Posted on 10/31/2009 6:10:45 PM PDT by peeps36
Consumption grew? Well yes, but only because of government subsidies like Cash for Clunkers and first time homeowners giveaway.
Investment grew? Well yes, through $1.4 trillion newly printed or borrowed dollars from the government.
Government spending grew? Well, I certainly would expect that what with $787 billion in Porkulus spending.
Those who believe real GDP grew in the 3rd quarter probably also believe there were 600,000 jobs created or saved so far this year.
This is all cooked and fabricated information as I can tell.
Yes it did.
Well yes, but only because of government subsidies like Cash for Clunkers and first time homeowners giveaway.
And unemployment benefits.
Investment grew?
Yes.
Well yes, through $1.4 trillion newly printed or borrowed dollars from the government.
You bet.
Government spending grew?
Absolutely.
Well, I certainly would expect that what with $787 billion in Porkulus spending.
You got it.
Those who believe real GDP grew in the 3rd quarter
You mean the people who believed your post? The post where you spelled out the 3 areas of GDP growth?
I guess we have a difference of opinion over what “real” means. What I see is fake.
This government has no credibility, I don’t believe anything they report.
Consumer spending was fake? Investment was fake? Government spending was fake?
I wish all the government borrowing and spending was fake, but I live in the real world.
This government has no credibility, I don’t believe anything they report.
The numbers you report have more credibility?
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