Dtknuckles
Well-Known Member
Citing the straight GDP isn’t helpful. California has long outpaced Texas GDP by a significant amount. That doesn’t mean a whole lot. Even a 2019-2020 comparison of gdp %growth wouldn’t be a true tell. You’d have to do a longer term comparison of trends in a multitude of data points to get an accurate picture. Things like population changes, per capita changes, business openings/closings, etc before you could really determine the economic effects of the lockdowns. It’ll be even more complex to isolate the effects on small business.
Until that type of complex analysis is done we’re all just going off of anecdotes, gut feelings and personal biases.
You are right percent change would be a better measure of gdp. And a more complex study should be done.
Be done where all states were included to show trends rather than two isolated, but initial comparison doesn’t suggest that government was the problem.