Joe’s economy still healthy: GDP expands +2.9%

How do you explain massive layoffs in the last month?

Lower wage earners being laid off leaves the average wage being a result of much higher wage workers.
Business cycles. You get that the number of people working is at a historical high and that any layoffs are included in that? Right? Some hire, some layoff, but the net is up.

That is like looking at a stock market at its high and yelling that bed bath and beyond stock sucks. Well no shit. There are winners and losers in every up cycle.
 
Business cycles. You get that the number of people working is at a historical high and that any layoffs are included in that? Right? Some hire, some layoff, but the net is up.

That is like looking at a stock market at its high and yelling that bed bath and beyond stock sucks. Well no shit. There are winners and losers in every up cycle.
The US Supreme Court just made Green Cards instant.
Tech layoffs will be followed by several million Indian Business Visas flooding the US and the Democrats lose the White House in 2024.
 
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Nope it's grew but the underlying principles that pushed that growth are very unsound.....Unless I miss my guess you will see how unsound before the year is out.
Just another maga fuckup rooting against America.
 
Inflation still high, price of gas at the pump up and tens of thousands of Tech industry workers laid off. Social Security and Medicare running out of money because of government overspending.

Thank you very much Joe Potatohead.
 
Inflation still high, price of gas at the pump up and tens of thousands of Tech industry workers laid off. Social Security and Medicare running out of money because of government overspending.

Thank you very much Joe Potatohead.
Awwww, another maga fuckup crybaby.

Find a quite space fuckup.
 
The Fed's goal has been a "soft landing", putting the brakes on the economy enough to cool inflation but not so much as to send it into recession.

The odds were/are against it, but it could still happen. That would be pretty neat. Especially since the Fed was so goddamn slow to react to inflation in the first place.

 
Awwww, another maga fuckup crybaby.

Find a quite space fuckup.
Potatohead was out today blaming other people for his failures and to try to take the heat of his massive security violations.

Typical Democrat dishonesty. We see it all the time.
 
Potatohead was out today blaming other people for his failures and to try to take the heat of his massive security violations.

Typical Democrat dishonesty. We see it all the time.
Democrats are purrfekt!
 
Business cycles. You get that the number of people working is at a historical high and that any layoffs are included in that? Right? Some hire, some layoff, but the net is up.

That is like looking at a stock market at its high and yelling that bed bath and beyond stock sucks. Well no shit. There are winners and losers in every up cycle.
Those tech MNCs really took private investors for a ride, didn’t they? :auiqs.jpg:
 
Potatohead was out today blaming other people for his failures and to try to take the heat of his massive security violations.

Typical Democrat dishonesty. We see it all the time.
Just who stated, “ no, I don’t take any responsibility”….

Need an answer fuckup
 
Not sure how the Republican will spin this but it’s really good news. Basically inflation is slowing and economy is still moving along.


US Economy Expands at a Faster-Than-Expected 2.9% Pace


The US economy expanded at a healthy pace in the fourth quarter, though an extended salvo of Federal Reserve interest-rate hikes is seen jeopardizing growth prospects this year.

Gross domestic product increased at a 2.9% annualized rate in final three months of 2022 after a 3.2% gain in the third quarter, the Commerce Department’s initial estimate showed Thursday. Personal consumption (GDPCTOT%), the biggest part of the economy, climbed at a less-than-forecast 2.1% pace.
Lets remember that Trump's best year for the economy was 2018, when Trump only put up the same +2.9% growth.

With this 2.9% print this morning, Biden has now averaged a booming whoping +4% GDP growth per year in his first 2 years, extremely good.

Putin's war has crushed the global economy and caused inflation to zoom, if that didn;t happen things would be a lot different
 
Biden righted the ship that Trump beached.

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Not sure how the Republican will spin this but it’s really good news. Basically inflation is slowing and economy is still moving along.


US Economy Expands at a Faster-Than-Expected 2.9% Pace


The US economy expanded at a healthy pace in the fourth quarter, though an extended salvo of Federal Reserve interest-rate hikes is seen jeopardizing growth prospects this year.

Gross domestic product increased at a 2.9% annualized rate in final three months of 2022 after a 3.2% gain in the third quarter, the Commerce Department’s initial estimate showed Thursday. Personal consumption (GDPCTOT%), the biggest part of the economy, climbed at a less-than-forecast 2.1% pace.
The GDP number is an extremely misleading number to people who don't understand how it is calculated and what it means. Our economy is currently in the toilet right now. We are actually in an economic depression atm and have been in one since the covid lockdowns.

You're happy, and are mislead to believe that the economy is going GRAND, because the GDP number is 2.9%. Let me explain why that number isn't actually what you think it is with an example, but first remember that GDP is based on dollars, not widgets produced.

BEFORE: 1,000 widgets @ $1.00/widget = $1,000.00 value of economy
AFTER: 686 widgets @ $1.50/widget = $1,029.00 value of economy

Your (uninformed) reaction: YAYYYYY!!! THE ECONOMY IS GRAND!!!!! +2.9% GDP!!!!!

My (informed) reaction: Wow, the economy sure suuuuuuucks right now... the price of widgets has increased by 50% and the production of widgets is down 31.4%.

That's what's going on right now, dude, and that's NOT a good thing. The dollar is being inflated by the federal government "printing money" without any corresponding increase in wealth, and prices are increasing due to the World Economic Forum's "green energy" agenda (aka the war against feasible fuels) which is based on their wacky fundamentalist-style religion of Climate Change. This is causing energy/gas prices to skyrocket, which is causing the prices of everything else to skyrocket.

The "America Last" agenda of Joe Biden's handlers (Marxism) SUCKS BALLS and is only causing poverty and death... The "America First" agenda of Donald Trump (MAGA) is what we need to return back to, as it resulted in an increased QOL for everyone... DONALD TRUMP FOR PRESIDENT!!!!

Edit: Follow up questions ---> If the economy is soooo great right now, then why are big tech companies currently laying off employees to the tune of tens of thousands of them? Amazon just laid off 18,000 employees, for example...

If the economy is soooooooo great right now, then why were retailers laying off employees during the holidays when they are usually ramping up for increased demand by hiring a bunch of additional help?

In the real world, outside of a manipulative GDP number, people are paying more to get less groceries, paying more to heat their homes at a lower thermostat setting, paying more to drive their vehicle less miles, etc etc...
 
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The GDP number is an extremely misleading number to people who don't understand how it is calculated and what it means. Our economy is currently in the toilet right now. We are actually in an economic depression atm and have been in one since the covid lockdowns.

You're happy, and are mislead to believe that the economy is going GRAND, because the GDP number is 2.9%. Let me explain why that number isn't actually what you think it is with an example, but first remember that GDP is based on dollars, not widgets produced.

BEFORE: 1,000 widgets @ $1.00/widget = $1,000.00 value of economy
AFTER: 686 widgets @ $1.50/widget = $1,029.00 value of economy

Your (uninformed) reaction: YAYYYYY!!! THE ECONOMY IS GRAND!!!!! +2.9% GDP!!!!!

My (informed) reaction: Wow, the economy sure suuuuuuucks right now... the price of widgets has increased by 50% and the production of widgets is down 31.4%.

That's what's going on right now, dude, and that's NOT a good thing. The dollar is being inflated by the federal government "printing money" without any corresponding increase in wealth, and prices are increasing due to the World Economic Forum's "green energy" agenda (aka the war against feasible fuels) which is based on their wacky fundamentalist-style religion of Climate Change. This is causing energy/gas prices to skyrocket, which is causing the prices of everything else to skyrocket.

The "America Last" agenda of Joe Biden's handlers (Marxism) SUCKS BALLS and is only causing poverty and death... The "America First" agenda of Donald Trump (MAGA) is what we need to return back to, as it resulted in an increased QOL for everyone... DONALD TRUMP FOR PRESIDENT!!!!
CG is evil and selfish.
 

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