The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on April 26, 2024, 02:10:25 pm
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White House: ‘You Don’t Eat GDP,’ Paychecks Matter ‘Most’
Ian Hanchett 26 Apr 2024
On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that even with the latest GDP report, we “really haven’t seen much in terms of slow growth yet.” And the job market is “really what matters to people, you don’t eat GDP, your paycheck matters most.”
Bernstein said, “We really haven’t seen much in terms of slow growth yet. Let’s talk about the job market, because that’s really what matters to people, you don’t eat GDP, your paycheck matters most. And there, you’ve seen growth continuing to defy expectations to the upside, stronger job numbers than have been expected, and again, an unemployment rate that’s been below 4% for over two years. That’s generating real wage gains. On the GDP front, this president has a 25-year record when it comes to real GDP growth. So, I think probably one thing you may be referring to is a kind of downshifting that has to happen as you grow at a breakneck pace out of the pandemic-induced recession, we have to settle back into more steady, stable growth, and I think that’s one of the things you’re seeing in reports like the one this morning. But in terms of growing at least at or above trend, if you look at at least the year-over-year measure, 3% for this GDP, and the job market numbers I just cited, the economy remains strong, solid, on a steady, stable path.”
more
https://www.breitbart.com/clips/2024/04/26/white-house-you-dont-eat-gdp-paychecks-matter-most/
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What the hell does that even mean?
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This is Jared Bernstein, the man who sets economic policy for the Biden administration. Asked why the US government borrows money if it can print its own money: "I can't really... I don't get it. I don't know what they're talking about."
https://twitter.com/stillgray/status/1786627373070454939
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GDP is where paychecks come from, idiot. Lord but liberals are some of the stupidest people in history. Flat Earthers are Solomons by comparison.
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This is Jared Bernstein, the man who sets economic policy for the Biden administration. Asked why the US government borrows money if it can print its own money: "I can't really... I don't get it. I don't know what they're talking about."
https://twitter.com/stillgray/status/1786627373070454939
Don’t you sleep well at night knowing our country is in such good hands
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Don’t you sleep well at night knowing our country is in such good hands
****slapping 22222frying pan
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Another liberal admin dufus spouting broad boilerplate but no understanding of mechanics or specifics.
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This is Jared Bernstein, the man who sets economic policy for the Biden administration. Asked why the US government borrows money if it can print its own money: "I can't really... I don't get it. I don't know what they're talking about."
Oh my lord, we are doomed indeed. Is this guy really that inept?
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Bernstein graduated with a bachelor's degree in music from the Manhattan School of Music where he studied double bass with Orin O'Brien. Throughout the Eighties Jared was a mainstay on the jazz scene in NYC.
He also earned a Master of Social Work from Hunter College as well as a DSW in social welfare from Columbia University's school of social work.
https://en.wikipedia.org/wiki/Jared_Bernstein
Zero economics education. Zero. Probably didn't even take 101 Macro.
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https://en.wikipedia.org/wiki/Jared_Bernstein
Zero economics education. Zero. Probably didn't even take 101 Macro.
So no grasp of basic economics. Why did Biden choose him? He’s not gay or a black, lesbian, trans, purple haired, pronoun confused like everyone else in this administration
He’s just a plain old white guy with no economics qualifications.
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He was Biden's economic advisor back when he was VP (as if he needed one). Maybe he's good at laundering money for Hunter.
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A must watch......
This is one of the guys steering this economic boat into the iceberg.
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A must watch......
This is one of the guys steering this economic boat into the iceberg.
I watched it and was in tears afterwards
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I watched it and was in tears afterwards
Never seen such blatant incompetence. 50 years ago, the MSM would have been on this like a mad dog.
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A must watch......
This is one of the guys steering this economic boat into the iceberg.
I lasted about thirty seconds before my tolerance to abject stupidity level was exceeded.
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I lasted about thirty seconds before my tolerance to abject stupidity level was exceeded.
Pretty amazing really... Ideology now supersedes all... No competence or facts required...
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Pretty amazing really... Ideology now supersedes all... No competence or facts required...
Sad but true!
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Sad but true!
It is spreading far beyond government. The fallout is going to be pretty destructive...
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With Leftists you always wonder whether they are completely clueless about economics and believe the nonsense they spout or are charlatans who actually know better and are just peddling the fiscal equivalent of snake-oil because it helps them stay in power. It seems from his credentials this one is completely clueless.
Well, except for Yanis Varoufakis, whose critique of the bailout "of Greece" -- actually a bailout of German banks exposed to Greek debt that sunk Greece even deeper into debt slavery -- was spot on. If he spouts economic nonsense (which oddly for a Leftist, I've never heard him do) you know for certain he's selling snake-oil and knows better.
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Is there anybody in this administration that’s qualified to do the job they’ve been hired for?
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Is there anybody in this administration that’s qualified to do the job job they’ve been hired for?
If so, they have kept it completely secret!
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Is there anybody in this administration that’s qualified to do the job they’ve been hired for?
That depends on what they were hired to do. I'd say a good number of them are doing exactly what they were hired to do.
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With Leftists you always wonder whether they are completely clueless about economics and believe the nonsense they spout or are charlatans who actually know better and are just peddling the fiscal equivalent of snake-oil because it helps them stay in power. It seems from his credentials this one is completely clueless.
Well, except for Yanis Varoufakis, whose critique of the bailout "of Greece" -- actually a bailout of German banks exposed to Greek debt that sunk Greece even deeper into debt slavery -- was spot on. If he spouts economic nonsense (which oddly for a Leftist, I've never heard him do) you know for certain he's selling snake-oil and knows better.
:thumbsup: