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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe MSM seems to delight in talking about the GDP being the greatest
rise ever. But they don't explain if you are in a 100 foot hole and you climb out 35 feet you are still in a 65 foot hole.
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The MSM seems to delight in talking about the GDP being the greatest (Original Post)
doc03
Oct 2020
OP
Also the way percentages work. After a 50% drop, a 50% gain does not get you back where you started
unblock
Oct 2020
#2
Exactly There is one thing I fault Democrats and Obama for, they never took credit for
doc03
Oct 2020
#4
I have not heard any of them say this...they say the growth was due to stimulus.
Demsrule86
Oct 2020
#3
Quarterly number are ANNUALIZED (x4) - the gain is at what cost to our National health?
NoMoreRepugs
Oct 2020
#5
Boogiemack
(1,406 posts)1. Wonder what they will be saying December 31?
unblock
(55,750 posts)2. Also the way percentages work. After a 50% drop, a 50% gain does not get you back where you started
doc03
(38,577 posts)4. Exactly There is one thing I fault Democrats and Obama for, they never took credit for
getting us out of the damn Bush recession. Now the economy is the only thing that Trump gets positive numbers on.
I mean the facts are there, the un-employment, debt, business failures the trade deficit but Democrats don't use them.
Demsrule86
(71,274 posts)3. I have not heard any of them say this...they say the growth was due to stimulus.
NoMoreRepugs
(11,705 posts)5. Quarterly number are ANNUALIZED (x4) - the gain is at what cost to our National health?
Atticus
(15,124 posts)6. Then too, what was the cost of that economic "good news" in terms of American deaths? "Opening up"
goosed our GDP, but it also poured gasoline on the Corona virus fire.