The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label GDP. Show all posts
Showing posts with label GDP. Show all posts

Wednesday, October 30, 2019

As Trump's World Turns: U.S. Economy, GDP, Fail


Saturday, July 28, 2018

As Trump's World Turns: GDP?

Donald Trump exited the White House yesterday to tout 2nd Quarter GDP which has been at 4.1 percent. Quite an achievement for the saviors of the US economy back to 2009. The only celebration warranted by Trump is to-date no inevitable GOP collapse. 

While the following chart ends well prior to Trump taking office, we post it for the dramatic effect of failed GOP policy and the "white knight" (figurative non-racial metaphor) of Obama policy and practice.

Related image

During his second term tow realities exist. Trump's touting wouldn't e possible if we did not have the immediate economic turnaround via Obama and team it is impossible to celebrate Trump without an economic Obama.

Yet we have Trump touting for effect.  I don't recall Obama ever hosting a White House outdoor even to publicly tout the 2009/10 economic turnaround.  Ah yes, Maybe Obama should have as the Dems lost the US Congress in 2012.


Trump: These economic numbers are very, very sustainable from CNBC.

My preferred version: the short version as I practice Trump avoidance where possible. When I must expose myself I limit my exposure. If I know a person is going to lie to me, why listen?

I digress.

Trump's Politifact
The message is clear.

The short version.

Allow me to take away your need to scroll up to the top of this piece.

Credibility is everything!

Tuesday, May 13, 2014

US Debt, US Deficit, Spending and False Mantra About Obama Spending

Think Obama's a huge spender?
Last week we published a recent set of quick read pieces from Connect The Dots USA. Connect was one of the most prolific sources of information related to the Affordable Care Act as Congress worked in deliberation of the law and Connect was the point of information for the TPI as the GOP Congress sought to repeal the law. 

Now, that the ACA is yielding forecast results on many fronts, Connect has turned-on another beacon of light: federal spending via deficit and debt.

Connect Linked

I really must join Connect in illustration of US Debt and Federal spending.

In case you missed the point:

Now, take Knowledge Effect look at the same period with particular attention to the Debt Limit per administration with a ruling congressional party following in tow. Looks like DEMs in the House have been generous and cooperative in facilitating GOP Administration spending. Alas, before the election of Barack H. Obama as 44th President of the United States.

The Republican Party has procured economic failures since Ronald Reagan and his fantasy of trickle-down (Supply side) Economics. The GOP to date retains trickle-down as a nucleus of their economic policy. The policy over-time has contributed to obscene income inequality.

U.S. public debt and the debt limit, while color coding each column to show the ruling party at the time.

Freakalytics provides a perspective

An exception for the economic mess Obama inherited, ".......Republicans have been less successful at managing US Debt increases when in control of the Presidency, versus democratic presidential administrations." Freakalytics

One more item with clear illustration of Big GOP government spending. And the party does so with consistent mantra and lies about fiscal conservatism.

Read much more from Freakalytics.

One last meme.....

Have you seen enough to accept, "your GOP is not the party of the fiscally conscience." Do you say you are not convinced?

Do you think the American voter will ever realize they are the subjects of the most heinous and effective political subterfuge in US History? The GOP is no more fiscally conscience than it for human rights. 

I so have grown weary of hearing and reading about the disasters of the current administration.  I also have major issues with millions who buy into GOP propaganda and mis- information that leads to their running off to cast votes for a party that so clearly does not fight for the interest of all. In fact, the GOP only fights for its own interest and that personal interest involves serving as stooges and facilitator for the nation's wealthy. 

Tuesday, December 3, 2013

Morning Java: December 1 and 2...And The Awakening ACA Website!

Enjoy while the caffeine kicks-in!!!!

How about some ACA website updates to go along with your Sumatra,  Kopi Luwak IndonesianKenya AA, Tanzanian, French Roast, Kona Coast, 'Black Ivory' [Thai Elephant Dong],  Jamaica Blue Mountain, Ethiopian Yirgacheffe, Costa Rican, Espresso,  Moyobama Peruvian Organic, Indonesian Blend, Coffee Latte, Kauai Blend (often bitter), Colombian Red Lips, or your Folgers 100% Colombian?
                                         Coffees of the World

Since we have been straight forward in criticism of Affordable Care Act implementation, we are compelled to report on progress towards a more functional website and development on back-end issues.  Since, CNN seems "bent" on continuing ACA "gotchas" via various on-air guest and, of course, Fox News continues to develop and broadcast outright lies about the humane law, we are embedding four MSNBC video segments.

The following is an Affordable Care Act video journey through a few MSNBC broadcasts from the first working today of December 2, 2013. The day is significant for one reason only.  It is the day the White House set as a retrench and complete for a much improved ACA website. While we recognize the back-end of the process is not complete, for now people can establish an account, research plans and finalize coverage decisions. And, of course, we recognize the site will have periodic issues.  After all, the website is a government site; not a site developed and run by Pay-Pal, Google, or Amazon.

The video are not, for the most part, short run. If at work consider watching another time, we do not want to lower GDP (productivity).  Or, get your headsets.

Remember, no "screwing - off" at work!

The Daily Rundown, Chuck Todd,

‘Confidence’ grows in health care site  (unable to provide direct link)

Alex Wagner, NOW

Al Sharpton, Politics Nation

"It is starting to work!"

Chuck Todd, The Daily Rundown,  12.3.2013   (1:37 Minutes)

"Repeal no more?" (unable to provide a direct link) 

We will continue our reports on a law that is as critical to a great society as Social Security and Medicaid.  

Friday, October 11, 2013

Bill Moyers And Erika Eichelberger: Record US Poverty And America As An Exceptional Nation

Poverty rate rises as incomes decline - Census - Sep. 13, 2011
Re-Blog from Bill Moyers Dot Com via Mother Jones.... It is critical to remember, we re-blog when allowed via permission. It is a right we thoroughly appreciate; you as TPI readers should consider the high level information available from websites that allow bloggers to share their posts.

Global inequality and one nation that has the highest level of median wealth. That nation also has strict gun laws and universal healthcare: Australia. In American, we have a political party and millions who are anti-firearm control and who abhor healthcare for all.  

As you read and view the following linger for a moment on the chart related to the number of millionaires in the study group nations. Also, linger on the chart indicting wealth inequality. 

As indicated in the CNN Money chart above, GOP mantra on President Obama as the impetus for the poverty rate is as disingenuous as the GOP railing about Democrats causing the Federal Government shutdown.

Yes, America is far from and "Exceptional Nation."

NOTE: All preceeding comment from the TPI, and should be viewed and considered separate from th following article.  .....The Pardu

Despite Record Poverty, the US Has Made Most Gains in Global Wealth (with Charts!)

The United States is the wealthiest country in the world, in terms of GDP. But which country is the richest in terms of median wealth per person? Australia. The median wealth of adults there is $219,505, according to the Credit Suisse 2013 Global Wealth Report, which was released on Wednesday. In the US, the median wealth is only $45,000, compared to an average wealth per person of more than $250,000. Here are some other chart-tastic findings from the report.
Global wealth reached an all-time high of $241 trillion, up about five percent since last year. If all the money in the world were spread out evenly, it would amount to $51,600 per person. And here is a map of what it would look like if countries’ GDP were spread out evenly among their populations.
Global inequality remains high. The richest 10 percent of people in the world hold 86 percent of the world’s wealth—with just 0.7 percent owning 41 percent of global riches. Meanwhile, the bottom half of adults own one percent of the world’s wealth, with more than two thirds of people worth less than $10,000:
Here’s what the tip top of that pyramid looks like. About 10,000 people have more than $50 million:
About half of those people live in the US:
Here is the percentage of millionaires by country:
Over the past year, the US made greater gains in wealth than any other country. Meanwhile, we have persistent record levels of poverty and stagnant wages.
Erika Eichelberger is a reporting fellow in Mother Jones‘ Washington bureau. She has also written for The NationThe Brooklyn Rail and TomDispatch.


Thursday, October 11, 2012

The Obama Economy: Unemployment And Other Barometers

Continues to trend favorable to the nation! Forget political parties, the nation is what is critical!

We often hear about the horrors of the Obama economic. Paul Ryan has referred to our economy as Obama's Achilles Heel.  I have long posited  GOP obstructionism is the reason we still have a stale economy.   The economy is about jobs. People who work spend and spending drives an economy  If Private Sector jobs has been a a good rate, and public sector jobs lag, ask yourself, "Where can any president impact jobs most?"   Public sector jobs. What political party has obstructed all attempts at jobs initiatives    

Let take a look at the real picture on the Obama economy.

October 11, 2012


In the week ending October 6, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 30,000 from the previous week's revised figure of 369,000. The 4-week moving average was 364,000, a decrease of 11,500 from the previous week's revised average of 375,500.
The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending September 29, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 29 was 3,273,000, a decrease of 15,000 from the preceding week's revised level of 3,288,000. The 4-week moving average was 3,279,250, a decrease of 7,750 from the preceding week's revised average of 3,287,000.

The advance number of actual initial claims under state programs, unadjusted, totaled 327,063 in the week ending October 6, an increase of 25,990 from the previous week. There were 405,906 initial claims in the comparable week in 2011.
The advance unadjusted insured unemployment rate was 2.2 percent during the week ending September 29, unchanged from the prior week's unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,778,396, a decrease of 42,837 from the preceding week. A year earlier, the rate was 2.5 percent and the volume was 3,113,245.
The total number of people claiming benefits in all programs for the week ending September 22 was 5,044,649, a decrease of 43,970 from the previous week. There were 6,819,938 persons claiming benefits in all programs in the comparable week in 2011.
Extended Benefits were only available in New York during the week ending September 22.
Initial claims for UI benefits by former Federal civilian employees totaled 1,545 in the week ending September 29, an increase of 230 from the prior week. There were 2,514 initial claims by newly discharged veterans, an increase of 4 from the preceding week.
There were 17,283 former Federal civilian employees claiming UI benefits for the week ending September 22, an increase of 704 from the previous week. Newly discharged veterans claiming benefits totaled 38,511, a decrease of 18 from the prior week.
States reported 2,106,072 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending September 22, a decrease of 36,977 from the prior week. There were 3,016,035 persons claiming EUC in the comparable week in 2011. EUC weekly claims include first, second, third, and fourth tier activity.
The highest insured unemployment rates in the week ending September 22 were in Puerto Rico (3.9), Alaska (3.7), Virgin Islands (3.7), Pennsylvania (3.2), New Jersey (3.1), California (3.1), Connecticut (2.9), Nevada (2.7), and Oregon (2.7).
The largest increases in initial claims for the week ending September 29 were in New York (+2,764), California (+2,069), North Carolina (+1,217), Pennsylvania (+989), and Arkansas (+538), while the largest decreases were in Mississippi (-3,393), Michigan (-2,639), Florida (-1,972), Ohio (-1,723), and Oregon (-1,135).

(SA: seasonally adjusted) (NSA: not seasonally adjusted)


Advance Oct. 6
Sept. 29
Sept. 22
Prior Year1

Initial Claims (SA)
Initial Claims (NSA)
4-Wk Moving Average (SA)
There is much more after the break below (much more)

Sunday, July 29, 2012

GDP Growth, Critical Economic Indicators, DIJA and GOP Obstruction

A backdrop graphic of those who relish slowed GDP growth!
I am no statistician and I am no economist, but my mind cannot help deep contemplate the Facebook image above.  Late this week we received the latest GDP (Gross Domestic Product) report.  The GDP improved at a rate of 1.5% growth. I have read forecast was 1.45% growth. GDP growth at 3%, I have read, would be a strong indicator of an improved economy.

Since, I am woefully inadequate in full misunderstanding the intricacies of GDP, I am going to post a definition from Wikipedia. Obviously, there is a plethora of definitions of the economic indicator, but for the simple side of me, I prefer the simple definition. 

Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period. GDP per capita is often considered an indicator of a country's standard of living;[2][3]

 GDP can be determined in three ways, all of which should, in principle, give the same result. They are the product (or output) approach, the income approach, and the expenditure approach.  
The ugly details from Trading Economic Dot Com  (in annual quarters)

United States GDP Growth Rate

Trading Economic Dot Com  

U.S. Economy Grows 1.5% in Q2

Published on 7/27/2012 1:54:30 PM  | By Trading, U.S. Bureau of Economic Analysis

U.S. real gross domestic product increased at an annual rate of 1.5 percent in the second quarter of 2012, (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. 

The increase in real GDP in the second quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, private inventory investment, and residential fixed investment that were partly offset by a negative contribution from state and local government spending.  Imports, which are a subtraction in the calculation of GDP, increased.

The deceleration in real GDP in the second quarter primarily reflected a deceleration in PCE, an acceleration in imports, and decelerations in residential fixed investment and in nonresidential fixed investment that were partly offset by an upturn in private inventory investment, a smaller decrease in federal government spending, and an acceleration in exports.

Real personal consumption expenditures increased 1.5 percent in the second quarter, compared with an increase of 2.4 percent in the first.

Durable goods decreased 1.0 percent, in contrast to an increase of 11.5 percent.  

Non-durable goods increased 1.5 percent, compared with an increase of 1.6 percent.  Services increased 1.9 percent, compared with an increase of 1.3.

Real nonresidential fixed investment increased 5.3 percent in the second quarter, compared with an increase of 7.5 percent in the first.

Real exports of goods and services increased 5.3 percent in the second quarter, compared with an increase of 4.4 percent in the first.  

Real imports of goods and services increased 6.0 percent, compared with an increase of 3.1 percent.

Real federal government consumption expenditures and gross investment decreased 0.4 percent in the second quarter, compared with a decrease of 4.2 percent in the first.  

National defense decreased  0.4 percent, compared with a decrease of 7.1 percent.

The change in real private inventories added 0.32 percentage point to the second-quarter change in real GDP after subtracting 0.39 percentage point from the first-quarter change. 

Read More just below....