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: US Economy
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, meanwhile…
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says
“America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia,” Yellen said, adding that the U.S. economy is doing “extremely well.”
“Inflation has been high and it’s been a concern to households, it’s come down considerably. At the same time, we have about the strongest labor market we’ve seen in 50 years with 3.8% unemployment. And at the same time, America, the Biden administration, has passed legislation that is strengthening our economy in years to come for the medium term.”
Related:
Ticking Time-Bomb: Food Inflation Is Crushing Millions Of Low Income Americans (archived)
And so the debate circles round and round. The US, the “most wealthy nation on the planet”, has a food security problem and is on the verge of an inflationary calamity for millions of low income citizens, all while it spends hundreds of billions of dollars on pointless climate change programs, diversity and inclusion initiatives and proxy wars. Something has to give, and the chances are growing that it will be the American consumer.
U.S. Economy Is SINKING: RECORD Numbers of Americans Work 2 Full Time Jobs As Delinquencies RISE
Sidelined on UAW strikes, Biden White House talks economic aid
WASHINGTON, Sept 19 (Reuters) – As the UAW strike enters its fifth day, the Biden administration is hobbled by a lack of legal authority to steer the talks and difficulty in figuring out UAW President Shawn Fain’s negotiating strategy and leadership style, three sources said.
Sidelined on UAW strikes, Biden White House talks economic aid
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
The US economy isn’t in the clear just yet because of the triple threat posed by rising oil prices, the dollar, and the Federal Reserve, according to Bank of America.
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
Welfare Queens and Welfare Fraud
The Rise and Reign of the Welfare Queen
Researcher links government assistance program to much earlier origins of welfare stereotypes
How Bill Clinton’s Welfare Reform Changed America
But based on several studies of TANF and its beneficiaries, “it barely reaches even the poorest Americans, and has all but ceased doing the work of lifting people out of poverty,” according to the Atlantic. “‘Welfare reform’ didn’t fix welfare so much as destroy it, and if similar changes were applied to Medicaid and food stamps, they would likely do the same.”
Americans believe benefits fraud is common for SNAP
Experts say that deliberate SNAP fraud is uncommon because of the rigorous application process and multi-step eligibility review. In 2016, the Congressional Research Service determined that for every 10,000 households participating in SNAP, about 14 contained a recipient who was investigated and determined to have committed fraud.
Who Is Really Responsible for Welfare Fraud?
In other words, don’t take a single example or casual observation of welfare fraud and claim it represents the tens of millions of poor who receive welfare benefits.
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While welfare fraud committed by the poor appears to be low, the federal government has long recognized businesses being the true criminals.
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While these are some of the better known examples of large scale welfare fraud, they are not the only ones. The above cases alone represent over $25 Billion in welfare fraud recovery. The criminals having the greatest impact committing welfare fraud against the government are not the poor, but the privately owned businesses that take advantage of them.
Brett Favre Is The Welfare Queen Republicans Warned Us About
Updates:
Biggest Perpetrators of Welfare Fraud Are Private Companies, Not ‘Welfare Queens’
National Survey Data Shows Nearly 3 Out Of Every 4 Chinese Americans Have Experienced Racial Discrimination In The Past 12 Months
New York, NY (August 2, 2023) – After releasing its executive summary in April, Columbia University’s School of Social Work, one of the world’s leading research universities, and Committee of 100, a non-profit membership organization of prominent Chinese Americans, today announced that the full report “The Fight for Representation: The State of Chinese Americans 2022” is now available.
National Survey Data Shows Nearly 3 Out Of Every 4 Chinese Americans Have Experienced Racial Discrimination In The Past 12 Months
Americans must unite to reject 21st Century ‘alien land laws’
Americans must unite to reject 21st Century ‘alien land laws’
Now, taking a page from DeSantis, Congress is considering inserting an amendment into the National Defense Authorization Act that would ban visa holders from targeted countries from making certain agricultural purchases. These restrictions would apply to all 50 states, and be based solely on national heritage. This is wrong and legislators must reject it.
Related:
Banning foreign ownership of land doesn’t protect US. It just scapegoats Asian Americans.
The derangement of the American mind
America is out of control, and is the main threat to the world’s peace, security and civilizations.
The derangement of the American mind
A Memorial Day Message From a Former US Marine
It’s Memorial Day and Americans are out barbequing, having a few beers, and spending time with their loved ones; they are celebrating to honor the fallen warriors who have died to protect our nation, our freedoms, and our way of life.
A Memorial Day Message From a Former US Marine
Ms. Cat’s Chronicles 
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