Never understood why people always bring up the GDP. Like 9 times out of 10 when I see it brought up it’s not even relevant.
It’s still funny but I think it should be “the economy is doing well”
Oh yeah it’s still funny, it just reminded me about what my comment mentioned.
Because the US government declared it the measure of economic health, despite it’s inventor specifically stating that it’s not a good measure of economic health.
If GDP line go up, then the government and all other people with a vested interest in not helping others can say “well the economy is great, look at the GDP, it must be your fault specifically that you’re suffering, guess you just can’t cut it and should die or become my slave until you learn how to be useful.”
Since there’s no
national popular voice to fight back on this
Yes, both sides are the same, California just recently voted to keep slavery and has some of the most Draconian anti homeless measures in the country ::: there’s no real pushback and even those vulnerable will repeat the lie and see themselves as unworthy of help.
Really this is mostly a flaw in conflating the economy with one’s material needs.
We can argue about how to interpret the data all day but inelastic goods have seen massive prices increases over the past 10-20 years. Sure, you can buy a TV for close to nothing but that shouldn’t lower the perceived inflation because it is, in-the-end, entirely frivolous.
GDP and inflation will not represent these problems in the US accordingly:
- Healthcare is the top reason for bankruptcy
- Housing is the most expensive it has ever been
- Education is exceedingly expensive and fosters a debt many will never recover from
