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Started By
Message
re: In 1 year, Trump accomplished what Obama couldn't in 8: 3.0%- EDIT cause I have the dumb
Posted on 9/28/17 at 12:09 pm to Sidicous
Posted on 9/28/17 at 12:09 pm to Sidicous
quote:Of course, efficient and effective spending and use of resources is going to have a better impact on the economy.
but spending =/= the "P" in GDP. Productivity =/= just spending money, a look at welfare shows that. Keep throwing money at welfare recipients they still are not becoming productive.
However, even if a person on welfare is completely unproductive, the economic activity of their spending will have some impact in the GDP, all else being equal.
2
Posted on 9/28/17 at 12:11 pm to buckeye_vol
quote:
Yes. And the discussion was based around why it dropped from 4.0% to 2.2% You said the 1.8% it was the a result Hurricanes, and I was disagreeing that it was SOLELY due to that.
You don’t have to believe me however I didn’t intend to mean solely.
Posted on 9/28/17 at 12:16 pm to buckeye_vol
quote:
Of course, efficient and effective spending and use of resources is going to have a better impact on the economy.
However, even if a person on welfare is completely unproductive, the economic activity of their spending will have some impact in the GDP, all else being equal.
Also watered down by their black market spending. Crack, heroin, pot, even still some bootleg booze, prostitution, etc., doesn't enter into the GDP. Their consumption of Cheetos and Cola's does though.
Posted on 9/28/17 at 12:17 pm to buckeye_vol
I’ll just add this concerning the 3Q GDP number:
LINK
quote:
The Census Bureau said Thursday the U.S. trade in goods deficit shrank by $62.9 billion in August, down $0.9 billion from $63.9 billion in July. Exports of goods for August were $128.9 billion, up roughly $0.3 billion from July, while imports were down $0.6 billion in August to $191.8 billion.
The report will be a net positive for third quarter (3Q) gross domestic product (GDP), which comes on the same day the final reading of second quarter (2Q) GDP came in at a solid 3.1%.
LINK
Posted on 9/28/17 at 2:36 pm to GumboPot
quote:
I didn’t intend to mean solely.
When your entire explanation for the 4-2.2 drop consisted of
quote:
Two hurricanes in very populated areas of the nation.
:jenniferlawrencethumbsup:
Posted on 9/28/17 at 2:38 pm to cokebottleag
Just think if the republicans were on his side, well after he is reelected:
5%
blee dat
5%
blee dat
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