Morgan Stanley Credits ‘Bidenomics’ for Economic Surge
- Thread starter exGOPer
- Start date
“The U.S. economy grew solidly last quarter and remained well clear of a recession despite the Federal Reserve pushing interest rates higher,” the Wall Street Journal reports.
“Gross domestic product grew at a seasonally and inflation adjusted annual rate of 2.4% in the second quarter, picking up slightly from 2% growth in the first three months of the year.”
CNBC: “Perhaps as important, inflation was held in check through the period. The personal consumption expenditures price index increased 2.6%, down from a 4.1% rise in the first quarter and well below the Dow Jones estimate for a gain of 3.2%.”
“Gross domestic product grew at a seasonally and inflation adjusted annual rate of 2.4% in the second quarter, picking up slightly from 2% growth in the first three months of the year.”
CNBC: “Perhaps as important, inflation was held in check through the period. The personal consumption expenditures price index increased 2.6%, down from a 4.1% rise in the first quarter and well below the Dow Jones estimate for a gain of 3.2%.”
As much as it pains me to admit it, AAAynintheBeltway was right about the country now: we're all tribal.
No matter what the other chieftain does, it's wrong.
The economy isn't good for all,Biden should know
“A surge in government funding and related private investment is beginning to make its way to businesses and communities across the country, building electric vehicles, new bridges, airport upgrades and a host of other infrastructure and green energy projects that are juicing the economy — just when it needs it most,” the Washington Post reports.
“The federal government has announced some $299 billion and has spurred another $503 billion in business investment that is providing a surprisingly quick and robust boost to the U.S. economy.”
“The jump in private investment, in particular, is already filtering into the economy.”
“The federal government has announced some $299 billion and has spurred another $503 billion in business investment that is providing a surprisingly quick and robust boost to the U.S. economy.”
“The jump in private investment, in particular, is already filtering into the economy.”
Drop $4.2 trillion dollars of Covid money ($400 billion was wasted or stolen) on the economy and stuff will happen.
New bridges - airport upgrades, we shall see. As examples of government spending we have bridges to nowhere and Newsome's Monorail.
Maybe they will use some of the funds to hire more TSA agents.
No miracle here. Give me $4.2 trillion dollars to blow and I will make shit happen every time.
New bridges - airport upgrades, we shall see. As examples of government spending we have bridges to nowhere and Newsome's Monorail.
Maybe they will use some of the funds to hire more TSA agents.
No miracle here. Give me $4.2 trillion dollars to blow and I will make shit happen every time.
The Whiteys only understand racism and conspiracy theories.