Quote:
Originally Posted by Mech Spec
You seem to be of the notion that one can just "shut off" the government portion of the GDP calculation.
You can not, at least not truthfully, it would be making up the number.
So you would have to find a different metric that only accounts for private businesses. But that is stupid as all get out because you are ignoring a substantial part of the economy.
But all of this comes from the fact that some folks are grooming their news bubbles to be skeptical when gdp tanks. The entire discussion of the past few posts is happening because you were made to believe that gdp is somehow a flawed metric when it actually isnt.
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Correct, and very evident with just a little research. Apparently rather that Gross Domestic Product, some want Selective Domestic Product to be our benchmark. Which they could easily obtain from data already in the public domain.
It isn't going to matter to anyone who loses a job or pays more at the grocery store or watches their 401K sink, that the GDP numbers are somehow supporting a rosier narrative. Or, more likely, providing cover for flawed policy decisions.