Comments by "gerhard7" (@gerhard7323) on "Why The UK economy is in Recession but US is Booming" video.

@patdbean They can't help themselves. It'll always get shoehorned in there somewhere. They would counter that if it hadn't been for Brexit everything would have been SO much better for the UK now. Utter cobblers, but they'll keep banging that drum I'm afraid.
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 @zuzanazuscinova5209 Yes it is. Primarily thanks to the war in Ukraine and the ending of cheap Russian energy supplies.....
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@fairybuddy-angel2035 So you're using a counterfactual and claiming it as if it were fact yes? Where precisely do you get the 4-5% of GDP figure from? Neither Germany nor France left the EU so what do you attribute their current malaise to? Italy hasn't seen any overall real terms growth since 2000, but presumably that has nothing to do with the EU and everything to do with something else?
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@fairybuddy-angel2035 You, along with others, are attempting to imply that if Brexit hadn't happened then the UK would automatically be in either a better or far less worse place. As I said, other comparable members have not left the EU and yet they are, arguably, in a worse place economically. Perhaps you'd like to answer my question as to where you got your 4-5% figure from?
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This post likely won't even get seen as either the poster or YT are inclined to remove my comments, but I'm going to say it anyway. The US is currently running an 8% of GDP budget deficit ie it's spending more than it takes in - the UK's is running at around 5% and Germany's is lower - and its national debt just passed the $34trn mark ie well in excess of 100% of its GDP. The interest payments on that alone are huge. The US economy, heavily fuelled by consumer demand, is running on steroids in no small part thanks to Biden's bizarrely titled 2022 Inflation Reduction Act whilst previously healthy post covid household savings are now heavily depleted and at record lows. A US household savings rate of 3.7% versus around 5% in the UK and 20% in Germany. Basically the Biden administration has taken an admittedly well-timed in the electoral cycle massive sh*t or bust gamble on 'green' growth with a huge government economic stimulus which if it founders could prove extremely'problematic' for the 'next' POTUS. Meanwhile, layoffs abound in the tech sector and yet job figures continue to confound and astound each and every month it seems. All I can say is something smells a little weird here.
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There's a real disconnect here isn't there which I'm still trying to get to the bottom of. I get that the IRA 22 has essentially offered a massive cash injection into the US economy but something doesn't smell quite right to me about America's boom and if all is SO rosy there why is Biden so unpopular in 2024 and Trump on the ascendency?
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Previous comment deleted. By poster or YT I wonder?
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@mharley3791 Define 'most'. According to a recent Gallup survey.... 'The largest share of Americans, 45%, rate current economic conditions in the country as poor, while just over one-quarter describe conditions as excellent (5%) or good (22%) and another 29% believe they are only fair. In December, 22% of U.S. adults rated the economy as excellent or good.'
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@Dave05J It's no less accurate I would argue than some random on YouTube claiming in a comment that 'most Americans' think everything is hunkydory with the US economy.
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@Dave05J This is where you point me to data which you think suggests otherwise....
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@chickenfishhybrid44 If it is solely a relative few malcontents posting online, presumably Biden should be rewarded for his 'rising tide' economy come November then regardless.
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