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Halls of Shrewd'm / US Policy
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Author: very stable genius   😊 😞
Number: of 48447 
Subject: U.S. Economy Grew 3% In Q 2...
Date: 08/29/2024 9:01 AM
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"The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment."

"Thursday’s report reflected an economy that remains resilient while still gradually slowing under the pressure of continued high interest rates."

Annual real GDP growth has been 1.2% faster during Democratic administrations (3.79%) compared to Republican ones (2.60%) since 1949.

From 1933 to 2020, the economy grew at an average rate of 4.6% per year under Democratic presidents, nearly double the 2.4% under Republican presidents.

And of course Trump's job creation record was the worst of any American president on record, no other president has left the U.S. with a smaller workforce than it had when they took office.
All while adding a record setting $8 trillion in new debt in just 4 years. Make America Bankrupt Again?

https://apnews.com/article/economy-growth-inflatio...

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