Just the Facts About the US Economy

Learn the facts about the US economy: in this episode of Just the Facts, Steve Ballmer breaks down national measures like GDP and inflation, and also takes you through data with personal impact, like wages and housing prices. #economy #economics #inflation #housing

[loud]

Thanks Steve for your time and effort here. The overall data speaks for itself. We are so grateful and fortunate to be Americans.

[JordanTheJet]

Very straight forward and informative! Thank you for making these

[johnleddy]

Would love to see this done for other countries as well. We need more transparency in government spending, and funding, across the board.

[AzaBC]

First... Personally appreciate unbiased digestible facts, thank you! I didn't see a $8, 250 wage increase relative to my income... Does a break down of wage increase by pay bracket reveal a widening gap between lower income and high income earners? If so, the policies are not benefiting the majority. Here's a data point.. I just paid $10 + tax for dozen eggs (WA), that's just plain wrong, the kind of thing that drives people to pitchforks.

[mrvlsmrv]

This needed to have more views before the election.

[MundaneCarnivore]

I think that this channel is in an excellent position to highlight the effects of tariffs. This is a definite relevant subject especially with the incoming Trump administration. It would be fascinating for you to demonstrate how these numbers will affect the American population from a historical perspective, just the facts

[laurasrockwell]

Very helpful and unbiased. Thanks for consolidating all this information.

[bretolpp]

Mr Ballmer's facts are fair and balanced...with proof! Thanks for the effort.

[brucekivi]

A good video but broad statistical views of the economy are hard to relate to a person’s individual situation. Still, it’s impossible to address every possible situation in people’s lives. Good work overall. I appreciate your efforts.

[kaikiefer]

Seems informative. There are some liberties on how things are divided like 20% across 100% divided across lower to top class. But then they talk about top 1%… they also talk about racial incomes without talking about kids, immigration status, or marital status. All of which generally factor into median income.

[carmanabrahamson]

Great video. What are your thoughts on: who puts the printed money into the economy and why and at what rate, how borrowing, how crypto currency, how foreign currency, foreign products effect the economy?

[chrisocony]

Yes, what he said at the end. The American economy is astounding, and continues to amaze.

[BrianJoseph-gf]

I love his videos, but the background music/noise is so loud that I find it hard to hear the words Steve is saying.

[ihor]

Could you elaborate on "freedom" ?

[austingreen]

8 million views and 4 comments? Seems legit lol.

[ginamurray]

It’s more informative to talk about income in the context of family wealth by ethnicity.

[michaelesq.atpcfii.]

Most of the jobs are in low pay service sector. Bottom line the quality of economic life in this country is dramatically reduced over the years.

[Mainbusfail]

When you're right about the information provided. No need to have a ton of discussing it

[sergiochantayon]

WHY THE USA IS FAILING
Real progress of a society depends on the quality of its people, resulting from a good education. In the past decades we have witnessed a corruption of this process. The nuclear family is broken, and its values are not passed on to new generations; values are now external to the family, and external to the individual. We have seen several examples of people who have become noticeably wealthy with deficient education [school dropouts, mediocre artists, mediocre politicians, traders, influencers, etc.] in a way that the population now expects easy money. To make things worse, academia has seen fraud scandals, and is contaminated with the woke movement.

If we measure the worth of a person by the money he or she has or gets, then theft, scams, inflation, disasters, etc. can affect it greatly. The value of a quality person is not defined by money, and reveals its resilience despite adversity.

So, what kind of value do we want our country to pursue?

As of now, the focus is on money and away from quality people; that is why the country is divided. Wealth is a result, and therefore our actions are putting the carriage in front of the horses.

Good results cannot be immediate, but if we do not focus correctly, they will never come and the decline will continue.

[stephtraveler]

nice try at a very complex problem. But, no one gassing up their car and buying groceries today will tell you the economy is fine. NO ONE.
The issue you have is your data sources. As you said, you use government posted data... that's your problem. In 2008 Obama changed the way GDP was measured so that it looked better. Also, the job creation needs to be private sector only. Including government jobs falsely inflates the numbers. Its the same as a parent hiring their kids and saying they increased their income....
Issues with your source data.