The Commerce Department reported 3.3% in the 4th quarter of 2023 – which is a solid number. The White House took a bow and The Washington Post practically danced a little jig:
That’s the chart the media WANTS everyone to see.
Here’s the chart from our CTUP economist EJ Antoni that THEY DON’T WANT YOU TO SEE. It shows that Government expenditures have now grown faster than consumer spending for the last six quarters.
This is quite an economic strategy: spend, borrow, print trillions of dollars, and hit the repeat cycle. Is eating your seed corn a sustainable strategy for bountiful crops in the future?
If it is: Party On Wayne!