In good news for Democrats, GDP grew 2.6% last quarter

[BlindBoo]

Yep. Biden is definitely the fossil fuel forever president.

They all drink from the same cup.

Did the new approved drilling permits ban fracking?

 

[Resnic]

I don't think Republicans will be talking about GDP change much this week.
This couldn't have happened at a better time for democrats, with the midterms approaching:

https://www.cnn.com/2022/10/27/economy/us-gdp-third-quarter-initial/index.html

It's a ghost report really. It was impacted by exports.

Like his very recent selling off of the last of his record breaking of our oil reserve which bumps the gdp numbers.

U.S. sells oil reserves as Biden tackles pump prices ahead of elections

President Biden announced a plan to sell off the rest of his release from the nation's emergency oil reserve by year's end and begin refilling the stockpile.

www.reuters.com

It may have also been impacted somewhat by consumer spending purely because we're going into 3 major holidays in the next 2 months. If this is the case then it is very temporary and short lived as there is always a spike this time of year.

This is pretty much all just a ploy to look good for midterms.

 

[hadit]

Okay, how did the PCE number come in on inflation?

Until it starts showing up in the grocery store or the gas station, it's just numbers pumped out by the government. That's the point, people vote their wallets, not numbers that aren't reflected in everyday life.

 

[hadit]

How many unused oil leases do we have currently? 8,000? 10,000?

They don't drill where they're pretty sure there's no oil. It's not like there's a layer of oil under every square mile of land.

 

[Harpy Eagle]

Yep. Biden is definitely the fossil fuel forever president.

Despite his best efforts, the fossil fuel industry is thriving

 

[DOTR]

View attachment 716381


They all drink from the same cup.

Did the new approved drilling permits ban fracking?

I think Bidenites now claim Biden invented fracking and has always fought against Republicans to get more fracking done.

 

[Moonglow]

A uglier way would be wrapped all winter in a packing quilt in the NE.

I suggest a gas furnace.

 

[toobfreak]

I don't think Republicans will be talking about GDP change much this week.
This couldn't have happened at a better time for democrats, with the midterms approaching

Really? With the economy down so much and heading into a recession, how is getting back just 2.6% of it lost during covid "good news?" It is just the natural recovery of some of what you used to already have due to no longer shutting down the economy!

 

[otto105]

Really? With the economy down so much and heading into a recession, how is getting back just 2.6% of it lost during covid "good news?" It is just the natural recovery of some of what you used to already have due to no longer shutting down the economy!

2.6% would be a high water mark for the last 1-term fuckup.

 

[Ray From Cleveland]

You all sure as fuck cared when it was in the negative, you could not stop talking about it

Nope, it was one item in a long list we brought up when you defended this confused clown.

 

[Arresmillao]

US economy grew significantly in 3rd quarter, ending 6 months of shrinking​

Oct 27, 2022 11:57 AM EDT​

ABC News​

ABC NEWS—The U.S. economy expanded significantly to kick off the second half of the year, marking a dramatic reversal from the contraction experienced over the first six months, government data showed.

US economy grew significantly in 3rd quarter, ending 6 months of shrinking - ABC Columbia

The data defies Fed efforts to slow the economy and slash inflation.

www.abccolumbia.com

President Biden has achieved GDP growth of 2.6% for the third quarter of this year, and the stock market immediately followed with strong gains. Very bad news for Ultra Maga politicians who were hoping for the worst ahead of mid-terms next week, a blue wave may be coming...

 

[Meister]

We are basically flat for the year, got it.
2.6 isn't exactly a big number

 

[Oddball]

We are basically flat for the year, got it.
2.6 isn't exactly a big number

2-day old "news"...At least a couple other threads on this.

 

[Mikeoxenormous]

US economy grew significantly in 3rd quarter, ending 6 months of shrinking​

Oct 27, 2022 11:57 AM EDT​

ABC News​

ABC NEWS—The U.S. economy expanded significantly to kick off the second half of the year, marking a dramatic reversal from the contraction experienced over the first six months, government data showed.

US economy grew significantly in 3rd quarter, ending 6 months of shrinking - ABC Columbia

The data defies Fed efforts to slow the economy and slash inflation.

www.abccolumbia.com

President Biden has achieved GDP growth of 2.6% for the third quarter of this year, and the stock market immediately followed with strong gains. Very bad news for Ultra Maga politicians who were hoping for the worst ahead of mid-terms next week, a blue wave may be coming...


View attachment 717720

So you think that when the economy comes to a screeching halt, that you are still going to swoon when ever the crypt keeper farts?


Column: U.S. diesel shortage increasingly likely until economy slows

LONDON, Oct 27 (Reuters) - U.S. diesel supplies are becoming critically low with shortages and price spikes likely to occur in the next six months unless and until the economy and fuel consumption slow.
Stocks of diesel and other distillate fuel oils were just 106 million barrels on Oct. 21, the lowest for the time of year since the U.S. Energy Information Administration (EIA) started collecting weekly data in 1982.

Trucks use diesel to move goods to businesses and shops so people can eat. Trains use diesel to move goods to the trucks so they can move the goods to you. When there is no diesel, then there is no food. Morons like you can try to gin up this failing economy, but intelligent people know what is coming soon, to a country near US.

 

[Dogmaphobe]

Biden did that, did he?

He also comes down your chimney each year with presents for you, doesn't he?

 

[JustAGuy1]

US economy grew significantly in 3rd quarter, ending 6 months of shrinking​

Oct 27, 2022 11:57 AM EDT​

ABC News​

ABC NEWS—The U.S. economy expanded significantly to kick off the second half of the year, marking a dramatic reversal from the contraction experienced over the first six months, government data showed.

US economy grew significantly in 3rd quarter, ending 6 months of shrinking - ABC Columbia

The data defies Fed efforts to slow the economy and slash inflation.

www.abccolumbia.com

President Biden has achieved GDP growth of 2.6% for the third quarter of this year, and the stock market immediately followed with strong gains. Very bad news for Ultra Maga politicians who were hoping for the worst ahead of mid-terms next week, a blue wave may be coming...


View attachment 717720

The people pay no attention to the GDP, it's the inflation, the Crime and the Border that's going to hurt DEms.

 

[Moonglow]

We are basically flat for the year, got it.
2.6 isn't exactly a big number

Beats the negative five in 2020.

 

[Moonglow]

The people pay no attention to the GDP, it's the inflation, the Crime and the Border that's going to hurt DEms.

It hasn't hurt them in the past and a great indicator is a fact that we are not paying 1990 prices.

 

[rightwinger]

Where is the Great Recession Republicans were counting on?

 

[22lcidw]

Beats the negative five in 2020.

Give us a check back for 33% when we go to the stores. These evil cretins deserve to die slowly.