Economy’s 4Q performance downgraded sharply from initial estimate

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12 Comments

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    1. The Republican base doesn’t care about the economy, they only pretend to when a dem is in office. They’re more than happy to take the red meat identity politics that republicans dangle in front of them. Who cares about the economy as long as the libs are getting owned right?

    2. Micheal N.
      lol….You really think those idiots on the Dem side would be any better for the economy????

      Anyone really believe Bernie Sanders,
      Elizabeth Warren, Omar, AOC, Presley
      or any other of those leftwing halfwits
      understand how the economy works???
      Look at the economies of Dem Illinois, New York, New Jersey and others compared to Texas, Florida, South Carolina, Tennessee, etc..,..

      An enormous amount of economic investment has been pledged.

      That said, Trump pushes the limits and should be pulled back at times.
      An example, would be all the tariffs.

    3. Look at the number corporations that pulled their headquarters out of Dem controlled states and relocated them to Republican controlled states.

      Chicago alone had four major corporations pull out of downtown Chicago for greener pastures in Red States just two years ago.

      New Jersey will probably lose Exxon Mobil to Texas. They had been in NJ since the 1890’s

      Several major corporations have left California for the last few years.

      Where do you think the major financial institutions expand their operations?? It’s in the red states.

      And that’s just the tip of the iceberg list of companies that have left Blue states for Red states.

      Look where all the manufacturing has went and still is going. Going to Red states primarily in the American South.

    4. Dems fall on the wrong side of the issues a lot.

      That said, it does not excuse the R’s for not pushing back against Trump
      when he is wrong.

    5. Keith I’m begging you to Google how California’s GDP compares to other entire COUNTRIES in the world rankings. Turn off the Laura Loomer show and travel a lil bit.

    6. Keith B, ExxonMobil has been headquartered in Texas since 1989, first in Irving and now outside Houston.

      Changing their state of incorporation is not the same thing…for instance, many companies are incorporated in Delaware but the only big company with its HQ actually there is DuPont.

    7. And Keith, 4 years of Biden was better for the stock market than the first term of 45/47 using the S&P 500 as a guide.

    8. Chris B.

      Agreed that many corporations have their charters in states that they have minimal activity. Delaware is a prime example.

      But that doesn’t change the fact that many corporations have moved their headquarters and operations from Blue states to Red states.The examples I listed are just the tip of the iceberg. With an occasional exception such as Exxon Mobil that you pointed out.

      The markets were doing quite well until very recently.

      Also,The markets were already rebounding before Biden took office once the COVID crisis passed. The markets had no place to go up as the economy was recovering. The vaccines that were developed during the Trump Administration facilitated reopening up our schools, businesses, and overall economy.

      There were some things that the Biden Administration did that did benefited the economy such as the CHIPS Act.

      There are things that Trump has done that I don’t like. I think Republicans should have pushed back.

      However, the vast majority of the R’s come from very strong business backgrounds. Owning and managing operations, a background that the vast majority of Dems don’t have.
      That difference does make a difference.

  1. Response from the White House stated it is fake news ssthis is the greatest economy ever and those responsible for the report should by prosecuted. Film at 11.

  2. The White House got the headline that it needed at the end of the 4th quarter. The economy is doing great! Only a small minority will notice the revision.

    It’s like everything else with this admistration. Something big is announced and few months later, it doesn’t happen becuase (you pick one), it’s not legal,, it’s not possible, or somebody just changed thier mnd. Nobody remembers that. What they remember is this president “gets stuff done”.

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