ATLANTA FED REVISES U.S. GROWTH RATE

Written by on October 20, 2021


ATLANTA FED REVISES U.S. GROWTH RATE

By Peter Boykin – American Political Commentator / Citizen Journalist

Steve Cortes was President Trump’s economic advisor in the White House and is one of the smartest guys on social media. So I want to share some startling data he pointed out about our country’s forecast for economic growth. He tweeted new data from the Atlanta Federal Reserve:

“The Atlanta Fed’s “GDP Now” model just hit a new low for 3rd Quarter, now only 1.2% growth.

It was 6.3% pace in August!

Combined with the Biden Inflation surge, Stagflation is here, and portends a Biden Blue Christmas of shortages, price shocks, and angst.”

…I’m no economist like Steve Cortes, but if we went from 6.3% growth to 1.2% growth… That sounds bad. Especially coming out of a pandemic where we literally shut down the economy. Growth should be off the charts.

Is this what Joe Biden means by “Build Back Better”?

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