More Economic Data you don't want to know

[eagle1462010]

the US economy is not growing at all.
GDP growth is counted as delta between this year's output and last years's output minus inflation.

if the government lies about inflation and it does - inflation is much higher than officially acknowledged 6,2%, then deflator counted in GDP formula must be much bigger, and GDP is much lower.

Real US GDP declines, because inflation is 2-3 times higher than 6,2%, US government manipulates statistics. food and benzne are excluded from CPI calculation, for example...

Yup

 

[Remodeling Maidiac]

Sure dude.
Did trump lose overall jobs? Yes he did. FACT.
Do you want to blame China? For Job Loses?
Virus or Domination over trump?

Absolutely

A virus created in a lab in China wrecked everything. Then the leftist reaction to it put the proverbial nail in the coffin.

If I'm playing with firecrackers at my house and they burn your house down is it your fault because your roof was old?

 

[AzogtheDefiler]

Promise BROKEN, 4-5 perhaps 6%, easily.
PROMISE BROKEN.
POS dotard donnie LIED, yet again.

Tell the Context, Please.

For example the NBA is 85% black while black males represent only 6% of the US population. Is the NBA racist? Context matters. So I am happy to provide that but when idiots like you and cowards like g5000 post stats without context its just stats.

 

[Winco]

For example the NBA is 85% black while black males represent only 6% of the US population. Is the NBA racist? Context matters. So I am happy to provide that but when idiots like you and cowards like g5000 post stats without context its just stats.

WTF are you blabbering about?
Dotard Donnie promised 4-5 or even 6% GDP. He did. Are you denying that?

 

[WTH_Progs?]

WTF are you blabbering about?
Dotard Donnie promised 4-5 or even 6% GDP. He did. Are you denying that?

WOWZA, you really got Trump a good one. Trump promised a GDP of.

What a bummer his GDP numbers compared to the rest of the world were better than O'bummer's, Xiden's and Bush's.

Do we get to talk about O'bummer's unkept promises too? You know, like if the unemployment rate isn't this or that he wouldn't run again but did anyway?

 

[AzogtheDefiler]

WTF are you blabbering about?
Dotard Donnie promised 4-5 or even 6% GDP. He did. Are you denying that?

He exaggerated. That is what Trump does. Meanwhile under him the economy thrived, we were energy independent paying very little for gas compared to now, border was secured, military was rebuilt, China was held accountable. Show me a politician that doesn't exaggerate. Biden said he would unite the country and flip flopped on fracking. He lied about getting along with Harris. He f*cked up the Afghanistan exit. He certainly didn't defeat COVID.

Poll numbers illustrate he sucks. What politicians do not exaggerate? Name one.

 

[Winco]

Absolutely

A virus created in a lab in China wrecked everything. Then the leftist reaction to it put the proverbial nail in the coffin.

If I'm playing with firecrackers at my house and they burn your house down is it your fault because your roof was old?

Yes
Absolutely
You are playing with firecrackers and you obviously lost control if they landed on my roof.
Yes, you and the firecrackers are the cause of the fire. Duh.

 

[eagle1462010]

Yes
Absolutely
You are playing with firecrackers and you obviously lost control if they landed on my roof.
Yes, you and the firecrackers are the cause of the fire. Duh.

It was a peaceful protest firecracker Sorry to bad on you. You got insurance right......

 

[Remodeling Maidiac]

Yes
Absolutely
You are playing with firecrackers and you obviously lost control if they landed on my roof.
Yes, you and the firecrackers are the cause of the fire. Duh.

You seem a bit slow witted lol. REREAD the whole post and the post it was responding to

 

[AntonToo]

A plannedemic will do that

What "plandemic" happened in 2017, 2018 and 2019?

 

[g5000]

A plannedemic will do that

Even before the pandemic, Trump was weak.

 

[WTH_Progs?]

Even before the pandemic, Trump was weak.

Your weakness only belongs to you. STOP PROJECTING

 

[Dragonlady]

Here’s data for REAL GDP for 54-55 countries or combinations of countries such as the G7 & EU. So how do we perform against the competition for GDP growth? after all, it's important and definitely relevant…………..Keep in-mind, especially that side of center who tends to jump around a lot - congress plays a role too.

Observation. Interesting how CHINA showed the only GDP increase for the 2nd qtr. of 2020, a whopping 10.7 increase too. Yeah sure, China is our friend. First they unload a pandemic then get rich off it. Let that soak in a moment, wholly fuck!. For what worth the USA performed 25th of 55 in the 2nd qtr. of 2020. See below for relevance.

Clinton’s 2000 finished 28th of 54.

Bush’s 2001 finished 45th of 54 (9-11 was a bitch).

Bush’s 2002 finished 31st of 54.

Bush’s 2003 finished 26th of 54.

Bush’s 2004 finished 34th of 54.

Bush’s 2005 finished 26th of 54.

Bush’s 2006 finished 44th of 54. (CRASH)

Bush’s 2007 finished 50th of 54 (& BURN)

Bush’s 2008 finished 42nd of 55.

Obama’s 2009 finished 18th of 55.

Obama’s 2010 finished 29th of 55.

Obama’s 2011 finished 43rd of 55.

Obama’s 2012 finished 22nd of 55.

Obama’s 2012 finished 25th of 55.

Obama’s 2014 finished 28th of 55

Obama’s 2015 finished 24th of 55

Obama’s 2016 finished 44th of 55

Trump’s 2017 finished 40th of 55

Trump’s 2018 finished 21st of 55

Trump’s 2019 finished 22nd of 55

Trump’s 2020 finished 20th of 55

Biden’s 1st qtr. of 2021 finished 15th of 55 and he didn’t even have to do anything (to harm us) yet. Democrats got what they wanted, I guess?

Biden’s 2nd qtr. of 2021 finished 30th of 55.

Biden’s 3rd qtr of 2021 is 23rd of just 34 reported, which probably places us at about 44th of 55. All major countries have reported short of Russia.

So how are we doing with Democrats in control now?

Trump wins again. Technically beginning to end Trump's numbers are more impressive than anyone's USA since at least the 70s, though a lot to be said for Reagan. Try to maintain yourselves.

Bitchn’ website: https://stats.oecd.org/index.aspx?queryid=350#

Your post reminds me of the old adage that “figures never lie, but liars often figure”.

Has it ever occurred to you that the reason American GDP rates have been sluggish for the last 40 years is because of the wage stagnation and rapidly increasing wage in equity in the United States?

You have the lowest minimum wage in the free world. Growth is dictated by supply and demand. Republican economics has favoured the supply side over all else.

Right now you’re complaining about the lack of supply. That’s because Joe Biden programs have put thousands of dollars into the hands of low wage workers via child tax benefits, and his other build back better programs. For the first time in decades, the working poor have cash in the bank and they’re spending it. Sales of everything are up.

Low wages have kept your GDP growth sluggish for decades. But keep drinking the Republican Kool-Aid on that.

 

[Dragonlady]

Your weakness only belongs to you. STOP PROJECTING

No one is projecting. Manufacturing was already in a recession and had dropped to 2009 levels. This is all documented and we can the post links again, if we have to.

The lengths you have to go to to pretend that Donald Trump had a economically successful presidency are astounding. The worst economy in American history is what he handed Joe Biden.

 

[Samofvt]

Your post reminds me of the old adage that “figures never lie, but liars often figure”.

Has it ever occurred to you that the reason American GDP rates have been sluggish for the last 40 years is because of the wage stagnation and rapidly increasing wage in equity in the United States?

You have the lowest minimum wage in the free world. Growth is dictated by supply and demand. Republican economics has favoured the supply side over all else.

Right now you’re complaining about the lack of supply. That’s because Joe Biden programs have put thousands of dollars into the hands of low wage workers via child tax benefits, and his other build back better programs. For the first time in decades, the working poor have cash in the bank and they’re spending it. Sales of everything are up.

Low wages have kept your GDP growth sluggish for decades. But keep drinking the Republican Kool-Aid on that.

WOW. Sounds like you are actually buying the propaganda you are hearing on BBC (CBC, whatever).

I will try to explain the mistakes in your thinking, but we both know this won't go anywhere: Why? By correcting you, or even attempting to show you a different viewpoint, I will be offending you personally. It is clear you have already formed your opinion, based on evidence you have been given by MSM (BBC, CBC, NBC, CBS, ABC, PBS, CNN...all the three letters are state-controlled media, imho). "They" depend on you sitting in your little room and not stepping outside your door to experience life. You almost *need* the input from your three letter friends.

Your post reminds me of the old adage that “figures never lie, but liars often figure”.

The correct quote is "Figures don’t lie, but liars figure". The correct quote has a vastly different meaning in American Vernacular. The origin is attributed to Mark Twain, but has an earlier basis:

"Quote Investigator: The saying has been credited to Mark Twain for more than ninety-five years, but the first citation for Twain located by QI is dated 1913. This is after Twain’s death and there is no corroborating evidence for the attribution in Twain’s own writings."

"Carroll D. Wright was a prominent statistician employed by the U.S. government, and he did use the expression in 1889 while addressing the Convention of Commissioners of Bureaus of Statistics of Labor. But Wright did not claim that he coined the expression [CDW1]:"

The old saying is that “figures will not lie,” but a new saying is “liars will figure.” It is our duty, as practical statisticians, to prevent the liar from figuring; in other words, to prevent him from perverting the truth, in the interest of some theory he wishes to establish.

The meaning is clear: facts (especially math facts) do not lie, but liars will use "figures" to attempt to corroborate their lies. Observe the great Match-stick empires built up in the early 1900's, and sold to investors on the stock market of that era.

Has it ever occurred to you that the reason American GDP rates have been sluggish for the last 40 years is because of the wage stagnation and rapidly increasing wage in equity in the United States?

If you read it closely, the last part of your statement makes no sense. It sounds like you are trying to tie in the new socialist mantra of "equity" into your slogan. In fact, the two conjunctions of your statement "the wage stagnation" and "[the] rapidly increasing wage in [-] equity..." are mutually exclusive. The phrase only sound good to you because the second part includes your special phrase "equity", which your pushers have adopted. What you [they] are really referring to is the fact that wages haven't kept up with inflation. Most will agree with that. What causes economic inflation is due primarily to increases in socialism. Socialism will always fail to produce a benefit to lower income individuals. This has been proven time and time again throughout history. It's an imbalance in the economy caused by government over-reach.

You have the lowest minimum wage in the free world.

Citation? No, in my own personal experience, I have known (first hand...been there to see them) people in foreign countries who appear to be making less money (if wages were compared on the monetary exchange), however they have significantly higher standards of living (purchasing power).

Growth is dictated by supply and demand. Republican economics has favoured the supply side over all else.

Here, you are trying to implicate the theory of "supply-side economics" backed by former POTUS Ronald Reagan. It actually worked for the people of USA, and we experienced a modest recovery from the huge inflation and draconian socialist "re-distribute all wealth" policies that Carter started to implement in the 70's (no bad feelings toward Carter, his greatest achievement was funding the EPA, which did a lot of good, but not connected to general economic trends of the time). Bottom line of supply side economics was: those who produce goods and services will be rewarded. This is the correct stance, unless you intend to drown yourself in debt and squalor.

Right now you’re complaining about the lack of supply.

Only your three letter friends are complaining. We have plenty, could make due with much less if needed, however everyone seems to be pushing to get their goods to our shores.

That’s because Joe Biden programs have put thousands of dollars into the hands of low wage workers via child tax benefits, and his other build back better programs. For the first time in decades, the working poor have cash in the bank and they’re spending it. Sales of everything are up.

I disagree. For the first few years in decades, former POTUS Trump enabled businesses to try to expand and hire more people which would benefit everyone by giving small business tax breaks. So far, in the few months the socialists took the presidency, the only thing we've heard are threats about higher taxes, and most are grimacing at the idea that we'll be facing higher taxes by the end of next year. My kids are now another $10,000 in debt thanks to his reckless spending, and in the next year or two the price tag is likely to come due. The only thing that would alter this, God forbid it, is a major war. So basically, the socialists are fueling the need for more war so that they can quench their ever-expanding delusional spending. The only reason we got out of Afghanistan was because Mr. Trump *Forced* the incoming pouts' hand by making those treaties and reducing troop numbers the way he did.

Low wages have kept your GDP growth sluggish for decades. But keep drinking the Republican Kool-Aid on that.

Not low wages: inflation and over-taxation have kept GDP growth sluggish...any reasonable major company CEO will not keep operations on soil where growth is so limited due to the taxes and inflation. We actually had a mass-migration of corporate equity back into the USA before the election was stolen, but that trend is undoubtedly ceased.

Why don't you stay in Canada and promote your ideas there, if they are so great? I hear they are letting your poor people go hungry because they need so urgently to keep the supply chain of timber, grain, and hydro flowing south of the border (all to keep their great socialist dreams from collapsing).