U.S. Economy Grows Because It Stopped Buying Stuff, Genius!
Photo by Kouji Tsuru on Unsplash
Oh, I'm sorry, did I miss the part where the U.S. economy's 3% growth was celebrated just because imports took a nosedive? According to the Commerce Department, 'The GDP rebound primarily reflected a decrease in imports,' which means our economy looked good because we simply bought less from everyone else. Meanwhile, consumer spending 'picked up' modestly and business investment slowed notably ā hey, thanks tariffs! So let me get this straight: the economy grew because we paused our global shopping spree? That's like bragging you're fit because you stopped eating cookies yesterday.
Share the Story
(1 of 3)
Swipe to navigate
Source: Axios | Published: 7/30/2025 | Author: Courtenay Brown
More Articles in US News
Workday CEO Wonders Who to Replace with AI Before Deciding to Lay Off 400 Humans
Businessinsider
Politico Announces Australia Launch for 2026, Because Why Not Start Late?
Theguardian
Trump Calls Supreme Court 'Unfortunate,' Then Hits Economy with āBetterā 10% Global Tariff
Businessinsider
Trump Promises Retirement Plan That Matches Generosity of Federal Workersā Excuses
Axios
Pentagon Brings Tech Bros to War Room, Still Confused About AI's Consciousness
Theverge
30 Lawmakers Diplomatically Skip Trump Speech For The 'Peopleās State Of The Union' Party
Theguardian
Traveler Confirms Small Towns Are Americaās Scenic Waiting Rooms
Businessinsider
Buy 1794 D.C. Home: $1.3M For Seven Fireplaces and a 1960s Time Capsule Kitchen
Businessinsider