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@moe good news to make @moe miserable

atlkvb

atlkvb

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Jul 9, 2004
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GDP surged in the second quarter after sliding earlier this year

excerpt:
The U.S. economy surged between April and June after shrinking in the first three months of the year, driven by a large shift in imports tied to President Trump's trade policies. The country's GDP increased at an annual rate of 3% in the second quarter, the Commerce Department said Wednesday. That's higher than the 2% pace the GDP was forecast to grow for the April-to-June period, according to economists polled by financial data firm FactSet. The latest data shows that in the second quarter, from April to June, that trend started to shift with a large drop off in imports and a rise in exports — signaling that the United States is closing the trade gap President Trump has repeatedly cited as the basis for his tariff policy.

Hey @moe, when you read those stats, does that mean your predictions of imminent economic chaos because of Trump's tariffs was outrageously wrong?

@moe
I can't read statistics atl, I can only follow legacy media Trump smears.

Poor guy, maybe that's why your economic "gloom & doom" predictions are always proven factually wrong as well as grossly economically ignorant?

@moe
I'd try to argue that, but I've made enough of an *** of myself to know I'd better stay out of this one OK?

OK @moe ....we'll allow you back out of making more of an *** of yourself this time, but remember you owe us OK? ;)

I think I've done pretty good job of that all by myself!

Nice work too DJT! (y)
 
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atlkvb

atlkvb

All-Conference
Jul 9, 2004
79,576
1,377
113
Here's what makes @moe misery for @moe based on today's economic data:

(from AI sources)

When GDP increases, federal revenues typically rise as well, since higher economic activity leads to increased income and consumption, which in turn boosts tax collections. However, the relationship is complex, as tax policy changes can also influence revenue outcomes.

Impact of GDP Increases on Federal Revenues​

General Relationship​

When the Gross Domestic Product (GDP) increases, federal revenues typically rise as well. This is primarily due to the following factors:

  • Higher Income Levels: As GDP grows, individual and corporate incomes generally increase, leading to higher income tax collections.
  • Increased Consumption: Economic growth often results in higher consumer spending, which boosts sales tax revenues and excise taxes.

Translation for economically illiterate @moe :

More revenue to the Treasury means deficits shrink as long as spending doesn't increase along with it. Higher incomes also mean more tax collections which also help reduce the debt. @moe isn't told these economic facts by the legacy media Hell bent on dumbing his already dumbass down even further. :rolleyes:

@moe
I never imagined myself getting an economic education from a Trump loving Negro!

Well consider yourself fortunate @moe to compensate for your embedded racist attitude. :cautious:
 
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atlkvb

atlkvb

All-Conference
Jul 9, 2004
79,576
1,377
113
@moe
oh why didn't I stop my idiotic predictions about Trump's failures before making a total *** of myself?

Because you have incurable TDS @moe ....poor guy
 
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