Current GDP, 1st Quarter 2024 : % 1.4 Annual Growth Rate

Grokmaster said:
Trump maintained a steady 2-3 %...
Bidne couldn't even DREAM of such numbers.
Click to expand...
First, no. The numbers are known. You cannot just make up numbers like that. Before the pandemic, 0.7% (Q4 2018) to 4.1%(Q4 2017). He did not maintain a steady 2-3%. In the last year, Biden has gotten 4.9%(Q3 2023), better than trump did at any point before the pandemic, and 1.4%(Q1 2024) better than the 0.7% trump got.

So Biden has done better than trump... But he does not dream of that. We need to keep growth down, to get inflation under control. Maybe then we can get the 4+% rates of strong growth for a long time. Not these lackluster 2% growths we were getting before the pandemic.
 
Walt said:
First, no. The numbers are known. You cannot just make up numbers like that. Before the pandemic, 0.7% (Q4 2018) to 4.1%(Q4 2017). He did not maintain a steady 2-3%. In the last year, Biden has gotten 4.9%(Q3 2023), better than trump did at any point before the pandemic, and 1.4%(Q1 2024) better than the 0.7% trump got.

So Biden has done better than trump... But he does not dream of that. We need to keep growth down, to get inflation under control. Maybe then we can get the 4+% rates of strong growth for a long time. Not these lackluster 2% growths we were getting before the pandemic.
Click to expand...
Is that with or without factoring in inflation?
 
Hawkeye10 said:
If only the Regimes numbers had anything to do with reality.
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Have you ever been to Afghanistan? If not, how do you know it even exists? Maybe that is just another one of "The Regimes" lies?

In the real world, many smart people base their livelihood on these numbers. The numbers are generated in the same way whoever is in the White House.

Besides, if the Biden Administration was to lie, wouldn't they make the numbers outstanding?
 
Walt said:
Have you ever been to Afghanistan? If not, how do you know it even exists? Maybe that is just another one of "The Regimes" lies?

In the real world, many smart people base their livelihood on these numbers. The numbers are generated in the same way whoever is in the White House.

Besides, if the Biden Administration was to lie, wouldn't they make the numbers outstanding?
Click to expand...
The Chinese and Russian numbers are now more reality based than the American numbers are.

This is something to notice.
 
Hawkeye10 said:
The Chinese and Russian numbers are now more reality based than the American numbers are.
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That just is not reality. There is a reason that Chinese and Russians are trying desperate to get their money into the USA, and it is because we have the most reality based numbers around.
 
Walt said:
That just is not reality. There is a reason that Chinese and Russians are trying desperate to get their money into the USA, and it is because we have the most reality based numbers around.
Click to expand...
No; they know we have the most easily bought leader.
 

US Economy Shows Further Signs of Slowing Under High Rates​

  • Thursday data show downward revision to 1Q personal spending
  • Core capital goods orders, pending home sales dropped in May

“The economy is operating in low gear in the first half of 2024 after above-trend growth in the second half of 2023,” Bill Adams, chief economist at Comerica Bank, said in a note. “Real GDP was cool in the first quarter, and the second quarter has seen continued softness in retail sales and housing activity.”



www.bloomberg.com

US Economy Shows Further Signs of Slowing Under High Rates

Wide-ranging economic data illustrates a downshift in US growth over the first half of the year tied to both the Federal Reserve’s higher-for-longer borrowing costs policy and sting of lingering inflation.
www.bloomberg.com www.bloomberg.com
 
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