General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI don't get the talking heads talking point about the 7.9 GDP growth
Yes, that's a good number. But you don't get to claim victory without looking at why we get that kind of number. It's because the economy went into the dump and a lot of business had to close down (some temporary, some permanent). So I don't see how this is a win for Trump.
Johnny2X2X
(19,060 posts)Which just means we reopened the economy in Q3.
Claustrum
(4,845 posts)I will correct it if I hear differently.
lagomorph777
(30,613 posts)Which is similar to the local growth in a region hit by a hurricane; it's disaster recovery.
Trouble is, the disaster is starting all over again.
Roland99
(53,342 posts)2020 will still likely fall under 2019 overall
lagomorph777
(30,613 posts)agingdem
(7,849 posts)and if they do, the GDP takes a back seat to the covid: the 230,000 dead, massive unemployment, empty food banks, and parents afraid to send their kids to school...if Trump is looking at this as a "way back in"...don't mean thing...
C_U_L8R
(45,001 posts)That's Trump for you. Only he'll say it was the best road ever and the world should thank him and call him 'sir'.
Laura PourMeADrink
(42,770 posts)the press who can't question him. He mutes mics. Then just says outrageous things. The press allowed him to do it by participating. Going to his copter conferences when they should have just boycotted it and demanded proper forum.
Control press. Control AG office. Control SC. Has all chess piece blockers in place.
unblock
(52,208 posts)Still losing the game massively and the coach is getting fired regardless.
Bad Thoughts
(2,522 posts)The fact that repairing broken windows leads to some economic growth does not mean that prosperity can be reached by breaking all the windows.
lagomorph777
(30,613 posts)Bad Thoughts
(2,522 posts)Ask anyone how they feel about a big bill from their doctor and their automechanic: are they getting something better or are they just bringing thing back to normal?
lagomorph777
(30,613 posts)Renew Deal
(81,856 posts)It's not going to make a difference either way.
Clearly fogged in
(1,896 posts)Here's a link
https://www.bankrate.com/glossary/g/gdp/
They say -
There are three different approaches for measuring GDP: production, expenditure, and income. The production approach is the most direct method: by totaling all output and subtracting input costs, you have GDP. The expenditure approach measures all spending in an economy, while the income approach totals all income earned in an economy.
central scrutinizer
(11,648 posts)Suppose you suffer a 30% loss followed by a 30% gain. Are you back to where you started? No, youre 9% lower than where you started.
durablend
(7,460 posts)Anything that makes Trump look good is ok by them.