- Joined
- Dec 9, 2009
- Messages
- 134,496
- Reaction score
- 14,621
- Location
- Houston, TX
- Gender
- Male
- Political Leaning
- Conservative
Would you like to place a bet that, should the US economy falter, "Conservative" will find that Mr. Trump has absolutely nothing whatsoever to do with the "economic health" of the country?
Unfortunately since I ship all winnings by registered mail, you will have to bet at least $1,000,000 (which I will actually have to have received [i.e. your cheque will have to have actually cleared and the money will actually have to be in my bank account]) in order to win enough to cover the postage costs at the 1 :: 793,650 odds against factor that is the currently applicable one.
Another way of putting it is that government spending has been growing around 1.566 times as fast under Mr. Trump as it did under Mr. Obama.
As for "What contest the date is in" is concerned, the "context" is quite simple and that is
"Are the data things that I want to hear about or not?"
That is using Q4 seasonally adjusted data for 2019. But when you are making your calculation, you're not using the Q4 SAD for 2018, which is $20897.8 billion. You're clearly using different data points, e.g. subtracting an annual figure from a quarterly figure.
In another post, you wrote:
Here, the Q4 value for 2018 is used and the Q4 value 2019 is used, but you actually subtracted the Q4 value from 2019 from the annual value of 2018. When i informed you of this error, you switched from citing the Q4 2018 value to the annual 2018 value. However, if you use : Q4 2019 nGDP - Q4 2018 nGDP : we get $21734.3 billion - $20897.2 billion = $836.5 billion. If we use : annual 2019 nGDP - annual 2018 nGDP : we get $21429.0 billion - $20580.2 billion = $848.8 billion.
The recent BEA release is clearly using annual figures:
:lamo
I'm just teaching you a very embarrassing lesson. It's not that lack of such knowledge of the data and basic analytics is something one should feel ashamed of... but you've kicked and screamed and posted interchanged values, likely because you are confused. I don't think you're sharp enough to try to push such a clearly invalid methodology. But then again, your command of the English language is surprisingly suspect. Might you be posting from some center in St. Petersburg? Not likely. You're just really confused, and took on way more than you could chew... which was a choice driven entirely by partisanship. That's the embarrassing part.
What an ass-whooping this conversation has turned into. Must be a Monday.
He went on to ignore his errors, and hide behind the mantra of "initial estimate". Now he posts the correct data and calculation all the while pretending that these posts of his do not exist... offering to apology or taking any responsibility for such behavior.
I'm sure his numbers were wrong because of a deep state person. Perhaps Stzrok?
His numbers were wrong because he had been making a claim that a yearly decline in nominal GDP is a sign of a weak economy, which was a manifestation down the rabbit hole of ignorance because real GDP growth didn't exceed the predicted 3% mark the year prior. Then, 2019 data was released and it showed nominal GDP declined. So instead of adhering to his own methodology and logic, he attempted to find a calculation that showed YoY growth for 2019. When it was shown to be WRONG... he continued to push the lie. It took about a month for him to finally accept he was making an invalid calculation.
No apology or thanks for showing him the error in his ways.
You are on point about the tariffs and the tax cuts for the ultra-rich. So much winning. :doh
That's what one gets when they don't follow facts and instead start with a conclusion and try to fix the facts around a narrative they want to push. Pretty much sums up his whole existence at this site.
That is using Q4 seasonally adjusted data for 2019. But when you are making your calculation, you're not using the Q4 SAD for 2018, which is $20897.8 billion. You're clearly using different data points, e.g. subtracting an annual figure from a quarterly figure.
In another post, you wrote:
Here, the Q4 value for 2018 is used and the Q4 value 2019 is used, but you actually subtracted the Q4 value from 2019 from the annual value of 2018. When i informed you of this error, you switched from citing the Q4 2018 value to the annual 2018 value. However, if you use : Q4 2019 nGDP - Q4 2018 nGDP : we get $21734.3 billion - $20897.2 billion = $836.5 billion. If we use : annual 2019 nGDP - annual 2018 nGDP : we get $21429.0 billion - $20580.2 billion = $848.8 billion.
The recent BEA release is clearly using annual figures:
:lamo
I'm just teaching you a very embarrassing lesson. It's not that lack of such knowledge of the data and basic analytics is something one should feel ashamed of... but you've kicked and screamed and posted interchanged values, likely because you are confused. I don't think you're sharp enough to try to push such a clearly invalid methodology. But then again, your command of the English language is surprisingly suspect. Might you be posting from some center in St. Petersburg? Not likely. You're just really confused, and took on way more than you could chew... which was a choice driven entirely by partisanship. That's the embarrassing part.
Trump notwithstanding, the American economy cannot long survive under a 23 trillion dollar debt which is still escalating.
He went on to ignore his errors, and hide behind the mantra of "initial estimate". Now he posts the correct data and calculation all the while pretending that these posts of his do not exist... offering to apology or taking any responsibility for such behavior.
I have to jump in here and restate what many people here know, you embody everything that is wrong with liberalism, arrogance, name calling, thinking you are smarter than everyone else, thinking that you know what everyone else needs, and always looking at graphs not realizing those are actual people that your ideology has made dependent while enriching the liberal leadership. Appealing to the hearts of good people and convincing them that spending in the name of compassion is all that matters but then having them find out that that compassion is dependents shows just what a fraud the liberal ideology is
It is a waste of time dealing with people who are so arrogant and people who are totally out of touch with reality believing the left wing rhetoric, promoting the politics of personal destruction, having class envy and jealousy of the private sector while allowing the public sector to grow, expand and destroy individual freedoms.
I do feel very sorry for those of you buying the leftwing bull****, believing that Obama was better than he was, ignoring actual history, ignoring official data in context, and more importantly ignoring that the election results are what matters and the American people are sick and tired of the politics of personal destruction the left spews.
It is the arrogance of the left that creates most of the problems that conservative economic policies correct and it is the left fighting hard to save their power and ideology as people are coming to grips with the lies. You people can demonize me, demonize Trump, demonize individual wealth creation but the one thing you cannot do is post actual results that match the rhetoric of liberalism. Creating massive entitlement programs that destroy incentive destroys individual will and will eventually lead to that failed liberal utopia that the left wants.
I am not leaving the forum but I am no longer going to engage in a contest with people who don't understand context and people who don't understand human nature. There is only one viable economic model that works for people and that is the conservative model as you don't see conservatives whining and complaining about what someone else earns or pays in taxes. That belongs to liberals who create dependence and you never bite the hand that feeds you.
So keep it up, keep up the arrogance, name calling, cheerleading of each other and I will continue enjoying the successes being generated by conservative economic policies and the recovery we are going to experience thanks to this President
That defines liberalism to a tee, no one really cares, just rhetoric creating dependenceNobody cares....
And still you refuse to acknowledge that you purposefully posted false data and tried to pass it off as legit... until you got called out. Not once have you apologized for calling people liars when they pointed out these errors. Instead, you doubled down with partisan ignorance.
For the record:
You claimed that Trump's economic policies will lead to more than 3% rGDP growth. That never happened.
After reality taught you a valuable lesson, it was entirely drowned out by partisanship. You went on to claimed that when nominal GDP growth falls, it is a sign of a negative economy. When it was shown to happen in 2019, you eventually abandoned this false narrative.
Once again, reality came crashing through... You then claimed that nominal GDP growth for 2019 was $1.154 trillion dozens upon dozens of times. When it was shown that nominal GDP actually fell from $1.060 trillion to $848 billion, you continued to post the false calculation for months. In the process you referred to others as liars as they pointed out these errors.
Never have you chosen to acknowledge these severe lapses in logic and reasoning.
I disagree. If worse comes to worse...America could probably get $23 trillion for Alaska.
I disagree. If worse comes to worse...America could probably get $23 trillion for Alaska.
no one really cares
Your opinions regarding liberalism, the left, etc... are not the topic of discussion. The record shows you falsify data without remorse.
Liberals are PRAYING for the economy to tank. They've been hoping and warning about a crash for three years. Trying to "scare" us into a recession, I guess.
The records show that liberal arrogance trumps official bea.gov data. Take up your problem with the data with the bureau of economic analysis
That is using Q4 seasonally adjusted data for 2019. But when you are making your calculation, you're not using the Q4 SAD for 2018, which is $20897.8 billion. You're clearly using different data points, e.g. subtracting an annual figure from a quarterly figure.
In another post, you wrote:
Here is what the left wants to ignore, gov't spending was a major component of Obama's GDP growth as most of the Stimulus was gov't spending Trump hasn't generated that but has generated the following
T
GDP growth for Trump
DP and Dollar change
2013 16974.9
2014 17527.7 552,8
2015 18224.8 697.1
2016 18915.0 490.2
2017 19918.9 1003.9
2018 20897.2 1006.1
2019 21734.3 1154.1
Here, the Q4 value for 2018 is used and the Q4 value 2019 is used, but you actually subtracted the Q4 value from 2019 from the annual value of 2018. When i informed you of this error, you switched from citing the Q4 2018 value to the annual 2018 value. However, if you use : Q4 2019 nGDP - Q4 2018 nGDP : we get $21734.3 billion - $20897.2 billion = $836.5 billion. If we use : annual 2019 nGDP - annual 2018 nGDP : we get $21429.0 billion - $20580.2 billion = $848.8 billion.
The recent BEA release is clearly using annual figures:
:lamo
I'm just teaching you a very embarrassing lesson. It's not that lack of such knowledge of the data and basic analytics is something one should feel ashamed of... but you've kicked and screamed and posted interchanged values, likely because you are confused. I don't think you're sharp enough to try to push such a clearly invalid methodology. But then again, your command of the English language is surprisingly suspect. Might you be posting from some center in St. Petersburg? Not likely. You're just really confused, and took on way more than you could chew... which was a choice driven entirely by partisanship. That's the embarrassing part.
Your opinions regarding liberalism, the left, etc... are not the topic of discussion. The record shows you falsify data without remorse.
Now that's completely unfair.
OK so his data doesn't prove what he says it proves, and he doesn't actually understand what his data means, and he isn't able to perform a cogent analysis of his data BUT HE DOES NOT MAKE IT UP. (Possibly someone else makes it up and tells him what it is supposed to show, BUT HE DOES NOT MAKE IT UP.)
DP and Dollar change
2013 16974.9
2014 17527.7 552,8
2015 18224.8 697.1
2016 18915.0 490.2
2017 19918.9 1003.9
2018 20897.2 1006.1
2019 21734.3 1154.1
Your credibility doesn't even exist:
He made this up:
Table 1.1.5. Gross Domestic Product
[Billions of dollars] Seasonally adjusted at annual rates
Bureau of Economic Analysis
Last Revised on: April 29, 2020 - Next Release Date May 28, 2020
Line 2018 2019
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
1 Gross domestic product 20163.2 20510.2 20749.8 20897.8 21098.8 21340.3 21542.5 21729.1
He made this up:
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