BuffaloTN
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Another giant turd of a GDP report
Way to go Brandon!!
https://www.cnbc.com/2021/10/28/us-gross...imate.html
The rate of growth for the U.S. economy slowed to its fastest pandemic-era pace in the third quarter, the Commerce Department reported Thursday.
Gross domestic product, a sum of all the goods and services produced, grew at a 2.0% annualized pace in the third quarter, according to the department’s first estimate released Thursday. Economists surveyed by Dow Jones had been looking for a 2.8% reading.
That marked the slowest GDP gain since the 31.2% plunge in the second quarter of 2020, which encompassed the period during which Covid-19 morphed into a global pandemic that resulted in a severe economic shutdown that sent tens of millions to the unemployment lines and put a chokehold on activity across the country.
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10-28-2021 07:53 AM |
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UofMstateU
Legend
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RE: Another giant turd of a GDP report
That confirms that a recession is underway. Captain CrappyPants can only pull off a 2% growth over a prior year that saw a large chunk of the country that was still shutdown.
#LetsGoBrandon!
#BilledBackBetter
#CackleCackleCackle
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10-28-2021 07:56 AM |
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MemTigers1998
Hall of Famer
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RE: Another giant turd of a GDP report
Come on, man! It’s Trumps fault. The redheaded bimbo of misinformation will be out later today to tell us what a mess Biden* inherited and completely ignore that the senile fuktard said be “had a plan” for everything.
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10-28-2021 07:57 AM |
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