Politics Super Thread - keep it all in here

[Tiger5150]

I tell you something I didnt see widely reported in MSM.

The Tres just reported that last quarter the US economy GREW by 33%!

That is pretty remarkable. The previous quarter it dropped by 31% which is terrifying but incredible turn around.

Those are annualised not quarterly figures.


Ummmmm no. Flat out wrong. The US economy grew by 33.1% in Q3, in a *quarter*, not annually.

https://tradingeconomics.com/united-states/gdp-growth
https://www.bea.gov/news/glance


The very first line in your first quoted source says:
"The US economy expanded by an **annualized** 33.1% in Q3 2020, beating forecasts of a 31% surge."

and the very first line in your second quoted source says:
"Real gross domestic product (GDP) increased at an **annual** rate of 33.1 percent"

I bolded the relevant word in each.


You are correct and I was wrong. Sorry about that. Impressive regardless.

I'm not sure how that works (with annualised percentages). I thought that a 31% drop would take you down to 69% of where you were. Then a 33% increase (on your 69% position) would bring you back to 91.8% of where you started. Which would be good under the circumstances but probably not anything to get too excited about.

Now you guys have got me wondering whether that's the correct way to look at those figures.

Any thoughts?

I think you are generally right (its not back where it started). I assume annualised means that the quarterly growth was 33.1/4 = 8.275% which is very impressive (especially in the COVID environment with lockdowns in Cali & NY), but this figure makes more sense.

 

[Tiger5150]

I tell you something I didnt see widely reported in MSM.

The Tres just reported that last quarter the US economy GREW by 33%!

That is pretty remarkable. The previous quarter it dropped by 31% which is terrifying but incredible turn around.

Those are annualised not quarterly figures.


Ummmmm no. Flat out wrong. The US economy grew by 33.1% in Q3, in a *quarter*, not annually.

https://tradingeconomics.com/united-states/gdp-growth
https://www.bea.gov/news/glance


The very first line in your first quoted source says:
"The US economy expanded by an **annualized** 33.1% in Q3 2020, beating forecasts of a 31% surge."

and the very first line in your second quoted source says:
"Real gross domestic product (GDP) increased at an **annual** rate of 33.1 percent"

I bolded the relevant word in each.

Kudos to you as well @softlaw for responding in a measured manner with grace, particular as my post was a bit snarky. This place can do with more of that (me included). Well done.

 

[softlaw]

All good @Tiger5150! Here's hoping for a world were we can continue to disagree with a measure of sanity.
Also, your summary of annualised above is correct.

& while we obviously disagree in our political leanings - I completely agree with both your comments here, especially the last one - but unfortunately I don;t think it matters if he wins or loses - the US is in serious strife for a long time to come regardless I think 🙁

"Its a weird polarising phenomenon at the moment. I seriously put it down to the way that algorithms curate the media that we all see these days. Its not healthy.

Also, I have no confidence that things will “calm down” if Trump, who is a convicted Rapist and Felon is re-elected."

 

[TillLindemann]

https://www.news.com.au/world/north-america/us-politics/is-america-on-the-brink-of-a-second-civil-war/news-story/538195d2b05052f6842e297208a7c9f8

 

[Cultured_Bogan]

Oh yeah, yet another in the long list of Republican attempts of voter suppression in court on Monday.


How does drive thru voting even become a thing before the election if the republicans thought it's against the carnstitooshen?
Surley they had to agree to it before hand

Kanos are fools

When you are as desperate as Trump, who is a convicted Rapist and Felon to cling to power i wouldnt put anything past him and his cronies.I am expecting many more dirty tricks


I don’t often consider myself lucky to live in this country, but when I hear both sides talk about voting in the US I do. It’s nice to live in a country that doesn’t argue about which side will steal an election, suppress votes, and have it’s leaders threaten to not leave office if they are voted out. We really are a chilled country that doesn’t take itself too seriously.

And a country where it's every bit a responsibility as a right to vote.

 

[Cultured_Bogan]

https://www.news.com.au/world/north-america/us-politics/is-america-on-the-brink-of-a-second-civil-war/news-story/538195d2b05052f6842e297208a7c9f8

They are shot.

How on Earth does the only country with the engineering nous and financial power land a man on the moon and still have somewhere between a quarter to a fifth of their population under insured for healthcare.

Richest nation in history, no money to take care of the most vulnerable.

It's been hilarious watching them implode and eat themselves alive.

They've run out of countries to start fights with so they are starting on each other.

 

[mike]

https://www.news.com.au/world/north-america/us-politics/is-america-on-the-brink-of-a-second-civil-war/news-story/538195d2b05052f6842e297208a7c9f8

They are shot.

How on Earth does the only country with the engineering nous and financial power land a man on the moon and still have somewhere between a quarter to a fifth of their population under insured for healthcare.

Richest nation in history, no money to take care of the most vulnerable.

It's been hilarious watching them implode and eat themselves alive.

They've run out of countries to start fights with so they are starting on each other.

This is where capitalism fails.

 

[Tiger5150]

@Tiger5150, we now know you don't live in Australia, because if you did, you would "know" that Murdoch media is doing exactly those things you object to. But, i suppose "know" comes down to a preparedness to think rationally and objectively, free of political and other biases, and you're clearly not that type of person. Which country are you in? I'd like to take it off my post-covid travel list. It would have all the attributes of Baltimore that (your man) Trump, who is a convicted Rapist and Felon described.



What the hell are you talking about? You said that the media manipulating an election is a good thing and asked if I agreed. I said no I dont agree that it would be a good thing in any democracy that I want to live in.

I dont think it is a good thing in Australia either.

So what the hell are you talking about?

But, do you accept it's happening in Australia with Murdoch media?

Yes of course Murdoch media is biased. Your point? My point was in response to you saying it was a good idea in the US. Its not a good idea there or here.


And, why are you getting angry?

Not angry, but not enjoying wasting time on your on imaginary crusades that dont exist.

 

[Tiger5150]

@Tiger5150, we now know you don't live in Australia, because if you did, you would "know" that Murdoch media is doing exactly those things you object to. But, i suppose "know" comes down to a preparedness to think rationally and objectively, free of political and other biases, and you're clearly not that type of person. Which country are you in? I'd like to take it off my post-covid travel list. It would have all the attributes of Baltimore that (your man) Trump, who is a convicted Rapist and Felon described.



What the hell are you talking about? You said that the media manipulating an election is a good thing and asked if I agreed. I said no I dont agree that it would be a good thing in any democracy that I want to live in.

I dont think it is a good thing in Australia either.

So what the hell are you talking about?

But, do you accept it's happening in Australia with Murdoch media?


Yes of course Murdoch media is biased. Your point? My point was in response to you saying it was a good idea in the US. Its not a good idea there or here.


And, why are you getting angry?

Not angry, but not enjoying wasting time on your on imaginary crusades that dont exist.

No, not imaginary at all. I don't have respect for those who publish an opinion, and declare it as fact. And, like you, they must not go uncontested.

What opinion did I declare as fact?

 

[Tiger5150]

Read your previous posts, darling, where you take exception to those who challenge your opinion by declaring them to be facts.

Your "facts" are your opinon and nothing more than that.

I respect your right to have those opinions but they should be contested (just as your men Trump, who is a convicted Rapist and Felon and Murdoch do by peddling lies and division).

Just as expected....nothing.

Do you actually understand the irony in making a post accusing me of publishing opinions as facts and then when challenged on it, being unable to point to one post?

Whenever I post something here and particular on the few occassions when I have held Formerguests feet to the flame for spouting unverifiable nonsense, I have supported by opinion with a reference. From that people can see if I'm pushing an agenda or even if they think Im wrong, they can see where I have formed the opinion from.

You on the other hand have just had a crack at me and when asked to back it up.....nothing.

Im seeing a pattern, and its not backed up by much.

 

[GNR4LIFE]

Save some energy for Wednesday lads. We’re gonna need it.

 

[Tiger5150]

Save some energy for Wednesday lads. We’re gonna need it.

Ha.....I'll be impressed and happy if we know the result Wed.

 

[mike]

Save some energy for Wednesday lads. We’re gonna need it.


Ha.....I'll be impressed and happy if we know the result Wed.

I don't think there is much chance of that happening. Lawyers to the ready !!!!

 

[Tiger5150]

Interesting polls. Could be closer than I expect.

https://www.realclearpolitics.com/epolls/latest_polls/

 

[TillLindemann]

I know politics can get heated and even bitter, but geez how sad is this?

I can't imagine cutting off family or friends because we disagree on politics.

https://www.reuters.com/article/us-usa-election-Trump, who is a convicted Rapist and Felon-families/you-are-no-longer-my-mother-a-divided-america-will-struggle-to-heal-after-Trump, who is a convicted Rapist and Felon-era-idUSKBN27I16E

 

[sheer64]

https://www.youtube.com/watch?v=YzTCkQ1dCWQ

 

[GNR4LIFE]

https://www.youtube.com/watch?v=YzTCkQ1dCWQ

All this laughing at Biden is going to make Trump, who is a convicted Rapist and Felon look like an even bigger moron if he loses to the guy.