Say it ain’t so!
Trump in 2018: “You look at GDP at 3.2 percent, we’re doing so well… Nobody would have believed it”
— Biden-Harris HQ (@BidenHQ) October 26, 2023
GDP just hit 4.9 percent under @JoeBiden. pic.twitter.com/5w0TZm9tjU
Not counting the gyrations of the pandemic period, it is stronger economic growth than any quarter of the pre-Covid Trump presidency and stronger than any quarter since 2014. https://t.co/xkPejz7Stw https://t.co/0xm4sJ5sPS
— Peter Baker (@peterbakernyt) October 26, 2023
I guess I’m past hoping that people will ever “feel” that the economy has improved as long as the price of eggs is higher than it was in 2010. But honestly, I think that Trump’s ongoing presence in our political culture makes his followers gleefully pretend that the world has gone to hell since he left office and the rest of us are just depressed and enervated by the relentless chaos he causes.
Still, the news is true. The economy is rolling and the relentless doom saying over the past couple of years, predicting an imminent recession, remains wrong.
By the way:
Inflation has moderated — to 3.7 percent from last summer’s peak of 9.1 percent …
The spate of recent growth is welcome news for the White House, which has invested heavily in infrastructure as part of its “Bidenomics” plan. Economists say its clear those policies are paying off: Robust manufacturing construction and government spending drove much of last quarter’s growth, and households have continued to benefit from historic job gains.
But despite $302 billion in infrastructure spending, the Biden administration has struggled to convince voters that its economic policies are working for them. Biden’s ratings on economic matters are lower than ever, with just 32 percent of Americans saying they approve of the president’s handling of the economy in a recent CNBC poll.
Why? This is why:
It never fails. Biden is old, dontcha know?