{"id":1920067,"date":"2023-04-27T10:27:13","date_gmt":"2023-04-27T14:27:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-reacts-to-underwhelming-gdp-report-the-american-economy-remains-strong\/"},"modified":"2023-04-27T10:32:45","modified_gmt":"2023-04-27T14:32:45","slug":"biden-reacts-to-underwhelming-gdp-report-the-american-economy-remains-strong","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-reacts-to-underwhelming-gdp-report-the-american-economy-remains-strong\/","title":{"rendered":"Biden reacts to underwhelming GDP report: &#8216;The American economy remains strong&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-reacts-to-underwhelming-gdp-report-the-american-economy-remains-strong%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1920067&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"RichTextArticleBody-body\">\n<h2>President Biden Celebrates Strong American Economy<\/h2>\n<p>President <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\" target=\"_blank\" rel=\"noopener\">Joe Biden<\/a> is celebrating the latest gross domestic product report, which shows that the American economy remains strong and is transitioning to steady and stable growth. <\/p>\n<h3>Economy Grew by 1.1% in First Quarter of 2023 Despite Rising Rates<\/h3>\n<p>The Bureau of Economic Analysis published data on Thursday morning, revealing that the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">economy grew<\/a> at a rate of 1.1% in the first quarter of 2023. Although this fell short of projections and the 2.6% posted in the fourth quarter of 2022, the data did show a degree of economic resilience, despite <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-economy-auto-sales-down-8-percent-lowest-levels-since-2011\/\" title=\"Biden\u2019s Economy: Auto Sales Down 8 Percent, Lowest Levels Since 2011\">repeated rate hikes<\/a> from the <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\" target=\"_blank\" rel=\"noopener\">Federal Reserve<\/a> aimed at combating inflation. Consumer spending also accelerated to 3.7% annually.<\/p>\n<p>President Biden wrote, &#8220;This past quarter, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-reacts-to-underwhelming-gdp-report-the-american-economy-remains-strong\/\" title=\"Biden reacts to underwhelming GDP report: 'The American economy remains strong'\">real personal disposable income increased<\/a> and American consumers continued to spend, even as the overall pace of growth moderated. This follows reports that our economy added more than 300,000 jobs per month during the quarter, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-study-40-states-require-government-permits-for-teenage-employment-overriding-parents\/\" title=\"Exclusive \u2014 Study: 40 States Require Government Permits for Teenage Employment, Overriding Parents\">unemployment rate remained<\/a> near a 50-year low, and workforce participation for working-age Americans is the highest in 15 years.&#8221;<\/p>\n<p>President Biden&#8217;s &#8220;Investing in America&#8221; agenda is rebuilding the economy from the middle out and the bottom up, following decades of failed trickle-down economic policies. &#8220;By investing in manufacturing and building out our supply chains, we are <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buttigieg-becomes-the-first-millennial-confirmed-to-a-cabinet-position\/\" title=\"Buttigieg Becomes The First Millennial Confirmed To A Cabinet Position\">creating good-paying jobs<\/a> here at home that you can raise a family on, lowering the costs of energy and the Internet to give hardworking Americans more breathing room, and making sure that no community is left behind,&#8221; he closed. &#8220;These policies have helped the economy create a record 12.5 million jobs over the past two years \u2014 and nearly 800,000 manufacturing jobs.&#8221;<\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/b><\/p>\n<h3>Economy and Inflation Remain Biden&#8217;s Largest Domestic Vulnerability<\/h3>\n<p>Voters consistently point to inflation as their top domestic issue, and most experts expect the economy to shrink further throughout the remainder of 2023. However, President Biden remains optimistic about the future of the American economy and is committed to investing in policies that benefit all Americans.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden celebrated Thursday&#8217;s gross domestic product report, claiming in a statement that the results prove &#8220;that the American economy remains strong, as it transitions to steady and stable growth.&#8221; The Bureau of Economic Analysis published data Thursday morning showing the economy growing at a rate of 1.1% in the first quarter of 2023<\/p>\n","protected":false},"author":1,"featured_media":1920068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[6962,4123,3620,9168,19583,4672,8689,3819,5529,25282],"class_list":["post-1920067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-the","tag-american","tag-biden","tag-economy","tag-gdp","tag-reacts","tag-remains","tag-report","tag-strong","tag-underwhelming"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1920067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1920067"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1920067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1920068"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1920067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1920067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1920067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}