thank god. my precious economy is doing okay.
sure wish i could afford groceries though...
^ posting is praxis folks, I swung a Republican to Democrat just like that
Wow, so everyone will see the benefits of a "strong economy"?
Everyone is doing better, right
See sweaty this GDP growth is phenominal and it won't trickle down onto your wee cute lil head if you vote for the cheeto man. The GDP only tinkles in your tiny adorable mouf hole if you vote for Biden. So please
This is what happens when shit like rent (and fake rent that homeowners "pay" themselves) is included in the GDP and rent skyrockets.
How much of this GDP "growth" was just manufacturers price-gouging?
Consumption was facilitated by rising wages, higher interest and dividend income, which more than offset a decline in government social benefits, including food stamps and Medicaid.
Spending was also supported by households drawing on savings as well as subsiding inflation. But amid rising anecdotal evidence of consumer distress because of higher borrowing costs, spending is likely to slow in the coming quarters. Government money to households is also expected to decline further.
I don't understand why "bidenomics" isn't more popular? Hasn't the trickling down started yet?
HEARTWARMING: The tent cities in my area have grown over 300%! Hooray for community!
This is the same thing that Krugman has been ranting and raving about for a while, which is that consumer spending is on the rise, which must mean that the economy is doing great. Seemingly not bothering to answer the obvious question "what are people spending money on" and since GDP only measures whether people are spending money or not, and people being gouged on rent, food, clothing, utilities, and other famous luxuries, GDP is going up.
