The last eleven months have seen the year over year measure fluctuating between 2.88% and 2.63%.
Zero progress since April 2024, when the measure rounded to 2.9%, same as in December.
Yeah, but your leaders wear Tiffany and Rolex, that's what counts.
The third report for real GDP for 4Q2024 and full year 2024 was released today here.
The annual rate of economic growth in 4Q was 2.4%, and 2.8% for 2024.
But here's the big picture.
Real GDP for the 79 years 1929-2008 grew at a compound annual rate of 3.405%.
Real GDP for the 16 years 2008-2024 grew at a compound annual rate of 2.074%, a rate 39% lower.
We have not had, and do not now have, the greatest economy ever at any point since the Great Recession.
Zelenskiy says Russia hit Ukraine’s power infrastructure, US should react
President Volodymyr Zelenskiy said on Thursday Russian artillery had
damaged Ukraine’s energy infrastructure in the front-line city of
Kherson, two days after the U.S. announced that each side had agreed to a
truce on energy strikes. ...
Russia, which launched a full-scale invasion of Ukraine in February 2022 and now holds about 20% of the country, contends that it has observed an energy strike truce since March 18. Ukraine says Russia has attacked eight Ukrainian energy facilities since that date. ...
... Vice President Vance had to break a tie vote to get Hegseth confirmed after three Republicans — Sens. Susan Collins (Maine), Lisa Murkowski (Alaska) and Mitch McConnell (Ky.) — voted no. ...
More.
Whipping the vote for Trump in the GOP-led House must be getting harder and harder given all the mayhem he's causing for Republican voters in Republican districts, who are losing their government jobs and are becoming afraid for their Social Security among other things.
Assuming Republicans keep FL-1 and FL-6, they'll be back to 220 since Stefanik isn't leaving for the UN, but apparently a temporary seven-vote majority is needed because for some legislation the GOP still doesn't have the votes.
White House withdrawing Stefanik nomination to serve as U.S. ambassador to UN
... House Republicans had expressed concern that if Stefanik was confirmed, it would have made it tougher to get Trump’s agenda through the lower chamber because Speaker Mike Johnson (R-La.) would have lost a vote in his conference and didn’t have a clear idea how long it would take New York Gov. Kathy Hochul to schedule a special election to fill the seat.
According to CNBC here.
An earlier version of the story incorrectly stated a futures price as the new high spot price.
Trump National Security Adviser Mike Waltz denies ever meeting the guy he was standing near.
"One law for me, another for thee."
Signed, The UniParty.
But look on the brightside. You just lost your job working for Uncle Sam, you didn't get killed or left behind in a hellhole to rot.
Everything is reduced to a mere transaction.
It is libertarianism writ large.
It's all part of a pattern of incompetence which includes Elon Musk firing people indiscriminately and then having to scurry and rehire people in critical positions who never should have been fired in the first place.
Amateur Hour 2.0
The Atlantic publishes full Signal thread with Hegseth, Waltz after Trump says texts not classified
... Goldberg in Wednesday’s report wrote: “If this text had been received by someone hostile to American interests—or someone merely indiscreet, and with access to social media—the Houthis would have had time to prepare for what was meant to be a surprise attack on their strongholds.”
“The consequences for American pilots could have been catastrophic,” he wrote. ...
