July 30, 2025
Roses are Red
Timothy Birdnow
The U.S. economy grew 3% in the last quarter, upsetting the alarmist predictions of many economists.
Joe Biden enjoyed an average GDP growth rate of 3.2%, but one must remember that he was starting with a low baseline due to the Covid shutdown of the economy. There was no way Biden would NOT have had a good growth rate. But it wasn't real growth, just a return to what had been before the economy was shut down. And it primarily profited illegal aliens and high dollar investors. What Trump has done is jump-start the economy while raising tariffs, and in the process he's seen a surplus in tax dollars. And he did so while adding 177,000 jobs during the first quarter. Oh, and inflation has slowed to a crawl at 2.3%.
Everything's coming up roses for America these days. Naturally the media will say it all sucks.
The U.S. economy grew 3% in the last quarter, upsetting the alarmist predictions of many economists.
Joe Biden enjoyed an average GDP growth rate of 3.2%, but one must remember that he was starting with a low baseline due to the Covid shutdown of the economy. There was no way Biden would NOT have had a good growth rate. But it wasn't real growth, just a return to what had been before the economy was shut down. And it primarily profited illegal aliens and high dollar investors. What Trump has done is jump-start the economy while raising tariffs, and in the process he's seen a surplus in tax dollars. And he did so while adding 177,000 jobs during the first quarter. Oh, and inflation has slowed to a crawl at 2.3%.
Everything's coming up roses for America these days. Naturally the media will say it all sucks.
Posted by: Timothy Birdnow at
07:30 AM
| Comments (3)
| Add Comment
Post contains 152 words, total size 1 kb.
1
I do not know at what rate the economy grew in the last quarter. I do know that the Commerce Department says it grew at a seasonally adjusted annual rate of 3%. "Seasonally adjusted" could mean anything or nothing, and an "annual rate" means that "if it continues all year it will be 3% but we are already predicting that it won't continue all year, so enjoy the 3%." In similar manner they tell us that a bill will save $X in the next 10 years, which is not valid, because Congress only lasts for one year and can therefor only budget for one year. One Congress cannot tell subsequent Congress what to do, so these multi-year programs are pure fiction.
Posted by: Bill H at July 30, 2025 09:32 AM (FRG6e)
2
Fair enough Bill. But the growth is just one more piece of a larger economic puzzle and most indicators suggest robust growth.
Posted by: Timothy Birdnow at July 31, 2025 06:17 AM (AauBe)
3
Of course you're right in that Congress may well kill the gold egg-laying goose with some act of stupidity. They've done it before.
Posted by: Timothy Birdnow at July 31, 2025 06:18 AM (AauBe)
23kb generated in CPU 0.0084, elapsed 0.1831 seconds.
37 queries taking 0.1778 seconds, 184 records returned.
Powered by Minx 1.1.6c-pink.
37 queries taking 0.1778 seconds, 184 records returned.
Powered by Minx 1.1.6c-pink.
