The current growth in GDP is primarily driven by growth in trade. This is the big ‘jump’ between the two quarters. In addition to forcing open markets for U.S. suppliers (see China/Beef and EU/coal), the view of energy as an export commodity is specifically Trumpian MAGAnomics in size, scale and scope.Read more here.
Until Trump all economic energy conversation ended at the point of “energy independence”. However, with Trumpian MAGAnomics we blow through the goalposts of ‘energy independence’ and begin looking at energy as an export/trade commodity.
...Multinational corporations and multinational banks will continue paying Washington DC politicians to support efforts to keep the U.S. economy down; it is in their best interests to do so. It’s always about the money – There are trillions of dollars at stake.
This blog is looking for wisdom, to have and to share. It is also looking for other rare character traits like good humor, courage, and honor. It is not an easy road, because all of us fall short. But God is love, forgiveness and grace. Those who believe in Him and repent of their sins have the promise of His Holy Spirit to guide us and show us the Way.
Friday, July 28, 2017
Big jump in GDP announced
Sundance explains at The Conservative Treehouse what is happening with today's announcement of an increase in GDP.
Labels:
GDP
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