Photo by Gage Skidmore

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.


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jjofaz
jjofaz
1 month ago

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

Albert Hess
Albert Hess
1 month ago
Reply to  jjofaz

F your ugly little daughter.
The one with the MAGAAots in her Trump grab hole.

M Tupps
M Tupps
1 month ago
Reply to  Albert Hess

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?

Pawn
Pawn
1 month ago
Reply to  Albert Hess

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…

M Tupps
M Tupps
1 month ago
Reply to  jjofaz

I agree, but I also think Biden is Obamas puppet.

Pawn
Pawn
1 month ago
Reply to  M Tupps

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

Albert Hess
Albert Hess
1 month ago

I pray every day for Biden’s failures.
Destroy our economy.
Bring Trump back.

Pawn
Pawn
1 month ago
Reply to  Albert Hess

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

Albert Hess
Albert Hess
1 month ago
Reply to  Pawn

You are not.

Dan
Dan
1 month ago

Remember that everything stolen turns to crap