GDP GREW 5.7% IN 2021,BEST YEAR SINCE 1984

Ok, so it's inflation adjusted.

So considering a pandemic, and losing 3.4 percent in 2020, we gained back 5.7 due to bounce.

So our actual 2021 gain, inflation adjusted, was 2.1 percent. Not sure that's the great news it's being presented as.

 

The OP never indicated that was adjusted GDP or real GDP.

 

No, inflation adjusted is 5.7, not 2.1.

 

It was discussed thoroughly in the thread.

 

"Economists believe that the ideal GDP growth rate should be between 2% and 3% annually."
Just an FYI, , 'believe'^^^ is an opinion not facts.

 

Touché! Spinning in the spin, lol.

 

You need to go back and repeat your junior high science classes.
"Anecdotal evidence is a factual claim relying only on personal observation, collected in a casual or non-systematic manner. The term is sometimes used in a legal context to describe certain kinds of testimony which are uncorroborated by objective, independent evidence such as notarized documentation, photographs, audio-visual recordings, etc."
Anecdotal evidence - Wikipedia

 

You might want to read the whole Wikipedia article. Like all of it.

 

Inflation doesn't mitigate growth in the economy. Inflation will slow as pandemic influences wane.

Specious logic.

 

Inflation is largely pandemic influenced, and as the pandemic wanes, so will inflation.

The Growth, however, is good news.

But, no doubt Republicans will trivialize the fact if prez is a Dem, unless, of course, one of their own is president, then they will shout it with bullhorns from rooftops across America.

 

I read it. You said anecdotes was not evidence. Obviously it is.

 

If we lost 3.4 in 2020, due to the pandemic, a bounce back from an external circumstance should be expected.

 

Inflation may slow, but it rarely reverses itself. Those dollars that are now worth only $.90 will never be worth $1.00 again.

 

It's better than nothing, right?

 

The Dollars value has increased against most currencies including the Euro.

 

All thanks to Trump tax and regulatory policies and his covid relief for small business and the working class

 

Bounceback Sugar high

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Those retail sales numbers are going to crash if those payroll numbers don't spike.

You can't look at the trend of payroll catch up just to get back to the Trumpian pre-pandemic levels, and not be alarmed.

​

We've added a total of 70,000 jobs since June 2018. During this same period we added 5,859,884 people.

​

How do we sustain retail spending spikes like that, other than in a short-lived sugar-burst high, when we add nearly 6 million people during a time when we only add 70,000 jobs?

Some seem to want excitement over these numbers, but excitement is warranted when we've built on a solid foundation, this is the opposite of that.

​

 

Yep our economy growing is always a good thing, pity you don't feel that way.

 

That’s not too bad, and was actually expected. The problem is how bad our debt to GDP ratio went up. In 2019 it was 108%, after the pandemic it climbed to 130%. That’s a number I would really like to see come down. The problem is neither party gives a crap.

 

It will go back to normal.

 

Righties were saying dems were killing the economy for permanently with the election of Biden. Now they say the bounce back was inevitable...

 

But the prices will never go back down to what they were before.

 

Blaming =/= Solving

 

So prices will go back down? *sarcasm alert* The speed of inflation MAY slow down, but the damage is done, people on fixed incomes in worse shape then ever, retirement savings worth a percentage of what they were, and the US dollar is toilet paper.

Air your concerns to a Republican, I'm not one.

 

The prices of goods which have been expensive due to short supply will come down, and some already have. Also, wages have gone up by about 4.7%

Like SS? The payments are adjusted to cost of living.

What makes you say that? It's strong compared to other strong currencies like the Euro and UK Sterling.