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To: Toddsterpatriot
Force multipier; Rush can put it better than I can:

RUSH: They're not. Look, you can try to cover up 10% unemployment all you want with a phony GDP number of 3.5%, you can go out there and say you saved the economy, but there are no jobs. Obama is gratified, but by his own benchmark his economy is still failing. Now, let me see if I can put this GDP number into context for you, 'cause it's phony. It is a fake number. Gross domestic product needs to be understood as the sum of three things: consumption by consumers, investment by business, and spending by government, CIG. Consumption, investment, spending by government. So they say the total GDP went up 3.5%. But was there any new consumption by consumers? No. Was there any new investment by business? No. Was there spending by government? Yes. That's the G. The increase is in G, spending by government.

There was no investment in business. There was no consumption by consumers. You've seen all the numbers. Home sales down; consumer spending down. There was no economic growth. What happened here, you had the Clash for Clunkers fiasco and now the Edmunds.com bunch estimates that that program cost taxpayers $24,000 for every car sold, and then there was that first time home buyers fraud, all kinds of government spending which was government borrowing. So the government spending sector goes up, and they, oh, the economy grew by 3.5%. It did not. Government grew. All that's happened here is that money has been shifted from taxpayers today and tomorrow into Obama approval ratings today.


26 posted on 10/31/2009 7:46:20 PM PDT by _Jim (Conspiracy theories are the tools of the weak-minded.)
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To: _Jim
Force multipier; Rush can put it better than I can:

Was this supposed to refute my post?

27 posted on 10/31/2009 7:54:56 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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