Dark Brandon: Recession Slayer! My god, it’s almost like President Biden knows what he’s doing or something—like all those years of public service as a senator and vice president gave him knowledge, perspective, experience, and the managerial chops to capably lead our nation where others have failed. This is why the other countries (and the American MAGA-Russia party) remain jealous of us:
The economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday.
Dark Brandon is in yer United States fixin’ yer economy.
Gross domestic product, a measure of all the goods and services produced, increased at a 3.3% annualized rate in the fourth quarter of 2023, according to data adjusted seasonally and for inflation.
That compared with the Wall Street consensus estimate for a gain of 2% in the final three months of the year. The third quarter grew at a 4.9% pace. […]
The U.S. economy for all of 2023 accelerated at a 2.5% annualized pace, well ahead of the Wall Street outlook at the beginning of the year for few if any gains and better than the 1.9% increase in 2022.
And on the jobs front, unemployment claims remain the lowest since 1970.
14.8 million new jobs.
Unemployment below 4% for two full years.
Wages, wealth, and employment are higher than before the pandemic.
It’s called Bidenomics.
Amazingly, none of the newly-unemployed included incompetent economic forecasters or hack cartoon propagandists.
Dark Brandon: Recession Slayer! My god, it’s almost like President Biden knows what he’s doing or something—like all those years of public service as a senator and vice president gave him knowledge, perspective, experience, and the managerial chops to capably lead our nation where others have failed. This is why the other countries (and the American MAGA-Russia party) remain jealous of us:
The economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday.
Dark Brandon is in yer United States fixin’ yer economy.
Gross domestic product, a measure of all the goods and services produced, increased at a 3.3% annualized rate in the fourth quarter of 2023, according to data adjusted seasonally and for inflation.
That compared with the Wall Street consensus estimate for a gain of 2% in the final three months of the year. The third quarter grew at a 4.9% pace. […]
The U.S. economy for all of 2023 accelerated at a 2.5% annualized pace, well ahead of the Wall Street outlook at the beginning of the year for few if any gains and better than the 1.9% increase in 2022.
And on the jobs front, unemployment claims remain the lowest since 1970.
14.8 million new jobs.
Unemployment below 4% for two full years.
Wages, wealth, and employment are higher than before the pandemic.
It’s called Bidenomics.
Amazingly, none of the newly-unemployed included incompetent economic forecasters or hack cartoon propagandists.