New economic numbers are now showing that the Biden economy has slowed down significantly in recent months, clocking in at only two percent growth in the third quarter of the year.
As CNBC reports:
The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, 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.
Declines in residential fixed investment and federal government spending helped hold back gains, as did a surge in the U.S. trade deficit, which widened to a near-record $73.3 billion in August.
In the midst of the economic slowdown and concerns over rising inflation Biden is still trying to pass his massive reconciliation bill, the latest of which calls for 1.85 trillion dollars in spending.
Joe’s picked his Holloween costume…The Grim Reaper. ‘Never thought I’d be quoting Obama, but he was right when he said, “If there is a way, Joe will find it to F it up.” And he took a perfectly great running country from Trump and ran it into the ground. FJB
F your ugly little daughter.
The one with the MAGAAots in her Trump grab hole.
Is that all you’ve got? You can’t tell us what wonderful things Biden is doing? You poor little troll. Does your mommy know you are playing on the computer again?
poor albert another coward dem that is so stupid he votes for a know liar that had done nothing his whole useless life. Biden is a racist and you are, I bet, a blm supporter.. How funny you’re one of the cowards that would run behind mommy peeing in your pants if you had to actually face someone that had any knowledge in back of him much less you be in a potential violent confrontation. I have a hard time with chicken shits like you, with no factual reply opening your mouth and showing what a total idiot your are…
I agree, but I also think Biden is Obamas puppet.
No obama was the super rich people puppet, along with him bowing to China and muslims (hell obama is a muslim) and biden is the same. Neither have any idea of how to run a bathroom. Biden can’t wipe his own ass. My only hope is the reps actually take control and then investigate everyone, not just their enemies and they prosecute all of these corupt politicians. Tha will never happen because all of these politicians protect each other as can be obviously seen. SO.. the reps say better things now but will they actually fulfill? This has been a big “dog and pony show” for many years
I pray every day for Biden’s failures.
Destroy our economy.
Bring Trump back.
sorry biden will fail because of his bosses policies b ut… I don’t want to see the US go down… i wan to see people get smart and see pedo, racist, a perpetual lying, corrupt biden lose everything and end up in jail at a minimum. I do not wish harm to America. Don’t sound like the dems when trump was in office as we are better… I hope
You are not.
Remember that everything stolen turns to crap
Senile Joe Biden is a corrupt Democrap Putz!
Lets go Brandon!
He is following his good buddy Barack Obama who had the worst recover in the history of this country from one of the worst economic times in this country. Biden will preside over the cratering of the economy now with the assistance of a leftist media that helped put this disaster in office. If you are poor or middle class and you voted for Biden you are about to find out why that was a mistake, and good luck to you because you are going to need it!