Posted on 09/14/2018 7:58:33 PM PDT by EdnaMode
LOL...obviously the erudite personnel at the NYT don’t have a clue as to how to read and interpret graphs.
I hear ya...
GDP is Gross Domestic Production. Period. There is nothing in it that reflects what happens to that production or who benefits. If you want to "measure the economy" by other metrics, fine, economists have been doing that since Adam Smith, but let's not pretend that changing from one standard to another is going to represent anything but a change in standards. For some time now the largely fraudulent "wealth gap" numbers have been hailed as some sort of dire revelation of the evils of capitalism. It's bunk.
What is really going on here is a change in reporting, not a change in standards, and it's a matter of finding those metrics that least make the sitting President look good, not that more accurately represent the economy. Unfortunately for that case these are not new metrics and are perfectly available for a lengthy historical period. If they're going to change to reporting those instead, they ought at least to be honest about why.
Exactly! People would be feeling America in droves if the economy was bad, there were no jobs and people were unhappy.
Pathetic. NY Times, who ya gonna believe, the truth you can clearly see? Or your lying eyes covered with commie glasses?
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