5 days before election...
https://www.cnbc.com/2020/10/20/the-...elp-trump.html
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10-21-2020, 03:10 AM #1
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10-21-2020, 03:15 AM #2
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10-21-2020, 03:40 AM #3
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10-21-2020, 03:46 AM #4
> Yuge GDP
> 7 trillion in stimulus
Pick one
Edit: these numbers are absolutely meaningless lmao.
The economy is in the gutter. Being held up through gov spending.Last edited by OPGenesis; 10-21-2020 at 03:53 AM.
"I am a rational animal who occupies the intermediary position between angel and beast"
"The upper class is afforded their position by the collective burden the underclass must carry for them"
**Summer Walker Crew**
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10-21-2020, 03:58 AM #5
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10-21-2020, 05:24 AM #6
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10-21-2020, 05:30 AM #7
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10-21-2020, 05:54 AM #8
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10-21-2020, 05:54 AM #9
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10-21-2020, 05:56 AM #10
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10-21-2020, 05:57 AM #11
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10-21-2020, 06:16 AM #12
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10-21-2020, 06:19 AM #13
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10-21-2020, 06:32 AM #14
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10-21-2020, 06:42 AM #15
Imagine thinking it's "rocket" growth to recover 30% of a 30% collapse from a high. Trump's V-shaped recovery is shaping up to be (no pun intended) a dead cat bounce.
“Even though it’s totally meaningless, this is going to give Trump a little lift,” said Steve Blitz, chief U.S. economist at TS Lombard. “He’s going to say, ‘See, I told you, we have a ‘V’ [recovery] and we’re zooming.’”
The “zoom,” though, will be in completely relative terms.
The Commerce Department releases the gross domestic product report with a headline number that is calculated using a quarter-over-quarter gain stretched out over a yearly pace. So it’s not so hard to post what the Atlanta Fed forecasts will be a 35% gain in GDP when the base you’re working off is a 31.4% plunge in the second quarter, as the U.S. economy shut down large swaths of activity to defend against the coronavirus spread.
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10-21-2020, 06:53 AM #16
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10-21-2020, 06:57 AM #17
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10-21-2020, 07:06 AM #18
He's not reviving anything, anyone with even a modest comprehension of economics would understand. The article OP posted acknowledges this is a drop in the bucket rather than any meaningful level of growth and is expected to flatline in Q4.
$7T dollars have been printed, borrowed and spent just to float the economy for a few months. I don't expect idiot Trumpers like yourself to be able to grasp what's happening.
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10-21-2020, 07:06 AM #19
IDK? It really depends on if the D take control of everything. If they do, Im assuming they shut it all down and then write up a bill that completely changes America for good, under the guise of an economic relief package.
I mean look, Trump mishandled things so poorly that we must completely lock down everything(2 more weeks) to get a handle on everything....
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