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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bonefish who wrote (1236474)	6/5/2020 12:20:54 PM
From: Jamie153	Read Replies (1) \| Respond to of 1577894

The NBER hasn't officially listed a recession but there's about a 99% chance they will. So let's play with some numbers (you know how I like math). GDP went from $19.1 trillion to $21.5 trillion (Q1) which is an increase of $2.4 trillion. Since the idiot's been in power, the debt rose from $19.947 to $23.868 (Q1) or $3.921 trillion. In other words, before the virus hit every single penny of growth under Trump came from government debt plus $1.521 trillion (3.921-2.4). The current debt is over $25 trillion and rising fast so you can see, the US economy is dependent on government debt....it was dependent before the virus and after the virus.