GDP growth last year was 2.5%. That’s a nice number! But also almost exactly the long-term average. The idea that it’s the “best economy in decades” is straight-up misinformation. t.co/yhkDWtBpj5
— Nate Silver (@NateSilver538) October 6, 2024
Back out government borrowing from the GDP calculation and the story is completely different.
And the inflation adjusted numbers would show a contracting economy.
And that’s before we get to the government lying about the statistics it’s generating.
h/t Glenn
