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vientomas
Joined: 25 Apr 2000
Posts: 2343
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 Posted: Sat Oct 31, 2020 10:07 am Post subject: |
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Exacty what did Trump do that effected the GDP Maddy?
BTW:
America just posted its biggest annualized and single-quarter GDP growth of all time. It isn't that impressive.
The U.S. GDP jumped at a 33.1 percent annualized rate in the third quarter, a growth of 7.4 percent from Q2, Commerce Department records released Thursday reveal. But as Gregory Daco, the chief U.S. economist at Oxford Economics, put it in a tweet, that growth is both "record-breaking and meaningless at the same time."
It's true that the 7.4 percent GDP rise from Q2 to Q3 is a record. But it also comes after a record contraction from Q1 to Q2, and a total loss of 10.3 percent throughout 2020, so it doesn't even come close to making up what was lost amid the pandemic. In fact, the 3.5 percent total GDP shrinkage during 2020 "means we are still down almost as much as we were during the height of the Great Recession," tweets Diane Swonk, chief economist at Grant Thornton.
https://news.yahoo.com/record-breaking-gdp-growth-leaves-152735900.html |
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mat-ty
Joined: 07 Jul 2007
Posts: 7850
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| Posted: Sat Oct 31, 2020 12:14 pm Post subject: |
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| boggsman1 wrote: | | That's funny Matty. The 2nd quarter was the worse of all time, so the FED adds $13 Trillion, that's right ...to the economy. And, we get a snap back. If you want to thank anybody, thank Silicon Valley , which made it possible for the COVID economy to snap back. Or just go and check the NASDAQ. |
If we followed the DARK WINTER mentality of dummyrats that second quater pandemic dive would still by diving. That's a fact!!!!! |
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swchandler
Joined: 08 Nov 1993
Posts: 10588
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| Posted: Sat Oct 31, 2020 4:34 pm Post subject: |
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| mat-ty, I think that the GDP grew despite Donald Trump and his antics. It has to be said that thoughtful folks aren't fooled into thinking that Trump played a credible part in masterminding and directing our economy in any way. |
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boggsman1
Joined: 24 Jun 2002
Posts: 9120
Location: at a computer
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| Posted: Sat Oct 31, 2020 7:09 pm Post subject: |
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| Matty , check Webster’s for the word fact . Here’s an example : The Tampa Bay Bucs have a better record than the Patriots . Or it’s 75 degrees at my house right now.. You speculating is not a fact .. Let’s get that straight .. If you want to give anyone credit it’s Jay Powell .. The FED is the lender of last resort and saved us again .. That’s twice in 12 years , we’ve been bailed out. |
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mac
Joined: 07 Mar 1999
Posts: 17747
Location: Berkeley, California
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| Posted: Sun Nov 01, 2020 7:40 pm Post subject: |
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| Trump rallies linked to 30,000 cases, 700 deaths. Trump’s killing his followers, not just miscellaneous folks. |
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mac
Joined: 07 Mar 1999
Posts: 17747
Location: Berkeley, California
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| Posted: Mon Nov 02, 2020 11:48 am Post subject: |
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Stealing whatever he can:
| Quote: |
https://apnews.com/article/technology-virus-outbreak-south-carolina-only-on-ap-72c13796656246450b0d158a03a86970
Click to copy
RELATED TOPICS
Technology
Virus Outbreak
South Carolina
Only on AP
Trump admin. funds plasma company based in owner’s condo
By RICHARD LARDNER and JASON DEAREN
yesterday
This photo shows the outside of a Charleston, S.C., condominium belonging to Eugene Zurlo on Monday, Oct. 19, 2020. The Trump administration recently gave the longtime Republican political donor seed money to test a possible COVID-19-fighting blood plasma technology, noting Zurlo's "manufacturing facilities" in Charleston. An AP investigation found no manufacturing facilities. The company operates out of Zurlo's condo. He and his partners may now be in line for as much as $65 million in taxpayer money. (AP Photo/Meg Kinnard)
WASHINGTON (AP) — An obscure South Carolina company may be in line for millions of dollars in U.S. government funding to produce a coronavirus treatment after a former Republican senator with a financial stake in the business lobbied senior U.S. government officials.
Plasma Technologies LLC, has received seed money to test a possible COVID-19-fighting blood plasma technology. But as much as $65 million more could be on the way, a windfall for the company that operates out of the founder’s luxury condo, according to internal government records and other documents obtained by The Associated Press.
The story of how a tiny business, which exists only on paper, has managed to snare so much top-level attention is emblematic of the Trump administration’s frenetic response to the coronavirus pandemic.
And it’s another in a series of contracts awarded despite concerns over their proposals voiced by government scientists. The others include an $21 million study of the heartburn drug Pepcid as a COVID therapy, and more than a half-billion dollars to ApiJect Systems America, a startup with an unapproved medicine injection technology and no factory to manufacture the devices. In addition, a government whistleblower claimed that a $1.6 billion vaccine contract to Novavax Inc. was made over objections of scientific staff.
At the center of these deals is Dr. Robert Kadlec, a senior Trump appointee at the Department of the Health and Human Services, who backed the Pepcid, Novavax and ApiJect projects. Records obtained by the AP also describe Kadlec as a key supporter of Plasma Tech, owned by Eugene Zurlo, a former pharmaceutical industry executive and well-connected Republican donor. Three years ago, Zurlo brought Rick Santorum, who spent 12 years as a GOP senator from Pennsylvania, aboard as a part-owner.
Kadlec has come under pressure from the White House to act with more urgency and not be bound by lower-level science officials whom Trump has castigated as the “deep state” and accused of politically motivated delays in fielding COVID-19 vaccines and remedies.
The AP reached out to more than a dozen blood plasma industry leaders and medical experts. Few had heard of Zurlo’s company or its technology for turning human plasma into protein-rich antibody therapies, and would not comment.
Zurlo said in an email that the shortage of plasma from recovered COVID-19 patients, which is needed to make these therapies, underlines the need for the technology he’s patented to harvest as many of these proteins as possible.
In early April, shortly after Congress supplied hundreds of billions of dollars to combat the pandemic, Santorum stepped up his sales pitch for Plasma Technologies and the process the company has described as “disruptive and transformative,” according to the records.
In mid-August, the federal government awarded Plasma Technologies a $750,000 grant to demonstrate that it could deliver on its promises.
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An then there is this:
| Quote: | The 5G rollout has been inundated with all sorts of controversies. Think about the 5G conspiracy theories, the misleading commercial content around it, and of course, now it's being used as a bartering chip in politics, according to CNN. The news network reports that the White House is particularly interested in putting pressure on the Department of Defense to hand Rivada Networks a highly expensive 5G spectrum.
To give you an idea of just how pricey the auction is, a 70 megahertz of spectrum was sold for $4.5 billion. This specific megahertz spectrum, at 350, is priced at billions higher than that. Naturally, there's a lot of cash involved. According to CNN, Donald Trump is pushing the Pentagon to give Rivada this band contract at little to no cost.
There's reason for apprehension. Rivada has connections with major Republican investors and supporters, and it could potentially boost the commercial use of 5G for people like Karl Rove, Newt Gingrich, and Peter Thiel who is buddies with the president. If this particular "request for proposal" (RFP) goes through, these investors will have a chance to use the spectrum for their own gains without ever truly paying the full price. A senior administration official told CNN that if the bid goes through, it could be "the biggest handoff of economic power to a single entity in history."
TRUMP SHOULD EXPECT BACKLASH — Despite being surrounded by his yes-men, Trump is going to have to deal with a considerable amount of backlash from entities like the Energy and Commerce Committee. The House Energy and Commerce has already probed the issue and addressed the National Telecommunications and Information Administration, saying that "Republican operatives are working for the benefit of a specific company, Rivada, which has long championed a national network that Rivada would construct and operate using its sharing technology."
In response to the report and the accusations that the president is seeking to subvert a legal bidding process, the White House has denied any nefarious agenda. To answer the concerns of its critics, Trump's administration will have to prove that it has no ulterior motive for speeding up the Rivada RFP.
That inquiry is already in action. The House Committee on Energy and Commerce has already called on the Government Accountability Office to assess if the Defense department even has the power to hand the 5G spectrum to a private entity. The most probable answer is that it doesn't. |
https://www.inputmag.com/culture/trump-wants-to-give-a-republican-supported-company-5g-spectrum-for-free |
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mat-ty
Joined: 07 Jul 2007
Posts: 7850
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| Posted: Mon Nov 02, 2020 10:34 pm Post subject: |
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| boggsman1 wrote: | | Matty , check Webster’s for the word fact . Here’s an example : The Tampa Bay Bucs have a better record than the Patriots . Or it’s 75 degrees at my house right now.. You speculating is not a fact .. Let’s get that straight .. If you want to give anyone credit it’s Jay Powell .. The FED is the lender of last resort and saved us again .. That’s twice in 12 years , we’ve been bailed out. |
Trumps leadership and get back to normal mentality has been the driving force behind the record recovery we are experincing....Lockdown dems would have us in a deep deppression....Just look at NYC nitwit......fucking ghost town thanks to moronic liberal leadership.... |
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vientomas
Joined: 25 Apr 2000
Posts: 2343
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| Posted: Mon Nov 02, 2020 11:16 pm Post subject: |
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| mat-ty wrote: | | boggsman1 wrote: | | Matty , check Webster’s for the word fact . Here’s an example : The Tampa Bay Bucs have a better record than the Patriots . Or it’s 75 degrees at my house right now.. You speculating is not a fact .. Let’s get that straight .. If you want to give anyone credit it’s Jay Powell .. The FED is the lender of last resort and saved us again .. That’s twice in 12 years , we’ve been bailed out. |
Trumps leadership and get back to normal mentality has been the driving force behind the record recovery we are experincing....Lockdown dems would have us in a deep deppression....Just look at NYC nitwit......fucking ghost town thanks to moronic liberal leadership.... |
Again dipshit, for the second time, what exactly did Trump do? You got nuttin'!!  |
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boggsman1
Joined: 24 Jun 2002
Posts: 9120
Location: at a computer
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| Posted: Tue Nov 03, 2020 9:10 am Post subject: |
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| mat-ty wrote: | | boggsman1 wrote: | | Matty , check Webster’s for the word fact . Here’s an example : The Tampa Bay Bucs have a better record than the Patriots . Or it’s 75 degrees at my house right now.. You speculating is not a fact .. Let’s get that straight .. If you want to give anyone credit it’s Jay Powell .. The FED is the lender of last resort and saved us again .. That’s twice in 12 years , we’ve been bailed out. |
Trumps leadership and get back to normal mentality has been the driving force behind the record recovery we are experincing....Lockdown dems would have us in a deep deppression....Just look at NYC nitwit......fucking ghost town thanks to moronic liberal leadership.... |
Not True.. Its all about the Fed /Congress and the technology that has enabled the US to operate remotely . $13Trillion dollars of stimulus. |
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boggsman1
Joined: 24 Jun 2002
Posts: 9120
Location: at a computer
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| Posted: Tue Nov 03, 2020 9:11 am Post subject: |
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| vientomas wrote: | | mat-ty wrote: | | boggsman1 wrote: | | Matty , check Webster’s for the word fact . Here’s an example : The Tampa Bay Bucs have a better record than the Patriots . Or it’s 75 degrees at my house right now.. You speculating is not a fact .. Let’s get that straight .. If you want to give anyone credit it’s Jay Powell .. The FED is the lender of last resort and saved us again .. That’s twice in 12 years , we’ve been bailed out. |
Trumps leadership and get back to normal mentality has been the driving force behind the record recovery we are experincing....Lockdown dems would have us in a deep deppression....Just look at NYC nitwit......fucking ghost town thanks to moronic liberal leadership.... |
Again dipshit, for the second time, what exactly did Trump do? You got nuttin'!! |
Of course he deployed the "back to normal" mentality... |
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