming 4% growth average)
U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom
Gross domestic product was expected to rise 2.8% at an annualized pace in the fourth quarter, according to Dow Jones estimates.
www.cnbc.com
GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread
Gross domestic product accelerated at a 6.9% annualized pace in the fourth quarter, well ahead of the 5.5% estimate.
www.cnbc.com
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