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Quarterly Federal Spending is off the chart ...

Discussion in 'GatorNana's Too Hot for Swamp Gas' started by WarDamnGator, Sep 27, 2020.

  1. gator95

    gator95 GC Hall of Fame

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    Coronavirus: Sweden's economy hit less hard by pandemic

    Sweden faired better than their EU counterparts. Fact are the facts. They didn’t shut down. Some people stayed home. Others didn’t and it helped their economy.
     
  2. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Sweet, they beat the average by the 3%, and all they had to give up was letting elderly people die without even trying to help them....
     
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  3. gator95

    gator95 GC Hall of Fame

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    Very disingenuous. They beat the EU by over 35%. I guess that’s nothing in your book.

    Better than the US and very similar results death rate wise. I’d take their plan over the US plan all day.
     
  4. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Your own link says Sweden was -8.6% and the EU was -11.9%, so I’m going to say you are wrong, because of math.
     
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  5. leftcoastgator

    leftcoastgator Ambivalent Zealot Premium Member

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    Several comparisons with Italy on here. Italy got the virus very early before there were established treatments, and has an older population. Italy has the second oldest population in the world, with 22.8% over 65, compared to 16% for US. Median age is 45.5 years versus 38.1 for USA.

    Deaths per million population:
    Italy. 593 per 1m
    USA. 631 per 1m

    What’s our excuse again?
     
  6. gator95

    gator95 GC Hall of Fame

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    Hmmm, let’s see if we can figure this out. Sweden was down 8.6, EU down 11.9. 11.9-8.6 is 3.3. So, using math, then Sweden performed 38% better than the EU. Do we need to go over the math again? We will just for you. Let’s use Sweden’s economy being down 8.6 and then went down 38% more. What would that be to you ask? To the EU’s 11.9% decline. We good on the math?
     
  7. WarDamnGator

    WarDamnGator GC Hall of Fame

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    LOL. That is stupid. GDP already is a percent. You are taking a percentage of a percent to exaggerate the comparison. You have no idea how this stuff works.

    Example.... if GDP goes from 1% to 2%, then how much is GPD up from the previous read? The answer is 2%, not 100%...
     
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  8. leftcoastgator

    leftcoastgator Ambivalent Zealot Premium Member

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    The most relevant benchmark isn’t the EU, but the Nordic countries with similar populations and economies.

    “Sweden's GDP fell more than its Nordic neighbours in the second quarter of 2020, dealing another blow to its lockdown-free coronavirus strategy.

    Sweden's official statistics agency said that Sweden's GDP fell by 8.6% in Q2.

    In comparison, Finland's statistics body said that its Q2 GDP was down 3.2%, and Denmark's said GDP there was down 7.4%.

    Norway's GDP also appears to have fallen less than Sweden's, though its measurements are out of sync with other nations. Its GDP fell 7.1% from March to May, a timeframe one month earlier.

     
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  9. gator95

    gator95 GC Hall of Fame

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    Measurements out of sinc don’t raise a red flag? Lol. Sweden in the the EU. Comparing them to the EU is like comparing Florida to the rest of the SEC. you don’t compare Florida to the PAC12.
     
  10. leftcoastgator

    leftcoastgator Ambivalent Zealot Premium Member

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    That’s exactly what you are doing. Comparing Sweden to the EU overall when the better comparison is their geographic and cultural neighbors.
     
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  11. G8R92

    G8R92 GC Hall of Fame

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    Good thing the Senate killed that $3T bill the House passed last May.
     
  12. gator95

    gator95 GC Hall of Fame

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    Is Sweden in the EU? Defense rests
     
  13. leftcoastgator

    leftcoastgator Ambivalent Zealot Premium Member

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    So are Denmark and Finland.
     
  14. gator95

    gator95 GC Hall of Fame

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    Thanks. Didn’t know that...

    What does that have to do with comparing them to the major union they are part of? All countries in the EU will be compared to the other countries in the EU. That’s how it works.
     
  15. leftcoastgator

    leftcoastgator Ambivalent Zealot Premium Member

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    Sure. Compare them. Go ahead.

    But the BETTER comparison, and one the Nordic and Scandinavian countries use regularly, is comparisons with the other Nordic/Scandinavian countries.
     
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  16. l_boy

    l_boy GC Legend

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    Just a clarification. I'm pretty sure 9 trillion is the annualized rate. Normal fed spending is between 4-5 trillion per year. The entire US economy is around $25 trillion per year.

    Nonetheless the point remains the same. We have literally doubled spending.
     
  17. gators81

    gators81 Premium Member

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    What’s a better comparison culturally? Georgia to South Carolina and Alabama? Or Georgia to Missouri and Texas?
     
  18. gator95

    gator95 GC Hall of Fame

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    Georgia to the SEC. much easier. Thanks
     
  19. philnotfil

    philnotfil GC Hall of Fame

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    We are a lot better at treating it now, 2 million is off the table, I don't think it can get past 700,000 even if we open up. That's too many dead Americans for me, I would prefer we take it seriously like the rest of the developed world has.
     
  20. philnotfil

    philnotfil GC Hall of Fame

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    UF and the PAC-12 are both in the US, why wouldn't we compare them?
     
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