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News Economy Grows 6.4% 1st Quarter
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Redwingtom Offline
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Post: #21
RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 01:03 PM)GoodOwl Wrote:  
(04-29-2021 09:00 AM)shere khan Wrote:  
(04-29-2021 08:58 AM)appst89 Wrote:  Thanks Trump!

Still riding the Trump train. Biden* will derail it

Exactly. Only the ignorant deny President Trump's economy is the real driver of any remaining successes, but just wait until next year and all the Dweemoncrap madness destroys the economic successes of President Trump...unless after the fraud is exposed in AZ and other states, our Real President can be reinstated and the imposters thrown in prison for their illegal coup. Somehow, many feel the Bushies and Mittens, et al. probably won't go along with the truth, so here we are.

And trump didn't ride anything on the economy from Obama...got it. 03-lol
04-29-2021 01:08 PM
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Redwingtom Offline
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Post: #22
RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 11:39 AM)CrimsonPhantom Wrote:  
Quote:The U.S. economy boomed in the first three months of 2021, as states eased restrictions on businesses and vaccinations left consumers and businesses more confident.

Gross domestic product, a measure of goods and services produced in the U.S. economy, climbed 6.4 percent on an annualized basis in the January through March period. Outside of the third quarter of last year, it was the fastest growth for GDP since the third quarter of 2003.

The Biden Administration’s American Rescue Act was not passed until well into March, so it likely played little role in the expansion in the first quarter. Of the authorized spending, very little of the direct stimulus payments would have entered the economy in the first quarter. And economists suspect that only a fraction of those stimulus payments would have been spent in the first few weeks.

The Trump administration’s stimulus checks, sent out in December, probably did fuel some of the growth. But far more important was improved consumer and business optimism and the easing of restrictions that had repressed business activity.

Personal consumption expenditures soared 10.7 percent in the first quarter, largely driven by a 23.6 percent increase in spending on goods. Spending on durable goods, which includes cars, trucks and appliances, rocketed 41.4 percent. Spending on services grew by 4.6 percent. Consumer spending accounts for 68.1 percent of GDP.

Spending on services appears to be expanding in recent months, suggesting economic growth has further accelerated.

Investment in equipment rose 16.7 percent, a sign of business enthusiasm and a forward indicator of economic expansion. Investment in intellectual property rose 10.1 percent. Investment in housing jumped 10.8 percent. Investment in commercial structures fell 4.8 percent, perhaps reflecting harsh weather and a decline in office construction.

The PCE price index—the Fed’s favored gauge of inflation—increased 3.5 percent, a big increase from the fourth quarter’s rate of 1.5 percent. Excluding food and energy prices, the so-called “core” PCE price index increased by a milder 2.3 percent, above the 1.3 percent recorded in the fourth quarter of 2020.

Imports, which diminish GDP, rose 5.7 percent, with imports of goods rising 6.5 percent and imports of services rising 6.7 percent. Exports, which add to GDP, fell 1.1 percent on global economic weakness.

Government spending rose 6.3 percent, including a 13.9 percent jump in federal government spending.

Link

Gotta get your Breitbart talking points delivered I see.
04-29-2021 01:10 PM
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salukiblue Offline
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Post: #23
RE: Economy Grows 6.4% 1st Quarter
Why are people mad about this?
04-29-2021 01:10 PM
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fsquid Offline
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Post: #24
RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 01:10 PM)salukiblue Wrote:  Why are people mad about this?

no one is mad about it, they just want their side to get the credit. Politics is basically a sport now.
04-29-2021 01:12 PM
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BartlettTigerFan Offline
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Post: #25
RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 01:12 PM)fsquid Wrote:  
(04-29-2021 01:10 PM)salukiblue Wrote:  Why are people mad about this?

no one is mad about it, they just want their side to get the credit. Politics is basically a sport now.

Yep
04-29-2021 01:14 PM
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salukiblue Offline
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Post: #26
RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 01:12 PM)fsquid Wrote:  
(04-29-2021 01:10 PM)salukiblue Wrote:  Why are people mad about this?

no one is mad about it, they just want their side to get the credit. Politics is basically a sport now.

True.

And it's crazy that some people on here will agree with that yet act like insane fools treating politics like fandom.

no lessons learned
04-29-2021 01:16 PM
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blah Offline
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Post: #27
RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 08:38 AM)Redwingtom Wrote:  Thanks Joe! 03-wink

Quote:Economic activity boomed to start 2021, as widespread vaccinations and more fuel from government spending helped get the U.S. closer to where it was before the Covid-19 pandemic struck, the Commerce Department reported Thursday.

Gross domestic product, the sum of all goods and services produced in the economy, jumped 6.4% for the first three months of the year on an annualized basis. Outside of the reopening-fueled third-quarter surge last year, it was the best period for GDP since the third quarter of 2003.

“This signals the economy is off and running and it will be a boom-like year,” said Mark Zandi chief economist at Moody’s Analytics. “Obviously, the American consumer is powering the train and businesses are investing strongly.”
Consumer-fueled economy pushes GDP to 6.4% first-quarter gain

Inflation was at a 7.2% annual pace in March....

Jimmy Carter 2.0....

Thanks Joe*......
05-01-2021 10:42 PM
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swagsurfer11 Offline
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Post: #28
RE: Economy Grows 6.4% 1st Quarter
Biden's building back better B1tch!!
05-02-2021 06:54 AM
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Eagleaidaholic Offline
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Post: #29
RE: Economy Grows 6.4% 1st Quarter
Holla back when it's corrected sown to 5.7% next week. Oh. And there wasn't anything to "build back". It was all "shut down". Big difference.
05-02-2021 10:11 AM
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BartlettTigerFan Offline
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Post: #30
RE: Economy Grows 6.4% 1st Quarter
It's incredible just how stupid ~half our country is
05-02-2021 10:20 AM
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Marc Mensa Offline
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Post: #31
RE: Economy Grows 6.4% 1st Quarter
Good to see Biden turning around the Trump economic swoon.
05-02-2021 10:21 AM
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MemTigers1998 Offline
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Post: #32
RE: Economy Grows 6.4% 1st Quarter
Economic swoon 03-lmfao
05-02-2021 10:24 AM
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Eagleaidaholic Offline
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Post: #33
RE: Economy Grows 6.4% 1st Quarter
Imagine how much it would have grown if the Democrats didn't pay people to stay home UNTIL SEPTEMBER.
05-02-2021 10:55 AM
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Pounce FTW Offline
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Post: #34
RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 01:12 PM)fsquid Wrote:  
(04-29-2021 01:10 PM)salukiblue Wrote:  Why are people mad about this?

no one is mad about it, they just want their side to get the credit. Politics is basically a sport now.

Now? This blame/credit game has been the most pressing goal of politics for decades, if not forever. Luckily, politics is so squishy as a science that everyone gets to think they won the game. Hell, it's pretty much the favorite sport of this board. Everyone acknowledges it, but no one does a thing to change it because it's the other side's fault dammit.
05-02-2021 11:36 AM
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swagsurfer11 Offline
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Post: #35
RE: Economy Grows 6.4% 1st Quarter
(05-02-2021 10:21 AM)Marc Mensa Wrote:  Good to see Biden turning around the Trump economic swoon.

They are so bigly butthurt over Biden.
05-02-2021 05:48 PM
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shere khan Offline
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Post: #36
RE: Economy Grows 6.4% 1st Quarter
(05-02-2021 05:48 PM)swagsurfer11 Wrote:  
(05-02-2021 10:21 AM)Marc Mensa Wrote:  Good to see Biden turning around the Trump economic swoon.

They are so bigly butthurt over Biden.

03-lmfao

That senile frick ain't done one damn thing good. I challenge you to name one good thing he has done. Mensa is a retard and you are a third rate troll.

07-coffee3
05-02-2021 06:15 PM
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shere khan Offline
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Post: #37
RE: Economy Grows 6.4% 1st Quarter
(05-02-2021 10:24 AM)MemTigers1998 Wrote:  Economic swoon 03-lmfao

IQ less than 80. Mensa. 03-lmfao
05-02-2021 06:16 PM
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CardinalJim Offline
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Post: #38
RE: Economy Grows 6.4% 1st Quarter
So we are supposed to celebrate the economy springing back to life in 2021 after it was nearly killed in 2020 by the same people that are now celebrating. This doesn’t make a whole lot of sense.

If the group celebrating wants to take credit for Q1 growth in 2021, they have to also accept the blame for tanking Q2, Q3 and Q4 in 2020 since they were responsible for it.
05-02-2021 06:32 PM
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BartlettTigerFan Offline
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Post: #39
RE: Economy Grows 6.4% 1st Quarter
(05-02-2021 06:32 PM)CardinalJim Wrote:  So we are supposed to celebrate the economy springing back to life in 2021 after it was nearly killed in 2020 by the same people that are now celebrating. This doesn’t make a whole lot of sense.

If the group celebrating wants to take credit for Q1 growth in 2021, they have to also accept the blame for tanking Q2, Q3 and Q4 in 2020 since they were responsible for it.

Shame on you using common sense
05-02-2021 06:36 PM
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CardinalJim Offline
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Post: #40
RE: Economy Grows 6.4% 1st Quarter
PS…
I bet it chafes Barack knowing that Joe doubled his supposed 3% GDP ceiling, even if it is circumstantial.

Barack you just got outdone by the banjo playing kid from Deliverance.
(This post was last modified: 05-02-2021 06:53 PM by CardinalJim.)
05-02-2021 06:36 PM
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