GDP gimmicks before elections

 

Brandon avoids 3 quarters of negative GDP growth with gimmickry

The economy went into a recession in the first quarter, and followed it with another negative print in the second quarter. To avoid an election year problem with this kind of negative information, Brandon went into denial on the public stage, and went into gear privately to avoid another negative print just before the election. How did Brandon do it?

He sold oil from the Strategic Petroleum Reserve. This is not what the SPR is for. It is for national emergencies, not political emergencies caused by bad public policy. When the Russians blocked oil and gas from Europe, Brandon arranged it so that the sales could be made with American produced gas. Meanwhile, he is blocking new production at home. The main point here is that these policies won't work long term. It is just good enough to get him past election day. The SPR will take imports to refill, and the blockage of oil and gas production will cause prices to go back up.

As the quote below shows, "trade" is what produced the positive GDP number. The rest of the ecomomy is still in the tank.

Weapons to Europe also bolstered the GDP number. Brandon has depleted US weapons inventories to defend Ukraine. It could be very costly to replace these stocks. Not to mention the weapons may be needed for OUR OWN USE. It is only to help Brandon in the election, not to help folks here at home.

These are short term gimmicks to improve the appearance of a failing economy. All of this is intended to help with the elections. Once the elections are over, there's nothing to be done until the next election. Here's the quote that summarizes the point---

Quote (from Zero Hedge):

"On the positive side net exports rose by 2.77% courtesy of a 1.63% increase in exports and a decline in imports which contributed another 1.14% to the GDP print. As noted above, this alone was enough to explain the entire gain in Q3 GDP, and is a function of US support of the European war economy as the US exports record amount of commodities (oil and gas) as well as weapons to Europe."

The most important right we've got is to throw the bums out. If the bums aren't held accountable, then we'll all be stuck with them. If the bums actually win, they may make it permanent. Imagine not being able to get rid of these bums. That's the choice we have. Either we keep our rights, or we lose them. Brandon and company do not care about anybody but themselves. But you've still got the right to say no. Use it or lose it.