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Originally Posted by RX792P
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The Bureau of Economic Analysis (BEA) on Thursday released its final reading of third quarter GDP, which showed the economy grew at an annualized rate of 4.4% in the three-month period including July, August and September.
That figure topped the expectations of economists polled by LSEG, who had estimated 3.3% GDP growth in the third quarter. It was also the fastest growth rate in two years.
The report also found that real GDP rose at an annualized rate of 3.8% in the second quarter. That followed a GDP contraction of 0.6% in the first quarter. Taken together, those three readings indicate the U.S. economy grew at a 2.5% annualized rate through the first three quarters of 2025.
The BEA said the rise in real GDP reflected a rise in consumer spending, exports, government spending and investment. Imports also declined in the third quarter.
"Compared to the second quarter, the acceleration in real GDP in the third quarter reflected upturns in investment, exports, and government spending, as well as an acceleration in consumer spending. Imports decreased less in the third quarter than in the second," the BEA said.
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a caveat..the increased consumer spending may involve both paying higher prices for the same goods and a strong bias toward the highest income brackets doing the spending rather than across the board consumer spending.
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Your "caveat" is nonsense. Your TDS is showing.
You're desperately searching for a fly in the ointment and failing to find one you can latch onto. (In fairness, other posters in this thread are doing the same.) Why can't you just relax and say we're enjoying exceptional economic growth, at least partly due to trump's policies, and let's talk about what lessons should be drawn from this good news?
Consumer spending (the largest component of GDP) is measured & reported in real terms. "Real" means the data is adjusted for inflation. If consumer spending grows by 7% in nominal terms while inflation is running at 3%, then consumer spending is expanding by 4% in real terms, i.e. AFTER stripping away the "higher prices for the same goods" aspect you cite in a lame & bogus effort to make the data look weaker. This is elementary Economics 101. You should know better. Nice try, I guess.
Then you go on to suggest the gains in consumer spending were driven by rich fucks - i.e. people in the "highest income brackets", which you don't bother to define - so this spending doesn't really do anything for the rest of us poor schmucks who are presumably being left behind in the Trump economic boomlet.
Ok... got a link in support of that claim, RX792P?
Please show me a study that finds consumer spending in 2025 was any less "across the board" than it was under Joe Biden's economy.
We'll wait.
