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Thread: Is GDP growth below inflation a good thing?

  1. #11
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    Quote Originally Posted by carolina73 View Post
    Why would Biden be celebrating producing less product for the last year?

    Is Biden's 1.4 trillion dollar deficit a good way to only increase GDP by 1/2 trillion?

    Costs and Pricing rose by 6.5 percent.
    Sales Revenue on rose by 2.1 percent

    Meaning a 4.4 point drop in profits that were already negative.

    And we borrowed 1.4 trillion to achieve that result.
    The US brought in record federal tax revenue of ~$4.9T. And still had to spend another $1.4T over that. Who thinks this is sustainable?
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    Quote Originally Posted by RMNIXON View Post
    And while insane amounts of COVID relief was a good excuse for this economic shift I believe the end result is intentional.

    They want larger portions of the population driven away from the self sufficiency of the Middle Class and into Government dependence. That includes the rapid decline of the small business.
    The lockdowns were the cause. Were it not been for that, COVID bailouts would not have been needed.
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