‘Bidenomics’ Takes Lumps After ‘Shocking’ GDP Report

Joe Biden by Gage Skidmore is licensed under CC BY-SA 2.0

Despite a years-long “Bidenomics” campaign to grow the economy, the Biden administration announced on Thursday that inflation-adjusted Gross Domestic Product (GDP) for the first three months of 2024 was lower than predicted, opening up President Joe Biden to a fresh round of criticism.

Bureau of Economic Analysis numbers, posted to X in chart-form by the White House Council of Economic Advisers, showed this economic measurement that is known as “real GDP” grew by 1.6% in the first quarter on an annualized basis, below expectations of 2.5%.

Joe Biden by Gage Skidmore is licensed under CC BY-SA 2.0

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