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by dragonwriter 2858 days ago
> This narrative about GDP not really being a great indicator of anything coincides very conveniently with the reported GDP numbers that were previously touted as impossible by "experts".

The narrative about GDP not really being a great indicator has been a constant refrain on the left since the statistics about stagnant wages even in the strong expansions periods of the 1980s became something of wide note by the early 1990s, and have been particularly strenuous since the poor distributional measures in the expansion after the 2001 recession (which has been repeated in subsequent expansions.)

> I am quite confident that record (low) unemployment and GDP numbers like this under a Democratic President would not be framed in this manner.

The better quarterly GDP growth rate numbers in the 2011 and 2014 peaks under Obama were, in fact, frequently framed this way (by the left), whereas the right dismissed the consistently declining unemployment rate through the whole Obama administration (while the left acknowledged it was real while minimizing it by arguing that declining unemployment wasn't sufficient to be happy about if it didn't drive broadening distribution of economic gains.)

Of course, if you think there is major left-wing media—especially economic left—in the US (and particularly if you think NPR is part of it, then your bigger problem is mistaking the dominant, neoliberal corporate-capitalist wing of the Democratic Party with the left.