12/23/25 Guardian doing its best to rain on the parade and not quite successful:
"The US economy surged over the summer, the commerce department announced on Tuesday in one of the final snapshots of the nation’s finances to be released in 2025.
"Gross domestic product (GDP) – a broad measure of the value of goods and services – rose at an annualized rate of 4.3% over the third quarter, far higher than expected and its fastest rate in two years.
"The surprisingly strong growth “reflected increases in consumer spending, exports, and government spending that were partly offset by a decrease in investment”, according to the Bureau of Economic Analysis....
"The US economy has demonstrated resilience in a year of extraordinary challenges. Trump announced sweeping tariffs in April on the US’s major trading partners and while he has watered down or rolled back many of the levies, the uncertainty they have caused has rattled businesses and consumers.
"The US economy contracted in the first quarter of 2025 as businesses tried to get ahead of Trump’s threatened tariffs with an unprecedented surge in imports. But GDP growth soon recovered, spurred on by massive investment in artificial intelligence and robust consumer spending."
Yes, we need to cut government spending to reduce the deficit and stop adding to the national debt. But all the doomsayers about Trump’s tariff policies are looking increasingly wrong
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