Trump and the GDP: They’re just not that into each other

October 17th, 2016 at 8:31 am

That’s “GDP”, though GOP also works in this context. But my point, over at WaPo, is that candidates’ GDP targets are more often than not economically indefensible. And they create a media problem wherein reporters are tempted to ask, “So, he says he’ll get to 3.5%; what can she do to match that?!”

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2 comments in reply to "Trump and the GDP: They’re just not that into each other"

  1. Ben Groves says:

    Sorry, but Trump is all about GDP. That said, the Government can’t calculate it right anymore anyway. They are still so 1975. If the logged in the service sector component properly, Nominal and Real GDP since 1996 would likely be higher. Many other government survey’s have this problem. They simply are outdated.

  2. Smith says:

    “The labor force participation rate has fallen by about three percentage points since 2007, and much analysis typically assigns two of those points to the retirement of aging boomers.”
    The labor force is about 250 million (our population of 318 million doesn’t include school age kids or younger and retirees). 1% is 2.5 million. With a still slack recovery reeling under the weight of a lost decade, it’s no wonder they haven’t returned.
    “There are, however, a couple of things he/she could do to replace the lost labor supply: welcoming immigration policy…”
    This is nutty, in my not too humble opinion. Why would you respond to discouraged workers having difficulty competing in the labor market due to a Wall Street fraud induced slowdown by increasing competition. I’m all in favor of immigration, but half our immigration is currently employer based creating indentured servitude that depresses everyone’s wage, and there is no case that can be made for increasing immigration in the current economic climate.
    More exploited workers and wage subsidies which are corporate welfare decrease labor’s power. Also, a good case can be made that a slack economy and suppressed wages induce slow productivity gains and not the other way around.
    Corporate Democrats and Obama will try to pass TPP in the lame duck, and Clinton will support a huge tax give away for repatriation of foreign profits, giving away 25% of $2.5 trillion to gain a one time gain of $200 billion.
    Not looking forward to it.