GDP GREW 5.7% IN 2021,BEST YEAR SINCE 1984

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Jan 27, 2022.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    With inflation running 7%, 5.9% don't make it does it. And with producer prices hitting 10% on a strong upward trend it don't look good down the road. And if Biden insist on pour money free money into the economy it will get worse.
     
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  2. yardmeat

    yardmeat Well-Known Member

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    Again I ask, and again you will run away: where is your evidence that the number is much higher, and how did you arrive at your number?
     
  3. ButterBalls

    ButterBalls Well-Known Member

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    Wow you need to find a better job to keep up with inflation LMFAO, perfect leftist ideology, can't afford inflated gas prices, home heating and food?

    Ride a bike or walk, wear a jacket around the house and eat less, the weight loss will be good for you and your children!

    FFS, never thought this country would get this ridiculous :no::roll:
     
  4. Bluesguy

    Bluesguy Well-Known Member Donor

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    Go learn the difference between producer prices, consumer inflation and GDP. And yes Trump had the economy on a very strong recovery starting 3rd quarter of 2020 with unemployment WAY DOWN from the spring summer peaks. And yes the dollars earned now are worth 7% less than last year.

    Try refuting what I post.
     
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  5. kriman

    kriman Well-Known Member Past Donor

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    I can only base it on my experience and I have already discussed it. Other people I know also say the official inflation rate is lower than what they are experiencing.
     
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  6. ButterBalls

    ButterBalls Well-Known Member

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    I doubt this information will matter or be understood by most here, but I appreciate the facts, it's actually a breath of fresh air!!!!!!
     
    Last edited: Jan 27, 2022
  7. yardmeat

    yardmeat Well-Known Member

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    Go learn that real GDP is adjusted for inflation.

    Unlike Trump supporters, I know how to read a graph and observe trends. You guys always rely on hiding parts of the X axis. Again, pretty sure this is chapter 1 or 2 of How to Lie with Statistics. Unemployment had been on the same basic trend for years. Try looking at the seasonally adjusted numbers and look over a longer time period. Trump did jack ****.
     
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  8. yardmeat

    yardmeat Well-Known Member

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    Anecdotes are not evidence. Surely you realize this is an irrational argument.
     
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  9. Hey Now

    Hey Now Well-Known Member

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    You are crushing all the talking points!!! :)
     
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  10. ButterBalls

    ButterBalls Well-Known Member

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    The answers are, have been posted on this site at least a 100 times :) Goes to show, some things are clearly glossed over and never even considered worthy of attention :drool:
     
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    Go learn the difference between producer prices, consumer inflation and GDP. And yes Trump had the economy on a very strong recovery starting 3rd quarter of 2020 with unemployment WAY DOWN from the spring summer peaks.
     
  12. kriman

    kriman Well-Known Member Past Donor

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    Anecdotes are evidence. It may not be all you want, but I suspect no amount of evidence would convince you.

    There is no reason to believe my experience is any better or worse than most people. I buy the same groceries and burn the same gasoline. Additionally, most of the people I know say inflation is a problem.
     
  13. ButterBalls

    ButterBalls Well-Known Member

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    Yes, but at set point

    Ya crushing the facts :)

    So simple huh :)
     
    Last edited: Jan 27, 2022
  14. Bluesguy

    Bluesguy Well-Known Member Donor

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    If you have something to say then say it. I have been living through it I don't have to go look it up.

    Here is what I said a year ago December


    http://www.politicalforum.com/index...ed-negotiations.582722/page-4#post-1072313104

    "The unemployment rate in Georgia in October was 4.5% it ticked up to 5.7% last month but now we have the vaccine and things will start opening even more. In my Southern Country just read ".....County's unemployment is at 3.6 % right now. It’s the lowest in the area and lower than the state average, which is at 4.4%." thank you President Trump and your economic and COVID teams and our Republican state government.

    That's full employment why do we need all that money being massively doled out instead of targeted spending? Or is this about buying votes with taxpayer money? Why not $2000? Why not $5000?

    Do you really think the Democrats to start slapping on huge tax rate increases on everyone and taking on HUGE amounts of even more debt rather than trying to turn that around is what will get us back into a full recovery, better than what we have had this quarter? What's Biden's plan that we need a Democrat Senate to rubber stamp? How did that work out last time he was in charge of an economic recovery?"
     
    Last edited: Jan 27, 2022
  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    Never said it wasn't. Here is what I responded to

    I said: Inflationary dollars that are not worth what they were a year ago at the producer level but about 10% less. What are you trying to brag about here?

    Unlike conservatives you don't know the difference between GDP and inflation and producer prices. Unemployment got on that trend after the Republicans took back the Congress and then hit record lows under a Rep president and a Rep congress. Unemployment fell HUGELY while Trump was still President and GDP was recovering strongly. Biden has slowed that with his pay people not to work let's flood the demand side of the economy policies which failed the last time he tried it with Obama, this time with inflation going to recent historic highs.
     
  16. yardmeat

    yardmeat Well-Known Member

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    Anecdotes are not evidence. Every junior high science class covers this.
     
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  17. yardmeat

    yardmeat Well-Known Member

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    Real. GDP. Accounts. For. Inflation. I don't know how to dumb it down any more than that. What can't you understand?
     
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  18. Chuck711

    Chuck711 Well-Known Member

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    President Biden gets it Done !

    Go Joe !!!
     
  19. Quantum Nerd

    Quantum Nerd Well-Known Member

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    It's like talking to a brick wall. They don't WANT to understand. They rather live in the "Biden bad" bubble. It's sad when regular people stop believing in facts and fully immerse themselves in the partisan B$ misinformation universe.
     
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  20. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    This is the inverse of the collapse in 2020 due to a global pandemic, external influenced drop and recovery.

    The fact that it dropped and then recovered less than inflation, seriously concerning.
     
  21. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    This has to do with a market shift. Brick and mortar is dead.
     
  22. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Many more had massive losses.
     
  23. yardmeat

    yardmeat Well-Known Member

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    It didn't recover "less than inflation." Please read the thread.
     
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  24. Bluesguy

    Bluesguy Well-Known Member Donor

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    I. Didn't. Say. Otherwise. Why do you keep repeating that? What can't you understand?
     
  25. yardmeat

    yardmeat Well-Known Member

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    Your responses all revolve around inflation. You keep accusing people of not factoring in inflation. Have you read your own posts?
     
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