Blog-a-Thon @ Webador

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Joy Behar and AOC hail from the same party but conclude diametically about the US economy.

America is doing just fine says TV news host Joe Scarborough. And few know like Joes knows. Read for yourself here as I did. Unfortunately for Joe I recognized several fallacies and/or deficiencies. First, Joe glibly states that America's GDP grew to $25 trillion last year as if the mere mention of a solitary absolute number needed no further explanation. But how does one know if the magnitude of the number has any significance without comparison with previous years or even decades? Moreover, when comparing years, one should recognize anomalous influences such as pandemics. One should also discuss long-term trends. Lastly and maybe most importantly one should recognize how the GDP was achieved ̶ pay as you go, short-term debt or long-term debt