The GDP has grown:
Just out: Real GDP for First Quarter grew 3.2% at an annual rate. This is far above expectations or projections. Importantly, inflation VERY LOW. MAKE AMERICA GREAT AGAIN!
— Donald J. Trump (@realDonaldTrump) April 26, 2019
GDP is a flawed measurement that doesn’t reflect how we are doing. I’d be thrilled to celebrate an uptick in children’s health or a decrease in drug overdoses.
— Andrew Yang (@AndrewYang) April 26, 2019
How many people committed suicide last quarter? Overdosed on drugs? Lost their job in the gig economy? Aborted their baby? Scraped together enough money to make their student loan payment as a modern day debt peon? https://t.co/pC0H6cv5A7
— EMPEROR ‘KINGFISH’ WHITEPILL (@CptBlackPill) April 26, 2019
GDP is a meaningless statistic to the vast majority of the country. The same is true of Wall Street’s bull market. If a marriage collapses and a divorce happens and a single household becomes two households, that is counted as economic growth under GDP.
How many illegal aliens crossed the border last month and were allowed to waltz into the country? How much more are we in debt? It was another new record, right?