https://www.americanthinker.com/blog/2023/01/is_america_at_its_worst_economic_point_since_the_great_depression.html
Biden and the Democrats have been boasting about the economic wonders he and his administration have performed with their modernizing, equitable, diverse, green energy economic policies. However, E.J. Antoni, a research fellow at The Heritage Foundation’s Center for Data Analysis, says that the devil is in the details—and the details behind the latest GDP report show that ordinary Americans are in the worst economic condition they’ve been since the Great Depression.
RNC Research (a very good Twitter feed, despite the RNC’s dismal performance in other areas) assembled a few clips showing Biden’s economic boasts:
In Bidenland, economically speaking, everything is hunky-dory. And maybe that’s true because Biden’s family has become fabulously wealthy, as have all the people surrounding him. It’s a very rosy view from up there, in the Oval Office.
It’s less rosy where real people live. Writing at Fox Business, Antoni says that the Fed’s most recent GDP (“gross domestic product”) report contains within it terrible news about America’s flailing economy.
What Democrats like is that the report shows that the economy is still growing, albeit slowly: “The latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022.” However, despite some growth, says Antoni, “economic growth is slowing down.”