(May 11, 2019 at 1:20 pm)Nomad Wrote:(May 11, 2019 at 12:55 pm)Lek Wrote: Please point out my lie.
The most egregious one is the lie about current US economic performance you lying idiot.
Here's a graph from the last seventy years. At best the US economy is currently doing bang average, and that's a generous best*. There was no single point during the Clinton presidency for example where the GDP growth didn't do better than it's doing under Dumbfuck. Under Obama, when he was trying to rescue a dying banking system and a dying automotive sector, it was doing better.
* I'm saying very generous here, because the US economy is operating under very special conditions which are artificially inflating GDP numbers. For example with the very low federal interest rates, many people are funding their living through debt (because they are surely not getting them through wages, seeing as those are stagnant in nominal terms, meaning people are being paid less now than last year) which is actually unsustainable. The next time interest rates hit a normal level for an economy with GDP growth of 2-3%, somewhere in the region of 3-4% interest, the whole economic system will come crashing down again, and this time the government won't be able to do a single fucking thing about it, because of Dumbfuck thrashing both the tax base and the oversight mechanisms.
Your graph is pointing out percentage change in GDP from one period to the next. The ups and downs are pretty large and erratic. Anyway, it's not a complete statement of the health of the economy. Unemployment has been lower, but that was back in the 50s, more than 50 years ago. Even black unemployment is lowest since the 70s. Women's unemployment is way down too. As far as your predictions for the future of the economy, that remains to be seen.
