GDP Catches Up

Barataria - The work of Erik Hare

GDP is 1%. That’s terrible. Our country is dying at 1% GDP.

Donald Trump, Third Debate

One of the great things about debating political points today is that anyone who actually knows what’s going on has no idea where to start. Trump was referring to the real (inflation adjusted) growth in Gross Domestic Product (GDP), which was lagging at the start of the year. But with a new number for the third quarter of 2016 showing a net 3.2% growth you have to wonder – What is this guy talking about?

The short version is that it bounces around all over the place. The long answer takes a lot of graphs. Welcome to Barataria, land of the long answer. Prepare for some hand waving.

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