Posted on 07/27/2018 6:35:00 AM PDT by Enlightened1
Regarding economists saying no way to 4% growth, there’s evidently many business / economy schools in the good old USA that need to be closed down imo.
Regarding “selling the Brooklyn Bridge” jokes, little did we know that the corrupt, post-17th Amendment ratification Congress had sold the whole country.
Patriots need elect a state sovereignty-respecting Congress in the 2018 midterm elections that will support Pres. Trump’s vision for MAGA.
Anything less than about 1.9% is a de facto shrinkage, as that is below population growth.
He’s certainly correct, in that the unemployment rate numbers now, and those from 10 years ago are not directly comparable.
There are now about 15 million more working-age adults not part of the employment picture, and inflation is measured in a way that is dramatically inconsistent between different demographics.
Some of those 15 million are permanently outside - including over 4 million long-term unemployed put on disability in 2009-2010.
We also have a federal debt situation and artificially low interest rates where returning to normal will 1) add nearly a trillion to debt servicing, and 2) allow alternate investment to the stock market (which has been artificially propped up by the lack of normal alternate yields).
I understand averages, moving averages, and even average recurring intervals, but thank you for the reminder anyway.
The crux of the discussion is, or should be, what the government (depending on if the reporting agency is controlled by Alinsky or Adam Smith,) vs. reality. Inflate it or "adjust" it downward...
As Jonathan Gruber reminded us, the ignorance of the average American citizen can never be underestimated, but can be exploited, politically, endlessly.
Good point. Wonder if the economic brains have thought of that?
There are many factors permanently beyond the understanding and reach of the average voter.
For example most can't grasp the difference between "unemployed put on disability" and unemployed claiming "actual" disability. Fraud is rampant causing the double whammy of waste and bureaucratic bloat.
Also, a stable low unemployment rate of zero simply means that employment has kept up with population growth; not a bad thing.
Finally the simple reality that inflation is caused by only two sources : government deficit spending and militant unions. Without a firm grasp and recognition of those cultural perversions, rational discussion of unemployment is impossible.
Conversely, if 1.9 percent represents both the actual population growth AND the GDP, things are perfectly stable.
Of course, only ignorance fraud and stupidity can increase in annual percentage growth forever.
Best election ever!
Exactly!
The same people who CAUSED the last global recession with the housing meltdown
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