Tag: gross domestic product

U.S. GDP rocketed up to 4.1 percent in Q2, a rise far outpacing the Q1 2.2 percent. The rise is the fastest since 2014, according to reports.

The American economy grew slightly less than initially estimated in the first three-months of 2018, the Commerce Department said Wednesday.

A lower than expected retail sales number Wednesday has many economists revising down their forecast of first quarter gross domestic product.

Consumer spending and business equipment investment accelerated but trade and inventories dragged down overall economic growth.

The International Monetary Fund said the U.S. would grow faster than expected thanks to President-elect Donald Trump’s plans to cut taxes and increase spending on infrastructure.

During the 2016 election, both candidates promised to bring manufacturing back to the U.S.

Fiscal analysis by FreedomWorks, the Washington-based organizing and logistics hub for Tea Party and conservative activists across the country, revealed that Hillary R. Clinton’s tax and spend proposal will drag the economy and generate $2.153 trillion in new federal debt over a 10-year projection.

The City of Houston appears to be following the path of the nation of Greece in terms of financial ruin. News sources daily are keeping us appraised of the continuing Greek debt crisis. Greece has a debt of 170% of their Gross National Product.

Another way to interpret this perpetual excuse-making about cold winters and unpredictable variables is that Obama’s central-planning gurus didn’t leave the free-market economy with enough strength and freedom of action to deal with setbacks. The crushing burden of carrying our insanely expensive, corrupt, incompetent central government leaves businesses with insufficient capital and limited options to either exploit opportunity, or prepare for reversals.