There’s fresh evidence that the robust economy Donald Trump inherited from Barack Obama was faltering before the pandemic.
State personal consumption spending growth slowed sharply in 2019 compared to the year before, the federal Bureau of Economic Analysis reported Thursday morning. The growth rate plummeted by a fifth.
Personal expenditures grew in 2019 but by only 3.9 percent, down from 4.9 percent in the previous year.
Counting on Trump to sign a new relief package would be like trusting that he actually knows how to improve the economy for all Americans, not just the already rich.
This official data came just hours after Mike Pence told a whopper about American incomes during the vice presidential debate Wednesday night, a lie that escaped the notice of our major news organizations. That’s because no official announced the numbers and mainstream journalists rely way too much on what officials tell them instead of doing their own analyses of official government data.