U.S. economic growth accelerates in 2nd quarter
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- čas přidán 8. 09. 2024
- The Commerce Department says the nation's gross domestic product, or GDP, rose at an annual rate of 2.8% from April through June. That's more than the 1.9% rate economists had expected for the second quarter. Jeff Stein, White House economics reporter for The Washington Post, joins CBS News to explain what the GDP growth says about the economy, and how the Federal Reserve could read the data.
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Tell it to working Americans. How about a raise.
Our nation is doing well! But individuals are seeing increases in credit card interests and rents. We're getting gouged by Big Business
It's in decline...m mass genoicdes
your unproductivity is gouging my stock values.
so don't pay credit card interest.
keep kidding yourself. No one else is falling for that....
EXACTLY. inflation is no longer the problem its predatory big business
This gotta be just for rich people. The average joe is dying from being broke
Broke because they spend what they dont have. Simple
Let me ask you a question:
How are YOU doing?
Not your neighbors. Don't give a parroted opinion that you're hearing on news. How are YOU doing?
@@rriqueno No, broke because it's 4.28 for a loaf of bread
over the last years yahoo news reported there were hundard thousand new job created every month.
@@LOTUG98
You didn't answer my question. How are YOU doing? Are YOU dying from being broke?
Not feeling it.
Government over spending counts on GDP……….and consumers are spending more because everything cost more. You’re welcome 🙂
The GDP growth rate is already inflation adjusted!
Grocery bills will never go back down as well as other merchandise. Big corporations are use to their high dollar they are getting. Greed over poverty for them
That is when we have to put a fight as consumers
Must be an ELECTION Year...
😂😂
DONT MATTER, PEOPLE HAVE TONS OF MONEY UNDER BIDENS EXCELLENT POLICIES FOR THE ECONOMY
Clearly you missed last year 4th quarter 4.9% insanity in a year where economists predicted with 100% certainty that'd we'd be in a recession.
Government spending up 4%, including defense spending up over 5%
Interest rate on our deficit has exceeded our annual military budget.
that 61 billion to Ukrain was a total failure. Talk about waste
@@blackrocks8413reminded me of the waste in PPP loans to (up to 1 trillion )
Lies
HAHA, MY 401K DOUBLED UNDER BIDENS EXCELENT POLICIES, UNEMPLOYMENT AT 50 YEAR LOW, PEOPLE HAVE TONS OF MONEY
No rate cut anymore
😂😂
COMING IN DECEMBER RATE CUT I PREDICT
CZcams comments section always a battlefield 😂
not really, it's normally pretty one-sided as per demograph that gets recommended the video
@@nicklespale22 people sure do fight a lot for a one sided affair.
Profits from inflation.
Inflation at 2.97%, is still outpacing economic growth.
This is real gdp growth, meaning it's already adjusted for inflation. The current-dollar gdp growth was 5.2%, that was before the adjustment. This information can be found at the Bureau of Economic Analysis.
@@bigpushing7167exactly. Thank you for clearing this up
GDP growth is inflation adjusted already. Wage growth is also outpacing inflation btw. And the latest inflation read was only 0.1% month over month. We’re heading in the right direction.
Ah yeah, when rents and groceries are up, and wages are down... Economic growth accelerates! Gotta love it. Let's go brandon!
There will be this awareness that we need to rethink how the money system works, we need to get out of a debt-based economy. We cannot allow a small power elite to create money and reap the profit from lending it with interest. This is something that the state needs to take on, and the state needs to be in control of the money system so that only the state benefits and thereby the people benefit. If the state makes money off of money, people do not have to pay so much taxes.
It needs to be seen that the only institution in society that has a right to make money off of money is the state. The state, of course, cannot go into the many forms of schemes that the capitalists have come up with in order to manipulate the economy because the state has no interest in manipulating the economy. It simply has an interest in creating a money system that allows for the greatest amount of creativity, movability of the money, the greatest ability to finance new businesses. This will promote a growth in the economy, and the more the economy grows, the more it is in the interest of all of the people and also, of course, in the interest of the state. These are very, very dramatic shifts compared to what you have today but they are not so unrealistic that they are so far off. It can come to that point where there is such an awareness of the existence of power elites that they will very quickly be put out of commission by the democratic nations. There will be either a raised awareness of how the power elites work and how anti-democratic it is, or there would be an awareness that if we do not reform the money system, then our economies, our debt-based economies, are going to collapse. The debt has reached such proportions that no country can pay it back and it is, in fact, in no way democratic, in no way in accordance with the democratic ideals, that the population of an entire country are enslaved financially so that for the next many decades a majority of their resources will go to pay back the interest to a small power elite. How is this democracy? How is this freedom? How is this allowable in a democratic nation, in a democratic world?
Thanks Biden! 🇺🇸
Inflation at 2.97% is still outpacing economic growth.
I frequent my local DG each week prices going up each time I go. But sure let’s thanks Biden for nothing.
THE STOCK MARKET THE HIGHEST EVER, MY 401K DOUBLED UNDER BIDEN, UNEMPLOYMENT AT 50 YEAR LOW, AMERICANS HAVE PLENTY OF MONEY, AIR AND ROAD TRAVEL AT HIGHEST EVER, KEEP IT UP KAMALA THE NEXT 4 YEARS
Yeah thanks for inflation, horrible economy, high cost of living, open borders. Democrat voters are living in la la land, they have to lie to themselves about reality it’s sad.
The US grip on the world is loosening. Americans need to get their act together and work smarter and harder
Thank you Biden/Harris.
1.28 per gallon of gas in 2018 Trump had nothing do with it. Prices goes up each week at grocery store media suger coats it and you give your praise to current administration. 🧐...yep🤡
For what? Wrecking the economy,
Inflation, high cost of living, open borders, funding others wars
delusional
Lies lies and more lies
Facts that you can't handle. When Republicans lose, everything sucks!
Lmao what are you qualifications??? PHD from google university. Lil bro get off the internet and go to sleep you got to middle school tomorrow.
HAHA, YOUR JUST MAD THE FELON DID NOT WIN THE ELECTION,
Maybe companies are doing OK but the recession is being felt by the average Joe
Everyone spending MORE of course it LOOks like things are going good while the actually PEOPLE are suffering amazing
Spending more yes, but getting less.
Maybe tell your republican representatives to vote for a price gouging bill.
Plot Twist: ONLY THING WE PRODUCE IS DEBT
We are the top producer in the world of oil.
@@thowl7065 we consume more oil than we produce; crude deficit
Time to lower interest rates, right right it’s funny. Every time an article is shown or a video regarding the economy. Is this the time that they’ll start lowering interest rates?
Don’t matter what matters is affordability of housing for Americans. That’s not getting fixed. For the record on pro Harris for very important reasons obviously
If inflation is 2-3% and GDP increases 2.8%, then there is no real increase in GDP. What are fatuous report!
So did inflation
sounds good for the stock market
Why is the stock market going sown
@@runna9647 I just looked at my portfolio it doesn't look good... THANKS for reminding me 🖕
they always cater to the rich and Wall St......then let the working class rot. Can't wait for Biden to be gone
HOME INVESTORS 👏🏼
Quit deceiving the public CBS
Nice reporting from Mr. Stein. Abandoning the western financial system to be at the mercy of China and Russia sounds like a Faustian bargain.
What I hear is that US business is supporting this positive GDP and geared toward growth. We cannot fear imposing sanctions when warranted because of the small possibility other countries or currencies may do business with us. We may loose coins but we strengthen our stance on human rights and our own domestic production.
GDP ?
Foreign policy ?
Harris clear and cogent.?
Sanctions. ?
Got nothing out of this.
More jobs won’t help and you know it funny news man
At the same time deficits are going sky high. So?
Gilded age 2.0
what's going w/ the a.i race tech company was it all a dream all along
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She is active on the
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Hopefully trump gives us 1200 dollars for free again
If you believe this then you believe President Biden was competent 😂
If you don't believe this, then you're a conict lover.
@@palmshoot so e of my closest friends are ex cons.. Democrats just stole the Democratic primary from you...but that's ok right the donors picked your candidate you didn't vote for her nobody did
@palmshoot speak for yourself 😴 🖕
@@firstlast8258 I speak for 81 million+ Americans.
that don't mean that we're still not in recession we're still in recession I don't care what y'all talking about this is not hate speech in Georgia Kemp need to give out more money to the people you just did 1.5 billion to rescue the airport this and that in the third but what about the homeless what about all these branded buildings we need more housing for the homeless not shelters
YES, NOBODY WANTS THE HOMELESS IN THEIR TOWN, SO CHANGE THEIR MIND, THEN THINGS WILL GET DONE
Accelerates!
youre lying
Nice
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of how bad it gets on the economy
How is that? If you do not mind me, please
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She is always active on wats apk👎👎
She is mostly active on what'sapk 👇👇
You guys so full of crap😂😂😂
Smelly crap. The economy is going down hill !
Facts that you can't handle. When Republicans lose, everything sucks! Boo hoo!