11/30/23: Q-Anon Shaman on the show, GDP blowout at 5.2% growth
The David Pakman Show
David Pakman
4.8 β’ 6.2K Ratings
ποΈ 30 November 2023
β±οΈ 72 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
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| 0:00.0 | And the We have new GDP numbers in the United States from the third quarter. |
| 0:20.0 | The numbers are extraordinary. |
| 0:21.7 | 5.2% annualized growth from Q3. |
| 0:25.0 | These are numbers that it must be somehow terrible for Joe Biden. |
| 0:30.0 | I'm sure Republicans will figure out a way to explain to us why these excellent GDP growth |
| 0:35.4 | numbers are terrible for Joe Biden, but I don't really know what the case to be made is yet. |
| 0:42.3 | Here is a report from |
| 0:43.2 | CNBC. US GDP grew at a 5.2% rate in the third quarter |
| 0:49.5 | even stronger than first indicated. GDP is, as we've discussed before, a measure of all |
| 0:56.3 | goods and services produced during the three month period, it accelerated at a 5.2 |
| 1:01.7 | percent annualized pace. This topped the initial 4.9% reading and is better than the 5% |
| 1:10.1 | forecast from economists polled by Dow Jones. What was the oranges of this? Well, the upward |
| 1:18.0 | revision came from increases in non-residential fixed investment that includes structures, equipment, and |
| 1:26.4 | intellectual property where there was a 1.3% increase after decreasing at previous times. |
| 1:35.0 | Consumer spending saw a downward revision, so it's not all perfect news. |
| 1:40.0 | Rising 3.6% compared to a 4% estimate, still a 3.6% compared to a 4% estimate. |
| 1:44.0 | Still a 3.6% increase in consumer spending is considered very good. |
| 1:48.1 | Now let me do a good disclaimer here |
| 1:51.8 | because if I don't do it people will write to me and they'll say |
| 1:54.4 | David when you're reporting on these numbers you're ignoring the plight of the |
| 1:58.6 | middle class you're ignoring that 40% of Americans would have to go into debt to meet an unexpected expense of a few hundred or a thousand dollars. |
| 2:07.0 | You're ignoring wage stagnation. I'm not ignoring it. |
... |
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