whysoserious
DP Veteran
- Joined
- Jan 25, 2011
- Messages
- 8,170
- Reaction score
- 3,199
- Location
- Charlotte, NC
- Gender
- Male
- Political Leaning
- Liberal
Do you know what GDP is? What is really important about GDP and when you figure that out wonder if you can also then figure out why GDP adjusted for inflation is really irrelevant except to make one side or the other feel good. Get back to me with the answer. Unemployment percentages? What does that serve? Think a 9.1% unemployment on a labor force of 154 million is better than a 10% unemployment rate on a labor force of 100 million? You really need to think before buying the rhetoric you are being told.
I asked you to explain the context to me for the Obama results as well as the numbers you have posted? What relevance are they for today?
Yes, Gross Domestic Product is a very easy number to understand. You're really going to argue with every economist that ever existed about the concept of adjusting for inflation? Really? Why? It doesn't even make your numbers any better anyway, so why continue this torturous task of explaining every little math detail to you.
The Importance Of Inflation And GDP
Real gross domestic product
U.S. Real GDP vs. Nominal GDP (1929-2003)
Read up, or do something, because this is getting ridiculous. This is like 20 pages of me explaining economic 101 theory to you. That's not book smarts, that's just having-a-brain-and-reading-a-book smarts.
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9% unemployment on 200,000 and 2,000,000 is the same. Do no you not get that concept? It's called a "ratio". I believe we learned those first in like 6th or 7th grade - I can't recall. Ratios are used when comparing numbers that fluctuate over time. As I showed, Obama has not had as much time to turn the economy around as Reagan - unemployment wise.
Are you willing to show when Reagan's policies came into effect, how long it took them to work, and what that number was when you were satisfied? Then, are you willing to show when Obama's policies went into effect and what you think is an acceptable amount of time to wait and what level is acceptable as well?
Thanks.