Fake News: Why You Shouldn't Believe the Liberal Media Over the Latest Economic Report

[Sun Devil 92]

Fake News: Why You Shouldn't Believe the Liberal Media Over the Latest Economic Report

townhall.com

The liberal media is just loving that the economy is in dire shape thanks to the overblown reaction to the coronavirus. Prior to the pandemic, the economy was unstoppable, unemployment across the board had reached record lows, job creation was through the roof, and the markets were reacting positively to Trump’s agenda. So, of course, you know the liberal media was hoping something would wreck it. Comedian Bill Maher openly wished for this. Forget the economic pain that will be inflicted on millions of Americans, which leads to increased anxiety, depression, and suicide rates. They don’t care because they’re bad people—all of them. So, let’s kick off why the latest economic report is straight trash. Apparently, the economy shrank at an annualized rate of over 30 percent…in the second quarter (via AP):

Which means it shrank about 9% in the 2nd quarter.

Hell, that is great news.

But lefties just can't contain their screeching and shit throwing DNA.

Trump is rocking it and 3rd quarter is going to look great.

 

[Thunk]

People don't understand the word "ANNUALIZED".

IF the economy continued on this exact path & projected out for the rest of the year...that is a big IF.

What it DOES prove is how happy the left is watching the average joe suffer as long as they can twist it to make Trump look bad.

 

[MarathonMike]

Your best assumption is that the Media is ALWAYS distorting, deceiving, or just outright lying. You assumption will be correct 99% of the time.

 

[Sun Devil 92]

People don't understand the word "ANNUALIZED".

IF the economy continued on this exact path & projected out for the rest of the year...that is a big IF.

What it DOES prove is how happy the left is watching the average joe suffer as long as they can twist it to make Trump look bad.

Anything they can do to spin it against Trump.

Motherfuckers.

 

[MarathonMike]

Your best assumption is that the Media is ALWAYS distorting, deceiving, or just outright lying. You assumption will be correct 99% of the time.

In other words, don't be a goldfish with mouth agape swallowing whatever the Media is tossing that day.

 

[otto105]

Fake News: Why You Shouldn't Believe the Liberal Media Over the Latest Economic Report

townhall.com

The liberal media is just loving that the economy is in dire shape thanks to the overblown reaction to the coronavirus. Prior to the pandemic, the economy was unstoppable, unemployment across the board had reached record lows, job creation was through the roof, and the markets were reacting positively to Trump’s agenda. So, of course, you know the liberal media was hoping something would wreck it. Comedian Bill Maher openly wished for this. Forget the economic pain that will be inflicted on millions of Americans, which leads to increased anxiety, depression, and suicide rates. They don’t care because they’re bad people—all of them. So, let’s kick off why the latest economic report is straight trash. Apparently, the economy shrank at an annualized rate of over 30 percent…in the second quarter (via AP):

Which means it shrank about 9% in the 2nd quarter.

Hell, that is great news.

But lefties just can't contain their screeching and shit throwing DNA.

Trump is rocking it and 3rd quarter is going to look great.

It's great news that the economy shrank 9.5% in the second quarter?


That's great news?

Just how is the 3rd QTR looking good? First time filings for unemployment today were over a million again this week.

 

[my2¢]

Fake News: Why You Shouldn't Believe the Liberal Media Over the Latest Economic Report

The annualized percentage drop was published by the U.S. Bureau of Economic Analysis, which is an agency of the Department of Commerce. It's how they've consistently reported the figure over the years. What strikes me as "fake news" is any 11th hour accusation about the bureau's methodology.

 

[Sun Devil 92]

Fake News: Why You Shouldn't Believe the Liberal Media Over the Latest Economic Report

The annualized percentage drop was published by the U.S. Bureau of Economic Analysis, which is an agency of the Department of Commerce. It's how they've consistently reported the figure over the years. What strikes me as "fake news" is any 11th hour accusation about the bureau's methodology.

Don't believe there is any accusation in their direction.

It is the way it is reported. The economy contracted 9.5%. If you annualize that it is 32%. You have to be somewhat aware to understand the difference.