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18 results for “gdp reduction”
Product3 mentions across episodes
GDP
...GDP is nonproductive government spending? How about we do one thing? Yeah. GDP. D means domestic, P is product, domestic production. It's not consumption. Right. If I go out and buy a Toyota. Right. Right? That's not GDP. Right? If I buy a Chevy that
44:59 / 46:03
from transcript44:59 – 46:03
...GDP is gonna grow. We don't know the economic benefit and effects of AI. We don't know the economic benefits and effects of the work that's being done to deregulate. Another key point, which is not talked about by Navarro or anywhere else, there's a
1:09:37 / 1:10:46
from transcript1:09:37 – 1:10:46
...4% GDP growth. I said it in the first quarter. Yeah. And 4.3. Now, the fourth quarter is gonna be, a mess because of the shutdown. Seriously, this is accounting in America. If someone works for the government, they count them as GDP. And you would sa
1:04:28 / 1:05:31
from transcript1:04:28 – 1:05:31
...declined. But you'd say, but what really happened? No. Our expenses went down. This is so important, by the way, because people talk about a recession, and a lot of people create a lot of red lights and alarm bells about we're gonna go into a recessi
45:43 / 46:45
from transcript45:43 – 46:45
...so GDP growth is a function of the number of people working times productivity. It's very simple. Economists wanna make it more complex than that, but it's the number of people working times productivity. If you go if productivity goes up to five, si
1:17:57 / 1:19:03
from transcript1:17:57 – 1:19:03
...now, it's turned down pretty significantly. And a lot of people, Kevin Hassett and others, have pointed out kind of the one time issues that are impacting this around net exports. But let's just suffice it to say, that that that's going down. And the
5:59 / 7:01
from transcript5:59 – 7:01
So if you're taking money out of the economy in the case of tariffs, you're putting money into the government's coffers. You're reducing people spending because everything costs more now, so consumers will spend less. So what you wanna do is you wann
37:27 / 38:34
from transcript37:27 – 38:34
...GDP print, and then maybe you could get into the granular details of that print. If you pull up the schedule of data, so this is the national income and product accounts data from the Bureau of Economic Analysis. So this is where the inflation print
1:08:15 / 1:09:16
from transcript1:08:15 – 1:09:16
...GDP growth, right, and how to get us to a debt to GDP ratio of 3%. You can't just cut $2,000,000,000,000 in a single year. That would be an 800 basis point headwind to GDP. It would throw us into a a recession, if not depression like like state, beca
48:42 / 49:52
from transcript48:42 – 49:52
...GDP expansion, and moderating inflation. So why does the Fed not cut? Because at this point, not cutting is the only thing that you can do to slow the Trump administration down going into the midterms if you wanted to politicize the job. If, however,
1:05:06 / 1:06:19
from transcript1:05:06 – 1:06:19
...GDP. If trend line has been 1.8, if you can move the growth to three or above Right. Then you really change their trajectory. And if you can, keep expenses flat or do the unthinkable and cut expenses, then you can really So this is important. So sorr
29:10 / 30:17
from transcript29:10 – 30:17
...be on GDP. Here's what the effect would be on inflation. Here's what the effect is going to be on, employment. In fact, folks like Glutnick are making the case that the current measure of GDP is probably not even correct. The way we measure it, the w
1:04:52 / 1:06:24
from transcript1:04:52 – 1:06:24
...cut in the budget deficit, so that's what I'm talking about. Going from a 4%, you know, let's say seven, seven and a half down to three is a four or 5% cut, as percentage of GDP. That happened from 1992 to 1998 and can be done.
45:00 / 46:02
from transcript45:00 – 46:02
...So so GDP growth is a function of the number of people working times productivity. It's very simple. Economists wanna make it more complex than that, but it's the number of people working times productivity. If you go if productivity goes up to five,
1:18:37 / 1:19:46
from transcript1:18:37 – 1:19:46
...2.4 inflation. So we've actually got a little bit of room to run on inflation, and GDP growth this year of 1.4%. So will the tax cuts in this bill increase GDP growth? Will AI increase GDP growth? The jury is out. Will the tariff revenue reduce the d
37:19 / 38:40
from transcript37:19 – 38:40
...of GDP to represent people exchanging money for goods and services. People, like, basically, exchanging their labor for goods exchanging the value of their labor for goods and services. That's at a fundamental level, that's what GDP is. We're envisio
19:31 / 20:31
from transcript19:31 – 20:31
...about GDP is people don't realize what we do is we use the census. So there's business census calling around to companies, and it's not really calling around anymore, it's more economic connection to companies through APIs and otherwise, and one of t
10:29 / 11:36
from transcript10:29 – 11:36
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