Obama's Parting Gift

The average GDP for the last quarter of 2017 is in.  Obama's parting gift to the US -- an average GDP for his administration of 1.8 percent.  Which is the worst recovery in over 100 years.

REAL GDP

 

TRUTH -- THE NEW HATE SPEECH!

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jtdavis posted:

corporate greed

JT, that retort reveals you have little to no knowledge of economics.  Small GDP increase, companies make little revenue; big GDP  increase, companies make more  revenue.  More revenue means ability to expand, increase numbers of workers and increase pay.  Less revenue means no expansion, fewer workers and no change in pay.  Small business in the US has suffered terribly.

jtdavis posted:

corporate greed

Jt, you might make a better case with GNP, not GDP:

Gross Domestic Product (GDP) and Gross National Product (GNP) both try to measure the market value of all goods and services produced for final sale in an economy. The difference is how each term interprets what constitutes the economy. GDP refers to and measures the domestic levels of production, whereas GNP measures the levels of production of any person or corporation of a country. For example, the American GNP measures the production levels of any American or American-owned entity, regardless of where the actual production process is taking place, and defines the economy in terms of the citizens. GNP is less commonly referred to than GDP, but is best described as the measure of national output.

Depending on circumstances, GNP can be either higher or lower than GDP. This depends on the ratio of domestic to foreign manufacturers in a given country. For example, China's GDP is $300 billion greater than its GNP, according to Knoema, a public data platform, due to the large number of foreign companies manufacturing in the country, whereas the GNP of the U.S. is $250 billion greater than its GDP, because of the mass amounts of production that take place outside of the country's borders.

Though both calculations attempt to measure the same thing, generally speaking, GDP is the more commonly utilized method of measuring a country's economic success in the world, but GNP can be useful as well. It is important to reference both when trying to get an accurate description of a given country's economic worth.



Read more: What is the functional difference between GDP and GNP? | Investopedia http://www.investopedia.com/as...np.asp#ixzz4XCr0MPwS
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Probably the 'ugest gift of Ol'bama was Trump because ol' Barry Soetoro's economic policies scared enough blue collar Dems to cross over in the primaries and general election. 

 

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