The first estimate of third quarter real GDP growth in the US was released yesterday. It showed the US economy expanded by an annualised rate of 4.9%. The Financial Times called this a “blistering pace that, not for the first time, defied gloomier predictions from economists.” US Treasury Secretary Janet Yellen commented that “It’s a good, strong number and it shows an economy that’s doing very well,” and she is “not expecting growth at that pace to continue, but we do have good, solid growth.”
US economy expanding?
Tag: credit card debt
ALL OUT FOR MARCH 18!
Peace in Ukraine! Say NO to Endless U.S. Wars! Fund People’s Needs, Not the War Machine!
On Saturday, March 18, people from all across the country will gather outside the White House in Washington, D.C., to demand an end to the war in Ukraine and all the endless wars the government is waging with our blood and our tax dollars.
ALL OUT FOR MARCH 18!
“Tsunami Of Shutoffs”: 20 Million US Homes Are Behind On Power Bills
At least 20 million households — or about 1 in 6 American homes — are behind on their power bills as soaring electricity prices spark what is said to be the worst-ever crisis in late utility payments, according to Bloomberg, citing data from the National Energy Assistance Directors Association (Neada).
“Tsunami Of Shutoffs”: 20 Million US Homes Are Behind On Power Bills
Video via Jimmy Dore
America Is Headed for Class Warfare + More
Nothing has revealed the class divide in the U.S. quite like runaway inflation and skyrocketing gas prices. But in addition to the economic impact the staggering incompetence of the Biden administration is having on the working class, there is a political one; it’s undeniably driving working class voters even further from the Democrats and toward the GOP.
America Is Headed for Class Warfare
Related:
“It’s just really hard to live”: Chicago workers describe impact of surging food and gas prices
Ms. Cat’s Chronicles 