It's totally amazing how you guys can totally ignore the polls which say that American's number one concern is the economy, which translates into millions and millions of Americans can't afford to live anymore. But, you fools ignore that and say our economy is the envy of the world. Why are you ignoring millions of people who can't afford to live anymore?Despite all the whining and lying by MAGA World, and their praying for America to fail, the US is kicking ass.
The American economy has left other rich countries in the dust
Even more striking is how America has outperformed its peers among the mature economies. In 1990 America accounted for about two-fifths of the overall GDP of the G7 group of advanced countries; today it is up to about half (see chart). On a per-person basis, American economic output is now about 40% higher than in western Europe and Canada, and 60% higher than in Japan—roughly twice as large as the gaps between them in 1990. Average wages in America’s poorest state, Mississippi, are higher than the averages in Britain, Canada and Germany.
And America’s outperformance has accelerated recently. Since the start of 2020, just before the covid-19 pandemic, America’s real growth has been 10%, three times the average for the rest of the G7 countries. Among the G20 group, which includes large emerging markets, America is the only one whose output and employment are above pre-pandemic expectations, according to the International Monetary Fund.
And if any of you Putin-lovers think our inflation is bad...
Russia's central bank has hiked the key interest rate by 200 basis points to a record-high 21% in a bid to fight inflation, fuelled by military spending.
Here's the thing about GDP and warfare. If you build a bunch of tanks, the cost of those tanks counts toward your GDP. So your GDP growth looks great. On paper.
But...
All you have to show for it is a bunch of pieces of burnt metal.
He’s probably one of the most intelligent posters on the site if not the most intelligent.
There isn’t $2 trillion that can be safely cut from the budget. Do you know what he won’t cut SpaceX exploration. That’s his Cashcow.
But not the envy of the citizens who live here. Unfortunately the world doesn't vote in our elections.. not yet anyway.Despite all the whining and lying by MAGA World, and their praying for America to fail, the US is kicking ass.
The American economy has left other rich countries in the dust
Even more striking is how America has outperformed its peers among the mature economies. In 1990 America accounted for about two-fifths of the overall GDP of the G7 group of advanced countries; today it is up to about half (see chart). On a per-person basis, American economic output is now about 40% higher than in western Europe and Canada, and 60% higher than in Japan—roughly twice as large as the gaps between them in 1990. Average wages in America’s poorest state, Mississippi, are higher than the averages in Britain, Canada and Germany.
And America’s outperformance has accelerated recently. Since the start of 2020, just before the covid-19 pandemic, America’s real growth has been 10%, three times the average for the rest of the G7 countries. Among the G20 group, which includes large emerging markets, America is the only one whose output and employment are above pre-pandemic expectations, according to the International Monetary Fund.
And if any of you Putin-lovers think our inflation is bad...
Russia's central bank has hiked the key interest rate by 200 basis points to a record-high 21% in a bid to fight inflation, fuelled by military spending.
Here's the thing about GDP and warfare. If you build a bunch of tanks, the cost of those tanks counts toward your GDP. So your GDP growth looks great. On paper.
But...
All you have to show for it is a bunch of pieces of burnt metal.
GDP also looks falsely good with an inflated currency such as the one we're working with now.Despite all the whining and lying by MAGA World, and their praying for America to fail, the US is kicking ass.
The American economy has left other rich countries in the dust
Even more striking is how America has outperformed its peers among the mature economies. In 1990 America accounted for about two-fifths of the overall GDP of the G7 group of advanced countries; today it is up to about half (see chart). On a per-person basis, American economic output is now about 40% higher than in western Europe and Canada, and 60% higher than in Japan—roughly twice as large as the gaps between them in 1990. Average wages in America’s poorest state, Mississippi, are higher than the averages in Britain, Canada and Germany.
And America’s outperformance has accelerated recently. Since the start of 2020, just before the covid-19 pandemic, America’s real growth has been 10%, three times the average for the rest of the G7 countries. Among the G20 group, which includes large emerging markets, America is the only one whose output and employment are above pre-pandemic expectations, according to the International Monetary Fund.
And if any of you Putin-lovers think our inflation is bad...
Russia's central bank has hiked the key interest rate by 200 basis points to a record-high 21% in a bid to fight inflation, fuelled by military spending.
Here's the thing about GDP and warfare. If you build a bunch of tanks, the cost of those tanks counts toward your GDP. So your GDP growth looks great. On paper.
But...
All you have to show for it is a bunch of pieces of burnt metal.
Um...have you not heard of real GDP?
Yes, I understand your MAGA media tells you things suck, even though they don't.
If the skeezer would get elected, God forbid, she will let the Trump tax cuts expire, costing the average $70K earner $2500 more in taxes per year. That's what Kamala would cost the average Joe. She's full of shit with her tax the rich jive. Democrats are the party of the rich. Then throw in her carbon tax, her higher capital gains tax rate and her tax on unrealized capital gains and you have the recipe for another 1929. The skeezer already showed what she got by ******* up our economy and our border during her time in charge. We ain't going back there. Turn the page. MAGA
I swear I do not understand people who feel that there are only two options comply with the government propaganda or advocate for failure. It's a false dichotomy and it's one of the left's favorite tactics.
It never works.... You're basically increasing taxes on the people who supply society with everything from soup to nuts. The cost will be passed along to the consumer and the tax increases will effectively be on everyone regardless of income category.
Well that's certainly good news. let's hope it continues. I'm not hoping for bad news. I don't actually give a shit who wins in November to tell you the truth. I'll take your word for it.
Of course I've noticed the wealth Gap.
