https://researchbriefings.files.parliament.uk/documents/SN02784/SN02784.pdf
According to the data provided in the link, US GDP growth leads the G7 group with 4.7% growth since end of 2019.
Canada was second with 2.1%.
Factor in with this US GDP drop of about 3% in 2020.
And percentage increase since Biden took over is higher than 4.7%.
For discussion.
Trump supporters welcome.
@mghrn55
The national debt in the USA was over 31 trillion last I heard. If government keeps piling on all this debt it will become difficult to pay the interest. They will just order the fed reserve system to create the money out of nothing which creates inflation.
It seems that a high inflation rate is in the future for the USA for a long time. It will be the new normal.
@metal-brain saidOver the last four months, the CPI has risen less than 1%. https://www.bls.gov/news.release/pdf/cpi.pdf
@mghrn55
The national debt in the USA was over 31 trillion last I heard. If government keeps piling on all this debt it will become difficult to pay the interest. They will just order the fed reserve system to create the money out of nothing which creates inflation.
It seems that a high inflation rate is in the future for the USA for a long time. It will be the new normal.
A "high inflation rate" for the US is in the past.
@dillhole saidIt seems that they also care about preserving a democracy and candidate quality according to the rejection of Trump recommended mannequins that have mostly gotten the boot from the voters.
Regular people don't care about how the country looks on paper. They care about costs. Inflation is high and a recession is coming.
People who can't afford what they used to don't care about a country's growth.
Like I said, as serious as the economy, crime, immigration are in voters' minds, they are simply re-arranging the deck chairs on the Titanic if democracy goes by the wayside.
- Joined
- 06 Nov 22
- Moves
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@mghrn55
Didn't the republicans gain more seats and the Democrats are about to lose the house?
Well, they almost did. Huge states like NY and Florida counted their votes in one night but little Arizona and Nevada are waiting to learn how to count it seems.
And people wonder why elections are causing suspicion.
@dillhole saidThey didn't quite get the 240 House and 55 Senate they were salivating over.
@mghrn55
Didn't the republicans gain more seats and the Democrats are about to lose the house?
Well, they almost did. Huge states like NY and Florida counted their votes in one night but little Arizona and Nevada are waiting to learn how to count it seems.
And people wonder why elections are causing suspicion.
They will get the House by a slim margin (around 221), slim enough to get the Freedom wackos to try to stop McCarthy from getting the leadership.
The Senate appears to be in the Dems favor.
Yup, well done !!
@no1marauder saidYou seem like Biden trying to convince people inflation is 0% by doing a comparison to the previous month. The inflation rate is still high. It only dipped because of the dip in oil prices which is because Biden released oil from the oil reserves.
Over the last four months, the CPI has risen less than 1%. https://www.bls.gov/news.release/pdf/cpi.pdf
A "high inflation rate" for the US is in the past.
The annual inflation rate in the USA is 7.7%
You would have us believe that is not high?