The US economy grew by 5.2% in the third quarter, even faster than previously estimated (companies, layoffs)

[remco67]

if you believe this is good and the economy is good simply be brave enough to go to a walmart or local non upscale grocery store and just talk to people. Ask them how they are doing. Go have breakfast at a local, normal middle class or lower joint and listen to the people talk. And see if they are praising the economy and how well they are doing. Step out of your little upscale comfort box of the wealthy or semi wealthy and away from the Starbucks every day crowd or the whole foods shoppers and listen to what the walmart shoppers say. And they aren't happy and they are the majority of people in this country

[Taratova]

Florida is adding to that because Florida is booming now. The red States are creating jobs.

[Wapasha]

Originally Posted by txdad99

While it’s good to see the economy is growing, I think a bigger concern for people is how expensive living has gotten. Middle & working class families continue to be stretched by inflation and food prices, which seem to be rapidly increasing.

Except that the economy is not growing as fast as you think, 40% of the GDP came from government spending. Government spending hit an all time high of $3,841 Billion in the third quarter of 2023.

[jetgraphics]

If you factor in inflation, deficit spending, and the private sector shrink, it's dismal.
But, hey, statistics don't lie. Liars use statistics.

[carcrazy67]

Originally Posted by Leo58

https://www.cnn.com/2023/11/29/econo...gdp/index.html

FWIW, economic growth never exceeded 3% under Trump, despite his promises.

Do you think this is a good thing? Did you look at the details of the report? Do you know the components of GDP? You are implying that things are economically better under Biden when compared to Trump......do you honestly believe that?

[TMSRetired]

Originally Posted by carcrazy67

Do you think this is a good thing? Did you look at the details of the report? Do you know the components of GDP? You are implying that things are economically better under Biden when compared to Trump......do you honestly believe that?

but, but, but...it's a bigger number !

[Ultor]

The US economy grew by 5.2% in the third quarter, even faster than previously estimated

...all while the Fed is actively trying to limit growth to knock down inflation... let's go Brandon!!!

[WK91]

I do not trust the government to report legitimate numbers anymore. They are 100% corrupt, and it’s likely they are just trying to prop up Biden’s reelection with fake numbers.

This is what happens when you become a banana republic and try to lock up your opposition. People no longer believe anything you say or report.

[beach43ofus]

Originally Posted by TMSRetired

GDP is the value of the items produced
GDI is the income of those products sold.

They should be in alignment but they aren't.
GDP - 5.2
GDI - 1.5

https://mishtalk.com/economics/huge-...t-accelerates/

What about all the foreign aid...military stuff...is is counted when produced, or when given to Ukraine or Israel? That is Billions of dollars quarterly.

[Ellwood]

I don't care about the economic growth when inflation is so out of control people can't afford to feed their families.