Trust the "Experts:" GDP Revised Upwards (What a Shock) from a Healthy 3% to a Very Healthy 3.3%; Inflation Revised Down from Just Above the Fed Target Rate, 2.3%, to 2%, Which Is Exactly the Fed Target Rate

Remember the media shrieking that GDP hadn't grown much except due to "technical" reasons (a fall in imports), and that inflation was increasing?

Wrong. Inflation just clocked in at 2%, which is exactly the Fed's target. As I've mentioned before, the Fed does not attempt to get inflation down to 0%, as they believe some inflation is actually good for the economy.

We're now at that target rate. Biden's "Transitory" Inflation is actually transitory, thanks to Trump (and big interest rate hikes from the Fed).

Scott Jennings @ScottJenningsKY

We were assured that recession was imminent...

.@bloomberg: "The US economy expanded in the second quarter at a slightly faster pace than initially estimated on a pickup in business investment and an outsize boost from trade. Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a 3.3% annualized pace...That compared with an initially reported 3% increase."

Unrelated: Woke DC Mayor Muriel Bowser is praising Trump's anti-crime surge as reducing crime and reducing carjackings by a huge 87%.

And Gavin Newsom now realizes that the crime issue will be deadly for Democrats in 2028, so he's imitating Trump by "surging" cops to high-crime areas.

But this is only pretending! (Like when he cleared the streets of homeless people and drug dealers only for a visit of Chinese VIPs.)

I just saw a video, which I cannot find now, of a law-abiding citizen showing that a violent homeless man attacked him and destroyed his camera. The assault was caught on video. The LA cops said they could not arrest the man because they hadn't personally witnessed the assault. They claimed video just taken moments before wasn't enough. They said that to get the man arrested, the citizen would have to go to the court and press charges himself, getting a "private warrant" for arrest.

And they told the citizen that there was no point even doing that because they were going to claim the assault was just a misdemeanor, deserving of no punishment at all.

But yeah, Gavin Newsom is really going to crack down on crime.

Here's that video:

"The police are impotent in California."

Down from Just Above the Fed Target Rate, 2.3%, to 2%, Which Is Exactly the Fed Target Rate&bodytext=Remember the media shrieking that GDP hadn't grown much except due to "technical" reasons (a fall in imports), and that inflation was increasing? Wrong. Inflation just clocked in at 2%, which is exactly the Fed's target. As I've mentioned before,...&topic=world_news"> posted by Ace at 03:33 PM

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