It's the Economy Stoopid

Anonymous
Math is hard, huh?
Anonymous
Anonymous wrote:GDP up a whooping 33.1% annualized for the 3rd quarter. Thank you President Trump!



I drove my car off a cliff. It fell 100 feet. I was able to get it back up 32 feet. Where is the car?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:GDP up a whooping 33.1% annualized for the 3rd quarter. Thank you President Trump!


It went down 31% in the last quarter dummy. There is also a substantial lag.


Which means the recovery is fast and net net up 2% annually. Obama barely got to 2% and he didn't have a virus from ChiNa to deal with...


You have $1000 in your wallet.

I take 31% of your money -- $310. Now you have $690.

Three months later, I give you back 33% of your money.

How much is in your wallet now?


I know this is a rhetorical question, but I'm actually going to answer because I think some people still don't get it.

You would have $918.39, more than 8% less than what you started with.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:GDP up a whooping 33.1% annualized for the 3rd quarter. Thank you President Trump!


It went down 31% in the last quarter dummy. There is also a substantial lag.


Which means the recovery is fast and net net up 2% annually. Obama barely got to 2% and he didn't have a virus from ChiNa to deal with...


You have $1000 in your wallet.

I take 31% of your money -- $310. Now you have $690.

Three months later, I give you back 33% of your money.

How much is in your wallet now?


I know this is a rhetorical question, but I'm actually going to answer because I think some people still don't get it.

You would have $918.39, more than 8% less than what you started with.


I still don't think they get it.

Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:GDP up a whooping 33.1% annualized for the 3rd quarter. Thank you President Trump!


It went down 31% in the last quarter dummy. There is also a substantial lag.


Which means the recovery is fast and net net up 2% annually. Obama barely got to 2% and he didn't have a virus from ChiNa to deal with...


PP, are you really this stupid. Stupid cannot be fixed, so I hope you are just trolling.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:GDP up a whooping 33.1% annualized for the 3rd quarter. Thank you President Trump!


It went down 31% in the last quarter dummy. There is also a substantial lag.


Which means the recovery is fast and net net up 2% annually. Obama barely got to 2% and he didn't have a virus from ChiNa to deal with...


PP, are you really this stupid. Stupid cannot be fixed, so I hope you are just trolling.


ANNUALIZED. Do you really think that Q4 is going to be great with (hopefully) lame duck Trump?
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:GDP up a whooping 33.1% annualized for the 3rd quarter. Thank you President Trump!


It went down 31% in the last quarter dummy. There is also a substantial lag.


Which means the recovery is fast and net net up 2% annually. Obama barely got to 2% and he didn't have a virus from ChiNa to deal with...


PP, are you really this stupid. Stupid cannot be fixed, so I hope you are just trolling.


ANNUALIZED. Do you really think that Q4 is going to be great with (hopefully) lame duck Trump?


No, don't try to blame this on quarter vs. annual. You don't know how percent increases and decreases work.
Anonymous
The US economy at the end of September was 3.5% smaller than it was at the end of 2019.

For most politicians running for re-election, this would be catastrophic. I have no idea why it isn't for Trump.
Anonymous
Anonymous wrote:The US economy at the end of September was 3.5% smaller than it was at the end of 2019.

For most politicians running for re-election, this would be catastrophic. I have no idea why it isn't for Trump.


Because many people have a broader perspective.

The decline in GDP was caused by lockdowns instituted to deal with a global exogenous shock. Many are not blaming him that a pandemic that hit the rest of the world also hit the US, nor that lockdowns were the method just about every country except Sweden and a few others like Japan and Korea used to deal with it.

Despite the lockdown, the US has fared better than every other major advanced economy country. Here are the estimates for 2020 GDP growth for all major advanced economies from the IMF's World Economic Outlook published in October. The US figure likely will be adjusted upward in final year-end numbers to account given the better than anticipated third quarter growth in US GDP.

US: -4.7%
Euro area: -8.5%
Germany: -6%
France: -10.0%
Italy: -10.8%
Spain: -12.8%
Japan: -4.9%
UK: -10.4%
Canada: -8.4%
Anonymous
In the 8 years under 44 the gdp averaged 1.57% growth per year. In the first three years under 45 it averaged 2.3% and through Q3 2020 averaged 1.7%. This includes the once in a century pandemic.
Anonymous
Anonymous wrote:The US economy at the end of September was 3.5% smaller than it was at the end of 2019.

For most politicians running for re-election, this would be catastrophic. I have no idea why it isn't for Trump.

Because this election never was about the economy. It was always about Trump himself. You either love him and he can do wrong or hate him and he can do no right. Almost nobody in the middle and nobody undecided.

This thread should be titled, "It's you, stupid."
Anonymous
anything goes for the economy with Republicans.

Like removing environmental protections of Alaska’s Tongass National Forest. Let’s cut all the trees and will get a great boost in lumber industry!

Scorched Earth is what will be left behind after your great economic growth. F that
Anonymous
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:GDP up a whooping 33.1% annualized for the 3rd quarter. Thank you President Trump!


It went down 31% in the last quarter dummy. There is also a substantial lag.


Which means the recovery is fast and net net up 2% annually. Obama barely got to 2% and he didn't have a virus from ChiNa to deal with...


You have $1000 in your wallet.

I take 31% of your money -- $310. Now you have $690.

Three months later, I give you back 33% of your money.

How much is in your wallet now?


I know this is a rhetorical question, but I'm actually going to answer because I think some people still don't get it.

You would have $918.39, more than 8% less than what you started with.


I still don't think they get it.



No, you would have $330 because you needed to live during those 3 months.
Anonymous
Anonymous wrote:In the 8 years under 44 the gdp averaged 1.57% growth per year. In the first three years under 45 it averaged 2.3% and through Q3 2020 averaged 1.7%. This includes the once in a century pandemic.


It also included quadrupling the debt and deficit spending. It also included growing unemployment. Consider, Obama inherited an economy that was in freefall and stabilized it. Trump inherited that stabilized economy and trashed it.
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