Drudge Retort: The Other Side of the News
Thursday, October 29, 2026

NPR Business: The U.S. economy grew faster in the summer compared to the spring, driven by consumer spending as well as investments in AI. Gross domestic product, which broadly measures economic activity, grew at an annual rate of 3.4% July through September, according to a report from the Commerce Department released Thursday. The previous quarter GDP grew at a 2.2% annual pace. A big driver for GDP growth in the third quarter was the strong investments from AI companies, which continue to build out data centers and spend big money in developing the technology. Meanwhile, consumer spending was another of the big drivers of GDP growth, led in part by higher-income Americans who are better able to withstand stubbornly high inflation.

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NPR. Just sayin' that they appear to report the facts as the government presents them.

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NB: . . . "led in part by higher-income Americans who are better able to withstand stubbornly high inflation."

We're so screwed if it's the big spenders and the big incomes are holding up the consumer economy.

#1 | Posted by Dbt2 at 2026-10-29 07:26 PM | Reply

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