US economy under Biden-Harris led the world in recovery from COVID

[ElmerMudd]

US economy under Biden-Harris led the world in recovery from COVID

All countries were dealing with the same problems of post-pandemic inflation and high interest rates meant to combat it. But the U.S. managed to achieve solid growth in spite of those headwinds.

U.S. GDP looks to have grown 2.5% in 2023, according to the IMF's hot-off-the-presses World Economic Outlook, the highest among the G7 economies (Japan was second at 1.9%).

https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations

 

[shockedcanadian]

US economy under Biden-Harris led the world in recovery from COVID

All countries were dealing with the same problems of post-pandemic inflation and high interest rates meant to combat it. But the U.S. managed to achieve solid growth in spite of those headwinds.

U.S. GDP looks to have grown 2.5% in 2023, according to the IMF's hot-off-the-presses World Economic Outlook, the highest among the G7 economies (Japan was second at 1.9%).

https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations

Again, yes, because each of the biggest states in the U.S shut down completely. California, New York etc. So they knew the rebound would look so good.

You then throw in record debt and all you have is a mirage. It's not sustainable, especially long term.

America has to get back to capitalism. All Western nations need to pay down the debt. Mining resources and selling them wouldn't be a bad idea. Perhaps 100 year T-bills and bonds, I don't know.

 

[Oddball]

Now a alleged 2.5% growth rate (which will promptly be revised downward in a couple months), primarily spurred by growth in gubmint (which is in fact a net drain on economic activity), is "solid".

Fuck my life.

 

[Billiejeens]

US economy under Biden-Harris led the world in recovery from COVID

All countries were dealing with the same problems of post-pandemic inflation and high interest rates meant to combat it. But the U.S. managed to achieve solid growth in spite of those headwinds.

U.S. GDP looks to have grown 2.5% in 2023, according to the IMF's hot-off-the-presses World Economic Outlook, the highest among the G7 economies (Japan was second at 1.9%).

https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations

Total dupe, elmo.

 

[g5000]

Now a alleged 2.5% growth rate (which will promptly be revised downward in a couple months),

Or upward.

Like last quarter was.

And the quarter before that.

It really sucks you losers want to see America fail.

 

[C_Clayton_Jones]

US economy under Biden-Harris led the world in recovery from COVID

All countries were dealing with the same problems of post-pandemic inflation and high interest rates meant to combat it. But the U.S. managed to achieve solid growth in spite of those headwinds.

U.S. GDP looks to have grown 2.5% in 2023, according to the IMF's hot-off-the-presses World Economic Outlook, the highest among the G7 economies (Japan was second at 1.9%).

https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations

What’s remarkable is that this was accomplished even with unwarranted, wrongheaded Republican opposition.

 

[C_Clayton_Jones]

Again, yes, because each of the biggest states in the U.S shut down completely. California, New York etc. So they knew the rebound would look so good.

You then throw in record debt and all you have is a mirage. It's not sustainable, especially long term.

America has to get back to capitalism. All Western nations need to pay down the debt. Mining resources and selling them wouldn't be a bad idea. Perhaps 100 year T-bills and bonds, I don't know.

In essence, yet another Republican economic mess was cleaned up by yet another Democratic administration.

 

[Foxfyre]

US economy under Biden-Harris led the world in recovery from COVID

All countries were dealing with the same problems of post-pandemic inflation and high interest rates meant to combat it. But the U.S. managed to achieve solid growth in spite of those headwinds.

U.S. GDP looks to have grown 2.5% in 2023, according to the IMF's hot-off-the-presses World Economic Outlook, the highest among the G7 economies (Japan was second at 1.9%).

https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations

Under Biden/Harris the USA has the worst record for dealing with COVID than any other country among the world's wealthiest/most developed nations.

 

[ElmerMudd]

Under Biden/Harris the USA has the worst record for dealing with COVID than any other country.

Please document. I thought it was Trump who had to deal with COVID.

 

[Billiejeens]

Please document. I thought it was Trump who had to deal with COVID.

You've never thought.

 

[Rambunctious]

I just came from the store... prices are as high as ever... so don't fall for this bullshit....

 

[Foxfyre]

Please document. I thought it was Trump who had to deal with COVID.

Trump dealt with it for roughly 10 months when nobody anywhere knew for sure how to deal with it. Biden/Harris has dealt with it for most of four years. And most media will not report the numbers.

 

[jc456]

What’s remarkable is that this was accomplished even with unwarranted, wrongheaded Republican opposition.

Willfully ignorant

 

[excalibur]

US economy under Biden-Harris led the world in recovery from COVID

All countries were dealing with the same problems of post-pandemic inflation and high interest rates meant to combat it. But the U.S. managed to achieve solid growth in spite of those headwinds.

U.S. GDP looks to have grown 2.5% in 2023, according to the IMF's hot-off-the-presses World Economic Outlook, the highest among the G7 economies (Japan was second at 1.9%).

https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations

Thanks to the policies of President Trump. Trump left Biden-Harris a solidly growing economy.

Third quarter 2020 up 33.4%.

U.S. third-quarter GDP growth revised slightly higher

The U.S. economy grew at a record pace in the third quarter, fueled by more than $3 trillion in pandemic relief.

www.cnbc.com

Fourth quarter 2020 up 4.3%.

Gross Domestic Product by State, 4th Quarter 2020 and Annual 2020 (Preliminary) | U.S. Bureau of Economic Analysis (BEA)

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the fourth quarter of 2020, as real GDP for the nation increased at an annual rate of 4.3 percent, according to statistics released today by the U.S. Bureau of Economic Analysis. The percent change in...

www.bea.gov

First quarter 2021 up 5.2%.

https://www.reuters.com/markets/us/us-gdp-revised-down-every-first-quarter-2020-2022-2023-09-28/