Commentary
It's Not Just The GDP, Stupid
- by Joe Mandese @mp_joemandese, February 3, 2020
On the eve of the State of the Union Address, USA Facts has issued a report on the State of the Union that reflects some volatility in some fundamental areas including the population, the infrastructure, education, health, crime, defense, the U.S. standard of living -- and yes, the economy, too. …
Joe Mandese is the Editor in Chief of MediaPost. You can reach Joe at joe@mediapost.com.
It's not a coincidence that Steve Ballmer created this USA Facts pseudo fact checker in 2017. It's just as nonpartisan as all former appointees and career bureaucrats in DC.
40% are one paycheck away from bankruptcy and more are in deep trouble if a $500 bill shows up. The GDP or stockmarket does not reflect this. Most Americans cannot afford a $200,000 home, not even at $20/hr., let alone more expensive and it is "too expensive" for contractors to build homes, including row houses for less. Everyday, more people become homeless and the shitshower just wants to warehouse them. Yes, just throw them in empty warehouses; it's not a euphemism.