This past week, the regime media was ecstatic about the 4.9% 3rd quarter GDP report and Biden was so excited he was drooling and shitting his pants while taking credit for our stupendous economy. What they fail to mention is government spending is a major component of the GDP calculation, and your friendly government drones added $1.1 trillion to the national debt in the 3rd quarter to artificially boost GDP. In addition, they used an inflation rate of 3.0% in their calculation. Without the artificial government borrowing and spending, and using the real inflation rate of 8% to 10% you are experiencing in the real world, and the real GDP is really -5% or worse.
Discussion
this true?
I wouldn't doubt it and they can do the same thing with job numbers! Just hire government workers and claim jobs increased!
Excellent insight. It never occurred to me you can just print some money, dump it in the economy, and claim GDP is rising!
I need to think of ways to be similarly devious.