GDP GREW 5.7% IN 2021,BEST YEAR SINCE 1984

2022 will also hit 5% GDP.

This may help the Dems keep control of Congress, or at least one house.

 

But the net official inflation rate is based on what they consider to be standard purchases. They don't match mine and anyone else I know of.

In addition, they do not take into account that a particular item may not be available and you have to buy a more expensive substitute. That also, by the way, runs up the GDP without being of any benefit to the consumer.

 

Do you really think anyone looks at the GDP and uses it as a reason to vote for a particular candidate?

 

What metrics do you actually have to contradict them?

 

Candidates constantly use GDP as a talking point. And economic conditions do influence the vote. Trumpists were constantly trying to drum up GDP numbers (though they constantly conflated quarterly for annual)

 

LOL! Obama's supposedly weak average GDP growth was used by the GOP CONSTANTLY throughout his eight years to drum up support against him. And Trump touted his GDP growth and the stock market all the time, in particular before he got elected, when he said that GDP could grow 4%, 5% or even 6% under him. I guess he said all that knowing that people don't vote on the basis of the economy?

 

It depends on whether the numbers released reflect real GDP or nominal GDP.

 

Absolutely. But in this case it was real GDP.

 

You are not understanding what I am saying. The inflation for individual items may be correct. However, no one buys just single items. We all buy a mix of items. The net inflation of everything we buy is over ten percent, even though some items are less and some items are more.

 

People do not look at the GDP and consider it their economy. They vote on how they are doing.

 

in a national election? yes

 

They collectively looked at the item purchases. If you think the net inflation is that high, then produce your research. You'll probably get a Nobel Prize. Seriously. I'm not joking. If you could really demonstrate that, you'd be one of the most famous names in the field of economics.

 

Welcome to the last 40 years of 'Murican capitalism...

 

My expenses have gone up a lot more than their 7%. Most people I know have indicated the same thing.

 

Mine have not. Most people I know have indicated the same. Hence why economists (who universally disagree with you) rely on research, not anecdotes. You need more than feelings and anecdotes if you are going to disprove economic research.

 

You do still realize that as a comparison to 2019/2020, 2021 GDP is still smaller, right? So even with the rebound, the economy is still smaller that it was before democrats tanked the economy with their lockdowns....

 

Just an example. My gas went from 1.90 to 3.13 a gallon. Perhaps your economists don't drive... It's impossible for you to suggest that costs have not gone up. Every measurable consumable from wood to eggs is far more expensive. Steel, copper, any building supply, labor, everything is up. So, not sure what you do, or how small your bubble of isolation is where you haven't seen any cost raise, but I find it less that plausible.

 

They are real. GDP did go up. The criticism is the economy is STILL smaller than it was in 2019/2020 pre democratic lockdowns. And with recovery has also (as a side effect of stimulus) caused inflation that is driving the value of the GDP improvement into negative territory. Think about it this way, the cost of everything went up, driving GDP, Inflation is rising faster than GDP, the economy is thusly loosing ground to inflation.

 

Coming after the deepest fall since the great depression we would expect such gains.Thankfully President Trump's policies got that going. Unfortunately President Bidens slowed that recovery and is threatening to end it and send us into stagflation again.

 

Jesus ****ing Christ, did you read a single thing I wrote before "responding"? No one is claiming that prices haven't gone up. No one. Anywhere. Ever. Please read if you are going to "respond."

 

Who was in the WH during the 2020 lock down?

 

Where is the evidence that the economy is smaller than then?

 

Inflationary dollars that are not worth what they were a year ago at the producer level but about 10% less. What are you trying to brag about here?

 

They vote based on how the situation is sold to them. GOP went on about Obama's GDP numbers (ok, but not great numbers) in an effort to brainwash the base into thinking the economy sucked. Then Trump came in promising 5% steady growth, but managed 1.5% over course of his presidency (worst since WW2). Now we hit 5.7% (best in 40 years) and the argument is "no one looks at those numbers". Politics as usual.

You said the same thing few days ago, and I provided the numbers which proved you wrong. Now you are back repeating the same fake news.

 

Get over yourself. https://www.factcheck.org/2021/01/what-president-biden-inherits/