U.S. Commerce Secretary Howard Lutnick:
"The UK grew by 0.1%, the EU by 0.4%, while Japan fell by 0.6%. But under Donald Trump, the U.S. economy grew by 4.3%!"
"What does this mean? It means that Americans - all of us - will earn 4.3% more on average. It's like we all got a raise. It's that simple."
He called this year's Christmas a "golden Christmas" for Americans.
The phenomenon of impressive U.S. GDP data but continued pressure on people's lives is essentially due to the combined factors of statistical methods, economic structure differences, and distribution imbalances, resulting in a "feeling temperature difference" - the benefits of economic growth have not been effectively converted into a sense of gain for ordinary people.
The main problems lie in
Expenditure method inflating the scale of the economy
High inflation pushing up nominal growth
Economic structure relying on "painful consumption"
Healthcare and education becoming burden-type GDP
The real estate (12%), finance (12.7%), and professional services (13%) sectors account for nearly 40% of GDP, but they are difficult to convert into national defense strength or people's livelihood benefits. For example, the cost of California's high-speed rail is 30 times that of China (3.2 billion RMB per kilometer), with cost bubbles driving up GDP.
These factors create bubbles in U.S. economic growth, boosting GDP figures, but ordinary people don't feel any benefit. Therefore, while the commerce secretary sounds very cheerful, the general public can't be happy.
Original article: toutiao.com/article/1852419558437900/
Statement: This article represents the views of the author himself.