Bidenomics: 46 states saw GDP decline in first quarter of 2022, federal data shows – IOTW Report

Bidenomics: 46 states saw GDP decline in first quarter of 2022, federal data shows

JTN

Forty-six of the 50 U.S. states saw a decline in gross domestic product in the first quarter of 2022, newly released federal data shows.

The Bureau of Economic Analysis reported Thursday that only Massachusetts, Michigan, New Hampshire and Vermont bucked the trend with increases in GDP in the first three months of this year.

Data released earlier this week showed that U.S. GDP decreased by 1.6% overall in the first quarter, but states’ GDPs varied because of a range of factors.

“Mining, quarrying, and oil and gas extraction contributed decreases in 49 states,” the Bureau of Economic Analysis said. “This industry was the leading contributor to the decreases in 10 states, including Wyoming, Alaska, North Dakota, West Virginia, and New Mexico – the 5 states with the largest decreases in real GDP. Government and government enterprises was the leading contributor to the increases in New Hampshire and Massachusetts – the states with the largest and third-largest increases in real GDP, respectively. more


10 Comments on Bidenomics: 46 states saw GDP decline in first quarter of 2022, federal data shows

  1. How come Maryland and Virginia didn’t see growth? They surround DC so they should be profiting from the perpetual expansion of gubmint.

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  2. never thought I’d see the day when our own government would be the cause of our impending economic collapse

    … & they’re doing it willingly!

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  3. “U.S. GDP decreased by 1.6%”

    Double it. Their bullshit is so thick you can’t believe them anymore.

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  4. ^^^ Exactly. And, if you think your pensions with COLAs ate keeping up, think again. Inflation is greater than CPI. Another government hidden tax sleight of hand.

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  5. The four that didn’t show a decrease, are democrat run, so you can bet they cooked the books.

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  6. Trump will fix everything. Give me f’n break. POS is a number 1 loser. America doesn’t need another old FART in office!
    DeSantis 2024 time is now!

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  7. Thanks Captain Potato Shittypants.

    And, Jefferson B, got fuck yourself with dynamite.

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  8. There appears to be one constant emerging among all the federal agencies and their ‘data shows’…. They lie.

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  9. JEFFERSON B IS JUST ANOTHER TRUMP HATER WHO NOW BELIEVES IN DESANTIS

    GMAFB

    LOLOL

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