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In reply to the discussion: Trump, GOP Soften On Opposition To $600 Jobless Benefit [View all]progree
(10,864 posts)26. This YouTube blabbermouth showed only a few seconds of clips
so I don't know what Fox or CNN said in the next breath.
In #12, I said that the media often misstates it in the headlines, but often make clear that it is an ANNUALIZED RATE in the first or 2nd line of the article. I also pointed you to posts and graphs that show that the 32.9% is an ANNUALIZED RATE -- Posts OP, #1, graphs: #22, #24 (https://www.democraticunderground.com/10142549435).
The graph in the OP at the above link is from the bea.gov, the Bureau of Economic Analysis, that is the producer of the GDP report. Notice below the graph at the right side it says "Seasonally adjusted at annual rates"
Here is from the bea.gov's news release, https://www.bea.gov/data/gdp/gross-domestic-product
Real gross domestic product (GDP) decreased at an annual rate of 32.9 percent in the second quarter of 2020, according to the advance estimate released by the Bureau of Economic Analysis.
That settles the matter. As far as what the BEA's report says, it does not matter in the slightest, nor does it matter in the least, how some media outlet or YouTube pundit reports it. It only matters what the Bureau of Economic Analysis, the producers of the report, says.
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The 600 while nice is unsustainable to be honest plus it's likely to anger and alienate a number of
cstanleytech
Aug 2020
#4
There's a slight bending of the curve: daily new cases, 7 day moving average: down 11.8%
progree
Aug 2020
#38
"Opening up any more will reverse that small downward trend immediately" - For sure /nt
progree
Aug 2020
#40
The economy did not contract 33% last quarter. It contracted at a 33% annual rate
progree
Aug 2020
#12
I just prefer that here we not mislead our fellow progressives. And the truth is bad enough
progree
Aug 2020
#21
Here's a piece with clips from CNN and FOX confirming 32% drop in the second quarter
bucolic_frolic
Aug 2020
#24
A 4 second video clip from Fox and CNN doesn't confirm diddly squat. They are not the producers
progree
Aug 2020
#27
spot polling is probably an impact. The public will squarely hold GOP and trump accountable
beachbumbob
Aug 2020
#8