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Reply to "Trump 47 Economy"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The -.3% is because of a large boost in imports ahead of tariffs, which is a negative in GPD calculations. [/quote] Imports do not reduce GDP. In the GDP formula they are subtracted because they are included in C, I and G, and the goal is to isolate domestic production. If imports hadn't surged, CIG would be lower. Imports are independent of domestic production. GDP = C+I+G +(X–M) https://fredblog.stlouisfed.org/2018/09/do-imports-subtract-from-gdp/[/quote] Steering the economy constantly with artificial subsidies like massive green energy subsidies causes economic dislocation and deficits. Who knew? Now we're like a heroine addict coming off the sugar. Printing dollars endlessly and dropping helicopter money everywhere had long term consequences. Shocking, eh?[/quote] Green economy is a triple bottom line benefit: - green jobs - cleaner air and water which has a positive impact on the environment and public health - energy independence which also means the US can export oil and gas and also save on military spending.[/quote] Nope. - Green jobs are artificial and expensive - unless the government mandates and subsidizes, they aren't appearing in the first place - crap like forcing EV buying through mandates like federal fleets for the post office are expensive and borne by the tax payer - forcing the military to purchase biofuels instead of petroleum is expensive - at the end of that EV charging station is a smokestack, so no again on clean air - allowing China to poor mouth itself as a developing economy while we unilaterally shoot ourselves in the foot through artificial feel-good mandates kills our competivesness in a global economy - the more you spend on artificial edicts like green energy, the more you starve other industries because tax revenue cannot be spent in two places at once. We were literally starving other industries because of political mandates from the ivory towers of Washington DC. Command economies fail every time. Learn to see ALL sides of the argument, not just the ones you want to tout. There are positives and negatives to every spending decision.[/quote] If the green economy is such a bad idea, why is the Trump administration funding huge solar farms? https://heatmap.news/plus/the-fight/spotlight/trump-bureau-land-management-elisabeth-solar[/quote]
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