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Breaking News: The U.S. economy grew at a 2.9% annual rate in the fourth quarter, a solid pace that reflected the resilience of consumers and businesses.
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U.S. Economy Records Solid Growth
Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.
Economists who focused on core indicators were completely vindicated that economy from 2021-2022 was, in light of the twin catastrophes of COVID & Russian Invasion of Ukraine, a *miracle* of sustained & sustainable growth, transitory inflation partially offset by rising wages.
Mainstream Media who focused on Republican talking points were wrong, and mislead the American people into thinking we had a historically bad economy at a time we were actually experiencing an economic *miracle*
In short: Blue Lines Good, Red Lines Bad.