U.S. GDP Grows 2.6% in Third Quarter Driven by Energy Exports and Declining Goods Imports, While Domestic Economy Shrinks

 Third-quarter GDP at +2.6% looks good

• However, even a cursory look under the topline number shows how the import/export dynamic creates the illusion of economic growth.
• Import/export alone was enough to explain the entire gain in Q3 GDP and is a function of US support of the European war economy as the US exports record number of commodities (oil and gas) and weapons to Europe.

Main Street USA is suffering through the massive inflation that Joe Biden has created, and purchases of anything other than necessities have come to a near halt.

• When households evaluate their checkbooks, a Biden administration claim of a growing economy falls flat - because the only part of the economy that is growing is the part that fuels the energy needs of Europe.

https://theconservativetreehouse.com/blog/2022/10/27/u-s-gdp-grows-2-6-in-third-quarter-driven-by-energy-exports-and-declining-goods-imports-while-domestic-economy-shrinks/