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As Rep. Don Beyer (D-VA08) says:
Bidenomics in action:
— Wages rising
— Inflation falling sharply
— Record job creation
— Record small business applications
— Manufacturing jobs boom
— All-time low unemployment in many states
— Consumer sentiment strong
GDP data today: US economic growth “blowing past estimates”
In sum, as usual, Republican presidents f*** things up, then Democratic presidents come in and get things back on track again. Better idea: how about we stop repeating this cycle, and instead just stick with Democratic presidents?!?
Just In: The US economy grew 2.4% in the second quarter – that’s BETTER than expected and an acceleration from +2% in Q1.
Consumer spending and business investment helped keep the economy humming. pic.twitter.com/pwnujS69r8
— Heather Long (@byHeatherLong) July 27, 2023
No signs of a recession for the US economy.
-2.4% GDP growth in Q2 –>Beating expectations
-Solid consumer spending (tho slower than Q1)
-Nice pickup in biz investment (outside of housing)
-Slowing gov’t spending (tho still a help)https://t.co/6sw3oNSJxE— Heather Long (@byHeatherLong) July 27, 2023
Substantially larger GDP growth for Q2 than was expected, this is fantastic news https://t.co/nW1mnXb9Ya
— Aaron Fritschner (@Fritschner) July 27, 2023
