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To: SeekAndFind
"So while President Obama should certainly be criticized for policies that create barriers to economic activity, the use of GDP to unleash the criticism weakens the argument altogether."

Criticized? Try impeached.

21 posted on 08/31/2010 6:57:11 AM PDT by ILS21R ("Every night before I go to sleep, I think who would throw stones at me?", she said)
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To: ILS21R
GDP IS the main factor. If we are in a steady, non-growth economy, we need at least 2.5% GDP to maintain it. The pathetic 1.6 we are now seeing is purely the result of business still making up inventory for the losses from 2008. They are also making this number with fewer workers, much higher efficiency and worker production. Most are not hiring and are requiring their fewer workers to produce about 120% of what they did prior to 2008.

This cannot be sustained for much longer. The actual numbers will eventually catch up to reflect the real statistics.

Add to that, the fact that manufacturers are closing, moving out of country and are contracting foreign companies to manufacture for them which they then tack on to the US GDP numbers.

It's all smoke and mirrors, presented by the MaObama admin., to make this disaster appear as “not so bad”.

(I agree, we need to IMPEACH this bastard ASAP!)

24 posted on 08/31/2010 7:16:48 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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