Government spending is part of the GDP. The government has put approx. 1.3 Trillion + in monopoly money in the GDP every year for the last 4 years. Take out the monopoly money and see what it does to the GDP.
Government has been and will always be one of the big line items in GDP. It isn't even news, that is just an economic fact. Please learn something about economics, your lack of real information is truly frightening.
It's not "monopoly money" any more than somebody with a mortgage who buys a car or a happy meal is spending "monopoly money". Just plain laughable and ridiculous.
so now the dims are trumpeting the "awesome" GDP growth of 2%, driven by increased defense spending? Their hypocrisy truly knows no limits!
As one poster of this board put it, when you have to resort to name calling, you've already lost the argument.
Not "trumpeting," just debunking the laughable claims of "no growth" coming from the Fox echo chamber.
big difference between a personal insult to a specific poster in an argument, and insulting 1) public figures like Oblamer and 2) insulting a broad group So you're wrong.
hahahahaha! So now you're having to backpeddle on what you said. Ooops. This kitchen seems to be a little too hot for bigtexxx. Your backtracking is duly noted. Thanks for your "clarification"
Note that he said "growing and prospering," not just "growing." It's very hard to argue that we've been prospering.
The S&P has nearly doubled. I suppose those of you without substantial equity holdings may not have noticed. Is that your excuse?
Nobody's celebrating anything other than jumping frogs of Calveras County- tho the sight of Repubs going through the Kubler Ross progression with respect to every non-negative bit of economic data is certain to be celebrated in annals of absurdity. Usa1!!!!! GREAT SUCCESS!
The majority of all private corporations operate in this way as a standard of practice in todays economy. It is the reason why the economy has been so sluggish as of late, because most of them cannot get lines of credit and take out loans to expand, refurbish/revitalize, or whatnot.
Are you indicating that the deficit spending of this administration is normal and regular like buying a car? Talk about laughable and ridiculous, too bad it ain't very funny.
The money used for deficit spending is harvested from bank reserve accounts (regardless of whether their on-sold or not) and injected into the economy, creating brand new deposits in the banking system ready to chase after goods/services. Hmm...sounds a lot like a bank loan. You can't just remove government spending from GDP because you don't think it "counts" as a part of the economy. You might as well say the banking system generated $X of loans for individual consumption or investment so C+I doesn't truly "count" either.
I'm indicating that your "it shouldn't count because something something debt!" Corollary is profoundly stupid, not grounded in reality or rationality, and that this is obvious to anyone with a university level education; and that rather than picking through the detritus of your posts on this subject, i should send men to your house to remove all scissors and babyproof the outlets lest you injure yourself.
