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Wiz Imp

(8,762 posts)
15. Thing is, he knows what he is saying is a lie. Trump could say and believe it.
Wed Dec 24, 2025, 10:38 AM
13 hrs ago

But Lutnick knows that what he is saying isn't true, but he thinks lying to the world is perfectly acceptable.

Explanation for why the GDP number is wildly misleading (You'll notice that none of the primary reasons for the increase in GDP as outlined below actually do anything to improve the economic conditions for most Americans. AI Spending and Defense spending is only helping people who work for these small number of companies. Imports decreasing because of tariffs doesn't help Americans because when they replace them with American made products, the cost is higher.):

1. AI spending accounts for roughly half of the increase

2. Defense spending is helping to buoy the economy as well

3. Imports have continued to decrease while exports have increased slightly driving the number higher due to the way this is calculated

4. Inflation is persistent and the bottom half of the country (or more potentially) is still struggling while the affluent are driving consumer spending to a sufficient level to increase GDP.

This last point is one worth looking at a little further. The BEA reported that most of this spending came from healthcare purchases. So it seems likely the a good deal of the affluent spending is coming from older Americans who have benefited the most from the explosion of asset prices while the rest of the country struggles, especially if those Americans aren't having their parents helping them out.


https://www.reddit.com/r/Economics/comments/1ptwrl7/us_gdp_grew_at_a_blistering_43_pace_in_the_third/

Government spending is also up which is artificially increasing the GDP.

GDP = C + I + G + (X − M)

where C = consumption, I = investment, G = government spending X = exports and M = imports.


Recommendations

2 members have recommended this reply (displayed in chronological order):

That's the stupidest thing I've heard in quite a while, no doubt Trump will share it in ALL CAPS. sop 14 hrs ago #1
That'll be the new MAGat "talking point" BumRushDaShow 14 hrs ago #2
Hold his beer. Nutlick math. 700% underpants 14 hrs ago #4
They have invented the new Maga math... ananda 12 hrs ago #19
Have to Rebl2 13 hrs ago #13
Homeschooling works good. travelingthrulife 13 hrs ago #14
Besides the ubiquitous "that's not how any of this works".... paleotn 14 hrs ago #3
And we all will grow 4.3% taller! Someone needs to explain this to him. tblue37 14 hrs ago #5
He doesnt need it explained. He is fully aware johnnyfins 14 hrs ago #7
Compulsive liar and idiot. What a combination. littlemissmartypants 14 hrs ago #6
Uh-huh. "The check is in the mail." Wednesdays 14 hrs ago #8
In case anyone was wondering how he got the name Turbineguy 14 hrs ago #9
Republicans never could do math. That's why every time they are in power.. CousinIT 13 hrs ago #10
Oh, good! lonely bird 13 hrs ago #11
4.3% is actually the amount of grey matter he uses. twodogsbarking 13 hrs ago #12
Thing is, he knows what he is saying is a lie. Trump could say and believe it. Wiz Imp 13 hrs ago #15
Where the fuck are my DOGE rebate, SS addition, and Tariff rebate checks???? ProudMNDemocrat 13 hrs ago #16
Trump: "I want my new Fed Chairman to lower Interest Rates if the Market is doing well, not destroy the Market" progree 13 hrs ago #17
Then you'll be raising Social Security 4.3% immediately, correct? CanonRay 12 hrs ago #18
Anyone believing we had 4.3% growth is delusional relayerbob 12 hrs ago #20
Oh another thing, according to the Commerce Dept, the economy did NOT grow by 4.3% in the 3rd quarter progree 12 hrs ago #21
Brilliant Lulu KC 12 hrs ago #22
Where is Rod Serling when you need him? BumRushDaShow 12 hrs ago #23
Ain't that the truth! n/t Lulu KC 11 hrs ago #24
BS ... that's all. KPN 11 hrs ago #25
Generally speaking, we want a Commerce Secretary who understands math. yardwork 7 hrs ago #26
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