Tag: American Economy

Commentary: The Next American Economy

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In few areas is economic policy’s inseparability from politics more manifest than in global trade. In the period immediately following ratification of the U.S. Constitution, for example, trade debates within the Washington Administration became quickly entangled with arguments about what should be America’s stance vis-à-vis the spreading global conflict between France and Britain in the French Revolution’s wake. Similarly, when Congress and the executive branch today develop or modify trade policy, whether in a liberalizing or protectionist direction, it inevitably has political ramifications for both America’s allies and its opponents in the world.

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GDP Bounces Back with 2.6 Percent Growth After Decline Earlier This Year

The Center Square

The U.S. Bureau of Economic Analysis released its quarterly Gross Domestic Product data Thursday which the economy grew in the third quarter of 2022 by 2.6% at an annualized rate.

“The increase in real GDP reflected increases in exports, consumer spending, nonresidential fixed investment, federal government spending, and state and local government spending, that were partly offset by decreases in residential fixed investment and private inventory investment,” BEA said.

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Another Obama Economist Joins Public Chorus of Voices Disparaging Biden’s Handling of Inflation

Connecticut Star Staff

Former Obama administration Treasury Secretary Steven Rattner is the latest high-profile Democrat to hit at the Biden administration’s handling of the U.S. economy.

In a “guest essay” for the New York Times on Thursday, Rattner criticized the president for the “talking points on inflation” he provided during a recent interview with NBC’s Lester Holt.

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Biden’s Average Approval Rating Drops Below 40 Percent

Connecticut Star Staff

President Joe Biden’s nationwide average job approval rating fell below 40% for the first time Thursday, multiple sources reported.

Biden’s mean approval rating sunk to 39.8% as of early Thursday, according to the Real Clear Politics average of major nationwide job performance polls. The figure is just 2.7 points above former President Donald Trump’s all-time low approval rating of 37.1% in December 2017, according to the Real Clear Politics average.

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Majority of Americans Say Their Finances Are Not Better Off Since Biden Took Office

The Center Square

A majority of Americans say they are not better off financially than they were a year ago, according to a new poll.

Gallup released the polling data Thursday showing that only 41% of Americans say they are financially better off than they were a year ago, when President Joe Biden took office.

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U.S. Economy Grew Faster Than Expected at the End of 2021

Connecticut Star Staff

The U.S. economy grew at a faster rate than was anticipated pace in the fourth quarter of 2021, benefiting from solid consumer demand before the slowdown caused by the Omicron coronavirus variant and supply chain disruptions.

U.S. Gross Domestic Product (GDP) grew 6.9% on a year-over-year basis in the fourth quarter of 2021, a 2.3% increase from the third quarter figure, the Commerce Department announced Thursday. Economists surveyed by The Wall Street Journal estimated that U.S. GDP would grow at a just 5.5% annual rate.

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