US Economy grows, GDP at 3.3 percent

[Harry Dresden]

Good to see you Regurgitators stopped dead in your tracks .
It gets infuriating when a Critical Thinker blows you out of the water .

Anybody like to engage in further and more detailed analysis ?
Of course not . You are the Parrot Squad .

you get blown out of water quite a bit around here....

 

[Magnus]

And as ever , I am Bang On the Money .

Ad hominem school boy panic cuts no ice with me

You are bang on something, all right. Come back when you can link to facts.

 

[C_Clayton_Jones]

Who could object to a booming economy?

Clearly this is rhetorical.

 

[C_Clayton_Jones]

• Disguised CRAP . lapped up by the Gullibles
• 
  
• Personal consumption contributed 1.91%, more than half of the 3.280%. On an annualized basis, this amounted to a 2.8% increase, better than the 2.5% expected, but down from 3.1% last quarter.
• Fixed Investment also dipped, adding 0.31% to the bottom line number, down from 0.46% in Q3
• The change in private inventories was flat, contribuing 0.07% of the bottom line number, and denying expectations of a decline due to Q4 destocking after last quarter's 1.27% inventory change surge.
• Also in the unexpected column was the contribution from net exports, which added 0.43% to the bottom line number, up from 0.03% last quarter, as exports supposedly surged despite the sharp jump in the dollar in Q4.
• Finally, government contributed another 0.56% of the bottom line number, which while down from 0.99% in Q3, has continued a bizarre series where government remains one of the largest GDP contributors.

If President Biden doesn’t deserve credit for good economic news then he can’t be blamed for bad economic news.

Conservatives can’t have it both ways.

 

[luiza]

Even funnier and more dire for the Gullibles

GDP growth number was realistic or not (spoiler alert: the latter) is less important than what funded said growth. And it is here that we reveal something shocking: the chart below shows the Q4 change in GDP in nominal dollars as well as the corresponding increases in the US budget deficit (because the last time the US actually had a surplus was last century) and the increase in debt.

The result, for better or worse, speak for themselves: while Q4 GDP rose by $329 billion to $27.939 trillion, a respectable if made up number, what is much more disturbing is that over the same time period, the US budget deficit rose by more than 50%, or $510 billion. And the cherry on top: the increase in public US debt in the same three month period was a stunning $834 billion, or 154% more than the increase in GDP. In other words, it now takes $1.55 in budget deficit to generate $1 of growth... and it takes over $2.50 in new debt to generate $1 of GDP growth!

ROFL , Gullibles

 

[badbob85037]

Great news as US Economy remains strong and 4th Qtr 2023 GDP grows at 3.3 percent

https://www.cnn.com/2024/01/25/economy/fourth-quarter-gdp/index.html

The US economy remained shockingly robust in the fourth quarter to close out a remarkably strong 2023 as consumers and businesses continued to spend.

Gross domestic product, a measure of all the services and goods and produced, rose at a seasonally adjusted, annualized 3.3% rate from October through December, the Commerce Department reported Thursday.

And the streets are alined with gold even with Joe shitting himself!

 

[rightwinger]

And the streets are alined with gold even with Joe shitting himself!

Another Conservative who hates America

 

[Weatherman2020]

Great news as US Economy remains strong and 4th Qtr 2023 GDP grows at 3.3 percent

https://www.cnn.com/2024/01/25/economy/fourth-quarter-gdp/index.html

The US economy remained shockingly robust in the fourth quarter to close out a remarkably strong 2023 as consumers and businesses continued to spend.

Gross domestic product, a measure of all the services and goods and produced, rose at a seasonally adjusted, annualized 3.3% rate from October through December, the Commerce Department reported Thursday.

Only because Biden is printing up trillions of dollars we don’t have and dumping it into the economy is why the GDP is a positive number.

In the time it took you to read that one sentence Biden has added $20,000,000 to our debt.