GDP GREW 5.7% IN 2021,BEST YEAR SINCE 1984

I gave you real world examples that your economists should have taken into account. Perhaps it's their research you should be questioning, and using as holy writ. It's BS. The basic prices of many things far exceeds 7%. And even the GAO says its at least 9%. So "most" of those you're relying on are in direct conflict with the actual data. You should try reading what was excluded so you at least know how stupid your source material is before you cite it.

 

Nancy, Cuomo, Schumer, I think they all visited....

 

LOL... You really didn't just write that... "where is the evidence"..... LOL.... no really... LOL

 

Snark can't cover the truth.

 

I never voted based on the GDP and I don't know of anyone else that did.

 

They have. I've linked to the research.

Their research accounted for this.

No one said otherwise. Their research accounts for that. No one said 7% is the ceiling for all industries.

Overall? Link? That would actually be topical.

No, all you are demonstrating is that you didn't understand the discussion.

You never looked at the source material and clearly haven't understood it.

 

Yes. I have. So . . . can you answer? I'm looking at a graph of real GDP over time as we speak. It's exactly as I've explained it before.

 

So BEA says total GDP in dollars for 2019 was 22.79T. Which is bigger than 2022 GDP at just over 22T. That gap of almost 1T is missing. Oh, and now take out gross governmental stimulus and the numbers get worse and worse. Now add inflationary devaluation of 10% and it sucks more. The numbers aren't your friend.

 

Just today while oil prices went down natural gas price went up 72% today , and that is what produces most of our electricity.

 

Can you quote any economist who agrees with your interpretation of those numbers?

 

The truth is that those folks were the architects of the economic disaster. And no, humor in this case just makes there deeds that much worse.

 

This is what happens when democrats squeeze consumption of travel/ and at the same time artificially limit supply of NG. Thanks for pointing that out. What effect do you suppose LNG costs rising 72% will have on the economy?

 

And why didn't you mention 2020 or 2021?

 

Who needs interpretation? GDP is less than it was, still hasn't fully recovered, inflation is devaluing any actual valuations making increase artificial at best, and further inflation will erode output and consumption in both the short and long term. The only economists that think this is "great" are socialist/marxists who want to see yet more dependence on government hand outs, further destroying output. This still is pretty simply, it all looks like democrats cheering for blowing up the economy and not understanding what the numbers actually demonstrate is happening within the economy.

 

The price of fracking natural gas did not suddenly rise by 72%, it is again capitalist greed rearing it's ugly head.

 

That's why any honest person would want to see GDP over time adjusted for inflation before jumping to the conclusions that you have.

I take it you've never spoken to ANYONE who works in economics. The field, especially in the US, is famously conservative/capitalist/free market leaning.

You've been hiding from the real numbers. You've hidden part of the X axis from your "interpretation" (I think that is literally Chapter 1 or 2 in How to Lie with Statistics) in order to reach your conclusion, and you haven't even clarified if you are looking at real or raw GDP.

The fact is that the economy is growing, in real dollars, despite inflation, and that it is back on track to the trend it had already been on for several years.

 

All that fracking is driven by conventional energy costs which have gone up considerably. For instance, fracking requires a special kind of water which is hauled in by trucks burning much more expensive Diesel fuel.

 

So......you think it's relevant to compare pre-COVID GDP during a time when the economy was being effected by Trump's deficit inducing, sugar high tax cut, to 2021 with the world still dealing with the impact of a pandemic? Ha.

 

The economy is typically the #1 criteria, and the opposition (both parties) always claims the economy sucks, and they use some measure to sell the argument, and the measure is usually the GDP, because that number has not been very good in the past 30 years.

 

I'm surprised and delighted you touched on that! It also shines dim light on people that haven't a clue about what they post and think they know.. Yup frac trucks and all the mats used for the procedures are BEAMED out to the gas fields "Sometimes 100's of miles away"

Well done on an accurate point to fracking

 

Well in this case it's HARDLY just a claim, it a HAPPENING

 

It was 21.4T in 2019, and then we took a hit in 2020 when Trump shut down the economy, and now we are going up again. There is no official number for 2021 yet (let alone 2022), but it will be in 21500.00 range for 2021 and over 22T for 2022. Why is that number meaningful to you?

 

The GDP is the only real measure of the countries economic strength that we have.

 

Very doubtful, the DNC is still pushing the Flu fearmongering narrative. Any GDP improvement will simply be because inflation is driving up the CPI and false flagging consumer spending..

 

Thats nonsense, Trump didn't want to shut anything down. Thats was all DNC and STILL IS! I love how the same people complaining then of Trump not doing ANYTHING in 2020 now somehow think he did EVERYTHING lmfao