{"id":69232,"date":"2021-01-12T08:56:42","date_gmt":"2021-01-12T13:56:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=69232"},"modified":"2021-01-12T09:07:22","modified_gmt":"2021-01-12T14:07:22","slug":"thanks-to-stricter-democrat-shutdowns-the-us-economy-in-november-and-december-contracted-after-record-setting-3rd-quarter","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/thanks-to-stricter-democrat-shutdowns-the-us-economy-in-november-and-december-contracted-after-record-setting-3rd-quarter\/","title":{"rendered":"Thanks to Stricter Democrat Shutdowns the US Economy in November and December Contracted After Record Setting 3rd Quarter"},"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\">36<\/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%2Fthanks-to-stricter-democrat-shutdowns-the-us-economy-in-november-and-december-contracted-after-record-setting-3rd-quarter%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=69232&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--><p>&nbsp;<\/p>\n<h3><strong>After growing at an annualized rate of 30% after the pandemic\u2019s trough, the November and December economy contracted at an annual rate of 7%, red-flagging a possible recession \u2014 or worse.\u00a0 <\/strong><\/h3>\n<h3><strong>The ongoing stricter lockdowns occurring in predominantly blue states and the election steal are likely to blame.<br \/>\n<\/strong><\/h3>\n<p>Information coming out now shows that maybe the Democrats have again gone too far.\u00a0 Their efforts to hurt the economy in 2020 during the pandemic are finally coming to fruition.\u00a0 Is this a preview of what Americans might face over the next four years?<\/p>\n<p>The annualized growth rate in the third quarter was a record setting all-time high increase of over 30%.\u00a0 This record may never be matched which is why the Democrats went all-in to stall the economy as much as possible.\u00a0 Now as the year has ended it appears their efforts worked.<\/p>\n<p><strong><a href=\"https:\/\/cdn.ihsmarkit.com\/www\/pdf\/1020\/US-Monthly-GDP-Current-Index.pdf\">According to IHSMarkit:<\/a><\/strong><\/p>\n<blockquote><p><strong>Monthly GDP declined 0.8% in November<\/strong> following a 0.6% increase in October that was revised lower by 0.1 percentage point. The decline in November was the first so far in the recovery and reflected declines in personal consumption expenditures, nonresidential fixed investment, net exports, and nonfarm inventory investment. There were partially offsetting increases in residential investment and the portion of monthly GDP not covered by the monthly source data. <strong>Implicit in our latest forecast of 3.0% annualized GDP growth in the fourth quarter is a further, 0.4% decline (not annualized) in December.<\/strong><\/p><\/blockquote>\n<p><em>(Chart TGP)<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-69249\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/01\/IHSonGDP0420thru1220.png\" alt=\"\" width=\"521\" height=\"470\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/01\/IHSonGDP0420thru1220.png 521w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/01\/IHSonGDP0420thru1220-300x271.png 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/01\/IHSonGDP0420thru1220-480x433.png 480w\" sizes=\"auto, (max-width: 521px) 100vw, 521px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>The red states were much more lenient in setting COVID restrictions and the result was their economies way out performed the economies of the blue states.\u00a0 All one needed to do was fly through a state like Pennsylvania or New York and you could see and feel a different atmosphere.\u00a0 Airports in New York, San Francisco and Pittsburgh were barely running while Charlotte or Dallas\/Fort Worth were like normal.\u00a0 Of course the number of COVID deaths, which are suspect anyways, were not impacted.<\/p>\n<p>This is likely why New York\u2019s Governor Cuomo decided yesterday to open the state despite its COVID cases reporting at all-time highs:<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"U5FOCN91aK\"><p><a href=\"https:\/\/www.thegatewaypundit.com\/2021\/01\/covid-cases-time-high-governor-cuomo-calls-open-economy-gee-changed\/\">With COVID Cases at All-Time High Governor Cuomo Calls to Open Up Economy &#8212; Gee, What Changed?<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;With COVID Cases at All-Time High Governor Cuomo Calls to Open Up Economy &#8212; Gee, What Changed?&#8221; &#8212; The Gateway Pundit\" src=\"https:\/\/www.thegatewaypundit.com\/2021\/01\/covid-cases-time-high-governor-cuomo-calls-open-economy-gee-changed\/embed\/#?secret=UHIuuxO9V1#?secret=U5FOCN91aK\" data-secret=\"U5FOCN91aK\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h3><strong>It is really sad that politicians would implement policies based on selfish motives versus what is best for their constituents.\u00a0 This is today\u2019s Democrat\/Socialist party.<\/strong><\/h3>\n<p>The post <a href=\"https:\/\/www.thegatewaypundit.com\/2021\/01\/thanks-stricter-democrat-shutdowns-us-economy-november-december-contracted-record-setting-3rd-quarter\/\" rel=\"nofollow\">Thanks to Stricter Democrat Shutdowns the US Economy in November and December Contracted After Record Setting 3rd Quarter<\/a> appeared first on <a href=\"https:\/\/www.thegatewaypundit.com\" rel=\"nofollow\">The Gateway Pundit<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After growing at an annualized rate of 30% after the pandemic\u2019s trough, the November and December economy contracted at an annual rate of 7%, red-flagging a possible recession \u2014 &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2180744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/01\/IHSonGDP0420thru1220.png","fifu_image_alt":"Thanks to Stricter Democrat Shutdowns the US Economy in November and December Contracted After Record Setting 3rd Quarter","footnotes":""},"categories":[],"tags":[],"class_list":["post-69232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/01\/IHSonGDP0420thru1220.png","fifu_image_alt":"Thanks to Stricter Democrat Shutdowns the US Economy in November and December Contracted After Record Setting 3rd Quarter","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/69232","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=69232"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/69232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2180744"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=69232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=69232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=69232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}