#gdp

Republicans are just making up the GDP data.

1984 is here.

Update:

Donald Trump is already failing the implicit geography test that is taking office as the President of the United States.

Just hours after being sworn in Monday, a reporter asked Trump about his demand that NATO member states spend at least 5% of their GDP on defense, citing Spain’s defense spending level. The president responded completely incorrectly.

“Spain is very low. And yet, are they a BRICS nation?” Trump asked.

“What?” the reporter replied.

“They’re a BRICS nation, Spain. You know what a BRICS nation is? You’ll figure it out,” Trump said, managing to be both snide and wrong.

“But uh, and if the BRICS nations want to do that, that’s OK, but we’re gonna put at least 100% tariff on the business they do with the United States,” Trump said.

The ‘S’ in BRICS does not stand for Spain at all.

The countries in BRICS are Brazil, Russia, India, China, and South Africa, and new member states Egypt, Ethiopia, Indonesia, UAE, and Iran. No state in the entire European Union is a member of BRICS. Here’s hoping that the president of the United States will eventually “figure it out.”

Mehdi Hasan, the editor-and-chief of Zeteo News, shared a video of Trump’s gaffe on X late Monday, writing, “We need to talk about the president’s age and memory and mental health.”

(Source)

Canada may have the ability to substantially raise its GDP and add thousands of new jobs by building more oil pipeline infrastructure, a new study suggests. According to the report from ATB Financial, Canada could increase its total oil production by 1.5 million barrels per day — an increase of one third — and generate an average $31.4 billion to Canada’s GDP every year for the next decade. Doing this could increase Canada’s GDP by 1.1 per cent every year. In 2025, GDP averaged 1.7 per cent overall, and after the two previous years each grew by about two per cent. The ATB research report, titled, “The GDP Payoff of Additional Pipeline Capacity,” was released Wednesday in collaboration with Studio.Energy, a Calgary-based energy research and analytics company.

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