Economy shrinks at fastest quarterly rate on record

anonymoose said:
I don't understand this post as to what it has to do with the OP. jacksprat posted factual data as did I. In the bigger picture I believe our economic and political systems are much, much larger than what any one person or political party can do to the economy in even eight years. The economic beast is too big for them (IMO). The U.S. economic and poitical systems are what allow us to do better than most other first world economies plus the fact we are blessed with a lot of natural resources. What little effect a party in complete control does have usually always self corrects with elections.
My take on Trump is that he's a horse's ass and always has been. I can still remember Doonesbury cartoons in the '80's parodying him.
He's just a symptom of what has become of our politics in the age of social media and that symptom is extremism. He's extreme as are many on the left. As far as rhetoric, that's what we get a lot of, from both sides.
Click to expand...

I'm not going to apologize for my rhetoric. There is thought behind it. The point I'm making is that you can't take the credit and not the blame. Trump shoulders the blame for the fact we have not gotten control of the virus. To that extent, the further economic impact of the on-going pandemic lies at his feet as well. Trump is symptom of the culture wars that have been stoked for decades. Republican economic policies are snake oil, and they've sold it with a large dose of racial divisiveness. Supply side economics is BS. It has entailed giving more money to the wealthy, and lots of credit to the middle class so they don't pay attention to the hand in their pocket. It's caught up to us. They want to convince the rubes that they are not rich because of the brown people. That is simply fact. It's been that way since the Atwater Southern Strategy.

Point being, blaming Trump for negative 33 annual GDP growth is rhetoric. Pointing out that Trump picks and chooses what he takes responsibility is not. Final point, Trump is not extreme. There is not one policy he is committed to unless that policy benefits him. He found out that there are millions of suckers on the far right. So he plays them like a fiddle. It's his only talent, and it's gotten him to the White House. He is disinterested in the job. It's just a means to end, that end being the enrichment of Donald J. Trumnp.
 
Wolverine said:
DUH gee I wundur hough dat hepen! You people are so dense be Glad Trump was President Hillary would have shrunk it more because there isn't anyway in an election year she makes any decision that would hurt the economy, and her chance at being the first dictator of the US
Click to expand...

your boy is a fuck up, own it moron
 
Concart said:
I'm not going to apologize for my rhetoric. There is thought behind it. The point I'm making is that you can't take the credit and not the blame. Trump shoulders the blame for the fact we have not gotten control of the virus. To that extent, the further economic impact of the on-going pandemic lies at his feet as well. Trump is symptom of the culture wars that have been stoked for decades. Republican economic policies are snake oil, and they've sold it with a large dose of racial divisiveness. Supply side economics is BS. It has entailed giving more money to the wealthy, and lots of credit to the middle class so they don't pay attention to the hand in their pocket. It's caught up to us. They want to convince the rubes that they are not rich because of the brown people. That is simply fact. It's been that way since the Atwater Southern Strategy.

Point being, blaming Trump for negative 33 annual GDP growth is rhetoric. Pointing out that Trump picks and chooses what he takes responsibility is not. Final point, Trump is not extreme. There is not one policy he is committed to unless that policy benefits him. He found out that there are millions of suckers on the far right. So he plays them like a fiddle. It's his only talent, and it's gotten him to the White House. He is disinterested in the job. It's just a means to end, that end being the enrichment of Donald J. Trumnp.
Click to expand...

I'll be succinct, and thanks for quoting anonymoose, his was thoughtful that time. I used to think most of what he thought,
but Trump is an object lesson proving that is wrong. It matters who is potus.

I actually posted in jest before Trump was elected
that it would be interesting to see if a blithering idiot could screw up the world or not.

Guess what, he can, he did, end of story.
 
jacksonsprat22 said:
Probably why Trump keeps calling Putin for advice.
Click to expand...

Trump is only finishing his first term because the Republican partisan clown movement blocked his impeachment . Obama was worth three - for all his drone failings. He'd have got an extra term if it was permitted.
 
The source of the virus from China is China. They lied about the source and their number of fatalities. They would not share data with our health professionals that might have mitigated their virus from China. They nailed shut the doors of those with the virus from China They did not stop flights out of China and the virus from China spread around the world.

China must be held accountable for the hundreds of thousands of deaths and the economic loss around the world.

Count on the far left loon apologists to defend China and falsely blame it on our great president whose closure of flights from China saved countless lives.

The president is following the advice of the health professionals and the states are opening their economies following the guidelines.
 
I have been saying for months that we are in a Depression, and that it likely will be a long one, these numbers we are now getting are in line with that. When we come out of it China will likely be in charge, our days as a lone superpower are over.

I find it interesting that our GDP decline is three times Germanys, I did not expect that big of a gap, but with the way our society is melting down it makes sense.
 
Earl said:
The source of the virus from China is China. They lied about the source and their number of fatalities. They would not share data with our health professionals that might have mitigated their virus from China. They nailed shut the doors of those with the virus from China They did not stop flights out of China and the virus from China spread around the world.

China must be held accountable for the hundreds of thousands of deaths and the economic loss around the world.

Count on the far left loon apologists to defend China and falsely blame it on our great president whose closure of flights from China saved countless lives.

The president is following the advice of the health professionals and the states are opening their economies following the guidelines.
Click to expand...

Trump was first told about Corona in Dec. Then in January, he was told it was coming here. He did squat. He held rallies and played golf until March. By then it was tough to stop it. He did not try. In Januaqry, it became the Trump virus and it still is. China had nothing to do with what Trump was doing. He was in charge of all of it.
 
Nordberg said:
Trump was first told about Corona in Dec. Then in January, he was told it was coming here. He did squat. He held rallies and played golf until March. By then it was tough to stop it. He did not try. In Januaqry, it became the Trump virus and it still is. China had nothing to do with what Trump was doing. He was in charge of all of it.
Click to expand...

Herman Cain sat on stage with Trump at Tulsa rally. Cain is dead. Let's hope Trump goes next.
 
Earl said:
The source of the virus from China is China.
Click to expand...

It appears that the source of Covid-19 is Laos, but it might be Vietnam. It crossed back and forth to the human population in Southeast Asia, which is why they have some immunity to it, and why the virus has "learned" how to infect humans. More recently, it crossed over into the human population in China.

Earl said:
China must be held accountable for the hundreds of thousands of deaths and the economic loss around the world.
Click to expand...

Best guess is the Spanish Flu actually came from Kansas. That killed somewhere between 20 and 100 million people. I think we have about as good a chance of getting Kansas to pay for the Spanish Flu as China (or Laos) to pay for Covid-19.

Earl said:
great president
Click to expand...

trump is the biggest failure in American history.
 
Walt said:
It appears that the source of Covid-19 is Laos, but it might be Vietnam. It crossed back and forth to the human population in Southeast Asia, which is why they have some immunity to it, and why the virus has "learned" how to infect humans. More recently, it crossed over into the human population in China.



Best guess is the Spanish Flu actually came from Kansas. That killed somewhere between 20 and 100 million people. I think we have about as good a chance of getting Kansas to pay for the Spanish Flu as China (or Laos) to pay for Covid-19.



trump is the biggest failure in American history.
Click to expand...

And it is just coincidence that the lab in Wuhan where it was discovered has long been studying these kinds of viruses, and making chimaras of them as they researched how to prevent human pandemics. Also, the training them to infect humans would have been done on purpose, learning how to prevent the viruses ability to ravish humans was the entire point, but before you can figure out how to stop such a bug you need to have such a bug, and if one can not be found in nature you design them......as we know this lab was doing.
 
anonymoose said:
Wow that's even better. 32.9 / 4 = 8.225. 4th grade arithmetic
You really don't understand "annualized" do you?
Click to expand...

You are just really off. First is a compounded, so your dividing by 4 is just plain wrong. Second it is negative, so you need to start from 1. I am going to use the carrot(^) to express exponential, and show you the equation.

1-((1-.329)^(1/4))=9.5%
or
1-((1-.095)^4)=32.9%

The government got the math right... And you got the math wrong. There is no 8.225% involved.
 
anonymoose said:
I calculate 9.5% * 4% = 38% annualized. So I agree, you're wrong.
Click to expand...

9.5% * 4% = 0.38%
even
9.5% *4 = 38% (which is the wrong answer to what the annualized rate is)

You want to get 32.9%. Here is a hint: there are some smart people working for the government, if you are getting a different answer to a math problem than them, you are doing it wrong.
 
Walt said:
9.5% * 4% = 0.38%
even
9.5% *4 = 38% (which is the wrong answer to what the annualized rate is)

You want to get 32.9%. Here is a hint: there are some smart people working for the government, if you are getting a different answer to a math problem than them, you are doing it wrong.
Click to expand...

Which is why cost estimates almost never turn out to be in the neighborhood of right.....
 
You must log in or register to reply here.
Back
Top