"Strongest economy in the world"

[Tommy Tainant]

US economic growth ramps up, growing 2.8% in latest quarter

Even as Joe Biden touts ‘strongest economy in the world’, nearly three in five Americans wrongly believe US is in recession

www.theguardian.com

Gross domestic product (GDP) – a broad measure of economic health – rose 2.8% in three months to June, the commerce department reported on Thursday, ahead of economists’ expectations and up sharply from 1.4% in the first quarter.

Its hard to argue with stats like that. No doubt the many economic experts on here will explain it to me.
In sthe same set of results in the UK the figures are 0% and +0,3%.

America has been playing a different game to us. Saddled with a useless conservative govt. Biden and Harris saved America from the trump recession. You should be grateful and back the winning team.

 

[Dekster]

US economic growth ramps up, growing 2.8% in latest quarter

Even as Joe Biden touts ‘strongest economy in the world’, nearly three in five Americans wrongly believe US is in recession

www.theguardian.com

Gross domestic product (GDP) – a broad measure of economic health – rose 2.8% in three months to June, the commerce department reported on Thursday, ahead of economists’ expectations and up sharply from 1.4% in the first quarter.

Its hard to argue with stats like that. No doubt the many economic experts on here will explain it to me.
In sthe same set of results in the UK the figures are 0% and +0,3%.

America has been playing a different game to us. Saddled with a useless conservative govt. Biden and Harris saved America from the trump recession. You should be grateful and back the winning team.

Housing accounts for about 15% of US GDP either through rents or new construction. Housing prices are through the roof. Housing prices have been running at record highs the last two months. Perhaps GDP is a fine measure if you are looking for fine; but it isn't a true mirror of what is happening in many places across the country where workers are falling behind.

 

[Mikeoxenormous]

US economic growth ramps up, growing 2.8% in latest quarter

Even as Joe Biden touts ‘strongest economy in the world’, nearly three in five Americans wrongly believe US is in recession

www.theguardian.com

Gross domestic product (GDP) – a broad measure of economic health – rose 2.8% in three months to June, the commerce department reported on Thursday, ahead of economists’ expectations and up sharply from 1.4% in the first quarter.

Its hard to argue with stats like that. No doubt the many economic experts on here will explain it to me.
In sthe same set of results in the UK the figures are 0% and +0,3%.

America has been playing a different game to us. Saddled with a useless conservative govt. Biden and Harris saved America from the trump recession. You should be grateful and back the winning team.

Yeah, sure Joe Bribem did. More people are in debt than ever.

$1.13 trillion

• According to 3 sources

Americans' credit card balances climbed to a new record high $1.13 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans' credit card debt …​

abcnews.go.com

 

[Frankeneinstein]

Gross domestic product (GDP) – a broad measure of economic health – rose 2.8% in three months to June, the commerce department reported on Thursday, ahead of economists’ expectations and up sharply from 1.4% in the first quarter.

Is that possible with all those "destructive" tax cuts?

Its hard to argue with stats like that. No doubt the many economic experts on here will explain it to me.
In sthe same set of results in the UK the figures are 0% and +0,3%.

no need for experts tommy, it is common sense, Capitalism versus socialism....did you have massive tax cuts?

America has been playing a different game to us. Saddled with a useless conservative govt. Biden and Harris saved America from the trump recession. You should be grateful and back the winning team.

And just like that the argument that tax cuts are bad for the country is not only destroyed but shows that it grows the economy just like the pro tax cutters claimed it would...it also appears that the white liberal elitists that control the party disagree with your assessment of the winning team.

 

[Tommy Tainant]

Housing accounts for about 15% of US GDP either through rents or new construction. Housing prices are through the roof. Housing prices have been running at record highs the last two months. Perhaps GDP is a fine measure if you are looking for fine; but it isn't a true mirror of what is happening in many places across the country where workers are falling behind.

I understand that big corps have piled into your housing market and distorted it.
That nevr works for the beneit of the country. GDP reflects on what we make and sell.
Activity is up. It leads to higher tax take and improved public services. Be happy.

 

[Tommy Tainant]

Yeah, sure Joe Bribem did. More people are in debt than ever.

$1.13 trillion

• According to 3 sources

Americans' credit card balances climbed to a new record high $1.13 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans' credit card debt …​

abcnews.go.com

I dont think Biden encouraged credit card debt. Those are individual decisions.

 

[luiza]

America has been playing a different game to us. Saddled with a useless conservative govt. Biden and Harris saved America from the trump recession. You should be grateful and back the winning team.

Clown .
It is on the verge of collapse .
Whoops .
Was that Wall Street sinking further into the sand ?

 

[Tommy Tainant]

Is that possible with all those "destructive" tax cuts?

no need for experts tommy, it is common sense, Capitalism versus socialism....did you have massive tax cuts?

And just like that the argument that tax cuts are bad for the country is not only destroyed but shows that it grows the economy just like the pro tax cutters claimed it would...it also appears that the white liberal elitists that control the party disagree with your assessment of the winning team.

We have the gighest taxation since the war and the worst public services, The reason is our GDP has tanked so less people are paying tax and our workforce is inefficient because we sell less to the European Union.
Brexit has knocked 5% off our GDP.
Our major employers are also loath to invest in new kit. So the french widget maker can make more widgets per hour than his british counterpart.
He doesnt work harder he just has betterr kit.
Taxes have to rise when the economy fails. Nobody likes it but a failing economy cant support a civilised society.
Didnt Prez Biden introduce a green new deal that re-enrgised the American economy.
It sounds very Roosvelt to me. He saved America from the ravage of capitalism as well.
Labour were going to do that but the economy is in such a dire state they have had to scale it down.

 

[Dekster]

I understand that big corps have piled into your housing market and distorted it.
That nevr works for the beneit of the country. GDP reflects on what we make and sell.
Activity is up. It leads to higher tax take and improved public services. Be happy.

I am neither happy nor sad about it right now. I am just pointing out that higher GDP does not translate to good days on every Main Street in America. I sold off a chunk of properties on these inflated prices so the kiddies won't have to be crippled by our messed up student loan system that is getting more messed up by the day. I have one more commercial property to go and it is under contract with a guaranteed buyer though the closing won't happen until February. We are out of debt and my 401K is primed. I just need to get to 59 1/2 and hang out the Gone Fishin' sign.

 

[Independent thinker]

US economic growth ramps up, growing 2.8% in latest quarter

Even as Joe Biden touts ‘strongest economy in the world’, nearly three in five Americans wrongly believe US is in recession

www.theguardian.com

Gross domestic product (GDP) – a broad measure of economic health – rose 2.8% in three months to June, the commerce department reported on Thursday, ahead of economists’ expectations and up sharply from 1.4% in the first quarter.

Its hard to argue with stats like that. No doubt the many economic experts on here will explain it to me.
In sthe same set of results in the UK the figures are 0% and +0,3%.

America has been playing a different game to us. Saddled with a useless conservative govt. Biden and Harris saved America from the trump recession. You should be grateful and back the winning team.

Ummmmmmmmmm, the US has had the strongest economy in the world for around 200 years.