Posts Tagged ‘GDP’

Op-Ed Blowback: Trump Behavior Shames Economy

(2018-09-06) — The U.S. Economy today said it was embarrassed at its own impressive growth after learning — from a new Bob Woodward book and an anonymous op-ed in The New York Times — that the country is run by an impetuous idiot.

“Here I am happily growing and creating jobs,” the Economy said, “while this amoral, bozo blunders around the White House saying stupid stuff, and causing chaos for his staffers. It’s humiliating for me to succeed at this level, at a time when senior administration officials have to steal documents from the president’s desk just to maintain proper decorum.”

Reached by phone early this morning, National Security, Deregulation and Judicial Restraint sheepishly agreed with the Economy saying they feel their pleasant circumstances were purchased at the cost of turmoil for senior officials, who have to bear the unfair burden of coping with Trump’s embarrassing behavior just to make America great again.

“When we see the suffering of the anonymous resistance,” they said, “we feel guilty about thriving. After all, what do the American people want more than anything, if not a White House that runs according to historic protocol?”

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5 Takeaways From Tuesday’s Special Elections

(2018-08-08) — With Tuesday’s special elections mostly over — Ohio’s 12th Congressional district result may trigger a recount — experts say candidates and voters can take the following lessons into November’s mid-terms.

1. Democrats spell ‘loss’ v-i-c-t-o-r-y: Merely inferior vote numbers can be deceiving. If the margin of loss should have been bigger, Democrats are de facto winners and should begin shopping for Congressional office drapery.

2. Trump-backed winners are losers: If the margin of their victory should have been bigger, Republicans endorsed by Trump may as well pull out of the race now and go home. His days are numbered, the new Democratic majority will impeach him, and…Russia.

3. Centrist Democrats merely faked Progressivism: Endorsements from Socialists Alexandria Ocasio-Cortez and Bernie Sanders didn’t help Progressive candidates to win primaries because centrist Democrats publicly espoused Progressive views. Today, the moderate primary winners go back to being JFK Democrats so old people will vote for them in November.

4. Democrats can flip 23 House Seats: Because…momentum. Democrats are filled with energy and a youthful spirit, so they’ll get out the vote to return Rep. Nancy Pelosi to the House Speaker’s chair for her second century.

5. Republicans must avoid Trump: With GDP growing at a fast pace, unemployment at historic lows, and taxes coming down, savvy Republican candidates must insulate themselves from President Trump, who shoulders the blame for the economic disruption he caused after the stability of the Obama years.

Discuss in Scrappler Chat

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Record High Jobs, Low Unemployment, Doom Trump

(2018-08-03) — The Commerce Department reported today that more Americans than ever went to work in July, and that unemployment hit an historic low. The latest jobs report virtually dooms President Trump’s Republicans in the 2018 mid-term elections, because Trump’s son, Donald Jr., met with Russians, his former campaign chief, Paul Manafort, bought an ostrich coat, and the president won’t apologize to CNN reporter Jim Acosta for calling the news media “the enemy of the people.”

The Federal Reserve this week upgraded its assessment of the economy from “solid” to “strong”, which means time’s running out for Trump-backed GOP candidates to explain why First Lady Melania isn’t always with her husband, and why his daughter, Ivanka, sometimes disagrees with her father.

Hispanic unemployment also hit a new record low, and Black joblessness remains near its new historic bottom, signaling that Republican candidates must distance themselves from Trump because everything the president has done so far constitutes impeachable “high crimes and misdemeanors.”

The disastrous jobs report comes on the heels of the Commerce Department’s foreboding announcement last week that GDP growth hit a four-year high, at 4.1 percent.

Minutes after the latest report, worried political consultants gathered behind closed doors inside the beltway to strategize how to rescue the GOP by engaging voters, who now have less time to watch political talkshows because they’re at work.

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Despite GDP Jump, Boss Bumps Trump’s Q3 Goal

(2018-07-30) — Although he exceeded expectations in the second quarter by delivering a 4.1 percent GDP growth rate, President Donald Trump’s performance review didn’t go as well as he had hoped, and the boss set new “unreasonable goals” for the third quarter of 2018.

A colleague said Trump had hoped his work in Q2 would earn him a pay raise and a corner office, neither of which happened.

“The boss has no idea what it takes to make 4.1 happen,” said a Trump co-worker. “He’s out there busting his tail every day — early, late, weekends — and the boss strolls in for the quarterly performance review and and talks like it was all dumb luck.”

Instead of praise and a bonus, the colleague said, Trump’s boss nitpicked what he called “opportunities for improvement,” excused away the good numbers, then told him he’d better “shoot for the moon in Q3, or watch his back.”

In a final insult, the supervisor told Trump if it were up to him, he’d get a pay hike, but “the money’s just not in the budget this year, what with the economy and all.”

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Revised Data Show 6 Years of Steep Economic Growth

Revised figures show robust growth 2009-2014(2014-07-30) — The White House today released revised economic data from the Commerce Department that shows the recession and stagnation of the past six years was actually a time of booming economic growth.

“Commerce periodically reviews the numbers and revises its estimates,” said White House spokesman Josh Earnest (which is his real name). “The president was delighted to see that the latest revision marks the start of the turnaround on or about January 20, 2009. His second inauguration spurred another surge. These revisions won’t surprise anyone who really knows the president, or at least none who work for him.”

Earnest attributed the new upbeat perspective on economic growth to “President Obama’s skill in crafting executive economic policy, new insights in mathematics from Common Core, and some recent personnel changes at the Department of Commerce’s Office of GDP Review.

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Obama’s EPA Mandates Homes Powered by Friction

bicycle generator

“The future is friction,” President Obama said today as he endorsed new EPA regulations shutting down all other types of power and heat generation.


(2014-07-29) — Warning that the economic cost of global warming in the U.S. could soon mount to $150 billion per year, President Barack Obama today announced a new array of Environmental Protection Agency (EPA) rules that would, among other things, require U.S. homes to be powered and heated by friction alone.

“We know that fossil fuel emissions will soon incinerate the planet, and could reduce Gross Domestic Product (GDP) in the U.S. by up to 3.1 percent,” Obama said. “We also know that wind power slaughters birds, solar and water power clutter the landscape and disturb wildlife, batteries contain corrosive chemicals–and are often not included anyway — and nuclear power creates tsunamis, as we saw in Fukushima, Japan, not so long ago. America’s last best hope is friction.”

“As long as I’m in this White House,” President Obama said, “the future is friction.”

Under the new rules from the EPA, the power industry would have up to 90 days to make the transition to friction generators after disabling existing power plants at the end of August.

Americans unwilling to wait 90 days could create their own friction at home, using simple hand cranks, bicycles, political discussions or visits from the in-laws.

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