Trump’s allies this week hyped up newly released data showing that the US economy grew by more than 4% in the third quarter of 2025, but economists and journalists who dove into the report’s finer details found some troubling signs.

Ron Insana, a finance reporter and a former hedge fund manager, told MS Now‘s Stephanie Ruhle on Tuesday night that there is a “split economy” in which growth is being driven primarily by spending from the top 20% of income earners, whom he noted accounted for 63% of all spending in the economy.

  • BarneyPiccolo@lemmy.today
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    3 days ago

    I don’t believe ANYTHING that comes out of this administration. There is no way there was a 4% increase in the GDP, with over a month of data missing from a government shutdown. Why would anyone buy anything those criminal traitors claim?

  • some_guy@lemmy.sdf.org
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    4 days ago

    I honestly don’t have compassion for the shitbags who voted for him again and did this to themselves. Fuck 'em. They fucked us. I don’t care about them.

    • AA5B@lemmy.world
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      18 hours ago

      And if they believe they’re better off after 4% GDP growth, despite the direct impact of high prices, stagnant wages, rocketing health insurance premiums, then …. Well I guess we were already considering them morons so I don’t know where it goes from there

  • fonix232@fedia.io
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    4 days ago

    In other words, water still makes things wet, and bears still shit in the woods.