{"id":1027877,"date":"2023-10-26T19:52:11","date_gmt":"2023-10-26T19:52:11","guid":{"rendered":"https:\/\/democrats.org\/?p=1027877"},"modified":"2023-10-26T19:52:11","modified_gmt":"2023-10-26T19:52:11","slug":"what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/","title":{"rendered":"What They Are Saying: Historic GDP Numbers Highlight Bidenomics in Action"},"content":{"rendered":"\n<p>Today, the U.S. Bureau of Economic Analysis <a href=\"https:\/\/www.bea.gov\/news\/2023\/gross-domestic-product-third-quarter-2023-advance-estimate\">announced<\/a> that real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, reflecting the strength of Bidenomics as it spurs remarkable economic growth nationwide.<\/p>\n\n\n\n<p><em>Here\u2019s what they\u2019re saying about Bidenomics delivering historic results \u2026&nbsp;<\/em><\/p>\n\n\n\n<p><strong>Tweets:<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/ewallwice\/status\/1717524943745794487?s=46&amp;t=AS_9Em6lWUsoQ0WyLZq4ig\"><strong>@EwallWice<\/strong><\/a><strong>:<\/strong> \u201cSo US GDP soared to 4.9% in Q3!<\/p>\n\n\n\n<p>Up from 2.1% in Q2<\/p>\n\n\n\n<p>Not too great for the whole \u2018the economy is bad\u2019 narrative\u2026\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/JStein_WaPo\/status\/1717522853740830859?s=20\"><strong>@JStein_WaPo<\/strong><\/a><strong>:<\/strong> \u201cNew report from Treasury touts US economic boom <a href=\"https:\/\/home.treasury.gov\/news\/featured-stories\/the-us-economy-in-global-context\">https:\/\/home.treasury.gov\/news\/featured-stories\/the-us-economy-in-global-context<\/a>\u201d&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/byHeatherLong\/status\/1717519421466448075?s=20\"><strong>@byHeatherLong<\/strong><\/a>: \u201cJUST IN: US GDP soared to a blockbuster 4.9% in Q3. That\u2019s the highest since the end of 2021 and a big uptick from 2.1% in Q2.<\/p>\n\n\n\n<p>Strong consumer spending and gov\u2019t spending drove the growth.<\/p>\n\n\n\n<p>Bottom line: No recession in sight.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/RepGwenMoore\/status\/1717545207632208202?s=20\"><strong>@RepGwenMoore<\/strong><\/a>: \u201cUnder President Biden&#8217;s leadership, we&#8217;re witnessing unprecedented economic recovery and growth. Job creation is soaring, businesses are thriving, and opportunities are expanding for everyone. #Bidenomics\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/JustinWolfers\/status\/1717531949256819108?s=20\"><strong>@JustinWolfers<\/strong><\/a>: \u201cBlockbuster GDP report shows real GDP grew at an annual rate of 4.9% in Q3, blowing even optimistic expectations out of the water.<\/p>\n\n\n\n<p>This economy is going gangbusters, and it&#8217;s time for the doomers to apologize for being consistently wrong for two years.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/Markzandi\/status\/1717529076087349405?s=20\"><strong>@MarkZandi<\/strong><\/a>: \u201cWhat recession?&nbsp; Today\u2019s GDP report shows the economy\u2019s extraordinary resilience.&nbsp; Consumers are doing their part, businesses are hanging tough, and the infrastructure legislation and CHIPS Act are providing a tailwind. The boomy gain overstates the strength as the inventory accumulation won\u2019t continue, and growth will soon throttle back, but this report should allay recession worries.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/RepDarrenSoto\/status\/1717550198472245372?s=20\"><strong>@RepDarrenSoto<\/strong><\/a>: \u201cAnother BIG economic report today as the U.S. economy remains strong!<\/p>\n\n\n\n<p>GDP grew at a staggering rate of 4.9% last quarter, surpassing expectations. At the same time, unemployment numbers remain near historic lows at 3.8% + inflation continues to slow.<\/p>\n\n\n\n<p>#Bidenomics works!\u201d<\/p>\n\n\n\n<p><strong>Headlines:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.politico.com\/news\/2023\/10\/26\/bidenomics-gdp-economy-00123706\"><strong>Politico<\/strong><\/a><strong>: \u201cWhy a stellar economic report may spell peak \u2018Bidenomics\u2019\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.businessinsider.com\/gdp-recession-outlook-economy-gross-domestic-product-third-quarter-2023-10\"><strong>Business Insider<\/strong><\/a><strong>: \u201cThe US economy is growing at the fastest pace in 2 years \u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/abcnews.go.com\/Business\/us-economy-expected-grown-blistering-pace-3rd-quarter\/story?id=104219612\"><strong>ABC News<\/strong><\/a><strong>: \u201cUS economy grew at blistering pace in 3rd quarter\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.cnbc.com\/2023\/10\/26\/us-gdp-grew-at-a-4point9percent-annual-pace-in-the-third-quarter-better-than-expected.html\"><strong>CNBC<\/strong><\/a><strong>: \u201cU.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/fortune.com\/2023\/10\/26\/us-economy-third-quarter-gdp-4-9-percent-hot-consumer-spending\/\"><strong>Fortune<\/strong><\/a><strong>: \u201cU.S. economy glows red hot with a 4.9% GDP reading for the third quarter\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/finance.yahoo.com\/news\/gdp-us-economy-grows-at-fastest-pace-in-nearly-two-years-123246049.html\"><strong>Yahoo Finance<\/strong><\/a><strong>: \u201cGDP: US economy grows at fastest pace in nearly two years\u201d&nbsp;<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.washingtonpost.com\/business\/2023\/10\/26\/gdp-third-quarter-economy-growth\/\"><strong>Washington Post<\/strong><\/a><strong>: \u201cU.S. economy grows at blockbuster pace in third quarter\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.nytimes.com\/2023\/10\/26\/business\/economy\/gdp-economy-q3.html\"><strong>New York Times<\/strong><\/a><strong>: \u201cU.S. Economic Growth Accelerated in the Third Quarter\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.axios.com\/2023\/10\/26\/us-third-quarter-gdp-report-economy-growth\"><strong>Axios<\/strong><\/a><strong>: \u201cU.S. economy sizzles in Q3, defying slowdown fears\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.marketwatch.com\/story\/gdp-jumps-4-9-as-the-u-s-economy-speeds-up-dcffe349\"><strong>MarketWatch<\/strong><\/a><strong>: \u201cGDP jumps 4.9% as the U.S. economy speeds up\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-26\/us-economy-expands-by-most-since-2021-on-household-spending\"><strong>Bloomberg<\/strong><\/a><strong>: \u201cUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.bbc.com\/news\/business-67229919\"><strong>BBC News<\/strong><\/a><strong>: \u201cUS economy grows at fastest pace in nearly two years\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.ft.com\/content\/8409fd04-90f4-490b-af08-c9b67a36077c\"><strong>Financial Times<\/strong><\/a><strong>: \u201cUS economic growth accelerated to 4.9% in third quarter\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.usnews.com\/news\/economy\/articles\/2023-10-26\/economy-surged-in-third-quarter-growing-at-annual-rate-of-4-9\"><strong>US News &amp; World Report<\/strong><\/a><strong>: \u201cEconomy Surged in Third Quarter, Growing at Annual Rate of 4.9%\u201d<\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.theguardian.com\/business\/2023\/oct\/26\/us-economy-growth-gdp-2023-q3\"><strong>The Guardian<\/strong><\/a><strong>: \u201cUS economy grows at fastest pace in nearly two years in third quarter of 2023\u201d<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>On Broadcast:<\/strong><\/p>\n\n\n\n<p><a href=\"http:\/\/mms.tveyes.com\/PlaybackPortal.aspx?SavedEditID=571b4507-654d-409f-b2a4-7aaef09a4933\"><strong>CNBC World<\/strong><\/a>: \u201cI think the macro is important. When we get down granularly with the data, I think the FED is about to get a gift. We just set GDP today at 4.9%.\u201d&nbsp;<\/p>\n\n\n\n<p><a href=\"http:\/\/mms.tveyes.com\/PlaybackPortal.aspx?SavedEditID=8797f24a-70be-4a55-9243-7abc1bd42d5b\"><strong>Bloomberg<\/strong><\/a>: \u201cOne of the strongest pillars of the economy has been the US consumer, you can see that today in the GDP data that has been revealed. The US consumer continues, <em>continues<\/em> to confound expectations. Economists continue to underestimate what is happening here.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/x.com\/BidenHQ\/status\/1717529707506200892?s=20\"><strong>FOX Business<\/strong><\/a>: \u201cLooks like we\u2019ve got GDP at 4.9%. That is the first read on third quarter GDP. That is a surprise on the upside. We had been expecting, consensus was 4.3%. You can see that&#8217;s a big positive number \u2026 Look at this 4.9% is well over twice second quarter GDP which was 2.1%, first quarter GDP 2%. So you can see some really strong expansion here.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, the U.S. Bureau of Economic Analysis announced that real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, reflecting the strength of Bidenomics as it spurs remarkable economic growth nationwide. Here\u2019s what they\u2019re saying about Bidenomics delivering historic results \u2026&nbsp; Tweets: @EwallWice: \u201cSo US GDP [&hellip;]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1027877","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What They Are Saying: Historic GDP Numbers Highlight Bidenomics in Action - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-26T19:52:11+00:00\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/\",\"url\":\"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/\",\"name\":\"What They Are Saying: Historic GDP Numbers Highlight Bidenomics in Action - Democrats\",\"isPartOf\":{\"@id\":\"https:\/\/democrats.org\/#website\"},\"datePublished\":\"2023-10-26T19:52:11+00:00\",\"author\":{\"@id\":\"https:\/\/democrats.org\/#\/schema\/person\/c31239f43161314a03057960c56c0564\"},\"breadcrumb\":{\"@id\":\"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/democrats.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What They Are Saying: Historic GDP Numbers Highlight Bidenomics in Action\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/democrats.org\/#website\",\"url\":\"https:\/\/democrats.org\/\",\"name\":\"Democrats\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/democrats.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/democrats.org\/#\/schema\/person\/c31239f43161314a03057960c56c0564\",\"name\":\"Claire DePree\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/democrats.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/262c0b3f1914330fe3241c699fd21798ee92a8504fc6296028e8fa17334d1151?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/262c0b3f1914330fe3241c699fd21798ee92a8504fc6296028e8fa17334d1151?s=96&d=mm&r=g\",\"caption\":\"Claire DePree\"},\"url\":\"https:\/\/democrats.org\/news\/author\/depreec\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What They Are Saying: Historic GDP Numbers Highlight Bidenomics in Action - Democrats","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/","og_locale":"en_US","og_type":"article","og_site_name":"Democrats","article_published_time":"2023-10-26T19:52:11+00:00","author":"Claire DePree","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Claire DePree","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/","url":"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/","name":"What They Are Saying: Historic GDP Numbers Highlight Bidenomics in Action - Democrats","isPartOf":{"@id":"https:\/\/democrats.org\/#website"},"datePublished":"2023-10-26T19:52:11+00:00","author":{"@id":"https:\/\/democrats.org\/#\/schema\/person\/c31239f43161314a03057960c56c0564"},"breadcrumb":{"@id":"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/democrats.org\/news\/what-they-are-saying-historic-gdp-numbers-highlight-bidenomics-in-action\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/democrats.org\/"},{"@type":"ListItem","position":2,"name":"What They Are Saying: Historic GDP Numbers Highlight Bidenomics in Action"}]},{"@type":"WebSite","@id":"https:\/\/democrats.org\/#website","url":"https:\/\/democrats.org\/","name":"Democrats","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/democrats.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/democrats.org\/#\/schema\/person\/c31239f43161314a03057960c56c0564","name":"Claire DePree","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/democrats.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/262c0b3f1914330fe3241c699fd21798ee92a8504fc6296028e8fa17334d1151?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/262c0b3f1914330fe3241c699fd21798ee92a8504fc6296028e8fa17334d1151?s=96&d=mm&r=g","caption":"Claire DePree"},"url":"https:\/\/democrats.org\/news\/author\/depreec\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts\/1027877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/users\/263"}],"replies":[{"embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/comments?post=1027877"}],"version-history":[{"count":1,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts\/1027877\/revisions"}],"predecessor-version":[{"id":1027878,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts\/1027877\/revisions\/1027878"}],"wp:attachment":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/media?parent=1027877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/categories?post=1027877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/tags?post=1027877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}