David RothschildBreaking 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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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*
Douglas Michael Massing@DavMicRot
Footnote: The decline at the beginning of Obama’s first term was driven in large part by Republicans’ sustained efforts to slash government employment. There was a months-long stretch where private employment was increasing, and net employment was being dragged down by the gutting of government.
Footnote: The decline at the beginning of Obama’s first term was driven in large part by Republicans’ sustained efforts to slash government employment. There was a months-long stretch where private employment was increasing, and net employment was being dragged down by the gutting of government.