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About that "GDP Growth"

submitted by x0x7 to EconomicCollapse 3 monthsJan 26, 2024 12:18:49 ago (+11/-0)     (img.gvid.tv)

https://img.gvid.tv/img/3v2tDRCk.webp

Negative value for you and me. GDP is meant to be a rather sloppy but easy to measure placeholder for the value produced in a market. Stealing resources out of the market to further restrict you and me and feed parasites produces exactly zero value.


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[ - ] GuyWhite 4 points 3 monthsJan 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 3 monthsJan 26, 2024 15:04:08 ago (+3/-0)

Obama's plan to break America

[ - ] PotatoWhisperer2 2 points 3 monthsJan 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 3 monthsJan 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 3 monthsJan 26, 2024 14:24:10 ago (+1/-0)

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

[ - ] BigNiggaDonnie 1 point 3 monthsJan 26, 2024 12:50:01 ago (+1/-0)

war is good for gdp .

[ - ] KangzNSheeit 0 points 3 monthsJan 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".