Headline Number

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Tuesday October 27, 2020 · 1:31 PM PDT

2020/10/27 · 13:31

On Thursday Donald Trump will be crowing about what is projected to be the “greatest rise” in GDP in history. With the economy opening, albeit slowly, there is indeed some growth. The calculation of the headline number, change from the previous quarter at an annualized rate, will be the basis for Trump loudly claiming that he has turned the economy around.

This statistical quirk is the result of the dismal drop in GDP during the second quarter. Trump will of course ignore the previous number and focus exclusively on the positive. As with many government economic indicators, there are a number of calculations for GDP. Very relevant to understanding where the county is during the recovery is the percent change from the quarter a year ago. That GDP number will be drastically different from the quarter-to-quarter GDP.

With the strong early voting, it is probable that a good number of the remaining voters only follow politics on a casual basis. They will hear Trump proclaim that he is the one fixing the economy. Every democratic candidate needs to be aware of the pending “great” headline number for Trump and must prepare to give a perspective to Trump’s claim. Democrats must expand the focus to the need to address continuing unemployment, healthcare issues and millions of people sliding into poverty. Trump has neither an interest in nor a real plan for fixing any of those economic concerns. Democrats must explain that in the big picture, the Build Back Better plan offers a realistic long term future for both the economy and the country.

We Have the Tools to Manage

tmmike

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Friday October 10, 2008 · 5:56 AM PDT

2008/10/10 · 05:56

In today's Wall Street Journal (http://online.wsj.com/article/SB122360251805321773.html#printMode) former Federal Reserve Board Chairman Paul Volker sets out his vision for the future of the American financial system. Having a track record of pulling the U.S. out of a previous recession, even at 81 years of age, Mr. Volker is perhaps the only person with enough stature in the world community to make a difference. Because fair usage would not convey a complete sense of his statement, please start by reading the text.

tmmike

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Sunday September 04, 2005 · 1:25 PM PDT

2005/09/04 · 13:25

I imagine that most members of this community have already busted this month's budget contributing to the first responders or local groups gearing up to help in Louisiana, Mississippi, or Alabama. If not, I would urge you to make that your priority.

Next, think about digging a bit deeper into you pocket and subscribing (extending your subscription) to the Daily KOS. If the rest of the community has spent as much time on these pages as I have over the past week, the bandwidth costs are probably exorbitant. If you have not yet made a commitment to support KOS, this is the time to show you value this site.

Finally, we need to start brain-storming over how we can channel the energies and resources of the many members who wish they could do more. Lives are in ruin and we need to get the discussion started (since the powers-that-be are still stalled in "pre-rescue" mode) on what can be done to provide permanent housing and employment for tens (hundreds?) of thousands of people.

"Patriotism is supporting your country (and countrymen) all the time and your government when it deserves it." -- Mark Twain

Video from Dennis Kucinich

tmmike

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Sunday October 31, 2004 · 5:05 PM PST

2004/10/31 · 17:05

A very eloquent GOTV video from Dennis Kucinich at:

http://kucinich.tv/video/kucinich/video/video/video_postcard/10_28_04/postcard_10_28_04_win_broadban d.wmv

If you know anyone who is still thinking "there is no difference between the candidates" - ask them to listen to Dennis.

TWO MORE DAYS!

Act Blue Broken?

tmmike

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Tuesday October 26, 2004 · 3:19 PM PDT

2004/10/26 · 15:19

I just tried to make contributions to Ginny Schrader (my answer to that mailer) and Richard Morrison (bring down the hammer!). After trying to process the contribution, a screen reported a problem with the credit card processor and stopped the process.

Is this an isolated problem or ???

RSS

Headline Number

We Have the Tools to Manage

Remember KOS Too!

Video from Dennis Kucinich

Act Blue Broken?