LOLOL
Dumbfuck, GDP is a leading indicator of the economy. Why do you blame me for your ignorance?
Meanwhile, Obama’s budget ran through September, 2017, which still affected the economy. I don’t care how stupid you are.
Thanks again for posting your stupid for all to see. It is an indicator stupid, it is not a cause. And the budget, as I have stated and you have totally filed to prove otherwise, has little to do with the economy. Keep posting, lets see how stupid you really are.
LOLOL
You must be a ******* retard.
20% of GDP comes from government spending. When GDP rose in FY2017, that showed the economy was growing. And as much as 20% of that GDP growth is attributable to Obama’s budget.
That is true, but it only shows that GDP is a flawed metric. It might be the best metric, but it isn't a perfect metric.
Government spending, being treated the same as production from a car plant, is a joke. Just think about it....
An automobile factory produces thousands of jobs. Not just the jobs in the plant itself, but jobs for suppliers, and their suppliers, jobs in transportation, and more. Not only this, but it produces billions in wealth for the country. Every product created, is a tangible example of wealth created.
And we know that this is wealth created, because people are willing to pay money for those products and services.
For example, research grants, such as this one from the ignobel awards
REPRODUCTIVE MEDICINE PRIZE [USA, JAPAN, SAUDI ARABIA, EGYPT, INDIA, BANGLADESH] — John Barry, Bruce Blank, and Michel Boileau, for using postage stamps to test whether the male sexual organ is functioning properly—as described in their study "Nocturnal Penile Tumescence Monitoring With Stamps."
REFERENCE: "
Nocturnal Penile Tumescence Monitoring With Stamps," John M. Barry, Bruce Blank, Michael Boileau,
Urology, vol. 15, 1980, pp. 171-172.
Do tell... how many jobs, and how much wealth benefiting the country, was produced from the research grants spend on this?
Or a more obvious example, the money given to Sylondra?
A less obvious example, paying a billion dollars every 5 years, to advertise dairy products overseas. Pretty sure if a company needs to advertise, they can pay for it. Last I looked on TV, a lack of advertising, wasn't a problem. So what benefit do we get from that spending?
None.
So what real "Gross.... Domestic.... Product....." do we get from these examples of government spending? None. And these are the tip of the budget. There are billions on billions of dollars spent, that produce no GDP at all. They produce no jobs, no wealth, and benefit no one.
So yes, GDP does include government spending.... and it's a flawed inclusion.