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To: GOP_Resurrected
On the GDP numbers, Rush is correct. They will be revised downward. Likely twice.

GDP consists of CIG. Was C pushing up in positive territory? No. Flat at best. Is I increasing at a rapid pace? No. Is G strapped to a rocket and accelerating at a pace never before imagined? YES!

I also find your claim that government spending only accounted for .3% of GDP growth in 2009 to be very odd. Especially considering GDP FELL in 2009. It did not grow.

27 posted on 02/18/2010 10:56:22 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Phantom Lord; y6162; School of Rational Thought; the long march; bamagirl1944; upsdriver; ...
I also find your claim that government spending only accounted for .3% of GDP growth in 2009 to be very odd. Especially considering GDP FELL in 2009. It did not grow.

To clarify, what this means is that if every other component that can add or subtract to overall GDP stayed level, then the component for GOVERNMENT PURCHASES OF PRODUCTS - not Social Security, Medicare, or expenditures like that, but actual purchases - would have given us a GDP growth rate of .3%. And obviously this includes the bulk of "stimulus" spending, ergo that form of spending could not be artificially puffing up the GDP figure.

Sorry for the confusion.

32 posted on 02/18/2010 12:04:39 PM PST by GOP_Resurrected
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