2023 Q2 US economy grew by 90% in pre-tax profits, marking the longest consecutive growth since 2005-2006.
New economic data reveal the U.S. economy grew by an additional $294.2 billion over five years ending in 2023. Corporate pre-tax profits surged 90% to $4.09 trillion in Q2, marking six consecutive quarters of growth, the longest since 2005-2006. This resilience is attributed to increased consumption, job growth post-pandemic, and significant government support for businesses. The article suggests the narrative of Democrats being anti-business is outdated.
October 01, 2024
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