Discussion in 'Politics' started by mal, Oct 26, 2012.
3rd Quarter GDP Rises 2 Percent - ABC News
To be adjusted in a couple of weeks... Down.
The slowest recovery on record, about to sink back into recession.
We have spent a trillion dollars and then some and the Democrats can only say we haven't spent enough.
This sucks. Really.
We need to stop spending it in the middle east. Construction and infrastructure is the area's that would help.
Less regs for small businesses
Lower taxes on middle class
Shit growth, because our wealth and job creators fear and loath our Marxist POTUS - and the feeling is quite mutual.
I learned awhile back to never trust this Administration's numbers. They lie. It's as simple as that.
Very good news, higher than expected, much higher than some doomsayers were predicting/hoping for.
Clear consolidation in real estate, very hopeful signs from consumers, we'll see.
Given the historic depth, breadth and complexity of the meltdown, it could easily be eight to ten years before we approach anything resembling "normal", but I'll freakin' take 2.0%.
Not out of the woods yet, though. The Great Unwinding is far from over.
We need to get taxes and regs lowered on the middle class and do some nation building at home. Pull all troops out of the middle east and rebuild our nation. This is the fasts way back to 5%.
2% growth is not 'very good news.'
The GDP framework cannot tell us whether final goods and services that were produced during a particular period of time are a reflection of real wealth expansion, or a reflection of capital consumption. For instance, if a government embarks on the building of a pyramid, which adds absolutely nothing to the well-being of individuals, the GDP framework will regard this as economic growth. In reality, however, the building of the pyramid will divert real funding from wealth-generating activities, thereby stifling the production of wealth.
So what are we to make out of the periodical pronouncements that the economy, as depicted by real GDP, grew by a particular percentage? All we can say is that this percentage has nothing to do with real economic growth and that it most likely mirrors the pace of monetary pumping. We can thus conclude that the GDP framework is an empty abstraction devoid of any link to the real world.
Gross domestic product - Wikipedia, the free encyclopedia
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