How do you shutter 50% of the small businesses in San Francisco and Los Angeles, lose 156K residents and have 1 million people out of work and have an increase of GDP by $342 billion?
I do not get it...
Tech. Google, Facebook, Apple, and Microsoft carry Washington & Cali.
They count government spending as part of GDP.
How do you shutter 50% of the small businesses in San Francisco and Los Angeles, lose 156K residents and have 1 million people out of work and have an increase of GDP by $342 billion?
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Well,,
You start with claiming you spent 1 billion on masks, then don’t.
Then you get covid plandemic cash , and don’t spend that either,,
Then you cook some books, play 3 man monty, raid all the tax gas and other tax money in the slush fund to pay folks not to work instead of fixing the damn infrastructure,,
Then you collect accrued interest on the unspent plandemic money sitting on the books
That would be my guess.
GDP is merely a gross economic measure, and just like an average it can seem significant all by itself and still mask/hide many lows because, sometimes, of a few items that take the gross figure higher - regardless of lows/losses elsewhere. That is how tech rich Silicon Valley enterprises can generate, consume and reflect such a large volume of GDP, even while much of the rest of the state suffers. And look who helped fund Newsome so much - Silicon Valley.
Most of the most expensive zip codes in California have had increases in home values this ytd.
https://www.newsweek.com/wealthiest-zip-codes-california-1594883
Home-buyers with a lot of wealth are moving in and buying these expensive homes.
The sellers have 2 options. Staying here in California or going to lower cost states. Many are buying good homes in whatever state they end up.
Some of the new buyers here, are so rich, they hire people as life coaches, nannies and general life counselors. Their kids go to special day care places and private schools. That creates a separate home buyers’ market for these “special” people.
.......here’s a few facts that will help you “get it”.
Justin Fox works for the Washington Post whose editorials often tell outright lies in support of the Democratic Party.
Justin Fox is a 43 year old African American Lawyer.
Justin Fox was or still is the Lieutenant Governor of Virginia.
Justin Fox is a Democrat and is 42 years old.
In my book, if he’s a Marxist Democrat, he’s lying.