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OT: American Politics

“GOP” growth.

lol

The GDP growth rate can definitely drop by “50%” from year to year - especially nominal GDP, which includes… ta da… an inflation component (the GDP deflator.) So by doing it’s job, i.e. brining inflation back to target, the Fed can certainly reduce nominal growth. It probably reduced real growth too, but likely not by much.

Anyway, widespread innumeracy (talking about per cent change of percentages) and economic illiteracy makes it easy to sell the outrage when it isn’t there in any meaningful sense.

Of course, none of this really matters, coz the cult laps up any and all cheer points to keep their their rage and hate fresh. It’s all about motivation and turnout.
 
Last edited:
lecoqsportif said:
“GOP” growth.

lol

The GDP growth rate can definitely drop by “50%” from year to year - especially nominal GDP, which includes… ta da… an inflation component (the GDP deflator.) So by doing it’s job, i.e. brining inflation back to target, the Fed can certainly reduce nominal growth. It probably reduced real growth too, but likely not by much.

Anyway, widespread innumeracy (talking about per cent change of percentages) and economic illiteracy makes it easy to sell the outrage when it isn’t there in any meaningful sense.

Of course, none of this really matters, coz the cult laps up any and all cheer points to keep their their rage and hate fresh. It’s all about motivation and turnout.
Click to expand...

he must have been given some number regarding the recent 1st Q early estimate of 1.6% growth. Not sure what that's "down 50% from", exactly, but then again it's not a great number either. Atlanta Fed estimates 3.3% for Q2 tho.


annual-gdp-growth-of-the-united-states-since-1990.jpg
 
I'm not really surprised - I called it career suicide from the start.

but i was surprised that there was seeming to be enough late breaking dog killing support on fox that i started to think she might actually somehow pull through it.

but now it's the obvious lie about meeting Kim that seems insurmountable.
 
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