3.4 Percent Growth Isn’t Historic; Republicans Overhype GDP to Glorify Trump’s Economy
Populist 'people vs elites' messaging & strongman style
Officials trumpet a 3.4 % quarterly GDP figure as record-shattering evidence that Trump has attracted “more investment than any president in history.” While solid, that rate is not unprecedented; the exaggeration turns routine data into myth-building for the leader.
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Consumer spending went up because prices went up...paying more for the same items does drive the base GDP up, but it doesn't mean the economy is better...its just means consumers are more broke now than they were two months ago. Gaslighting 101....the economy gains 3.8%....(inflation increased 3.8%....consumers spent 3.8% more)
Wait, didn't Obama say the days of 2% or higher growth are gone? 🤔🤔🤔