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News Economy Grows 6.4% 1st Quarter
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Redwingtom Offline
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Economy Grows 6.4% 1st Quarter
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
04-29-2021 08:38 AM
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BartlettTigerFan Offline
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Post: #2
RE: Economy Grows 6.4% 1st Quarter
Based on the thread title, all I can say is "duh". Texas and Florida opening up probably did that all by itself. Quote some stats about New York and California's economy moron.
04-29-2021 08:52 AM
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appst89 Offline
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RE: Economy Grows 6.4% 1st Quarter
Thanks Trump!
04-29-2021 08:58 AM
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shere khan Offline
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RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 08:58 AM)appst89 Wrote:  Thanks Trump!

Still riding the Trump train. Biden* will derail it
04-29-2021 09:00 AM
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MemTigers1998 Offline
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RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 08:58 AM)appst89 Wrote:  Thanks Trump!

No doubt. Had he not pushed the vaccine thru to give those that need peace of mind to function again, we’d still be waiting on the inept Biden* administration to do so. The senile old fool would probably have us under a nationwide mask mandate and lockdown. Deep down, the Dems probably hate seeing the economy cranking up again as they’ll have to relinquish some of the control they had over people’s lives. Then again, most of team blue will gladly stay holed up, masked and begging for a nanny state
(This post was last modified: 04-29-2021 09:05 AM by MemTigers1998.)
04-29-2021 09:04 AM
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shere khan Offline
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RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 09:04 AM)MemTigers1998 Wrote:  
(04-29-2021 08:58 AM)appst89 Wrote:  Thanks Trump!

No doubt. Had he not pushed the vaccine thru to give those that need peace of mind to function again, we’d still be waiting on the inept Biden* administration to do so. The senile old fool would probably have us under a nationwide mask mandate and lockdown. Deep down, the Dems probably hate seeing the economy cranking up again as they’ll have to relinquish some of the control they had over people’s lives. Then again, most of team blue will gladly stay holed up, masked and begging for a nanny state

That should just about end this thread

07-coffee3

Commietom fails again
04-29-2021 09:12 AM
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green Offline
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Post: #7
RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 09:04 AM)MemTigers1998 Wrote:  
(04-29-2021 08:58 AM)appst89 Wrote:  Thanks Trump!

No doubt. Had he not pushed the vaccine thru to give those that need peace of mind to function again, we’d still be waiting on the inept Biden* administration to do so. The senile old fool would probably have us under a nationwide mask mandate and lockdown. Deep down, the Dems probably hate seeing the economy cranking up again as they’ll have to relinquish some of the control they had over people’s lives. Then again, most of team blue will gladly stay holed up, masked and begging for a nanny state



https://twitter.com/axios/status/1387736459306848257

JUST YOU WAIT
04-29-2021 09:14 AM
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shere khan Offline
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RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 09:14 AM)green Wrote:  
(04-29-2021 09:04 AM)MemTigers1998 Wrote:  
(04-29-2021 08:58 AM)appst89 Wrote:  Thanks Trump!

No doubt. Had he not pushed the vaccine thru to give those that need peace of mind to function again, we’d still be waiting on the inept Biden* administration to do so. The senile old fool would probably have us under a nationwide mask mandate and lockdown. Deep down, the Dems probably hate seeing the economy cranking up again as they’ll have to relinquish some of the control they had over people’s lives. Then again, most of team blue will gladly stay holed up, masked and begging for a nanny state



https://twitter.com/axios/status/1387736459306848257

JUST YOU WAIT

Bwahahaha. The authoritarians are going to give freedom back.

Clown frickin world.

Thank God I dont live in a shitehole.
04-29-2021 09:18 AM
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No2rdame Offline
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RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 09:04 AM)MemTigers1998 Wrote:  
(04-29-2021 08:58 AM)appst89 Wrote:  Thanks Trump!

No doubt. Had he not pushed the vaccine thru to give those that need peace of mind to function again, we’d still be waiting on the inept Biden* administration to do so. The senile old fool would probably have us under a nationwide mask mandate and lockdown. Deep down, the Dems probably hate seeing the economy cranking up again as they’ll have to relinquish some of the control they had over people’s lives. Then again, most of team blue will gladly stay holed up, masked and begging for a nanny state

They'll shift to other ways of control, but they'll ride the economy and just like everything else, they'll try to take credit for it if it's positive and blame Trump if it's a failure on their part. Once the bill starts coming due for President Pedo's reckless spending spree and the economy goes south, watch for all of them to start blaming Trump.
04-29-2021 09:20 AM
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MemTigers1998 Offline
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Post: #10
RE: Economy Grows 6.4% 1st Quarter
Oh I know. That’s all the idiot libs ever do because their policies don’t work (neither do their lazy ass handout expecting freeloader voters) as evidenced by the disaster that is every blue city and blue state in this country.
04-29-2021 10:08 AM
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450bench Offline
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Post: #11
RE: Economy Grows 6.4% 1st Quarter
Thank you Donny T!!!!
04-29-2021 10:10 AM
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VA49er Offline
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Post: #12
RE: Economy Grows 6.4% 1st Quarter
lol @ Biden's "Neanderthal thinking" comment. That didn't age well.
04-29-2021 10:23 AM
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Eldonabe Offline
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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


Thanks Life ......... I could have been sitting in the WH today and this would have happened.

Nobody should get direct credit
04-29-2021 10:45 AM
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RobUCF Offline
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Post: #14
RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 08:52 AM)BartlettTigerFan Wrote:  Based on the thread title, all I can say is "duh". Texas and Florida opening up probably did that all by itself. Quote some stats about New York and California's economy moron.

Texas maybe, but we're ahead of you all - the final phase of Florida's reopening plan was initiated in September 2020, well before the first quarter of 2021 (and most things actually opened in the phase before that in June 2020).
04-29-2021 10:47 AM
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Attackcoog Online
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RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 09:14 AM)green Wrote:  
(04-29-2021 09:04 AM)MemTigers1998 Wrote:  
(04-29-2021 08:58 AM)appst89 Wrote:  Thanks Trump!

No doubt. Had he not pushed the vaccine thru to give those that need peace of mind to function again, we’d still be waiting on the inept Biden* administration to do so. The senile old fool would probably have us under a nationwide mask mandate and lockdown. Deep down, the Dems probably hate seeing the economy cranking up again as they’ll have to relinquish some of the control they had over people’s lives. Then again, most of team blue will gladly stay holed up, masked and begging for a nanny state



https://twitter.com/axios/status/1387736459306848257

JUST YOU WAIT

lol..."summer" for the people that are still left there.
04-29-2021 10:51 AM
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memtigbb Online
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RE: Economy Grows 6.4% 1st Quarter
I am sure those stimulus checks played a role. Give it a few months, by mid-summer we will know.
04-29-2021 11:26 AM
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BartlettTigerFan Offline
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RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 11:26 AM)memtigbb Wrote:  I am sure those stimulus checks played a role. Give it a few months, by mid-summer we will know.

Well I didn't get one so....
04-29-2021 11:29 AM
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CrimsonPhantom Offline
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RE: Economy Grows 6.4% 1st Quarter
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
04-29-2021 11:39 AM
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RobUCF Offline
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RE: Economy Grows 6.4% 1st Quarter
(04-29-2021 11:29 AM)BartlettTigerFan Wrote:  
(04-29-2021 11:26 AM)memtigbb Wrote:  I am sure those stimulus checks played a role. Give it a few months, by mid-summer we will know.

Well I didn't get one so....

You may need to get a little more creative on your tax returns.
04-29-2021 12:12 PM
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GoodOwl Offline
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RE: Economy Grows 6.4% 1st Quarter
(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.
04-29-2021 01:03 PM
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