More meaningless and misleading dumb shit memes…
I received this from a very dear old compadre… DB, affectionately known as “Dancing Bear”, sent me this stating… “Interesting numbers. Of course, you will be skeptical, as usual,”…
DB and I have been together for almost 50years and he do know my sceptical and cynical nature well…
On the face of this we quickly are led to assume St. Biden of Delaware is an economic genius and a social wizard! He achieved greater growth, productivity and prosperity in his 4 years than any single president to date… what a man! What a Super Man!
But, no, Johhny, thats not really factual…
Again I rely on those pesky and inconvenient truths/ facts that are buried in numeric confusion and statistical hokus-pokus…
I’m looking here… https://www.macrotrends.net/global-metrics/countries/USA/united-states/gdp-gross-domestic-product
| Year | GDP | Per Capita | Growth |
|---|---|---|---|
| 2023 | $27,360.94B | $81,695 | 2.54% |
| 2022 | $25,744.11B | $77,247 | 1.94% |
| 2021 | $23,594.03B | $71,056 | 5.80% |
| 2020 | $21,322.95B | $64,317 | -2.21% |
| 2019 | $21,521.40B | $65,548 | 2.47% |
| 2018 | $20,656.52B | $63,201 | 2.97% |
| 2017 | $19,612.10B | $60,322 | 2.46% |
| 2016 | $18,804.91B | $58,207 | 1.82% |
| 2015 | $18,295.02B | $57,040 | 2.95% |
| 2014 | $17,608.14B | $55,304 | 2.52% |
| 2013 | $16,880.68B | $53,410 | 2.12% |
| 2012 | $16,253.97B | $51,784 | 2.29% |
| 2011 | $15,599.73B | $50,066 | 1.56% |
| 2010 | $15,048.97B | $48,651 | 2.70% |
| 2009 | $14,478.07B | $47,195 | -2.58% |
| 2008 | $14,769.86B | $48,570 | 0.11% |
| 2007 | $14,474.23B | $48,050 | 2.00% |
| 2006 | $13,815.58B | $46,302 | 2.78% |
| 2005 | $13,039.20B | $44,123 | 3.48% |
| 2004 | $12,217.20B | $41,725 | 3.85% |
| 2003 | $11,456.45B | $39,490 | 2.80% |
| 2002 | $10,929.11B | $37,998 | 1.70% |
| 2001 | $10,581.93B | $37,134 | 0.96% |
| 2000 | $10,250.95B | $36,330 | 4.08% |
St. Biden of The Delaware has had 4years in office and, from above, we can see that 1st) he is touted at having 5.7% annual “real;” GDP growth. and 2nd) The chart I found on line states annual GDP between 2020-2023 = 2.01%. I guess the 2.01% is not the “REAL” growth… what is real GDP growth?
What is the real GDP growth?
The real GDP growth rate is a more useful measure than the nominal GDP growth rate because it considers the effect of inflation on economic data. The real economic growth rate is a “constant dollar” figure, avoiding the distortion from periods of extreme inflation or deflation to give a more consistent measure.
Haaa… statistical smoke and mirrors, me thinks, but we’ll run with it… Noting well there are lies, damn lies and statistics…
Adjusting the results for various externals may be useful but it is also misleading. And potentially nefarious.
Now, compare to the DJT era, where we see annual growth of 2.43%. But is it “REAL” I’ll wave my magic wand over it and say the magic words and, dunno, in a world where magic and stats rulez, one can never tell what is and what is not real… I do believe in magic. But severely distrust statistics where I cant dismantle the numbers.
Returning to our chart showing 23 years of GDP results: We get an annual average of 2.22% growth in GDP. Rain and shine. DNCv RNC… 2.22 is the average. With or without magic.
I personally shall conclude that an average annual growth of 2% is expected, hail or snow, baring any mishaps or events (such as Covid) that shut things down… Noting well (above) that 2020, the tail end of the Covid era, saw a -2.21 growth, representing a contraction in production. A contraction that was followed by a 5.8% jump in 2021, which to me would appear natural…
My conclusion here, noting the propagandistic nature of this meme, is that 2.% is average and this type of meaningless and misleading BS will be used year after year after year to proclaim each successive prez a genius and a saviour.
Smiles
More later
The Native Iowan 
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