Nets Hype ‘Positive GDP’ Report, Ignore Real Reason for Growth
28th October 2022
On Thursday morning, the U.S. Bureau of Economic Analysis released the third-quarter gross domestic product (GDP) numbers which reportedly showed that the United States economy grew 2.6 percent in the third quarter. Predictably the three evening news networks hyped the supposedly good news for their friends in the Biden administration and ignored the real reason for the positive economic growth despite the two past quarters being negative. The 3rd quarter numbers were almost entirely due to U.S. trade exports, not due to the health of the economy at large.