Rep. Don Beyer

@RepDonBeyer ↗

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Last Checked Sept. 15, 2021

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Wed Oct 28 21:32:27 +0000 2020

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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

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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

Economic growth is something all of us want to see – but we must be honest about what it means, and what problems remain. Q3 has already ended. If you didn't see the benefits of growth, you aren't alone: the distribution has been wildly uneven. 6/ https://t.co/Qo0XgD5cQq — PolitiTweet.org

Finally, it's K-shaped recovery and we've long been aware that in a highly unequal economy whose inequities were la… https://t.co/pzM4KvhKcU

Posted Oct. 28, 2020 Hibernated