GDP Archives - The American Spectator | USA News and Politics
by | Mar 25, 2023

Breitbart’s John Carney reads into the Federal Reserve’s “Summary of Economic Projections” its anticipation of a coming contraction. Given the healthy growth likely experienced in the first quarter, a prediction of .4 percent growth for 2023 likely means, according to…

by | Feb 16, 2023

California — uh, make that Florida — here I come. Sorry, Billy Joel. The number of people in a “New York state of mind” has dwindled down, in the words of the song, to a precious few. The ranks of…

by | Aug 30, 2022

Sen. Elizabeth Warren described herself on CNN Sunday as “very worried” that the economy may fall into “recession.” She did not also share her fears of a Simon & Garfunkel breakup or predict the Johnstown Flood. The U.S. gross domestic…

by | Jul 28, 2022

TWIL: What everybody thought constituted a recession no longer does. The Bureau of Economic Analysis announced that gross domestic product (GDP) fell by 0.9 percent in the second quarter. This follows a 1.6 percent contraction in the first quarter. Recession,…

by | Mar 31, 2022

When future historians look back on American industrial history, the fact that not one of the original 12 components of the Dow — American Cotton Oil, American Sugar, American Tobacco, Chicago Gas, Distilling & Cattle Feeding, General Electric, Laclede Gas,…

by | Jun 3, 2021

Some emergencies require an increase in government spending, but that comes with an understanding that the higher levels of spending are unusual and will not be sustained. Unfortunately, this understanding seems to be lost on the Biden administration. Exhibit A…

by | Mar 24, 2021

Since the pandemic began early last year, the federal government has passed three stimulus packages totaling $5.15 trillion: including $2.35 trillion in March/April 2020; $900 billion in December 2020; and $1.9 trillion in March 2021 (the American Rescue Plan Act…

by | Feb 18, 2021

Stocks have surged, not despite coronavirus but because of government responses to it. While many paint these stock gains as amoral reactions, they are rather straightforward market responses to government actions that have spiked national saving but limited its use….

by | Dec 10, 2020

The late historian Barbara Tuchman, in her work The March of Folly, chronicles how governments throughout history have regularly and repeatedly pursued policies contrary to their self-interest. Looking as far back as the ancient Trojans, who imprudently took the wooden…

by | Oct 28, 2020

Biden is dangerously confused about China and Russia. I am not talking about Biden’s confusion about the countries’ names, which, given his tendency to forget and mix up simple facts, is entirely possible. Behind recent statements from Biden about China…

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