Democrats when real GDP declines for two consecutive quarters under Biden due to extremely high inflation:
Well, we just closed the great gathering of The Economists and we have decided that instead of GDP, we will now use GDP + GDI, >and for an entire year too,
and only when Republicans are president of course
GDP is a long flawed measure of actual growth under Democrat presidents
except when it is positive
in which case it's the most glorious number ever invented
We shall also adjust real GDP for inflation, which gives us realest GDP
Biden is a vibrant young man who is intimate with Jill every other evening, by the way. Just tossing that out for you.
The more you import, the wealthier you are >And inflation actually helps the poor because it makes their debt cheaper
So take that, maga
GDP + GDI is what we shall be using until you hear otherwise
BEA releases GDI and it's also negative.
Well I mean GDI is just stupid. Who even heard of it before
Instead, we are now using (GDI-GDP)/GDP, >and if that is something that I can pass off as looking good to Paul Krugman and Heather Long
we shall say it is good and you are also forgetting how Kamala Harris works at McDonald's too.
That contributes to GDP
Also the economy is booming so much that Powell needs to cut rates immediately because that is what a sensible economist would demand
that the Federal Reserve cuts rates when the economy is doing very well as we told you it is doing with our new (GDI-GDP)/GDP metric >Inflation is reduced by inflation reducing acts that increase government spending
Maga doesn't know this but they're actually richer than they've ever been under Biden specifically because they can buy gas for $7 a gallon
Only the rich can afford gas at $7 a gallon, and thus if you buy gas now that means you are rich. Richer than ever
According to GDI I mean GDI-GDP