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About that "GDP Growth"

submitted by deleted to EconomicCollapse 1.3 yearsJan 26, 2024 12:18:49 ago (+11/-0)     (EconomicCollapse)

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[ - ] GuyWhite 4 points 1.3 yearsJan 26, 2024 13:32:59 ago (+4/-0)

In a couple of months the GDP number will be revised downward. The economic numbers from the Biden admin are crooked like everything else.

[ - ] con77 3 points 1.3 yearsJan 26, 2024 15:04:08 ago (+3/-0)

Obama's plan to break America

[ - ] PotatoWhisperer2 2 points 1.3 yearsJan 26, 2024 15:31:18 ago (+2/-0)

GDP is from recorded money. Selling your neighbor some eggs for a pie isn't on it. Only shit they can tax is on it. It incentivizes utterly destructive behavior.

[ - ] beece 1 point 1.3 yearsJan 26, 2024 16:26:56 ago (+1/-0)

Yup, the jobs numbers gets cook as well. Here'sx one I looked into a while ago. 122,000 "new" jobs. Of those, 59,000 were new government jobs.

[ - ] FuckShitJesus 1 point 1.3 yearsJan 26, 2024 14:24:10 ago (+1/-0)

Your shitty link is a direct download link. Bad form.

[ - ] KangzNSheeit 0 points 1.3 yearsJan 26, 2024 18:46:37 ago (+0/-0)

To be fair, because of the last stand off in increasing the debt limit, many previous expenditures were delayed from hitting the books. The timeline of the metrics being compared isn't the same, despite them happening "in the same quarter".