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White House: We’re OK with Slower GDP Report, ‘Underlying Economy Is Solid as Ever’
Breitbart ^ | 04/26/2024 | IAN HANCHETT

Posted on 04/26/2024 7:04:56 AM PDT by ChicagoConservative27

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that the White House is okay with the latest GDP report, “especially once you get under the hood, you take out some of those more volatile components, consumer spending and investment look great.” And “the underlying economy is solid as ever.”

Guest host Edward Lawrence asked, “When you dig into this GDP report…you find that the first quarter personal consumption grew at 2.5%, the non-defense government spending grew at 0.3%, but if you look back to the fourth quarter, non-defense government spending grew at 4.8%. So, government spending, was that driving the GDP? Is there a correlation there?”

(Excerpt) Read more at breitbart.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: ecomony; gdp; report; slower
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To: ChicagoConservative27

White House: We’re OK with Slower GDP Report, ‘Underlying Economy Is Solid as Ever’

_______________________________________________________

It’s always fun to watch politicians take credit for laying more burdens on honest, law-abiding US citizens.


21 posted on 04/26/2024 7:37:23 AM PDT by Bishop_Malachi (Liberal Socialism - A philosophy which advocates spreading a low standard of living equally.)
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To: ChicagoConservative27

Bidenomics: whatever we do is OK


22 posted on 04/26/2024 7:38:45 AM PDT by Freeleesy
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To: ChicagoConservative27

investment with taxpayer dollars is higher than ever and is being wasted on green energy.


23 posted on 04/26/2024 7:42:45 AM PDT by Jonny7797
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To: ChicagoConservative27

Summer driving season gonna be a train wreck.....he’ll tap the SPR again to try to manipulate prices....it wont work.


24 posted on 04/26/2024 7:43:14 AM PDT by wardamneagle
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To: ChicagoConservative27
What's next? Their own on-line 4.5 star ratings?

Oh wait! They have been doing that for years.. never mind.

25 posted on 04/26/2024 7:44:48 AM PDT by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: ChicagoConservative27

China and Russia’s GDP is higher…..a look into the future. Thanks Joe!


26 posted on 04/26/2024 8:23:12 AM PDT by delta7
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To: Red Badger

This Jared Bernstein will gaslight until the cows come home. I’ve seen him on shows prior and he just spews the same pro-Xiden bullshit AND HE NEVER GETS SERIOUSLY QUESTIONED!!!


27 posted on 04/26/2024 8:29:04 AM PDT by Smber (The smallest minority is the individual. Get the government off my back.)
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To: All

We, the people dont give a fig about what you think,
.......the most important thing is what WE think.


28 posted on 04/26/2024 8:35:07 AM PDT by Liz (This then is how we should pray: Our Father who art in heaven, Hallowed be thy name. )
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To: ChicagoConservative27

Pedo Joe is starting to sound like Baghdad Bob!


29 posted on 04/26/2024 8:56:24 AM PDT by TexasFreeper2009
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To: ChicagoConservative27

Yes, Virginia:

That’s ‘rain’ you feel.

/s


30 posted on 04/26/2024 1:18:29 PM PDT by logi_cal869 (-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
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To: pas

In my best Monty Burns,, “Excellent”.


31 posted on 04/26/2024 1:25:29 PM PDT by Fledermaus (Is it me, or all of a sudden have the buried trolls come out on FR like cicadas? It's all noise.)
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To: ProtectOurFreedom

i liked that guy, and joe isuzu too.

I considered it performance art.

Later there was Rumsfeld who was also very good


32 posted on 04/26/2024 7:04:40 PM PDT by algore
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To: ChicagoConservative27

There really is gas. Laughing gas.


33 posted on 04/27/2024 2:09:08 PM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: wardamneagle

Is there a study of the effect BiXiden’s draining of the SPR actually had on US gas prices or world wide Crude prices?


34 posted on 04/28/2024 5:06:58 PM PDT by Paladin2
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To: Mouton

I think the P/E ratio of NVIDIA seems high compared to historical data on the market.


35 posted on 04/28/2024 5:08:59 PM PDT by Paladin2
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To: Paladin2

Not that I’m aware of. But I read Phil Flynn’s daily energy report and he comments on the SPR status and Biden constantly.

https://blog.pricegroup.com/author/philflynn/


36 posted on 04/28/2024 5:29:13 PM PDT by wardamneagle
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To: wardamneagle

Thanks for the link.

I thought that, in theory, “the draining” would have an effect that would be so small as to be difficult to measure.


37 posted on 04/28/2024 5:34:54 PM PDT by Paladin2
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