and for anybody that believes it grew by 2.5% i have a bridge to nowhere to sell you...In Long After “Unexpectedly!”
and for anybody that believes it grew by 2.5% i have a bridge to nowhere to sell you...“Part of the acceleration in activity reflected farmers’ filling up silos after a drought last summer decimated crop output. Removing inventories, the growth rate was a tepid 1.5 percent.”
So even the official, unexpectedly-lower figure of 2.5 is malarkey, then? Color me shocked and surprised!
Romney was absolutely right about at least one thing: This is NOT what a recovery looks like.
Dejavu all over again.
Seriously, who comes up with this stuff?
Just because a government is larger than a household, doesn't mean it can go on borrowing and borrowing to finance an out of control spending spree indefinitely. At some point, the bills must be paid. And in the case of government spending, the money to pay those bills comes straight from the economy. Decrease the spending, decrease taxes, decrease the burden of government spending. Only then will the economy recover.