Report Card for Donald Trump

[Warren Dew]

(01-02-2017, 09:06 AM)Mikebert Wrote:

(01-01-2017, 07:02 PM)Warren Dew Wrote: Consumers pay plenty for it, in the form of that fraction of their spending that supports the advertising and marketing budgets on which new media survive.  Where did you think Facebook, Twitter, and Youtube got the money to pay their employees?

The advertising dollars going to Facebook, etc. used to go to someone else.  That is, consumers were paying for Facebook in this way before Facebook was invented the money just went to other firms. The flow of advertising dollars simply was diverted from some other media to FB.  Advertising-supported media is not a source of growth.

I agree with that part.  The shift is neither increasing nor decreasing GDP.