GDP growth rocks to 4.3% in Q3!!!

This following 3.8% in Q2

The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed.

U.S. gross domestic product, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. Economists polled by Dow Jones expect a gain of 3.2%. Consumer spending expanded by 3.5% in the third quarter after rising 2.5% in the second quarter.

But, but, but... Democrats say we are in a recession, which is defined as two consecutive quarters of negative GDP growth, when in fact we have had the two largest consecutive growth quarters that we have seen in some time. Many analysts are suggesting that our economy is due for some serious growth after lagging so long after the Covid recession was over. Some are even suggesting that 5% growth is a possibility.

We also saw trade stabilized in Q3. We had a -4.7% for imports and an 8.8% increase in exports. Boy, if I didn't now any better, I would say that the tariffs are working if we are importing nearly 5% less and exporting nearly 9% more. But hey, that is just my humble opinion.

So what are the liberals saying? Well they are suggesting that the numbers are fudged, of course. They are continuing to suggest incorrectly that inflation is still higher than wage growth, and they are citing more "polls" that suggest that people are claiming to be spending less (even as they are spending more). My favorite was a suggestion over on Political Wire that only the rich are doing well, and that the rest are actually in a recession.

Now it will take some time for people to come around to the reality that things are not as bad as the Democrats and media are trying to make it out to be. These sorts of numbers cannot really be ignored forever. People are spending money and that means that people have money to spend and that other people are going to make more money because people have money to spend. We already set records for Black Friday and Cyber Monday. This can become a vicious circle. You know, because it is vicious and a circle and it is vicious and a circle.

We are due for some serious growth after the horrible recovery we had post Covid. Let's hope we see it for the next several quarters.