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US economy grew solid 3.2% in fourth quarter

14 Comments
By PAUL WISEMAN

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14 Comments
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My house has "solid" walls and foundations that will be here next year and the years after that.

Will the US economy's growth be the same next year and years after that? If not, it is not automatically "solid" or "robust".

Any intelligent reader can make their own mind up about what 3.2% means. They do not need to be spoonfed an opinion by a newspaper. Newspapers are supposed to report, not to tell people what to think. Adjectives are a telltale sign of bias in journalism. If you want to disrespect a leader or policy, call him, her, or it "controversial" etc.

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However, I would question why the headline calls it a "solid" 3.2%. Solid by who's and what definition? 

Average annual GDP growth 1948-2023 is 2.15%. That is an average of values that range from an all time high of 13.40% growth in the 4th quarter of 1950 to the record low of -7.5% in 2020.9

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Bidenomics comes through again.

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And the economy would be doing even better if know-nothing Republicans trapped in their Trump cult lunacy stopped blocking desperately needed military aid to Ukraine. The vast majority of money for military aid to Ukraine GETS SPENT IN THE USA!! Americans in factories around the country make that ammunition etc.

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@zibala 

A recent poll found only 35% of US adults call the national economy good.

And you're not just making that up... (of course!). Link please.

@kohakuebisu

However, I would question why the headline calls it a "solid" 3.2%. Solid by who's and what definition? 

Solid by the definition of any half-qualified economist who has ever walked the planet, regardless of their private political leanings! Educate yourself before posting garbage.

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Keep in mind US Govt. Fiscal Deficit, especially on cash flow basis that eliminates accounting 'games', for 2023 some +7% of GDP, so US full year GDP of approx. 3%, hardly stellar, real economy not doing well at all, stagflation, people paying more to buy less stuff.

It's no wonder Biden's so unpopular with High Prices, Inflation and Economy in general, if you believe polling.

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However, I would question why the headline calls it a "solid" 3.2%. Solid by who's and what definition? 

In comparison to the GDP growth rate, or decline, of the other developed nations among OECD members. In a world where the GDP growth of Japan, UK and Germany are either stagnant or declining and that of the EU as a whole is low, the economy of the US is growing faster than its peers. Only China's economy appears to have a higher GDP growth rate, but that rate is greatly diminished from past years and many economic indicators are signaling China's GDP growth will stagnate. The idea that the GDP of China will surpass that of the US seems increasingly unlikely and much of that is due to greater GDP growth on the part of the US than many have predicted.

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The US is a world leader in what is now the most valuable product, data. The country is self-sufficient in the second one, fossil fuel.

However, I would question why the headline calls it a "solid" 3.2%. Solid by who's and what definition? One line into the article and "solid" has been backed up with "robust". Adjectives are traditionally a telltale sign of journalistic bias.

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Given most think US long term potential about 2% or even a bit less, clearly things running hot, due to massive Govt. fiscal stimulus. Seems an odd time to cut rates, given that inflation has picked up in last 6 months.

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off the back of slavery. Minimum wage is nothing short of slavery. $2.10 an hour plus earnings from begging or tipping. It disgusting that their society allows still allow slavery. This why the USA has such high crimes and homeless and a thriving drug industry. If you fall into this minimum wage sector you would be better off obtaining a gun and rob people. I will never buy another made in USA product until their society totally ban form of slavery and start paying a decent minimum wage.

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US economy grew solid 3.2% in fourth quarter

I figured the White House/MSM would try to push this.

Pay no attention to that $834.2 billion Q3 debt spending thingy behind the curtain.

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Do most Republicans still believe that Biden is ruining the economy?

Of course, as do Democrats. A recent poll found only 35% of US adults call the national economy good.

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Do most Republicans still believe that Biden is ruining the economy?

They claim it here every single day.

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Do most Republicans still believe that Biden is ruining the economy?

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