Skip to comments.Cuomo Attacks GDP as Measure of Economic Health [semi-satire]
Posted on 09/05/2018 9:57:30 AM PDT by John Semmens
Gov. Andrew Cuomo (D-NY), anxious to build on the momentum set in motion by his earlier assertion that America was never that great, demanded a better measure of the nation's economic health. I know that the Trump Administration is touting last quarter's 4.2% rise in GDP as a sign that the economy is booming, the Governor observed. But is this really the best measure we can come up with? GDP growth never got as high as 3% during the Obama Administration. But can we really say that Americans weren't better off then?
The problem with GDP is that it is founded on the notion that more is bettermore output, more jobs, more profitsbut is this true? Cuomo asked. More output means we have more stuff, but isn't a lot of this stuff just more junk to clutter our lives? More jobs means less leisureis this what we really want? And doesn't more profits only encourage more investment and lead back to more output and more jobs in a kind of vicious circle?
I have a sense that people were really better off during the more stable years under the Obama Administration, Cuomo imagined. Fewer people were ensnared in the rat race. More were able to live worry-free on the generous benefits provided by the government. We need a better way to measure that type of intangible enjoyment of life so we can more fairly compare the peace and serenity of the Obama years with the crushing burdens of work that have inspired so many people to take to the streets and assault their fellow citizens now that Trump is president.
Meanwhile, Cynthia Nixon, Cuomo's opponent in the Democratic primary, has called for less investment in law and order and more investment in free health care. Law and order has different impacts on different segments of society. Not everyone agrees that the current owners of property are morally entitled to hold onto it. Why should they vote for a governor who favors law and order? Free health care, on the other hand, benefits those on either side of the law. Both the victim of rape and the burglar shot by a home owner would benefit from the universal free health care program I will implement when I am elected governor.
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
What a complete moron.
This is another of your works that hits the mark right in the 10-ring! Well done!
IF that lousy actress think that I am morally wrong to hold onto the property I worked hard hours to buy, SHE can TRY to come & take any of it.
I guarantee severe resistance.
What a completely moronic thing to say...
Doesn’t SHE own anything? Clothes, jewelry, electronics, car, anything?
She thinks it’s OK for anyone to just help themselves to HER property??? I’ll bet not.
That is why GDP is a PERCENTAGE. But there is a point to be made in there. GDP should be reflective of population change. So if population growth in the US is 1.1% then a true number would be 4.1% minus 1.1% for a real GDP growth of 3%. But that would also have applied to Obama’s numbers, so it doesn’t change anything for comparison.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.