Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked Sept. 15, 2021

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Wed Oct 28 21:29:11 +0000 2020

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Rep. Don Beyer @RepDonBeyer

Most especially, you should be wary of the statistics. The US economy shrank at an annualized rate of 31.4% in the second quarter, but a gain of 32% DOES NOT mean we erased the loss – far from it. A simple bit of math from @JayCShambaugh explains why: 4/ https://t.co/rRRq8GVdnZ https://t.co/TZOlZAApdW — PolitiTweet.org

Posted Oct. 28, 2020 Hibernated

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Rep. Don Beyer @RepDonBeyer

Trump will focus on the sharp increase *without crucial context* in an attempt to mislead the country about his economic record. How do we know this? Because his campaign is already running ads about it on Facebook. Per @sahilkapur @SRuhle: 3/ https://t.co/SiLjGuAifK https://t.co/6hB2sPX2Sn — PolitiTweet.org

Posted Oct. 28, 2020 Hibernated

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Rep. Don Beyer @RepDonBeyer

The use of annualized figures confuses things a great deal, because many will see a figure like "30% growth" and think it means the economy expanded by one third in the quarter. It does NOT mean that. A good explanation here from @bencasselman 5/ https://t.co/QbeSWboRsw — PolitiTweet.org

I did a long thread on this back in July, so I won't repeat it all here. But the key point is that annual rates can… https://t.co/1MS4Bv4l74

Posted Oct. 28, 2020 Hibernated