Did a perma-Biden hater say something about Biden being bad for the economy?
U.S. economy expanded 2.9% last quarter in face of interest rates and recession fears
WASHINGTON (AP) — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
Thursday’s estimate from the Commerce Department showed that the nation’s gross domestic product — the broadest gauge of economic output — decelerated last quarter from the 3.2% annual growth rate it had posted from July through September. Most economists think the economy will slow further in the current quarter and slide into at least a mild recession by midyear.
The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
www.pbs.org
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Ever since this country got rid of Trump and his woefully bad handling of everything -- from tax cut for the wealthy, social inequity, the Covid epidemic the fallout from all of that, Biden managed to move this country out of the morass that Republicans created. First he was faced with rolling out the vaccines so that people could get back to work, then catching people who were falling into economic deprivation, then inflation, which has dropped from a high of around 9% and is now down to 6.5%. Despite the predictions of nay-sayers, through it all, we've seen jobs growth and an expanding economy.
Things aren't perfect but then again, considering the mess left behind by the past administration, Biden and his team have done a masterful job.
so suck it MAGA.