A 1% drop in GDP is a recession. We called a 6.5% drop in GDP "The Great Recession". In 1929, we called a 15% drop in GDP "The Great Depression". What the fuck do we call a 33% drop in GDP?

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So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

We're all fucked and I need to sell Dad's house like yesterday and stuff the proceeds in a mattress. It didn't have to be this way. It could have been a v-shaped blip. Watch the Jim Jordan video to see why it is this bad.

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...

What the fuck do we call a 33% drop in GDP?


Trumponomics?

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I was right.

Ummmm, , , , well, , , , way back in 1929 it was the GNP. GNP changed to GDP back during Reagan with a lot of controversy.

GNP was basically based on what we "made" like trucks and tractors, etc., , ,. GDP is based on the whole-ball-of-wax with waitress hourly wages included, etc., ,. On one hand, GNP accounts for most all economic activity and is a "better" view of the economy BUT, , , , Back during Reagan there was a lot of talk about the GNP being changed to the GDP in order to make things look better over time. They knew that, given what they knew, that the GNP could not keep looking so good. In effect, and this is not a real number, if GNP rose 2%, that was a good thing. But now, a rise in the GDP of 5% is really no better that a 2% rise in GNP BUT, , , , the "numbers" look "better" and, as we all know, the "Markets" like big numbers.. I'm not an economist. Maybe someone here knows more about this.


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Dora Hates You

Edited: 08/03/2020 at 08:48 AM by dingpatch

But, and, , , , yes 33% is pretty darn bad. Now, if we had gone into hard lock-down mode back in March we might have been out of the woods by now but, the GDP would still look like crap, not as bad as 33% but still "historic".

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Dora Hates You

The main thing is, they still have your vote.

What the fuck do we call a 33% drop in GDP?



Steaks'd

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When America was "great"

Edited: 08/01/2020 at 12:18 PM by fishkller

lol

We call it an overreaction to a pandemic. You progs got what you wanted. So, go party it up.

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I :heart; Q

Imagine an alternate universe where HRC won the election, and she gets stuck with dealing with the pandemic.

I can only assume she would be dragged in front of the Senate investigation commitees for weeks, having to explain why she closed our borders, shut down the economy, while the DOW and NASDAQ dropped, and had to explain why she let 3,000 Americans die because of this virus.

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GOP:

Gaslight
Obstruct
Project

#ClintonBodyCount hashtags all over the place

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“It is the heart of US policy to use fascism to preserve capitalism while claiming to be saving democracy from communism “ - Michael Parenti

Hmmmmmm, , , , , we are about to go Down The Shit Chute but, the Markets are rising!!??!!?? WTF?

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Dora Hates You

Late stage capitalism.

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“It is the heart of US policy to use fascism to preserve capitalism while claiming to be saving democracy from communism “ - Michael Parenti

Goldman Sachs says the economy will do better under a Democratic sweep and wold prompt them to upgrade their forecast.

https://www.cnn.com/2020/10/06...ldman-sachs/index.html

So much for confidence in Trump's ability to run our economy.

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If I should ever die, God forbid, let this be my epitaph: THE ONLY PROOF HE NEEDED FOR THE EXISTENCE OF GOD WAS MUSIC - KV

Have you seen the market today after our baby eater in chief opened his yaw?

Talk about a waterfall.. it was like Keyser Sunrise suddenly showed up in NSR and started thanking donald agsin

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When America was "great"

Roid rager reconsiders after Markets plunge.

Pelosi smiles. LOL!

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I was right.

tspank "We call it an overreaction to a pandemic." Your boy was in charge dumb a$$!

I was about to post that!

The economy did better under Obama/Biden than trump/pence. They were handed a roaring economy and once again, jut like Bush, fucked it all to hell.

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QOP = Terrorists
FK = Gay