Discussion in 'Politics' started by JimH52, Oct 26, 2012.
Boost for Obama as US economic growth beat forecasts | World news | The Guardian
Pretty proud of a projected 2% increase in GDP?
Not very impressive, since most of it was due to government spending!
Will you post it again when they revise it down, as they usually do?
A whole 2%
Much of which is due to end of fiscal year spending by the government, especially the DoD.
Thank God for that military-industrial complex.
at 9.6% fed growth in spending, thats about the size of it.
so there's no excuse about congress cutting defense spending when the dod is spending more.
One Problem, Ever single quarter of GDP growth they have released in the last 4 years, was later revised down. This time will be no different, shortly after the election we will hear, on page 12 instead of the Front Page of course, that it has been revised down to 1.5 or so.
Mark my words.
Besides, if 2.0 GDP growth is grounds for Cheering we have some real issues.
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