GDP breaks record percentage growth. Thanks Big T!

Diogenes of Sinope said:


even the economists didn't expect this.

In before dems get use their usual pessimism to minimize this.

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FACTS!!!

Ophydian said:
How are you this dense? I guess in your alternative reality bubble that you live in, Trump is out there telling people to wear masks and is not downplaying the virus. That he's listening to the experts, the Doctors. Guess what? He's not. He makes fun of people who wear masks. The people around him make claims that masks don't work. This article refutes that.
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Money talks and bullshit walks, and cucks get cucked.
 
Diogenes of Sinope said:
aka

if Biden wins The dems will say "He saved the economy"
If Trump wins "The economy isn't doing well because of him, its because its rebounding from he quarter beforehand"
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At least thank him for giving you something to bring up when the economy is great during a Biden presidency.
 
That was Q3.

Dow Jones crashed almost 1000 points a month later due to spiking Covid

#secondwave

 
Obama set the groundwork for this comeback idk how many times we gotta tell you this
 
united-states-gdp-growth.png
 
I was reading the other day that California saw $5.7 billion more in tax revenue than expected this summer.

If it continues this was maybe they'll dump the state worker furlough a year early.
 
Prefect said:
A dip of -31.4% is not offset by growth of 32.1%. (1-.314)*1.331 = 91%.
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Not to mention the -5% in q1. As usual Trump wants all of the credit and none of the blame. Cherry picking at its worst.
 
Diogenes of Sinope said:
Thats not a source confirming that biden savies lives and the economy in the future lol
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Statistically speaking its safe to presume Biden would be better as it would be difficult to be worse than America under Trump.

I don't see any logical reason the richest country, the highest health care spend and highest stimulus spend should be recording more deaths than anyone else.
 
Let's do the math.

US 2019 GDP: 21.43 Trillion
5% decrease in Q1 = 20.36 trillion
31.4% decrease in Q2 = 14.17 trillion
33.1% increase in Q3 = 18.86 trillion = 88% of 2019 GDP

What is the cause for celebration? Q4 is still a toss up with surging COVID cases.
 
Lol. This is the same shit as Trump claiming "record job growth!". While completely ignoring the millions of jobs lost in the previous few months. And idiots like the op eat it up. No wonder he loves the uneducated so much.
 
The GDP would have to rise at a 45.7 percent annualized rate in the third quarter to recover the total loss in the first and second quarters....

But Twitter!!!!!!!!!!!!!!!!!!!! LOL
 
Orgasmo said:
Let's do the math.

US 2019 GDP: 21.43 Trillion
5% decrease in Q1 = 20.36 trillion
31.4% decrease in Q2 = 14.17 trillion
33.1% increase in Q3 = 18.86 trillion = 88% of 2019 GDP

What is the cause for celebration? Q4 is still a toss up with surging COVID cases.
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Because these trumper morons will take anything to act like they won at something. This "increase" is only in context. All we are is returning back to a baseline.
 
Hellowhosthat said:
It was always going to be a massive increase when things opened back up to any extent to be fair. Same with job gains etc. If it hadn't been a record increase then you'd have serious problems.

If there's more lockdowns then there'll be more records.
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Tax hikes a good idea then?
 
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