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Have you noticed that when liberals get caught with their pants down, with so many of their pet media outlets saying only that GDP declined 32.9% in the second quarter....
....they inevitably dig around until they find outlets that say both 9.5% and 32.9%, explaining the difference (like the one in the OP that I said was correct)? And then they try to pretend that all media outlets are doing it right?
Telling the truth is just not in their agenda. Especially when caught red-handed.
Quote:
Originally Posted by zzzSnorlax
Why don't da wiberals give Twump the special treatment I want them to!? If we use the numbers we always used they make Twump look bad! Why can't the wiberals understand that we need new special numbers just for Twump!
And then they double down, blubbering hysterically and ignoring what was just pointed out to them, and STILL trying to pretend that so many of their pet outlets aren't presenting it as misleadingly as they could.
Have you noticed that when liberals get caught with their pants down, with so many of their pet media outlets saying only that GDP declined 32.9% in the second quarter....
....they inevitably dig around until they find outlets that say both 9.5% and 32.9%, explaining the difference (like the one in the OP that I said was correct)? And then they try to pretend that all media outlets are doing it right?
Telling the truth is just not in their agenda. Especially when caught red-handed.
Poor Roboteer. Apparently his right wing bias is so strong that he does not understand the 32.9% is the official number of the Trump Administration.
It is pretty awful when you lose all perspective over a political bias.
Why don't da wiberals give Twump the special treatment I want them to!? If we use the numbers we always used they make Twump look bad! Why can't the wiberals understand that we need new special numbers just for Twump!
That seems to be the gist of it, yep.
I wonder if any of the Trump fans shouting "Lies!" can cite some mainstream examples where GDP is not talked about in annualized percentages?
Have you noticed that when liberals get caught with their pants down, with so many of their pet media outlets saying only that GDP declined 32.9% in the second quarter....
....they inevitably dig around until they find outlets that say both 9.5% and 32.9%, explaining the difference (like the one in the OP that I said was correct)? And then they try to pretend that all media outlets are doing it right?
Telling the truth is just not in their agenda. Especially when caught red-handed.
Do you just, like, stick your fingers in your ear and keep repeating this, refusing to accept outside input?
Annualized numbers are the normal way of reporting economic growth and contraction, regardless of the party of the President. /thread
I wonder if any of the Trump fans shouting "Lies!" can cite some mainstream examples where GDP is not talked about in annualized percentages?
I'm sure all responsible media explained the annualized rate inside an article. The HEADLINES were the misleading villains. Here's a Yahoo Finance headline:
Q2 GDP: US economy contracted by worst-ever 32.9% in Q2, crushed by coronavirus lockdowns
NBC had a headline : DGP falls by record 33%.
CNBC had a similar headline.
I know, people should read more than headlines. Fact of life, not everone does. I often see threads started here when it's clear the poster never read the article linked to.
Then you have the misleading tweets and commentary that don't talk about annualized rates.
On the plus side for Trump supporters, the GDP will be better in the next quarter.
All of this doesn't matter anyway. Covid was not Trump's fault. Remember the crap he took from Biden, Pelosi, AOC et al, when he shut down flights from China? We can blame the Chinese government for covid. Lefties won't though, because they won't want to harm the reputation of their communist brethren.
He didn't shut down flights from China
He banned Chinese nationals from entering the USA on flights from China.
430,000 people traveled from China from January 31st to the beginning of April.
It is increasingly obvious the OP is being spectacularly dishonest by not addressing the fact that the BEA itself - the agency which calculates GDP figures - themselves used the -32.9% figure.
Quote:
Originally Posted by James Bond 007
The entity that calculates and publishes the GDP figure you speak of, themselves use the 32.9% decline figure.
Trumpies are so hard-pressed to scream "fake news!" that when a government stat comes out that they don't like, they even blame the government agency publishing the stat!
Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent.
The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). The "second" estimate for the second quarter, based on more complete data, will be released on August 27, 2020.
Sure enough, it's all the leftist fanatics can do.
Point out to them that some of their pet outlets are announcing "GDP was down by 31.9% in the 2nd quarter", and all they can do is change the subject. "But, but, but here are some outlets who said it was down by an ANNUAL rate of $31.9%! And here are some others who said it was down by 9.5% in the 2nd quarter, which computes out to 31.9% annualized rate!... so that means you're wrong"!
Plus a generous dash of excuses like "Well, everybody knows the economic theory and convention here!"... without, of course, backing up their frantic insistence with the least bit of evidence.
These are often the same people who insist that requiring ID (free and easily available to every state) to vote is intolerably difficult or burdensome.
They seem to be trying to fool people into thinking that if some media outlets do it right, than means none did it wrong. Pay no attention to the news outlets behind the curtain who did do it wrong!
They seem to believe their own base is so stupid that they will believe that despite the obvious lies... which is their only objective. People pointing out the truth need not apply....
Sure enough, it's all the leftist fanatics can do.
Point out to them that some of their pet outlets are announcing "GDP was down by 31.9% in the 2nd quarter", and all they can do is change the subject. "But, but, but here are some outlets who said it was down by an ANNUAL rate of $31.9%! And here are some others who said it was down by 9.5% in the 2nd quarter, which computes out to 31.9% annualized rate!... so that means you're wrong"!
Plus a generous dash of excuses like "Well, everybody knows the economic theory and convention here!"... without, of course, backing up their frantic insistence with the least bit of evidence.
These are often the same people who insist that requiring ID (free and easily available to every state) to vote is intolerably difficult or burdensome.
They seem to be trying to fool people into thinking that if some media outlets do it right, than means none did it wrong. Pay no attention to the news outlets behind the curtain who did do it wrong!
They seem to believe their own base is so stupid that they will believe that despite the obvious lies... which is their only objective. People pointing out the truth need not apply....
Poor Robeteer. Hopelessly wrong but has picked this hill to die on.
Actually arguing with the Trump administration who actually published the finding. In the standard way.
But our poor Robeteer continues to do mental loop de loops to blame it on leftist media.
Actually very sad one can get let ones posts get this biased.
I'm sure all responsible media explained the annualized rate inside an article. The HEADLINES were the misleading villains. Here's a Yahoo Finance headline:
Q2 GDP: US economy contracted by worst-ever 32.9% in Q2, crushed by coronavirus lockdowns
NBC had a headline : DGP falls by record 33%.
CNBC had a similar headline.
I know, people should read more than headlines. Fact of life, not everone does. I often see threads started here when it's clear the poster never read the article linked to.
Then you have the misleading tweets and commentary that don't talk about annualized rates.
On the plus side for Trump supporters, the GDP will be better in the next quarter.
Nothing in that headline is wrong or misleading and GDP is normally reported in annualized form. You're asking for special treatment because you think it makes Trump look bad. No other reason.
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