Showing posts with label US GDP. Show all posts
Showing posts with label US GDP. Show all posts

Tuesday, December 23, 2014

GDP Revised Upward

Third Quarter GDP was revised upward to 5%, making this the strongest growth our economy has seen in 11 years.

“There is a positive feedback loop going on at the moment,” Mike Jakeman, global analyst for the Economist Intelligence Unit, said in a note. “Job creation is running at the strongest rate for 15 years. More people in work means more income, which means more private spending, which means more business investment, which means more hiring.”

Early estimates are lower, however, for the fourth quarter with numbers in the 2.5-3.0% range. Of course, none of this indicates the destruction of the economy by Obama that I was promised by conservatives.

As I always say (and they always deliver:)), I'm sure they can find something wrong...somewhere...there just has to be something...

Monday, September 22, 2014

The Genuine Progress Indicator

A recent discussion on Facebook regarding GDP as a measure of growth and stability led me to learn about GPI: Genuine Progress Indicator. GPI looks at 26 different indicators to measure citizens' well being. These indicators fall under three categories: economic, environmental, and social. After spending some time reading through the various benchmarks, it's become quite clear to me that this is a far more intelligent and detailed way to judge exactly how we are doing as a nation. Some states in our country have adopted GPI as a way to measure their successes or failures. Vermont became the first in 2012 and there is now a report on Maryland.

Consider what Robert Kennedy said when he was running for president in 1968.

Yet the gross national product does not allow for the health of our children, the quality of their education or the joy of their play. It does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our wit nor our courage, neither our wisdom nor our learning, neither our compassion nor our devotion to our country, it measures everything in short, except that which makes life worthwhile.


Thursday, May 17, 2012

Fun Math Facts

From 1960 to 2005 the gross domestic product measured in year-2000 dollars rose an average of $165 billion a year under Republican presidents and $212 billon a year under Democrats. That's a 12.6% under Democrats versus a GOP increase of 10.7%.

And that's a Fun Math Fact!!