[ConservativeInPA]

With yesterday's GDP numbers, it is wise to review the calculation of GDP and what it really means to the economy. Two major variables stick out like a sore thumb; G and NX. We know government spending (G) is at an all time high, thus bolstering GDP. Everything else, is significantly down.

If we the GDP to go in the right direction we need reverse the trend in G and NX, plus bolster I. Less G leads to significantly more American businesses, which have greater expenditures and export more goods and services. This is simple to understand. Less government means less regulation thus creating an environment for businesses to prosper.

Sounds like MAGA to me.

[PGR88]

The standard definition of GDP is a crappy one

Government produces nothing. It merely re-allocates consumption or investment that would have been done elsewhere.

OR in the case of our present situation, it merely “prints money” in the form of monetized debt, to steal others resources through debasement.

[Starboard]

Being heavily influenced by political considerations rather than rational economic ones, G often contributes to misallocation of resources, monumental waste, duplication of effort, and malinvestment. Perhaps it should have a negative sign in the calculation. ;).