Tell that to the gdp calculations......
Indeed....don't let truth get in the way of the lie.
Tell that to the gdp calculations......
Remember when Ross Perot got basically shouted down over his prediction of the "Giant Sucking Sound?"OK, 9 minutes, but I'll bomb this.
Our economy is utterly f***** and has been since the early 80's when we "made nice with China" and our political and large corporation overlords decided they could ship the jobs which fueled the cities to China. Sorry, but when McDonnell Douglas agreed to put a plant in China, and Allison's and GE decided they could out source turbine engine parts to China; and the US government not only permitted but even encouraged it, we as a Constitutional Republic were DONE! At that point those who we elected had ALREADY sold us out!
Forget the economic numbers and the announcements of impending doom. If there is to be a USA 2.0, then I will take depression over hyperinflation. No more debt, live within our means. Can't tax American citizens enough, gather your funds the old fashion way, tariffs. Can't get cheap s***? Deal with it.
Whatever the future holds, it is almost certainly going to be an utter s*** show. Personally I would prefer that whoever is left in Congress that actually believes in the Constitution and this Nation's ideals grow a pair, put a stake in the ground, and simply state "not on my watch, not one more dime, not one more program".
/Rant
No. Tanking it would give them the excuse to make the changes they want to makePeppermint Patty said that Joe wants to 'restructure our economy' at the White House briefing this week. That means change and 'tanking it' would be change. What can I say but 'Joe for the win!'...
Don't worry. They will have a nice resort to send you to once they start.True, my bad...
This doesn't really ring the bell for me. Using the EverGiven as an exemplar, it's cargo was worth $1billion, and it was the largest type of container ship extantI know Ingo dislikes “handouts” and definitely hates “government spending” of any kind but I got a couple cold hard facts I want to inject into this convo.
GDP is predicted to go up roughly 6.7% yoy for 2021. Government spending is up yoy roughly 6.2%. Imports are deducted from GDP and we have at least 100 cargo ships waiting to unload and growing. End of year will probably be over 300 at least. That’s 300 ships and worth of goods that won’t be deducted from GDP.
That hard math means one thing, if the government stops its rabid spending spree right now we go into a depression. Banks and the rich hoard their cash causing the markets to collapse and middle America loses their homes and jobs.
of course no one on TV or in the government is gonna explain it this way because this explanation is scary and will spook people.
you heard it here first, align your money accordingly.