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progree

(10,864 posts)
26. This YouTube blabbermouth showed only a few seconds of clips
Sun Aug 2, 2020, 04:09 PM
Aug 2020

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.
. RandySF Aug 2020 #1
Cavey!!!!! BumRushDaShow Aug 2020 #3
Thank you Speaker Pelosi for fighting for families! onetexan Aug 2020 #2
The 600 while nice is unsustainable to be honest plus it's likely to anger and alienate a number of cstanleytech Aug 2020 #4
I think it should be up to $600 or a 100% of your lost salary Buckeyeblue Aug 2020 #14
Same workers who pay a shit load of taxes stop buying crap from Amazon... Bengus81 Aug 2020 #36
There is a deadly pandemic going on that's actually getting worse Withywindle Aug 2020 #37
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 Withywindle Aug 2020 #39
"Opening up any more will reverse that small downward trend immediately" - For sure /nt progree Aug 2020 #40
I hope the shield against lawsuits doesn't make it in. MrsCoffee Aug 2020 #5
+1 appalachiablue Aug 2020 #9
We shall see, looks like POTUS realizes the need for votes appalachiablue Aug 2020 #13
Too true. nt crickets Aug 2020 #17
While also squeezing the working citizens 2naSalit Aug 2020 #22
These bills are compromises of sharply differing views of everything bucolic_frolic Aug 2020 #6
The economy did not contract 33% last quarter. It contracted at a 33% annual rate progree Aug 2020 #12
You're right, but when arguing with a MAGAt, bring big lies /nt bucolic_frolic Aug 2020 #20
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
Oh, really? Because it wasn't reported that way on CNN and FOX bucolic_frolic Aug 2020 #25
This YouTube blabbermouth showed only a few seconds of clips progree Aug 2020 #26
Here is the text online version of CNN's report progree Aug 2020 #28
Here is the text online version from Fox News progree Aug 2020 #29
Thank You Speaker Pelosi, and stand your ground on it all, duforsure Aug 2020 #7
We do NOT negotiate with hostage-takers sure why not Aug 2020 #18
Where has Pelosi said she want $2,000 per month stimulus checks? Polybius Aug 2020 #30
spot polling is probably an impact. The public will squarely hold GOP and trump accountable beachbumbob Aug 2020 #8
The will change, but closer to the election in order to try and buy votes RazzleCat Aug 2020 #10
GOP have been sitting on the House's aid's package for 10 weeks ..... Iliyah Aug 2020 #11
I love the smell of right-wing desperation in the morning..... (nt) Paladin Aug 2020 #15
+1 2naSalit Aug 2020 #23
Will loan deferrals be extended in the new bill? Buckeyeblue Aug 2020 #16
Tramp and the GOP CAVED--again meow2u3 Aug 2020 #19
Any news on this today? Polybius Aug 2020 #31
What I found just now, long article. I'll check later if poss. appalachiablue Aug 2020 #32
Thank you so much! Polybius Aug 2020 #33
Maybe more succinct, but heavier GOP slant? Pelosi is The fighter!: appalachiablue Aug 2020 #34
Why should the Dems make a counter-offer? pfitz59 Aug 2020 #35
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