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To: Kaiser8408a

The Administration announced today that GDP was up 3.2% for the quarter. Hmmmm.Doesn’t seem like it does it?


2 posted on 12/22/2022 8:04:05 AM PST by silent majority rising
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To: silent majority rising
3.2% huh? I guess they just make those numbers up. The Commerce Department hasn’t released GDP numbers. The Fed’s GDP Now (a projection) was released on the 20th. It was 2.4% for the quarter. That number is only bolstered by $249 Billion in deficit spending in November, not private sector economic output. The BLS is regularly lying about unemployment numbers. They were off by a factor of 100 in Q2, over estimating employment by 1 million jobs. There was a huge delta between the BLS and ADP employment reports for unemployment in November. ADP showed 100k manufacturing jobs lost. BLS did not.

Manufacturing employment is both a forward and backward economic indicator. It means there wasn’t demand and there will not be demand in the future to make and sell goods. That pulls down GDP.

The deep state has weaponized economic statistics. I don’t believe the Fed’s numbers on quantitative easing. Are they reducing easing, or have they stopped, or have the reversed easing, as in pulling money back? We won’t know until the Fed is audited. But who is credible enough to do the audit?

Very few people will talk about the solution to all this. It is massive government spending cut. Not $1.7 Trillion woke omnibus spending. Democrats and RINO are adding $2 Trillion to the national debt this year. To be absolutely clear, that’s $2 Trillion extra dollars either borrowed or printed chasing goods and services. When you have too many dollars chasing too few goods you get inflation. Inflation begets more interest rate increases, which begets higher interest payments on the debt, which begets more government spending. Qui bono? It ain’t the average hardworking American.

4 posted on 12/22/2022 8:36:25 AM PST by ConservativeInPA (Stupidly is a moral problem, not an intellectual problem. )
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