Majority of Americans wrongly believe U.S. is in recession – and most blame Biden

[impartialobserver]

On 5/31/2024 at 5:46 PM, gatomontes99 said:

Sorry, I typed that in a hurry. I meant the rate at which the gdp is increasing is down.

Fair enough. Still, it is up by 1.3 % when compared to 2023 q1. As for 2024 q2.. that comes out in mid July 2024 for the first estimate and Oct. 1 for the second estimate. It is an estimate after all. To have exact data.. transactional data for every firm would be quite the undertaking.

[CdnFox]

26 minutes ago, impartialobserver said:

Fair enough. Still, it is up by 1.3 % when compared to 2023 q1. As for 2024 q2.. that comes out in mid July 2024 for the first estimate and Oct. 1 for the second estimate. It is an estimate after all. To have exact data.. transactional data for every firm would be quite the undertaking.

But gov't spending is also up significantly.  And much of that is calculated in the gdp. 

If the gov't spends a billion dollars on wages etc or to buy machines from complanies that shows up in the gdp, but it represents a false economy that will eventually cause economic hardship. 

So if gdp is slowing, and gov't spending is up, it may very well be that market driven gdp has stalled or is falling entirely. 

DO you think biden had any political motive to make the gdp look artificially higher during his election year?   

 

[impartialobserver]

3 hours ago, CdnFox said:

But gov't spending is also up significantly.  And much of that is calculated in the gdp. 

If the gov't spends a billion dollars on wages etc or to buy machines from complanies that shows up in the gdp, but it represents a false economy that will eventually cause economic hardship. 

So if gdp is slowing, and gov't spending is up, it may very well be that market driven gdp has stalled or is falling entirely. 

DO you think biden had any political motive to make the gdp look artificially higher during his election year?   

 

When was the last stimulus checks sent out? All that is needed is for you to produce one exact date. No need for extra fluff such as opinions and such. 

[CdnFox]

2 hours ago, impartialobserver said:

When was the last stimulus checks sent out? All that is needed is for you to produce one exact date. No need for extra fluff such as opinions and such. 

Why would it matter? Why are you trying to change the subject?