Just driving around Louisville today. Really hard for me to square away what I am seeing with people telling me the economy sucks. Looks like it's humming to me. What do I know though?
Whats the west end look like. Alot of commerce going on? Typical privileged lib. "Driving around Martha's vineyard nothing looks wrong at all!"
But to your claim, tax revenues have been at record highs for a few years now...so it's confusing why they need more money.
Oh here it is
"The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported Thursday.
Gross domestic product, a sum of all the goods and services produced, grew at a 2.0% annualized pace in the third quarter, lower than the 7% predicted as analysts said the crisis will last well into 2022"
“Consumer spending, and by extension GDP growth, is being limited by high rates of inflation eroding the real purchasing power of consumers,” Visa economist Michael Brown explained
"
Less than 3 percent growth would be pretty lousy for an economy that is supposed to be rebounding out of a pandemic. But it sounds as if Hassett thinks it could be even worse,
and he’s not alone: “IHS Markit, the gold standard among Wall Street forecasters, estimates GDP is on track to grow just 1.5 percent. The Atlanta Federal Reserve’s GDPNow forecast is even weaker: 0.5 percent.”
Those projections are perilously close to zero growth in the third quarter!
You know what it's called if the GDP declines in two consecutive quarters? A recession.
So yeah, what do you know. Lol "I saw people eating at restaurants and at the mall...the economy is humming!" Lolololololol Lolololololol