Towards the very beginning of Joe Biden’s presidency, he made no bones about stimulus checks from the federal government. Biden stated that these checks would boost the economy and keep Americans afloat; he had no issues with spending liberally and letting the national deficit skyrocket.
Fast forward months later and the results of all these handouts and printing money are not what Biden claimed. The economy is still largely struggling and inflation is a major issue. In multiple surveys, voters have conveyed their worries about inflation and their interest in the president prioritizing the economy.
Earlier today, however, the Commerce Department revealed that economic growth for the last quarter has considerably fallen short.
A decline from economists’ predictions
During the very first quarter of this year, annual growth was listed at 6.3%. Therefore, economists predicted that growth for the most recent quarter would fall somewhat in the range of 8%. This didn’t happen though; instead, the rate of growth for the recent quarter came out to 6.5%.
