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ProfessorGAC

(76,439 posts)

1. What Slow Recovery?

Reply to Mad_Machine76 (Original post)

Fri May 7, 2021, 06:17 PM

May 2021

1Q21 showed GDP growth of 6.4% annualized.
Given the prior 5 years pre-COVID show a quarterly average of around 3%, 6.4% is not a slow recovery.
So, if they're using that as their premise, they're wrong already.
As to cutting off those benefits early, I think it's "all politics is local". Those governors don't care about GDP. They care about what their local chambers of commerce think.
The move is solely political to keep donors happy.
Don't look for logic in their stances. There isn't any. And, they don't care.

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The Economy & UI [View all] Mad_Machine76 May 2021 OP

What Slow Recovery? ProfessorGAC May 2021 #1

I think it's the false perception of the recovery Mad_Machine76 May 2021 #2

Jobs Were Still Net Positive ProfessorGAC May 2021 #4

You know that. I know that. Mad_Machine76 May 2021 #6

You know how reTHUG Fascist Insurrectionists are. Since their bestest health plan abqtommy May 2021 #3

"They" think that UI is the reason that people aren't going back to work in jobs where they aren't MiniMe May 2021 #5

Of course they are Mad_Machine76 May 2021 #7

I'ts bullshit. Claire Oh Nette May 2021 #8