Posted on 04/30/2015 3:41:23 AM PDT by IBD editorial writer
When the 0.2% GDP growth number came out on Wednesday, economists were quick to emphasize that it was just a temporary blip. [snip] Such words would be comforting indeed if it weren't the fifth April out of the past six that economists made almost the exact same claim
(Excerpt) Read more at news.investors.com ...
Well, it will improve, because they now have a better idea of how much they need to fudge the numbers.
I often see you make similar comments on the board. I was just curious if you had any insight into: (1) which jobs you are referring; (2) how much workers would be paid per hour here in the US; and would the company providing those jobs be able to turn a profit?
It seems easy to simply clamor for more jobs, but if the conditions created by our over-regulating and over-taxing government do not create an environment in which a company can make a profit, investors (i.e. entrepreneurs) will simply invest their hard earned money elsewhere.
As far as existing companies, it is not smart business to manufacture certain goods here in the US and ship them overseas. Therefore, a US company will set up shop overseas, in order to be competitive, and still make a profit. For example, making Budweiser beer here in the states and shipping it to overseas markets is simply not profitable, so Anheuser-Busch built a plants in the UK (I believe they operate 3 plants). Even in the US, they have 12 plants to regionalize their distribution.
Again, just curious to see what jobs currently being done overseas are really candidates to be "brought back".
I guess that the term, "temporary blip" is in the same arena as "temporary taxes" - two years from now, if we have a Cruz or Walker Presidency, the "blip" will start to turn around and the MSM will howl how it's too little, too late.....
If growth is at a hypothetical 100 at the end of the first quarter and grows weakly to 100.2 when it should have grown to 105, and then the 2d quarter it grows to 105.2, you have a seeming growth at the end of a third quarter of 5% over the previous quarter. In reality, you should have been at 100, 105, 110.5.
You are 5 points off, where you should have been. Is this how they do these numbers?
You should go look up what goes into GDP calculations. You are embarrassing yourself.
(Hint: GDP calculates the value of domestic production. You cited a consumption figure. Apple, meet orange.)
The phony calculations they use can’t even fix it.
“Who is not surprised? The Big Brother Democrat news channels are a lot like the newscasts that Winston Smith and the other proles had to watch on the telescreens in “Nineteen Eighty-Four”.”
And the ‘smart TVs” are watching us back.
Not exactly, see Milton Friedman, Thomas Sowell and Walter Williams
I see no one has responded to your logical post.
Just saying.
Eliminate unions, red tape, and corporate taxes, and watch employment skyrocket.
The jobs he wants “brought back” are $60/hour jobs screwing lug nuts onto Cadillacs. He doesn’t care about skilled positions.
Deporting illegal immigrants would free up the jobs they currently hold.
And canceling every HB-1 visa frees up several hundred thousand high skill / STEM positions.
Never fear people, the (2010) “Summer of Recovery” is just around the corner!
Let them talk about their “5-year plan”. Its just around the corner!
Under Obama economic growth forecasts are settled science.
There was an article yesterday that put the numbers into better perspective.
The economy grew by a little over $6 billion. However inventories grew at over $120 billion, which is abnormally high. Without that inventory growth GDP would have been negative.
Those inventories now need to be sold. If they aren’t, it puts brakes on economic growth over the long term.
The question being: why did inventories spike? Because business believed the projections for better growth down the road and decided to accept the risk?
Still a full on idiot. Good to know.
Virtually all foreign national workers should be pink slipped. H-1B is an obscene abuse.
Nobody on this forum. Why did you ask? As 1rudeboy noted, your bumper-sticker slogans are not helpful. You should read rather than write.
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