I call it the DC Stomp! Where The Federal Government finances its GDP growth through debt. In Q2 2024, the NET real GDP was negative at -4.7% YoY (real GDP growth less public debt growth).
Under Biden/Harris, only Q2 2021 saw a positive net real GDP of 4.5% YoY. All other quarters saw a negative net
To be fair, only under Clinton and House Speaker Gingrich did we see consecutive quarters of positive net Real GDP growth since Gingrich held Clinton accountable (latter half of 1990s). Big debt issuance resulted from multiple wars and recessions.
