re: The argument about "trump economy just on same trajectory as Obama, no big deal"

quote:

---

By definition GDP Growth is expansion.

Obviously 3% is better than 1.8% but regardless both denote expansion.

Recession would be negative GDP growth

---

Sorry but you have to take inflation into account. And true inflation at that, not the garbage index our government uses.

Do you guys not understand that GDP is essentially the total of dollars spent on goods and services in a calendar year, which accounts for COLA too?

Why is every COL adjustment that every actuarial uses at a minimum of 3%, but our government uses some retarded figure that doesn’t account for food and fuel?

We are in an inflation bubble right now. Bush added $1T of QE and Obama added $5T of QE. This doubled our M2 money supply. But they only allowed the inflation rate to go up 14.8% over the last 8 years.

That’s absurd. That’s how you make a terrible economy look better than it really is. Add enough newly printed dollars to reduce the value of the dollar by 50%, but then only devalue the dollar by 15%.

I don’t know about you, but a gallon of milk went up a lot more than 15% since 2008.

1.8% GDP growth isn’t an “expanding economy”. 3.0% GDP growth is actually just keeping up with hysterical average inflation.