President Trump: The NEW one and only politics thread

They believe what they're told to believe. Not much of an endorsement for independent thought.

 

So... the GNP is up 33.3%? Right...

This is brought to you by the Trump Administration who "downplayed" the virus. And the financial world is so full of crooks, anything associated with money I take with a huge grain of salt. Wells Fargo? The 2000s housing market?

 

That's fake math.

 

It is, and always has been, the only game they have.

 

No, all this is horrible use of math by an innumerate nation (and remember, the reporters doing it are some of the best educated people in the country on average). GDP increased by 1/4 of 33 percent, like 8.25. The higher number is multiplying it by 4 as a projection of annual growth. In reality, the GDP is about 3.5 percent lower than it was prior to the pandemic, which in economic terms is quite significant, but in media headline terms doesn't move anyone.

 

Nobody --- well, other than Trump, perhaps --- is making the argument that the country regained EVERYTHING in Q3 that it lost in Q2.

So stop with the "it's really only 92% back, hahahaha!" proclamations.

If you honestly can find NOTHING good in the economic numbers and instead MUST downplay them . . . what's the use?

 

Lil Wayne endorsed Trump that's it the black vote is going red

 

Because of the massive aid from the CARES Act, the economic effects of the virus, while severe and close to fatal in some sectors of the economy (know any bartenders, flight attendants or hotel receptionists?) has been much much less than it could have been, because other sectors have come out OK and households en masse have not suffered the way they did when their home equity went upside down in the Global Financial Crisis. But as long as the virus continues to rage, the strong base for a real recovery will remain just that, a base. An ever shrinking base by the way as household assets and income continue to shrink.

 

Its not that hard, look around, I don't care if you're on the coast are in the heartland, businesses are closing or at best barely making it. Look at the empty buildings, the lack of foot traffic. The "economy" is awful and there's no end in sight even if someone says "the PANDEMIC IS OVER!!" The economy stinks and without any change in sight in the pandemic no end of the tunnel. So you can take those numbers and you know what (except of course those who hold Wall St. equities, WooHoo! let's celebrate while everyone around is unemployed or sitting on a balloon rent payment coming due.)