The American Economy is doing Great! (13)

From Axios:



The United States economy grew faster than any other large advanced economy last year — by a wide margin — and is on track to do so again in 2024.

Why it matters: America's outperformance is rooted in its distinctive structural strengths, policy choices, and some luck. It reflects a fundamental resilience in the world's largest economy that is easy to overlook amid the nation's problems.

By the numbers: U.S. GDP looks to have grown 2.5% in 2023, according to the IMF's hot-off-the-presses World Economic Outlook, the highest among the G7 economies (Japan was second at 1.9%).

IMF economists forecast similarly best-in-class growth this year, with 2.1% U.S. growth (second place: Canada at 1.4%).

The USA has done better, by a wide margin, than any industrialized nation in 2023, and projected to outpace
the world economy in 2024. Americans 'feel' like the economy isn't working for them and that the government could do much more to improve their daily lives. What is the disconnect?

The past three years the media pundits have been telling us that we will have a recession; that inflation is squeezing average Americans; and that we are heading in the wrong direction. Wrong; Wrong and Wrong!
The economy does not care how people 'feel'. The economy is based on thousands of logical decisions made every day to produce FACTS that show improvements in everything sector of the economic system. The rhetoric spewed by right wing news sources have ignored the progress made and how the USA compares to the rest of the world.

The US free market system does not work in a vacuum. Supply chains; shipping costs; labor costs and manufactured goods reflect pressures across the globe. No president; no political party; and no individual person anywhere can impact the economic factors that have created today’s economic picture.

The success of the American economy can be attributed to the American people who have made good choices during hard times, and spent their hard earned dollars on goods and services they need and want.

Thank you Joe Biden for staying out of the way of the American people!!

We can do better with fewer regulations and brandon out of the White House.

We..says the guy who can't find a thing wrong with the economy - but dislikes the guy in the White House.

News Flash: The President of the United States has very little to do with the economic situation in the United States.

The FACT that the American economy is booming (facts: Stock market at an all-time high; unemployment at a 60 year low; corporate earnings at an all-time high; GDP at 3%; Inflation at 3%).

The FACT that you have a different opinion begs the question:

What economy are you living in?

The American Stock Market reached historic milestones this week:

1. The Standard and Poor 500 reached an historic 5000 points resting at 5026.

2. NASDAQ - the tech heavy indicator - reached an historic high of 16,007, resting at day's end at 15,990.

3. The Dow Jones Industrial Average has increased 4800 points the past year to a record high of 38671.

The stock market is not the economy. In fact, it is a predictor of the economy six months from now. If you want good times and prosperity to continue - the blame for this economic performance is clear:

Thank you Joe Biden!

the last quarter lies about "job creation" have already been cut by about 124,000 jobs.

they also mention the fact that expansion of government and the medical fields costs us even more tax dollars. lie about the economy all they want. actual pay has been cut by roughly 5% and expenses increased by about 18%.

no gains. we're heading into bankruptcy if we can't get those financial distaers out of places they never deserved.

we won't even get into the hikes they want and how many trillions it's going to cost us if it isn't stopped.