Chris Hayes Touts Q4 Economic Growth: ‘Another Day, Another Shockingly Good Piece of Economic News’

RUSH TRANSCRIPT It is ░░░░░░░░ It is true Another ░░░░░░░░ another shockingly good piece ░░░░░░░░ economic news for the ░░░░░░░░ and also for President ░░░░░░░░ Biden Economists had estimated ░░░░░░░░ the GDP the measure ░░░░░░░░ the total growth of ░░░░░░░░ economy all goods and ░░░░░░░░ produced would grow at ░░░░░░░░ rate of 2 in ░░░░░░░░ fourth quarter of last ░░░░░░░░ Today we learned the ░░░░░░░░ actually grew at a ░░░░░░░░ of 3 3 during ░░░░░░░░ time A rate of ░░░░░░░░ growth blew the already ░░░░░░░░ optimistic prediction out of ░░░░░░░░ water Once again in ░░░░░░░░ is starting to feel ░░░░░░░░ a weekly tradition Fox ░░░░░░░░ struggled to cover this ░░░░░░░░ news for the economy ░░░░░░░░ almost literally graded teeth ░░░░░░░░ will look through this ░░░░░░░░ to see if there ░░░░░░░░ signs that maybe the ░░░░░░░░ doesn t feel or ░░░░░░░░ t as resilient as ░░░░░░░░ might seem What troubles ░░░░░░░░ is number one it ░░░░░░░░ the holiday quarter people ░░░░░░░░ going to push it ░░░░░░░░ the holidays because you ░░░░░░░░ t want to tell ░░░░░░░░ kids there s no ░░░░░░░░ under the tree The ░░░░░░░░ thing the government spending ░░░░░░░░ didn t want to ░░░░░░░░ that So government spending ░░░░░░░░ contributed to this as ░░░░░░░░ and it is really ░░░░░░░░ helping people all it ░░░░░░░░ done is get us ░░░░░░░░ into the inflationary whole ░░░░░░░░ said that these to ░░░░░░░░ a revised let s ░░░░░░░░ what happens It is ░░░░░░░░ adjusted they adjust for ░░░░░░░░ fourth quarter They know ░░░░░░░░ s the holidays Despite ░░░░░░░░ she said about inflation ░░░░░░░░ actually came in at ░░░░░░░░ 1 7 last quarter ░░░░░░░░ is actually below the ░░░░░░░░ target of about 2 ░░░░░░░░ is also great news ░░░░░░░░ is easy to just ░░░░░░░░ these numbers as retractions ░░░░░░░░ they do represent real ░░░░░░░░ things in the world ░░░░░░░░ heather along point so ░░░░░░░░ economy boomed for key ░░░░░░░░ Consumer spending was way ░░░░░░░░ the government investment in ░░░░░░░░ economy was way up ░░░░░░░░ among state and local ░░░░░░░░ there was a huge ░░░░░░░░ in what is called ░░░░░░░░ building for things like ░░░░░░░░ Again as long notes ░░░░░░░░ 2 and three are ░░░░░░░░ direct result of policy ░░░░░░░░ from the Biden Administration ░░░░░░░░ 1 is due to ░░░░░░░░ strong economy which is ░░░░░░░░ in a result of ░░░░░░░░ Administration policies None of ░░░░░░░░ is an accident None ░░░░░░░░ this is arbitrary The ░░░░░░░░ Administration took proactive steps ░░░░░░░░ grow the economy and ░░░░░░░░ economy has boomed. Has boomed