Economic growth in the third quarter was a meager 2%, the Commerce Department reported Thursday, the most feeble increase of the pandemic recovery.
The economy grew 33.8% in the third quarter last year, after two straight quarters of GDP losses due to ill-advised lockdown policies.
It grew 4.5% in the fourth quarter, and 6.3% in the first quarter of 2021, when Trump economic policies were still in effect.
A healthy 6.7% increase followed in the second quarter, but now that Biden's economic policies have had a few months to stew, the economy looks to have a case of sclerosis.
One of the more common beliefs among Americans is that a stock market crash caused by greedy investors brought on the Great Depression.
A close look at the history shows that the markets watched, and reacted to, Washington's actions in the months leading up to Black Tuesday - Oct. 29, 1929.
The market rallied and fell, as did industrial production, depending on how events were perceived.
https://issuesinsights.com/2021/10/29/bidenomics-build-back-better-blunder/
No comments:
Post a Comment