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Yikes: GDP Showing Ominous Warning Sign Not Seen Since the Great Depression

Yikes: GDP Showing Ominous Warning Sign Not Seen Since the Great Depression

by Red State
January 29, 2023
in Aggregated, Opinions

AP Photo/Manuel Balce Ceneta Joe Biden keeps bragging about his “economic plan working.” Now, it’s not even clear what that “plan” entails — except perhaps everything going up in price under Biden. But if “working” means crushing the American people, it certainly has been doing that.

Economic growth is slowing, residential investment is in the sewer because Americans can no longer afford the higher cost of the home, plus the high interest rates, when their real wages are already falling. The labor participation rate is still lower than before the pandemic

But perhaps most troubling is the GDP report showing the […]

Article Source: redstate.com

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