Immigration to the US makes real GDP to grow at 3% per year

 The most recent statistics published by the BEA says a lot about Bidenomics. First, it works! The annualized quarter to quarter growth is 4.9% (Figure 1) and the annual growth rate close to 3% (Figure 2). All negative side of this growth are insignificant, as the Biden team insists. This is not true, unfortunately. The illegal immigration drives the demand side of the economics and inflation will be growing as the real GDP growth is not intensive due to productivity but rather extensive - 10 million new consumers.  When immigration stops, real GDP will drop. 

Figure 1. Q/Q real GDP growth rate since 1960

Figure 1. Y/Y real GDP growth rate since 1960